Cobham and Ultra Electronics reach £2.6bn deal with UK jobs guarantee to assuage ministers August 16, 2021 The boards of Cobham and Ultra Electronics have agreed terms of a £2.6bn takeover deal, that caused national security concerns for Business Secretary Kwasi Kwarteng last month. Cobham said the board at defence and engineering firm Ultra had backed backed the 3,500p per share that values it at £2.57bn. Shares in Ultra jumped out of [...]
Clipper Logistics offers 200 new jobs after John Lewis contract win August 16, 2021 Clipper Logistics today said it has signed a new contract with John Lewis which promises to create 200 new jobs. Clipper said it will provide additional e-commerce and store replenishment services to the UK department store chain from its new distribution centre. The Leeds-based company, which provides value-added logistics solutions, e-fulfilment and returns management services [...]
Convicted Libor rigger unable to open a bank account after prison term August 16, 2021 Tom Hayes, who was convicted for rigging Libor interest rates, has said he cannot get paid after seven banks have barred him from opening an account. The former City trader was found to have acted dishonestly in trying to risk the benchmark interest rate while at UBS and Citigroup between August 2006 and September 2010. [...]
HSBC buy Axa’s Singapore operations in bid to boost Asia fee income August 16, 2021 HSBC has agreed to acquire Axa’s Singapore operations in a bid to boost its fee incomes in the Asia market. HSBC said in a statement that the combined unit comprising HSBC Life Singapore and Axa Singapore would be the seventh-largest life insurer and the fourth-largest retail health insurer in Singapore. HSBC currently ranks 10th in [...]
The spy case in Berlin is a reminder that money will always be the greatest temptation and weapon August 16, 2021 Spying almost always makes headlines whenever it hoves into public view. There is something inherently fascinating about the idea of nations engaged in cloak and dagger operations against one another, trying to find a weak point they can exploit for their own advantage. All the more so when an intelligence service employs dramatic tactics like [...]
Cardano takes the third spot by market cap – Solana has breakout soaring 42% in last 24hrs August 16, 2021 Cardano leads the charge as the total market cap of all cryptocurrencies returns above $2 trillion.
Boris Johnson to chair Cobra meeting today as UK tries to get nationals out of Afghanistan August 16, 2021 Boris Johnson will hold a Cobra meeting at 12.30pm today as the government tries to get thousands of UK nationals and foreign visa holders out of Afghanistan. Number 10 said the current focus was on getting hundreds of people out of Kabul each day as the security situation becomes more dangerous in the Afghani capital. [...]
Three companies that are on major hiring sprees right now August 16, 2021 If you’re currently on the lookout for a new and exciting job, we have some pretty good news for you. We’ve noticed a real spike in the amount of jobs popping up on our brilliant job board lately. Incredible companies in London (and beyond, if you feel like a new adventure) are on hiring sprees [...]
Psychedelic medicines start up raises £58m August 16, 2021 An Oxford based company which uses psychedelic medicines to treat neurological disorders has completed an oversubscribed £58m funding round. Beckley Psytech today announced that their Series B financing round had to be upsized from $50m (£36m) to $80m on account of investor demand. The funding will be used to complete an ongoing trial which uses [...]
Pingdemic: relaxation of self-isolation rules for double jabbed August 16, 2021 From today, fully vaccinated adults who are pinged by the NHS’s test and trace system will no longer need to self-isolate. In England and Northern Ireland, new rules come into effect for those under 18 or who have been double jabbed and are pinged by the app for being identified as close contact. If contacted [...]
