Australian bank Macquarie places £1bn bet on UK rental housing market June 30, 2021 Australian bank Macquarie is betting on the UK rental housing market with the creation of its new business that is planning to invest over £1bn, according to reports. The bank’s asset management arm is eyeing London to buy, develop and operate multi-family housing complexes, as well as other cities across the country, it said in a [...]
Lockdown birthdays whip up 84 per cent online sales surge at Cake Box June 30, 2021 Cake Box whipped up a revenue of £21.9m, the company said this morning, as its online sales surged 84 per cent. The company’s revenue rose 16.9 per cent in the year to 31 March, up from £18.7m the year prior. Overall profits lifted 23.8 per cent, buoyed by the desire for a sweet treat in [...]
Steel industry to write off up to $70bn in assets if it keeps betting on coal, report says June 29, 2021 As the world gears up towards net zero, the global steel industry may have to write off up to $70bn in assets, a report has cautioned. The report by think tank Global Energy Monitor (GEM) warned the lofty figure is due to the industry continuing to build new blast furnaces using coal that will become [...]
House prices: Growth rates surge across UK, with London homes averaging £509,000 June 29, 2021 UK house prices: Growth rates surge across UK, with London homes averaging £509,000
Whitty may be offered police protection after public harassment June 29, 2021 Police have launched an investigation to find two men caught on video harassing England’s chief medical officer Chris Whitty. The video, caught on a mobile phone, shows Whitty being grabbed by men in a park in London as the chief medical officer (CMO) attempts to cross the road. Home Secretary Priti Patel branded the harassment [...]
United Airlines confirms $30bn aeroplane order for 270 jets June 29, 2021 United Airlines has officially confirmed it is placing an over $30bn aeroplane order for around 270 Boeing and Airbus jets today, after a flurry of reports regarding the deal yesterday. After plane prices fell amid the pandemic, the airline sought favourable prices to boost its pandemic recovery, Reuters first reported. The order includes 200 Boeing [...]
Norwegian Air slammed for dishing out bonuses weeks after court-ordered restructuring June 29, 2021 Norwegian Air has been slammed by Norway’s industry minister today for dishing out bonuses to top management just weeks after emerging from court-ordered bankruptcy proceedings. The budget airline emerged from a comprehensive restructuring process at the end of May, raising around $705m for it to exit bankruptcy protection. “That shows poor judgment,” Norwegian trade and industry [...]
Danske Bank launches UK’s first carbon-neutral mortgage June 29, 2021 Danske Bank has launched the UK’s first carbon-neutral mortgage, to tackle emissions generated throughout the mortgage life cycle. The mortgages, certified as carbon neutral by the Carbon Trust, will ensure physical paperwork is limited and recycled in Danske’s offices. The Carbon Trust calculated that each mortgage produces around 96kg of carbon, equivalent to driving 241 [...]
Revolution Beauty eyes float on London’s junior market June 29, 2021 Makeup group Revolution Beauty is plotting a float on the London Stock Exchange’s junior AIM market, it said in a statement today, having agreed to a £90m share placement. Expected to take place in July, the float will see Jupiter Asset Management pledge the £90m. A final figure for the float is yet to be [...]
Purity Hemp Company becomes first CBD company to partner with PCA June 28, 2021 Cannabinoid company Purity Hemp Company has agreed to a two-year partnership with the Professional Cricketers’ Association (PCA) and its charity to supply members with CBD products. The CBD products, which are naturally sourced from the hemp plant, has been reported to help speed up muscle recovery and optimise the overall heath and well-being for athletes. [...]
