SpaceX’s mega-rocket Starship could make or break space industry, say experts January 18, 2022 The rise of mega-rockets, such as SpaceX’s Starship, could make or break the ‘New Space’ industry, according to experts. Countries including South Korea, Japan, India and UAE are planning to launch their first missions the Moon, which will require the use of so-called mega-rockets. “Public enthusiasm for space will remain high with the launch of [...]
London-based Juro snags $23m in Series B funding round January 17, 2022 Legal tech contract Juro has snagged $23m (£16.8m) in its latest Series B funding round, led by the backers of Alibaba and Cazoo. The London-based contract automation platform, whose existing investors include Wise co-founder Taavet Hinrikus, is set to use the extra capital to scale up the business. The latest investment brings Juro’s total raised [...]
Funeral costs fall as half of Brits look to dial back on spend January 17, 2022 Funeral costs have fallen for the first time in 18 years as Brits take on a new pandemic-era mentality to spend more money on living, rather than dying. The average cost of a basic funeral has shrunk 3.1 per cent to £4,056 since 2020. While the average price in London sits at £5,358. Even [...]
‘Normal life’ is just around the corner, says Pfizer boss January 17, 2022 The boss of famed vaccine maker Pfizer expects that the world will soon return to “normal life”, as restrictions in the UK continue to fall away. The government has today introduced the five-day isolation period to replace the former 10-day rule, as long as those self-quarantining have a negative Covid-19 test. While tests are also [...]
TfL spend remains half of pre-pandemic levels in first week back to work January 17, 2022 Cash spent on Transport for London’s (TfL) network is still half of what pre-pandemic levels were in the new year’s first week back to work, according to new data shared exclusively with City A.M. However, many commuters are choosing to ignore the government’s work from home guidance, compared to last January when the country was [...]
Fridays owner Hostmore remains on track despite Omicron cancellations January 17, 2022 Hostmore, which owns Fridays, has confirmed that its earnings and new site pipeline are on track despite weaker trading over the festive period. The hospitality firm’s board expects earnings before interest, taxes, depreciation and amortisation for the year to January 2 to be “well ahead” of £18.6m. London-listed Hostmore, which also owns cocktail bar [...]
Employees taking bosses to court over flexi-work requests jumps over 50 per cent January 17, 2022 An increasing number of employees have begun taking their bosses to court after refusing flexible working requests, according to new research today. Employment tribunal decisions on a mixture of remote and office-based working have jumped more than 50 per cent in the past year to 193, employment law firm GQ Littler has found. Some 127 [...]
‘A real tower of strength’: City grandee Paul Myners dies aged 73 January 16, 2022 City grandee Paul Myners, known as a steady ship in the capital’s financial affairs, has died at the age of 73. The former Labour minister was brought into Gordon Brown’s government to help tackle the financial crisis of 2008, after making a name for himself in the fund managing space. Former prime minister Brown called [...]
Netflix revenue forecast for growth despite encroaching competition January 16, 2022 Netflix’s revenue has been forecast for growth this week, despite its share price tumbling from its record high in November. Revenue is expected to come in at $7.7bn, according to chief market analyst at CMC Markets Michael Hewson, after the streaming giant secured $7.4bn in its third quarter. However, profits are anticipated to be lower, [...]
Covax scheme hits 1bn vaccine deliveries despite supply chain struggles January 16, 2022 The global Covax scheme, which ships Covid-19 vaccines to low-income countries, has delivered one billion jabs as of today. The UN-backed programme has been knocked by disrupted supply chains and “catastrophic outbreaks” locking up supply, according to the World Health Organisation (WHO). Vaccine stockpiling and “hoarding” in wealthier countries has also hindered its progress, the [...]
