City helps UK pull ahead of rivals to be Europe’s top destination for investment in financial services
Sajid Javid defends the march back to the office despite SAGE warnings September 15, 2021 Health secretary Sajid Javid has defended the march back to the office after government scientific advisors warned it could trigger a spike in infections. Ditching work from home advice could push daily hospital admissions to rise to 7,000 by next month, experts advising the government’s Scientific Advisory Group for Emergencies (SAGE) warned yesterday. However, the [...]
Universal Music boss Lucian Grainge locks eyes on $150m IPO pay out September 15, 2021 Universal Music’s stock market debut next week it set to land its boss Lucian Grainge an around $150m pay out, while he also cashes in on his Tencent investment. The British record label mogul, who nearly died of Covid-19 last year, is to receive the $150m through a “transaction bonus”, if the listing secures a [...]
Apple shares unmoved by release of new iPhone 13 September 15, 2021 Apple unveiled its fresh iPhone models last night, which mirror last year’s editions and left its share price unmoved. The technology giant’s shares dipped 0.96 per cent to 148.12 cents a share by market close yesterday. It’s share price closed at 149.55 cents a share the day prior to the release. Similar to last year’s [...]
Cash strapped Chinese property giant Evergrande battles $300bn in liabilities September 14, 2021 Chinese property giant Evergrande has admitted it is under “tremendous pressure” not even a year after its $1.8bn Hong Kong stock exchange float. The beleaguered firm is battling more than $300bn in liabilities, following years of borrowing to fund its rapid expansion. The property group achieved the lower end of expectations, raising $1.8bn from the [...]
Mixed Covid-19 messages ‘cannot define this winter’ for business, says London First chief September 14, 2021 The boss of London First has urged the government not to allow mixed messages to define the upcoming winter for businesses, following the health secretary’s Covid-19 plan earlier today. Health secretary Sajid Javid said that the government intends to dodge winter restrictions by allowing booster jabs for those over 50 and vaccinations for 12 to [...]
Vaccine minister: ‘We have a right to cancel’ the 140m Valneva jabs order September 14, 2021 Vaccine minister Nadhim Zahawi has said that the government had “a right” to quash its Covid-19 vaccine deal with French pharmaceutical firm Valneva. Health secretary Sajid Javid agreed, saying in the government’s Covid-19 autumn and winter plan this afternoon: “There are commercial reasons that we have cancelled the contract. “The vaccine in question would not [...]
Global economic activity is pulling away from Europe and the UK must follow, says Truss September 14, 2021 The UK will need to shift its trade focus to Asia, as the centre of global economic activity gravitates away from Europe and towards the east. By the end of this decade, three of the world’s largest four economies will be in the Indo-Pacific region, according to the Department for International Trade (DIT). In a [...]
Vivendi and Universal Music Group to split during €33bn Amsterdam IPO September 14, 2021 Vivdendi’s Universal Music Group, the music company behind Lady Gaga and the Rolling Stones, will split up during its €33bn initial public offering (IPO) set to land next week. Universal’s IPO will see it sever its ties with Vivendi, after dishing out 60 per cent of its shares to Vivdeni shareholders. The music group’s shares [...]
Hot under the collar: Ocado pins revenue tumble on warehouse fire September 14, 2021 Online supermarket Ocado has pinned a revenue dive over the last quarter on a fire at one of its London warehouses, in its latest trading update today. The fire, at its south London Erith Customer Fulfilment Centre in July, cost Ocado some £35m in revenue, it said in a statement – the equivalent of 300,000 [...]
Johnson: Booster Covid-19 jabs for over 50s ‘going ahead’ September 14, 2021 A third booster jab is to be offered to over 50s in the upcoming months, prime minister Boris Johnson confirmed last night. It is expected that all over 50s will be offered a third Pfizer/BioNTech jab at least six months after their second dose, beginning with those over the age of 70 and the most [...]