Hybrid working powers office provider IWG towards recovery August 10, 2021 IWG, a company that delivers real estate solutions for businesses, has made a modest financial recovery as hybrid working brings employees back to offices. IWG’s interim results show that while revenue across its centres has fallen by 10.4 per cent in the first half of 2021 compared to the same period last year, revenue has [...]
Tower Bridge reopens after being stuck in raised position overnight August 10, 2021 Tower Bridge has finally reopened to traffic after a technical fault caused the London landmark to jam in an open position overnight. The bridge was raised for a scheduled lift yesterday afternoon, but remained open for almost 12 hours, shutting down one of the main roads across the Thames before it reopened to traffic at [...]
Oops: Traffic chaos mounts after Tower Bridge gets stuck open August 9, 2021 The moving elements of Tower Bridge remain stuck in the raised position tonight, shutting down one of the main road arteries across the Thames. The Bridge was raised to allow a sailboat passage along the river, but the bridge’s bascules this afternoon became lodged in the raised position. The technical fault last occurred in August [...]
Government ends Oxford Nanopore Covid testing contract early August 9, 2021 The UK government has ended a contract with Oxford Nanopore worth £113m as the vaccination rollout continues apace. Last August Oxford Nanopore signed a contract with the Department of Health, to provide rapid LamPORE tests to NHS laboratories. At the time, former then-health secretary Matt Hancock said the rapid testing kits would “benefit thousands of [...]
Ocado allows employees to work from abroad for a month August 9, 2021 Ocado Group has announced its employees will be allowed to work remotely from a country of their choosing for up to a month. The online grocer’s Chief People Officer, Claire Ainscough, confirmed the policy in comments to The Times, stating that the company is still encouraging a return to the office. The news comes as [...]
Deliveroo shares surge after German rival purchases stake August 9, 2021 Deliveroo shares have jumped by ten per cent to the highest level since trading began after a German rival purchased a stake in the company. On Monday Deliveroo disclosed that it received a notification “of major holdings in the company’s shares from Delivery Hero after market close on 6 August 2021,” pushing share prices to [...]
The Renault Group partners with Geely to expand Asian presence August 9, 2021 The Renault Group has announced a partnership with a China-based vehicle manufacturer as post-pandemic sales fail to gain momentum in Asia. The Renault Group will share resources and technology with Geely Holding, China’s largest privately owned automotive group, as they focus on bringing hybrid vehicles to the fast-growing Asian markets. The companies will jointly release a [...]
Hipgnosis buys up iconic Fleetwood Mac songs August 9, 2021 Hipgnosis, a Guernsey-based fund which invests in music and its IP rights, has purchased songs from one of the main writers for Fleetwood Mac. Christine McVie sang on five albums for the band between 1971 and 1974 and wrote tracks for many of its most iconic releases including Rumours, Tusk, Tango in the Night and [...]
Virgin Atlantic prepares for stock market listing August 9, 2021 Sir Richard Branson’s Virgin Atlantic Airways is planning to list on the London Stock Exchange in a bid to raise capital as international travel makes a recovery. The UK-based airline is understood to have been presenting to fund managers about the listing which could occur as early as the Autumn. The company sustained losses of [...]
NHS waiting list could top 13 million, says IFS August 8, 2021 IFS modelling has confirmed Sajid Javid’s stark warning that the number of people on the NHS waiting list could reach 13 million. Last month the Health and Social Care Secretary quoted “shocking” government data which estimated waiting lists could more than double in a matter of months. Today, analysis published by the IFS reiterated that [...]