Credit Suisse may bow out of leading Olam’s food London listing September 13, 2021 Credit Suisse may reportedly bow out of leading Olam’s food ingredients listing in London, after turning down a loan request. The beleaguered Swiss bank chose not to take part in loan facilities Olam raised in August, Bloomberg first reported, citing people familiar with the matter. Credit Suisse was joined by Citigroup and JPMorgan Chase & [...]
Bitcoin steadies in the water as global markets continue to look fearful September 13, 2021 Bitcoin continues to hold steady around the $45k level this morning, where it traded for most of the weekend.
First Group shares up as bus firm confirms £500m payout September 13, 2021 Shares in transport operator First Group rose 4.0 per cent this morning as the firm confirmed it would return £500m to shareholders through a tender process. In a statement ahead of today’s AGM, the FTSE 250 firm said that it was trading in line with expectations for the year so far. It said that bus [...]
Beijing turns up heat on data holding firms, seeking to divide Ant Group’s Alipay September 13, 2021 Beijing regulators, who are acting increasingly hawkish around sensitive data firms, are reportedly seeking to break up Ant Group’s loans business Alipay to form a separate app instead. Under the proposal, Jack Ma’s Ant Group will hand over its user data to a new credit scoring joint venture with state-backed firms, the Financial Times first [...]
Traffic Chaos: M25 blocked by climate protestors during rush hour September 13, 2021 Frustrated drivers were seen clashing with climate protestors after a demonstration brought traffic on the M25 to a standstill during rush hour. Tens of thousands of motorists trying to use the UK’s busiest motorway were delayed by activists from Insulate Britain this morning who sat in the road holding banners. The group is calling on [...]
Valneva share price plummets after UK government terminates contract September 13, 2021 The UK government has terminated a supply agreement with the French-Austrian vaccine company, Valneva, causing share price to drop by as much as 45 per cent. The government ordered 100 million doses of Valneva’s Covid-19 vaccine, increasing its request by 40 million in February. The contract supported 100 jobs at the company’s vaccine production site [...]
UK firms bank on London’s status as top financial centre September 13, 2021 More than two thirds of the UK’s financial firms believe that London will retain its status as one of the world’s leading financial centres after Brexit. When Britain completed its exit from the EU in December last year, it divorced from its biggest single export customer, casting doubts over its status as a leading global [...]
Getlink to launch new cross-Channel rail freight service September 13, 2021 Getlink has today announced that it will launch a new rail service which will allow freight to cross the Channel totally unaccompanied. The firm, which manages and operates the infrastructure of the Channel Tunnel between England and France, will open the new service on 18 September. The new service, which will operate six days a [...]
Rolls-Royce and Babcock sell stakes in RAF refuelling business for £315m September 13, 2021 Industrial heavyweights Babcock and Rolls-Royce today sold off their respective stakes in Air Tanker, the company which owns the RAF’s fleet of refuelling planes. The two firms, which owned a combined 40 per cent of Air Tanker, are both on something of a disposal spree after taking a hefty hit from the pandemic. Rolls-Royce, which [...]
Heathrow now 10th busiest European airport as passenger slump goes on September 13, 2021 Heathrow Airport has this morning urged ministers to streamline the UK’s travel restrictions as it revealed it had fallen to 10th on the list of Europe’s busiest airports. It said that passenger numbers at the airport last month were down 71 per cent on pre-pandemic levels. It blamed the ongoing slump on “ever-changing restrictions, expensive [...]
