BoE’s Bailey apologises to investors amid criticism over LCF collapse March 15, 2021 Bank of England governor Andrew Bailey has apologised for his role in failing investors of collapsed mini-bond firm London Capital & Finance. His apology came amid rising pressure about his responsibility in a series of scandals during his role as head of the Financial Conduct Authority. On Monday morning, Bailey told BBC Radio 4 that [...]
The Ides of March are upon us with crypto suffering the first dagger – let the autopsy begin… March 15, 2021 A big weekend for Bitcoin has given way to a volatile Monday as the leading cryptocurrency slumps to around $56,000.
More services and hydrogen buses in Boris’ £3bn bus ‘revolution’ March 15, 2021 Prime Minister Boris Johnson has today unveiled £3bn of funding to make buses the country’s “transport of choice”. As part of the “National Bus Strategy”, the government has pledged to deliver 4,000 new British-built electric or hydrogen buses. It will also begin a consultation on ending the sale of diesel buses as part of the [...]
DCC snaps up medical supplier Wörner for €80m March 15, 2021 FTSE 100 services firm DCC has this morning bought German medical supplier Wörner for around €80m (£68.5m). The firm supplies equipment such as PPE, COVID antibody tests, injectables, wound care to around 20,000 customers in Germany in Switzerland. It recorded revenue of approximately €70m in 2020. Irish firm DCC said that the move would provide [...]
BoE boss Bailey expects a permanent shift to ‘hybrid working’ March 15, 2021 Bank of England governor Andrew Bailey today said that he expects working from home to stay, with a ‘hybrid’ model of home and workplace set to become the norm. Bailey told BBC Radio 4 that he predicts a permanent change as habits and practices are proved to be sustainable. “I would be very surprised if [...]
Stripe tops US startup rankings as valuation jumps to $95bn March 15, 2021 Digital payments firm Stripe has become the most valuable private company in Silicon Valley after fresh funding drove up its price tag to $95bn (£68bn). The financial services firm last night announced it had raised $600m in fresh capital from investors including Allianz, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and Ireland’s National [...]
Great fire of Londoners: Capital feels more ‘burnt out’ than any other UK region March 15, 2021 In the era of ‘grind culture’, Londoners feel more ‘burnt out’ and stressed due to work pressures than people in any other region in the UK, according to research published this morning. The study by Delamere Health Cheshire said that the average person will spend one-third of their life at work, with Londoners giving the [...]
The Honda Civic Type R is as exciting as it looks. Yes, really March 15, 2021 Honda has updated its Civic Type R hot hatchback for 2021. If you can live with the looks, says Tim Pitt, it’s an outstanding driver’s car.
Bailey gives cautious endorsement of ‘coiled spring’ recovery and dampens inflation fears March 15, 2021 The Governor of the Bank of England has backed the economy to recover this year and cautiously endorsed his Chief Economist Andy Haldane’s prediction of a “coiled spring” recovery. Andrew Bailey told the BBC this morning that though current Bank forecasts predict a gradual recovery, there were welcome “risks to the upside.” Haldane has said [...]
London minister Paul Scully on his rise to government March 15, 2021 Paul Scully seems a natural fit for London minister. While the Sutton and Cheam MP didn’t grow up in the capital, Scully was born in Warwickshire and went to school in Bedforshire, he certainly sounds like a nailed-on Londoner. His south London twang is noticeable and so is his relaxed, chatty demeanour – the antithesis [...]
