Ecommerce platform Clearbanc injects £500m into British startups October 8, 2020 Ecommerce investor Clearbanc has announced its plans to invest £500m into British SMEs over the next year as part of its UK launch. The alternative capital platform, founded by Canadian Dragons’ Den star Michele Romanow, will use its AI platform to invest in British online startups to help with future growth. Clearbanc has already invested [...]
The City View: Alastair Stewart on the future of broadcast media, from the BBC to GB News October 7, 2020 In the first episode of the City View’s new weekly format, Christian May talks to veteran broadcaster and journalist Alastair Stewart about a wave of disruption hitting the broadcast media. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS The BBC has a new Director General while its former star presenter is launching a rival news channel. What will [...]
BDO may be forced to bail out Spanish sister firm after €126.8m penalty October 7, 2020 Accountancy firm BDO may be forced to bail out its Spanish sister company which has been slapped with a €126.8m (£115m) over its role in an accounting scandal. BDO was among those convicted by Spain’s highest criminal court for its involvement in falsifying the accounts of fishing firm Pescanova between 2010 and 2012. The Audiencia [...]
Pubs and bars in row over late night levy as 10pm curfew sinks sales October 7, 2020 Pubs and bars have urged the government to scrap a tax on late night openings after it emerged many venues are still being charged despite being forced to close at 10pm. The late night levy is charged by some councils on venues selling alcohol between midnight and 6am as a way of paying for additional [...]
Brexit: UK and EU edging closer on state aid talks, says David Frost October 7, 2020 The UK and EU are finally beginning to make progress in the contentious area of state subsidies during Brexit trade talks, according to Britain’s chief negotiator Lord David Frost. Frost said today that talks with Brussels on state aid had been “somewhat more constructive” in recent weeks after “a long period in which we’ve been [...]
Cambridge Analytica did not misuse data to influence Brexit, watchdog rules October 7, 2020 Disgraced political consultancy Cambridge Analytica did not misuse data to try and influence the outcome of the 2016 Brexit referendum, a major probe has concluded. The Information Commissioner’s Office (ICO) has spent three years investigating the use of personal data in political campaigning by the now defunct SCL Elections — the parent company of Cambridge [...]
UK examining how to reduce travel quarantine period using tests October 7, 2020 The UK is urgently looking into ways to reduce the 14-day travel quarantine period which applies to some passengers arriving in the country, transport secretary Grant Shapps said. Shapps said that a mixture of Covid-19 testing and self-isolation was promising, and announced the formation of a Global Travel Taskforce to open up international travel, which [...]
Just Eat Takeaway shareholders back Grubhub deal but reject US chief’s pay October 7, 2020 Shareholders of online food delivery giant Just Eat Takeaway have approved its proposed $7.3bn (£5.6bn) acquisition of US rival Grubhub, but rejected a pay package for the company’s US chief executive. The group agreed to buy Grubhub in June in an all-share deal that would make the combined group the biggest food delivery company outside [...]
Guest opinion: Too many infrastructure projects have been dropped or delayed October 7, 2020 So, another “big vision” speech from the prime minister. After weeks of criticism over the Government’s poor handling of coronavirus and Brexit the call to arms at the Conservative Party’s online conference came straight out of the Johnson playbook. Boost infrastructure investment and productivity. Build a better country. Look ahead to a bright future. It’s [...]
Stansted Airport set to axe nearly 400 jobs as demand plunges October 7, 2020 Stansted Airport is set to cut nearly 400 jobs following a sharp drop in passenger numbers amid a second wave of the pandemic. The airport’s owner, Manchester Airports Group (MAG), confirmed it will begin discussions with unions on proposals to reduce employee costs at Stansted, Manchester and East Midlands airports. The UK’s largest airport group [...]
