Government to pay out £120m to LCF bondholders in new compensation scheme April 19, 2021 The Government has announced plans to compensate bondholders who lost out on millions following the collapse of London Capital & Finance. A new compensation scheme will pay 80 per cent of bondholders’ initial investment up to a maximum of £68,000, the Treasury said today. Where bondholders have received interest payments from the collapsed firm or [...]
Zoom looks to future-proof with $100m productivity app fund April 19, 2021 Zoom today unveiled plans to launch a $100m (£72m) venture fund to invest in productivity apps, marking the video calling platform’s efforts to maintain momentum following the pandemic. The company said its Zoom Apps Fund will help to generate growth for its portfolio of apps as it looks to integrate other technology into its own [...]
Homeworkers less likely to be promoted or get bonus than office counterparts April 19, 2021 People who mainly worked from home prior to the pandemic were far less likely to have received a promotion or a bonus compared with their office-based counterparts. A new study by the Office of National Statistics (ONS) shows that true gulf of the divide in professional opportunities for those who work from home as opposed to [...]
Australia opens travel bubble with New Zealand April 19, 2021 Thousands of passengers have descended on Australian airports today as the country reopened quarantine-free travel with New Zealand for the first time in more than a year. The new travel bubble means travellers no longer need to self-isolate for two weeks when moving between the countries. While most Australian states had allowed quarantine-free visits from [...]
We need tougher consumer protection to end the hours of hold music when things go wrong April 19, 2021 It might have been for your cancelled two-week summer holiday. Or it could have been that parcel you ordered that never arrived. First comes the disappointment and frustration, then the dread. You are now staring down the barrel of what could be a lengthy, painful battle with a customer service team to get your money [...]
Captain Tom has his own rose – buy one to support his work April 19, 2021 If you are planning on transforming your outdoor space into an English rose garden, now is the time to act. This most famous and romantic of blooms takes time and care to grow but can be the most rewarding of pursuits for keen gardeners. But if you still need an extra push, you can also [...]
Coinbase chief executive sold $291.8m in shares on listing day April 19, 2021 The chief executive of the recently-listed Coinbase sold more than $290m of his shares on the platform’s opening day last week. Brian Armstrong sold $291.8m in shares during the digital currency platform’s first day of trading on the Nasdaq, regulatory filings showed. He sold 749,999 shares in three batches at prices ranging from $381 to [...]
UK launches national security review into Nvidia’s $40bn Arm takeover April 19, 2021 The UK has launched a review into Nvidia’s planned $40bn (£30bn) takeover of British chipmaker Arm amid concerns it could harm national security. Digital secretary Oliver Dowden today issued a public interest intervention notice (PIIN) relating to the proposed deal. Cambridge-based Arm is one of the world’s leading semiconductor companies. Chips are key to technologies [...]
German-British businesses plot increased investment in UK despite Brexit April 19, 2021 More than a third of German-British businesses now plan to increase their investment in the UK over the medium term, a complete turnaround from six months ago. A new survey from the German-British Chamber of Commerce shows that 35 per cent of such firms now think they will raise investment, up from just 5.0 per [...]
Mayor of London election: Shaun Bailey pledges City Hall infrastructure bank as part of Covid recovery April 19, 2021 Tory mayor of London candidate Shaun Bailey has pledged to create a new taxpayer-funded and City Hall-owned infrastructure bank for transport projects if elected next month. Bailey’s plan would aim to “attract private sector finance into large scale, costly infrastructure projects” in order to get projects like Crossrail 2 and the Bakerloo extension funded. The [...]
