ITM Power runs a loss from operations of £26.7m in FY21 September 13, 2021 ITM Power, a company which manufactures hydrogen energy solutions, has announced meagre results for FY 2021, running a loss from operations of £26.7m. While sales revenue jumped 30 per cent year on year to £4.3m, adjusted EBITDA losses increased by 18 per cent to stand at £21.4m. Total revenue and project grant funding stood at [...]
Over 300,000 travellers may have breached Covid-19 quarantine rules September 13, 2021 More than 300,000 travellers arriving in England or Northern Ireland may have breached mandatory quarantine rules just before the height of the Delta variant spike. Some 300,000 cases were handed to investigators between March and May this year, according to the BBC, while the government was unable to say how many cases were found to [...]
Scrap travel restrictions for fully vaccinated people, aviation industry begs September 13, 2021 Representatives for the aviation industry have written to Grant Shapps to demand that travel restrictions be scrapped for those who are double vaccinated. In a letter to the Transport Secretary, Airlines UK and the Airport Operators Association (AOA) said that the UK was lagging behind the rest of Europe in terms of the sector’s recovery. [...]
Cressida Dick should go and her successor needs to jump-start the police force September 13, 2021 Even a palate jaded by the madness of modern Britain will have found piquancy in Dame Cressida Dick’s two year extension to her term as Commissioner of Police of the Metropolis. Dame Cressida will stay in his position until 2024. She has been the UK’s senior police officer since 2017, is the first woman to [...]
City of London Corporation: It’s time to get back to the office September 13, 2021 What have you missed the most? Your favourite lunchtime spot, taking in world class architecture on the morning commute or, perhaps, simply talking to colleagues in person rather than over a screen? For many City workers, it felt like the start of a new school term as they returned to Square Mile – in some [...]
Flight to cities to boost London businesses’ profitability September 13, 2021 Changes to working patterns and companies flocking to cities as the spectre of Covid recedes will boost London businesses’ profitability, according to fresh analysis published today. Research conducted by accountancy firm KPMG shows an influx of new, fast growing businesses into the capital will drive productivity and overall profitability levels up in London. Office occupancy [...]
Kape and ExpressVPN agree near $1bn deal after pandemic fuels cybersecurity demand September 13, 2021 Cybersecurity firm Kape has agreed to a nearly $1bn buyout of private network operate ExpressVPN ahead of a capital rally to help fund the deal. The deal, worth around $936m (£676m), should see the enlarged group’s annual revenue climb to as much as $624m next year. Kape is set to raise some $354m through [...]
FTSE 100 rebounds as easyJet nosedives September 13, 2021 London’s FTSE 100 index has climbed by 0.64 per cent today, up 45 points higher than the previous close at 7,074.07, after being boosted by financial stocks. Banking giants saw strong gains today with Lloyd’s Group up 2.6 per cent, Standard Chartered Bank lifted by 2.4 per cent and Barclays PLC climbing 2.2 per cent. Meanwhile, investment [...]
CBI warns of rising taxes and stagnant business investment under Boris Johnson September 13, 2021 One of the UK’s most influential business groups has cautioned Boris Johnson about recent tax rises, warning that he must concentrate more on stoking business investment post-Covid. CBI director-general Tony Danker will tomorrow tell the Alliance Manchester Business School that a “return to business as usual in our economic policy, at this unique moment in [...]
Liz Truss to speak to India commerce minister tomorrow about trade deal September 12, 2021 International trade secretary Liz Truss will meet her Indian counterpart tomorrow to outline the timetable for negotiations for a UK-India trade deal. Truss will meet with India’s minister for commerce and industry Piyush Goyal, after the consultation period for the UK-India deal finished on 31 August. The two sides are hoping to commence negotiations for [...]
