Yodel reports most successul year yet after online retail rockets August 13, 2021 Delivery group Yodel has reported its most successful year on record as shoppers turned online during the pandemic. The Liverpool-based company said total volumes had grown by 28 per cent in the twelve months to June 2021 compared to 2020. There was a 12 per cent overall increase in volumes in the last quarter to [...]
Datasite executive Merlin Piscitelli on the UK’s fintech funding boom and the future of M&A August 13, 2021 British fintech investment across M&A deals, private equity (PE) and venture capital (VC) has boomed as the country emerges from the pandemic, soaring in the first six months of 2021 to four times the $5.9bn invested during the whole of 2020. Investment in UK fintech has reached an all-time high as firms in the industry [...]
Gunman killed five before turning gun on himself in Plymouth shooting August 13, 2021 A gunman and five victims have died in a mass shooting that took place in the Keyham area of Plymouth last night. Devon and Cornwall Police released a statement confirming that two females and the three males, including the suspected gunman, had died at the scene. Another female, treated at the scene for gunshot wounds, [...]
EU exports to Britain jump as trade surplus widens August 13, 2021 Exports to Britain from the European Union jumped over the last month helping to widen the bloc’s trade surplus, according to official figures released today. Figures from Eurostat, the EU’s official statistics agency, show exports to Britain rose 4.7 per cent in June compared to May, despite the UK leaving the EU’s single market at [...]
Plymouth shooting: Suspect’s hate-filled Youtube account taken offline August 13, 2021 A hate-filled Youtube account belonging to the suspect in a mass shooting that killed five people in Plymouth yesterday has been taken offline. The account, named Professor Waffle, included a number of videos by 23-year-old Jake Davison, who has been named locally as the gunman. It has now been removed and the page shows a [...]
Apple child protection features spark concern among its own staff August 13, 2021 Apple employees have spoken out internally about privacy concerns over the firm’s move to scan US customer phones and computers for child sex abuse images as protests over the new feature intensify, it is reported. More than 800 messages were shared between Apple staff across several days on an internal Slack channel, sources told Reuters, [...]
UK’s OneWeb secures $300m from South Korean business giant Hanwha August 13, 2021 UK satellite firm OneWeb has bagged a $300m investment from one of South Korea’s largest business groups. Hanwha, a conglomerate which deals in businesses ranging from retail to explosives, has also secured an 8.8 per cent stake in the satellite company. The investment suggests that OneWeb could be teetering on a $3.4bn valuation, according to [...]
Fed to provide clues on bond buying tapering next month August 13, 2021 Experts expect the Federal Reserve to announce its plan to wind down its ultra-loose monetary policy measures launched in response to the Covid crisis next month. Nearly two thirds of economists polled by Reuters think the US central bank will outline how it will taper its asset purchases at the next meeting of the Federal [...]
Crypto AM Friday with Jason Deane August 13, 2021 Crypto at a Glance with Jason Deane While lawmakers in the US continue to wrangle over details of the Infrastructure Bill containing the crypto legislation, China kicks out the last of the Bitcoin miners and almost all nations continue to print money at an unprecedented rate, Bitcoin just keeps quietly building and expanding in the [...]
DoorDash swings to loss in second quarter since IPO August 13, 2021 Aggressive expansion into a crowded global grocery delivery market plunged SoftBank-backed DoorDash into a wider than expected loss in the second quarter since its December 2020 IPO. The NYSE-listed food delivery firm reported a net loss of $102m in the second quarter, wider than the $74.6m loss Wall Street had been expecting. This translated to [...]
