Edinburgh Woollen Mill administrators hail ‘strong performance’ November 13, 2020 The firm managing the administration of Edinburgh Woollen Mill today hailed a “strong performance” for the first half of the year. FRP Advisory said that revenue had risen 14 per cent year-on-year to £35.4m, while earnings had increased seven per cent to £9.7m. It said that it had achieved the growth even though the number [...]
New Asda owning Issa brothers sell stake in petrol station giant EG Group November 13, 2020 New Asda owning Issa brothers sell stake in petrol station giant EG Group
Trump administration to delay enforcement of Tiktok ban November 13, 2020 The US government has said it will delay enforcement of a ban on Tiktok as the Chinese-owned viral video app fights back against the measures. The Trump administration in August filed a divestiture order that would have forced Tiktok to sell its US operations by Thursday this week. But the US Commerce Department said it [...]
London job market lagging behind rest of country November 13, 2020 London’s job market is still lagging behind the rest of the country in terms of fresh opportunities, new figures today suggested. In the week before the second national lockdown was introduced, there were 18.7 per cent fewer job listings in the capital than in the week before the first lockdown in March. That is despite [...]
Dominic Cummings ‘set to resign’ by end of the year November 13, 2020 Boris Johnson’s top advisor Dominic Cummings is expected to resign from his role in Downing Street by the end of the year. Transport secretary Grant Shapps told Sky News this morning: “As he [Cummings] wrote right at the beginning of the year in his own words, he planned to make himself largely redundant this year [...]
DEBATE: Will the National Security and Investment Bill make it harder for the UK to remain a business hub? November 13, 2020 Max von Thun, senior associate at political advisory firm Global Counsel, says YES. Under the screening regime proposed by the new National Security and Investment Bill, a much higher number of deals will be subject to potential government intervention on national security grounds for up to five years after they have taken place. In addition [...]
Pay no attention to the dysfunctional comms team behind the Downing Street curtain November 13, 2020 There’s a well-known warning in the world of theatre tech: if someone notices the lighting, you haven’t done your job. Yes, sometimes dazzling special effects are what make a show, but nine times out of 10 the audience only becomes aware of the tech if something goes wrong. The way you know you’re doing a [...]
When did central banks decide that abnormal monetary growth doesn’t matter anymore? November 13, 2020 With many countries’ economies still suffering from the effects of the coronavirus pandemic, or even — as in the UK — still under large-scale lockdown, another fall in spending and output in the autumn is expected. Worryingly, policymakers around the world only seem to be concerned about the short-term impact of the lockdowns, and appear [...]
Full-fibre broadband firm Hyperoptic opens new London headquarters November 13, 2020 Challenger broadband firm Hyperoptic is set to move into new headquarters in London amid growing demand for next-generation internet services. The company will make the short hop from its current offices into two floors in Kings House in Hammersmith. It also has offices in Manchester, Reading and Belgrade in Serbia. Hyperoptic has grown steadily since [...]
Exclusive: Meet the 50 highest-growth startups in the UK November 12, 2020 A total 50 of the most promising high-growth tech firms in the UK have been named as the country’s top scaleup companies by tech group Silicon Valley Comes to the UK (SVC2UK). Global medical network Air Doctor, social enterprise Beam, which helps the homeless secure employment, and business and finance marketplace Funding Options were among [...]
