Going once, going twice: LiveAuctioneers sold to London’s ATG for $500m October 1, 2021 London-based Auction Technology Group (ATG) has snapped up the holding company of online auction business LiveAuctioneers for a dear $500m. The acquisition, for Platinum Parent, involves both cash and the issue of new shares after the Competition and Markets Authority (CMA) gave the deal the green light on Wednesday, The deal also features an earnout [...]
Government calls in soldiers to deliver to forecourts as fuel crisis continues October 1, 2021 The government has reportedly called in soldiers to help deliver fuel to forecourts, which will begin tomorrow, as ministers continue to grapple with the crisis that has left pumps dry. The move comes as the shortage, which has been said to be easing, was improving too slowly, the i first reported, citing senior government sources. [...]
Fusion energy: UK looks to leverage and commercialise the low carbon power October 1, 2021 The government has set out plan of action to bring more fusion power and technology to the country today, which could help decarbonise the UK’s energy sector. The UK is looking to muscling in on a leadership position in the development of fusion energy globally, as the power does not have to rely on wind [...]
China appoints Uyghur governor to Xinjiang amid abuse accusations October 1, 2021 A new governor has been appointed for Xinjiang, the region where China has been accused of violating the human rights of Uyghur and other Muslim minority groups. Erkin Tuniyaz, an ethnic Uyghur himself, climbed to notoriety earlier this year when he defended the country’s stance on Xinjiang. In a video address to the United Nations [...]
The Met advises women to hail a bus or run if they do not trust a male officer October 1, 2021 The Metropolitan Police has issued new advice for women who do not trust a male officer, which includes ‘waving a bus down’ for help or running away. In a statement released yesterday, Britain’s largest force advised women to “shout out to a passer-by, run into a house or wave a bus down”. The guidance was [...]
Holiday-goers could fork out as much as £105m on airport drop-off fees next year October 1, 2021 Holiday-goers leaving the UK could fork out as much as £105m in airport drop-off fees once traveller numbers return to pre-pandemic levels, according to new research. Most of the country’s busiest airports charge such fees, with the average cost standing at £3.54 – while Heathrow is set to introduce a £5 fee from November, the [...]
Sit down: The CEO of the UK’s first-ever space flight regulator October 1, 2021 The UK’s recently unveiled space regulations mark a “really important milestone” for the country as an island emerging from a pandemic following Brexit, the boss of the UK’s aviation watchdog has told City A.M. Civil Aviation Authority (CAA) boss Richard Moriarty – the regulator now responsible for space flight – explained fresh rules governing the [...]
City Moves: Who’s switching jobs in the Square Mile today? October 1, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. L.E.K. Consulting L.E.K. Consulting has elected its next Global Managing Partner – the top leadership position in the partnership. Based in London, Clay Heskett has been elected to the global leadership position from the management consulting firm’s [...]
Current carbon pricing is too low to stop climate change, new research says September 30, 2021 Carbon pricing is currently too low to stop climate change, according to new research published ahead of COP26 – when carbon market rules are scheduled to be agreed. In its latest whitepaper, which seeks to make carbon pricing more effective, the Climate Crisis Advisory Group (CCAG) estimated that today’s policy targets would likely lead to [...]
Virgin Galactic allowed to resume flights, sending shares into orbit September 30, 2021 Virgin Galactic’s shares have soared 13.9 per cent today after British billionaire Richard Branson’s company was given the go ahead to return to space flights following a temporary ban. The company’s flights were halted by US regulators the Federal Aviation Administration (FAA) after a capsule flight in July deviated from its approved path. After an [...]