Venture capitalism not politics was the brains behind Britain’s vaccine success February 24, 2021 The largely unsung hero – and perhaps the unlearnt lesson – of Britain’s vaccine success is venture capitalist turned government adviser Kate Bingham and how other venture capitalists like her can create the agile, entrepreneurial policies that ‘Global Britain’ needs. It was not politics as usual that allowed Britain to have the fastest vaccine rollout [...]
Anglo-Pacific snaps up Canadian cobalt resource for $205m February 24, 2021 London-listed miner Anglo-Pacific has today made its first push into cobalt with the $205m (£144.9m) acquisition of a share in a commodity stream at a mine in Canada. Under the deal, the firm will take control of a holding company that holds a 70 per cent interest in cobalt streams from the mine at Voisey [...]
Hyundai rolls out costly electric vehicle recall amid fire risk February 24, 2021 Hyundai will replace battery systems in 82,000 electric vehicles due to fire risks in one of the first mass replacements conducted by a major automaker. The move will cost around $900m and mostly concerns the Kona EV, Hyundai’s biggest-selling electric car. The Kona EV was first recalled late last year for a software upgrade after [...]
Lloyds to slash office space as it resumes dividend despite 72 per cent profit drop February 24, 2021 Lloyds resumes dividend despite 72 per cent profit drop as it unveils wealth drive
Why science, engineering and business must unite to protect our athletes and the sports we love February 24, 2021 The stadiums were echoing, the stands empty, but when normal life ground to a halt, many professional sportsmen and women played on. The spectacle gave the rest of us a dose of much-needed escapism. Watching from our locked-down homes, it was easy to imagine the athletes on-screen didn’t have a care in the world beyond [...]
London should not overlook SPACs, former LSE boss says February 24, 2021 The former London Stock Exchange boss, Xavier Rolet, has declared London should consider blank-cheque vehicles following a surge of activity in the US. A number of big names, including Rolet himself, have jumped on the SPAC craze which is sweeping the US. SPACs – special acquisition companies- are created to raise capital through a public [...]
Super-rich opt for London despite temporary exodus amid pandemic February 24, 2021 London’s standing as a home for the super rich to live, invest and do business in has been unchanged during the pandemic.
EE to extend 4G coverage in rural not-spot crackdown February 24, 2021 EE today said it will improve its 4G coverage in more than 500 areas across the UK as part of a government initiative to stamp out so-called signal not-spots in rural areas. The mobile operator, which is owned by BT, has already upgraded its network in 110 areas since March last year and plans a [...]
UK growth helps Iberdrola offset Spanish power drop February 24, 2021 Spanish renewables giant Iberdrola this morning said that impressive growth in the UK helped balance out a fall in electricity demand in its home market due to the pandemic. The firm, which owns energy supplier Scottish Power, that the margins of the its UK business jumped over 40 per cent in 2020. This was largely [...]
Apple acquisitions: Tech giant buys a company every three to four weeks February 24, 2021 As the giants of Silicon Valley jostle for pole position in the escalating technology arms race, mergers and acquisitions are often the name of the game. But the scale of Big Tech acquisitiveness has been laid bare after Apple boss Tim Cook revealed his company has snapped up roughly 100 companies over the last six [...]
