One night in Bangkok (quarantine): Thailand reopens to UK tourists November 1, 2021 After nearly two years of all but a trickle of foreign arrivals, Thailand is reopening to mass tourism, with travellers required to spend just one night in quarantine while they await Covid test results. Hundreds of vaccinated foreign tourists this morning arrived in the Thai capital for quarantine-free travel after the Southeast Asian nation approved [...]
Liz Truss gives France 48 hours to back down in fishing row November 1, 2021 Foreign secretary Liz Truss has set France a 48-hour deadline to reconsider its threats to the UK over fishing row, before the UK takes legal action. Truss accused France of making “completely unreasonable threats,” and behaving “unfairly,” in an interview with Sky News, which first reported the news, at the COP26 climate change summit in [...]
Celebrity details leaked after London jeweller hacked November 1, 2021 London-based jeweller Graff has been attacked by a ransomware gang, with cyberhackers stealing celebrity clients’ details. Russian group Conti – who are known for launching attacks on hospitals and government departments – are thought to have demanded millions of pounds in ransom. The group has already leaked around 69,000 confidential documents on the dark web, [...]
Ryanair posts first profit since Covid but mulls London delisting November 1, 2021 Budget airline Ryanair has reported its first quarterly profit since the start of the pandemic, with shares going up to €16.96 compared to €16.46 registered earlier this morning. However, the Irish-based group said it still expected to post an annual loss of up to €200m (£195.4m) as it would need to discount tickets this winter. [...]
Scandal-beset Credit Suisse to present early strategy update November 1, 2021 Credit Suisse will provide an update, earlier than expected, on the group’s strategy review this Thursday, following a series of high-profile scandals which has left the Swiss lender reeling. The review into the banking giant’s culture and risk management, promised by chairman Antonio Horta-Osorio, will follow the bank’s third-quarter results at an investor event in London. [...]
Return to high street aids leasing boost for Capital & Regional November 1, 2021 London-based mall owner Capital & Regional said it has seen strong momentum driving its leasing activity as shoppers flock back to high streets. September was also its best month on month comparison versus 2019, after lockdown rules were gradually eased earlier this year. In the three months to the end of September, the firm completed [...]
ProCook sets IPO price range up to £200m November 1, 2021 UK kitchenware brand ProCook has today set a price range for its planned IPO which gives the retailer an estimated market capitalisation up to £200m. The company announced a price range for shares between 137p to 185p, making its estimated market capitalisation between £150m and £200m. ProCook said 40 per cent of the company’s issued [...]
Jes Staley out at Barclays: CEO leaves bank after report comes out of Epstein links – CityAM : CityAM November 1, 2021 Barclays boss Jes Staley will leave the bank with immediate effect. The bank’s board saying it is “disappointed” with the outcome of the City watchdog’s report into his links to the late convicted sex offender Jeffrey Epstein. The bank said it was made aware on Friday night of the preliminary conclusions from the FCA’s investigation, [...]
COP26: Meaningful action or a load of hot air? November 1, 2021 City of London Corporation policy chair Catherine McGuinness urged on Friday that we must “ensure that COP26 is about action, not just ‘blah blah blah’,” if we are to finance the transition to net zero and meet the challenge Greta Thunberg has thrown down to us. Her call for meaningful action follows the UN’s weather [...]
Dealmakers brace themselves for 2022 surge in UK M&A November 1, 2021 A survey of top dealmakers has revealed widespread conviction that the number of M&A deals in the UK will surge in the next 12 months, driven by an uptick in distressed deals as well as an expected flurry of activity in the TMT sector. After the number of mergers and acquisitions involving UK companies dipped [...]
