Tesla temporarily freezes production at California assembly plant February 25, 2021 Tesla, Elon Musk’s electric vehicle company, has told workers it will temporarily freeze parts of production at its assembly plant in California. Workers on a Model 3 production line in the California-based Fremont factory were told their line would be down from Monday until 7 March, according to Bloomberg. Impacted staff expected to take holiday [...]
Judas and The Black Messiah: Kaluuya a shoo in for awards February 25, 2021 Two of the most exciting actors of their generation reunite to share the screen in Judas and The Black Messiah, a drama that is hoping to be among the winners come awards season. This true story stars Lakieth Stanfield (Sorry To Bother You, Uncut Gems) as Bill O’Neal, a petty car thief caught by the FBI [...]
Bin firm Biffa snaps up surplus food collectors Company Shop for £80m February 25, 2021 Waste disposal firm Biffa today said that it has bought surplus food group Company Shop for £82.5m. Company Shop, which describes itself as the country’s biggest surplus food firm, collects waste items and then redistributes them to its member organisations. Surplus produce can include production overruns, trial products, or produce that has been incorrectly labelled [...]
Challenger bank Monument raises £28m ahead of summer launch February 25, 2021 A new challenger bank that wants to target wealthy savers has raised £28m from individual investors ahead of its launch this summer. Monument is targeting “mass affluent” clients, including property investors and entrepreneurs, offering a similar service to private banking. The neobank has said it will offer customers the opportunity to seek property investment loans [...]
Sunak’s Budget set to be a mix of tax rises and Covid cash giveaways February 25, 2021 Rishi Sunak’s Budget next week will reportedly be characterised by a mixture of Covid support extensions and tax rises, with few extra funds for day-to-day departmental spending. This is set to include a £30bn package to extend current Covid support schemes – including the furlough scheme, VAT cut for retail and hospitality, stamp duty exemption [...]
City A.M. TV: Daily Market Snapshot (video) February 25, 2021 City A.M. TV: Daily Market Snapshot (video)
Exclusive: Jefferies drops mooted ‘no jab, no entry’ policy for office return February 25, 2021 Global investment bank Jefferies has dropped plans to require staff to receive a vaccine before returning to the office, City A.M. can reveal. An all-staff memo, sent at the start of the month, said that “verification of vaccination will be required to access the office” once work-from-home restrictions were lifted across the globe. But a [...]
Cardano hard fork ‘Mary’ proudly announced while the Saylor Musk saga keeps on turning February 25, 2021 Bitcoin markets appear to settle but Elon Musk continues to make mischief with his tweets about Doge coin.
Asda puts 5,000 jobs at risk in online shopping push February 25, 2021 Asda has put around 5,000 jobs at risk as it aims to simplify the business and focus on its online shopping offer. The grocer this morning said it had begun formal consultations with 5,000 employees, but that it will create 4,500 new jobs in online operations this year. The supermarket has proposed the simplification of [...]
Atom Bank taps investors for cash as it targets IPO February 25, 2021 Digital challenger Atom Bank is looking to raise £40m from existing investors as it targets an IPO in the next few years. The neobank Atom is confident it will move to profitability from its mortgage and business lending “within a year”. The optimism contrasts with its fintech peers which have faced difficulties since the outbreak [...]
