Booze subscription service Virgin Wines to list on AIM in £100m move February 16, 2021 Booze subscription service Virgin Wines to list on AIM in £100m move
Copper touches highest levels since 2012 as metals rally continues February 16, 2021 Copper prices hit their highest levels in nearly a decade today as Chinese demand and the global economic recovery extended the red metal’s rally. For the third session in a row London Metal Exchange copper hit fresh multi-year peaks, having rallied by 93 per cent since last March. LME copper pushed up 0.3 per cent to $8,416.50 [...]
Coventry launches bid for battery ‘gigafactory’ at airport February 16, 2021 Coventry City Council has joined forces with the local airport to develop plans for a battery gigafactory which could create up to 4,000 new jobs. The joint venture partners will submit a planning application for the project, which they said could bring in £2bn in investment, later this year. West Midlands Mayor Andy Street said [...]
Sadiq Khan proposes to invest over £1b in city policing with new cash injection February 16, 2021 London Mayor Sadiq Khan plans to boost police investment with an additional £30m, taking the total to over £1b in the next four years, to ensure over a thousand Met officers keep their jobs. The mayor said he will divert funds from council tax and business rates receipts from local authorities to policing, ahead of [...]
EU Brexit chief Maros Sefcovic says Northern Ireland issues to be fixed by 24 February February 16, 2021 European Commission vice president Maros Sefcovic has told Irish lawmakers today that he wants Northern Ireland’s post-Brexit issues solved next week. Sefcovic, who is in charge of UK-EU relations for Brussels, said he wanted the border problems solved by the end of his meeting with Cabinet Office Minister Michael Gove on 24 February. He also [...]
Proposals to help self-employed and directors backed by cross-party MPs February 16, 2021 The Federation of Small Businesses (FSB) chairman has said the government needs to act to help the businesses that fell through the gaps in business support requirements. In response to the Treasury Committee’s Economic Impact of Coronavirus inquiry update this morning, FSB chairman Mike Cherry said: “The government urgently needs to come forward with a [...]
Valentine’s Day is sinfully wasteful – next time, buy bread February 16, 2021 As we survey the aftermath of Valentine’s Day – the already-wilting flowers, the extravagantly-boxed chocolates, the pithy cards bought from some trendy online retailer – it’s not difficult to spot the wastefulness associated with the most romantic day of the year. London’s first zero-waste floral bakery is doing its bit to reduce this mountain of [...]
City counts the cost of Brexit but eyes turn to new global opportunities February 16, 2021 As temperatures hit record lows in February, parts of London’s financial markets are feeling the cold as consequences of Brexit bed in. The much reported toppling of London as the continent’s top share-trading hub in January is a symbolic moment more than a significant economic shift, but it plays into a wider discussion about the [...]
Day-trading Davids could take on more worthwhile Goliaths than the hedgies February 16, 2021 Nicolas Mackel is CEO of Luxembourg for Finance Some may not agree with the actions of the mostly millennial retail day traders, who together gave hedge funds a bloody nose by coordinating via social media to skyrocket GameStop’s share price, but everyone agrees it is an extraordinary story. People are already talking about the movie [...]
Medical cannabis company Kanabo enjoys supherb first day as listed company February 16, 2021 Medical cannabis company Kanabo Group’s share price soared today on its first day listed on the London Stock Exchange (LSE). Kanabo manufactures vaporised marijuana pods and inhalers for medical use. By mid-morning, the company’s share price had jumped some 66.64 per cent on its first day as a listed company. Kanabo CEO Avihu Tamir said: [...]
