Valneva share price plummets after UK government terminates contract September 13, 2021 The UK government has terminated a supply agreement with the French-Austrian vaccine company, Valneva, causing share price to drop by as much as 45 per cent. The government ordered 100 million doses of Valneva’s Covid-19 vaccine, increasing its request by 40 million in February. The contract supported 100 jobs at the company’s vaccine production site [...]
ITM Power runs a loss from operations of £26.7m in FY21 September 13, 2021 ITM Power, a company which manufactures hydrogen energy solutions, has announced meagre results for FY 2021, running a loss from operations of £26.7m. While sales revenue jumped 30 per cent year on year to £4.3m, adjusted EBITDA losses increased by 18 per cent to stand at £21.4m. Total revenue and project grant funding stood at [...]
FTSE 100 rebounds as easyJet nosedives September 13, 2021 London’s FTSE 100 index has climbed by 0.64 per cent today, up 45 points higher than the previous close at 7,074.07, after being boosted by financial stocks. Banking giants saw strong gains today with Lloyd’s Group up 2.6 per cent, Standard Chartered Bank lifted by 2.4 per cent and Barclays PLC climbing 2.2 per cent. Meanwhile, investment [...]
Mastercard bets big on crypto with CipherTrace purchase September 10, 2021 Mastercard has announced plans to purchase CipherTrace, a blockchain analytics company, as worldwide crypto regulation amps up. Through its partnership with CipherTrace, a firm which analyses crypto transaction to check for suspicious activity, Mastercard aims to encourage the use of digital assets. Together, the companies will develop sophisticated monitoring tools to make crypto payments safer. [...]
Terrorists ‘heartened and emboldened’ by events in Afghanistan, says MI5 September 10, 2021 The Director General of MI5 said that two decades on from the 9/11 terrorist attacks the UK is still engaged in a global struggle against extremism. Ken McCallum revealed that UK security services had worked with police to disrupt 31 late stage terror attacks in four years, with the risk of extremism likely to worsen [...]
Fortnite calls on Apple to allow its developers back on app store September 10, 2021 Epic Games, the company behind Fortnite, has demanded that Apple restore its developer account on the app store as a legal battle over payments wages on. In August 2020, Epic Games was kicked off the app store for flouting lucrative rules which let Apple take a 30 per cent cut of in-app payments. In response, [...]
Self-isolation nation: Recovery sluggish as GDP climbs 0.1 per cent in July September 10, 2021 The UK economy grew just 0.1 per cent in July as the post-Covid recovery continued to slow. New official figures released this morning showed a significant fall from June’s one per cent growth, with the economy still 2.1 per cent below its pre-pandemic peak in February 2020. Chancellor of the Exchequer, Rishi Sunak remained positive [...]
Bitcoin can now be purchased using The Post Office app September 10, 2021 From next week customers using The Post Office’s EasyID app will be able to buy cryptocurrencies such as bitcoin. The mobile app, which helps users to securely verify their age and identity in order to gain access to online services, can be used to make purchases on Swarm Markets, a decentralised cryptocurrency exchange. With a [...]
Exports slump in July as UK explores non-EU markets September 10, 2021 Total exports fell one per cent in July, down £300m, driven by a £900m drop in goods and services delivered to the EU. Falling EU exports were in part offset by a healthy increase of £700m in export value to non-EU markets, up by five per cent compared to the previous month. Overall, however, the [...]
Amazon will pay college tuition fees for US staff September 10, 2021 Tech giant Amazon has offered to pay $1.2bn in tuition fees for 750,000 eligible employees as staff shortages continue to bite. In a statement published today, the company said that workers would be eligible for fully funded college tuition including costs for classes, books and fees. Employees who have worked at the company for as [...]
