Trader sues UBS over stress induced mental health issues – CityAM : CityAM September 22, 2021 A UBS Group trader is suing his employer claiming the “toxic” London work environment and “punishing workload” caused his mental health to deteriorate. Simon Rope, who has been unable to work since suffering a breakdown in 2018, is claiming upwards of £200,000 for negligence over an anxiety disorder which was caused by “the stress to [...]
Covid-19 vaccine maker Oxford Biomedica posts “record” revenue surge September 22, 2021 Gene and cell therapy group Oxford Biomedica has recorded “record” results in the past six months, boosted by its Covid-19 vaccine manufacturing with AstraZeneca. Revenue surged 139 per cent to £81.3m in the six months to 30 June, from £34m in the same period last year – mainly due to its bioprocessing and commercial [...]
FRC calls for businesses to better report longer-term viability for investors September 22, 2021 The Financial Reporting Council (FRC) has called for businesses to better report their longer-term viability and liquidity to investors – particularly during times of economic uncertainty. It forms part of the financial watchdog’s findings in a review of companies’ viability and concern disclosures amid the Covid-19 pandemic, which has pushed heightened levels of market [...]
Good day: Dapper Labs raises $250m and strikes deal with La Liga September 22, 2021 The company behind NBA Topshot, Dapper Labs, has closed a $250m (£183m) funding round and announced a new deal with the Spanish football league. In addition to creating some of the NFT world’s most popular games Dapper Labs has built its own blockchain, known as Flow, to process high transaction volumes at speed. Today’s funding [...]
Lord Mayor calls on financial regulators to focus on innovation and sustainability September 22, 2021 Lord Mayor of the City of London, William Russell, will tonight (22 September) deliver a speech at the City Dinner at The Mansion House to an audience of senior regulators and representatives from across the financial and professional services industry. Lord Mayor William Russell will speak alongside Sam Woods, Deputy Governor of the Bank of England [...]
Boris Johnson tells France to ‘donnez-moi un break’ over AUKUS sub deal September 22, 2021 Boris Johnson has told France “prenez un grip” and donnez-moi un break” over the trilateral deal between the UK, US and Australia to build new nuclear submarines. Johnson appeared to mock the French for their furious response to the AUKUS nuclear submarine deal, which saw Australia renege on a £50bn deal with Emmanuel Macron’s government. [...]
Boris Johnson says US is ‘not doing free trade deals right now’ September 22, 2021 Boris Johnson has conceded that the US is “not doing free trade deals around the world right now”, but insisted there is still a “great deal to be done”. Johnson has been under pressure during his trip to New York and Washington, DC this week as it has become clear that a post-Brexit trade deal [...]
Good day: Dapper Labs raises $250m and strikes deal with La Liga : CityAM September 22, 2021 The company behind NBA Topshot, Dapper Labs, has closed a $250m (£183m) funding round and announced a new deal with the Spanish football league. In addition to creating some of the NFT world’s most popular games Dapper Labs has built its own blockchain, known as Flow, to process high transaction volumes at speed. Today’s funding [...]
Small energy suppliers Green and Avro cease trading after pleading for support September 22, 2021 Green and Avro have announced they are leaving the energy market and will cease trading. The announcement from Green came just one day after it was reported the firm had lined up insolvency advisers. The supplier said it was “exiting the market due to the government failing to provide any support to smaller energy suppliers,” [...]
British food industry to be hit by five fold increase in CO2 prices September 22, 2021 The government has announced that the British food industry faces a “sharp rise” in the cost of CO2, a crucial component of food and drink production. Gas prices have surged forcing UK fertiliser plants to shut in recent weeks, leading to a shortage of CO2 used to make drinks and beer fizzy and to stun [...]
