Prodigy Finance secures $750m to finance international student loans September 23, 2021 Prodigy Finance has secured $750m in funding to support postgraduate education through providing cross-border student loans. The company provides financing to international students who would not otherwise have the opportunity to pursue postgraduate qualifications. A funding deal with CPP investments will allow the scheme to support students in additional countries including China, Bangladesh and Chile, [...]
Superdrug administers first high street Covid booster jab September 23, 2021 Superdrug is supporting the NHS roll out of Covid booster jabs for vulnerable individuals and frontline health workers by administering vaccine doses in store. Third jabs will help elderly and vulnerable patients maintain their immunity to Covid-19 through the Winter season. Pharmacists and nurses at Superdrug will administer vaccines to eligible patients at nine UK sites with [...]
First gas stations close as BP and Esso ration fuel September 23, 2021 The first UK gas stations are closing as a chronic shortfall of qualified drivers causes petrol and diesel deliveries to dry up. BP and Esso owner ExxonMobil have announced that deliveries of petrol and diesel to forecourts across the UK will be reduced to ensure supplies do not run out. Suppliers say In a statement [...]
Bank of England considers tough rules on crypto September 23, 2021 Bank of England Deputy Governor Sam Woods has warned he will consider tough new rules to prevent British banks building up extensive exposure to crypto assets. Woods described controversial rules on crypto assets proposed by the Basel committee, the global standard setter for banking regulation, as “quite sensible” in comments to Reuters. The rules, which [...]
BP to ration fuel amid driver shortages September 23, 2021 BP has announced fuel will be rationed as the shortage of heavy goods vehicle drivers drags on the oil giant’s petrol and diesel supplies. At a government meeting last Thursday, BP told officials that last the company’s ability to transport fuel from refineries to its network of forecourts was faltering. Fuel will now be rationed [...]
French Connection shares jump 15 per cent following takeover offer September 23, 2021 French Connection’s share price has surged after the ailing company announced it had received a generous takeover offer from a group of shareholders. The British retailer, made famous by its controversial FCUK logo, has struggled during the pandemic making an operating loss of £11.7m in 2020 after sluggish sales caused revenue to fall by 40.4 [...]
Frustrated customers are leaving their banks over mishandled complaints September 23, 2021 Disgruntled customers are leaving their banks in droves after being let down by inadequate complaints handling processes. Complaints have been on the rise during the Covid-19 pandemic with 27 per cent of customers raising issues with their bank or the Ombudsman in the past 12 months. Data from software company Nuix found that over a [...]
Legalise it: e-scooters could help to reduce London car use, says study September 23, 2021 A London think tank is calling on the government to legalise e-scooters in a bid to make transport in the Capital greener. A report by the Centre for London wants e-scooters, which produce 34 per cent less carbon emissions than cars and far less air pollution, to be introduced alongside a raft of new legislation [...]
Manufacturing for the iconic MOKE returns to the UK September 22, 2021 Manufacturing for the MOKE, an iconic sixties open top car favoured by the likes of The Beatles, The Beach Boys and Brigitte Bardot, is returning to the UK from France. The MOKE has been engineered in Britain and manufactured in France since its relaunch in 2020. From now on, all MOKEs will be built at [...]
British company inks Japan electric aircraft deal worth up to $800m September 22, 2021 A British manufacturer, leading the transition to carbon free aviation, has inked a deal to introduce its flagship electric aircraft to the Japanese market. Bristol based Vertical Aerospace has agreed a partnership with Marubeni Corporation, a leading Japanese trading and investment conglomerate to explore sustainable, emissions free aircraft. City A.M. understands the deal could be [...]
