Deliveroo offers share hungry investors access to £50m ahead of IPO March 7, 2021 Deliveroo will make £50m of shares available to its customers in its forthcoming IPO as part of a community offer. From tomorrow, any Deliveroo customer who has placed an order with the takeaway service will be able to register their interest in applying for shares in any future floatation via their app. This means that [...]
Cazoo founder mulls $8bn merger with US-listed Spac March 6, 2021 Cazoo founder Alex Chesterman is weighing up a merger with special purpose acquisition company (Spac) that could value it at as much as $8bn. Chesterman, who set up online car retailer Cazoo in 2018, has been holding discussions with US-listed Spac Ajax I, Sky News first reported. Ajax I was launched by Daniel Och, co-founder [...]
Electric cars will lead to a design transformation on the scale of iPhones & Apple laptops March 6, 2021 There was a golden age of car design that ran from the mid 1950’s to early 1970’s. Cars like the Jaguar e-type, Ferrari Dino, or Pontiac Firebird emerged; they were not only engineering miracles, but objets d’art. During this time, the imagination of the auto industry was running wild, setting out ambitious visions of the [...]
John McAfee hits back at cryptocurrency fraud charges March 6, 2021 Computing legend John McAfee has hit back at US prosecutors who early today formally charged him with cryptocurrency fraud.
John McAfee charged with cryptocurrency fraud March 6, 2021 Infamous computer programmer John McAfee – currently incarcerated in a Spanish jail – has been officially charged with cryptocurrency fraud by US authorities.
Finance need an overhaul to price in climate change risk and push green agenda forward March 6, 2021 Why did the credit and wider financial system only take off in the last 400 years? Despite money and lending being around for millennia, financial services only truly got going alongside the Enlightenment. According to the writer Yuval Noah Harari, the fundamental shift was to be found in humanity’s belief about the future. In previous [...]
EU to urge US to export doses of Oxford/AstraZeneca vaccine to Europe March 6, 2021 The European Union will urge the United States to permit the export of millions of doses of AstraZeneca’s Covid-19 vaccine to Europe. The EU is scrambling the bridge supply shortfalls, the Financial Times reported, and has turned to the US for help. The EU also wants Washington to ensure the free flow of shipments of [...]
Kwasi Kwarteng: Social distancing in retail and hospitality could stay the year March 6, 2021 Business minister Kwasi Kwarteng believes social distancing in the retail and hospitality sectors could remain in some capacity for the rest of the year. Last month Boris Johnson announced almost all Covid-19 restrictions could be lifted by June 21, so long as the battle against the coronavirus continues to go to plan. Despite the planned [...]
Caffè Nero staff fiddled dates on food to avoid excessive waste March 6, 2021 Staff at Caffè Nero have been changing dates on muffins, cakes and scones to help sales and avoid waste. An investigation by The Times found both current and former staff were aware of the practice, with some confirming they had changed dates. Six former and present staff told The Times they had changed dates, 17 [...]
Downing Street spends millions on new broadcast room March 6, 2021 Downing Street has spent more than £2.6m on fitting out a new meeting room, following plans to have America-style daily press conferences. The Cabinet Office told the BBC the multi-million-pound spending was “in the public interest” and will “increase public accountability and transparency”. Number 10 plans to start televised daily press conferences similar to those [...]
