Rolls-Royce set to sell ITP Aero to Bain ‘for €1.6bn’ August 4, 2021 Rolls-Royce has entered exclusive talks to sell its Spanish unit ITP Aero to a consortium led investment house Bain Capital for a rumoured €1.6bn (£1.5bn). The FTSE 100 engineer is looking to raise £2bn from selling off various assets in a bid to restore its balance sheet after the travails of the coronavirus pandemic. ITP, [...]
Battle brewing over ‘unreformed and generous’ TfL pension scheme August 4, 2021 Sadiq Khan is gearing up for a battle with Transport for London (TfL) staff after a report on the transport operator’s finances found its pension scheme was “expensive, unreformed and generous”. According to the Telegraph, advisers to London’s Mayor have said that the current scheme is more beneficial for workers than models used by Network [...]
Croydon tram crash: Families make official call for new inquest August 4, 2021 The families of the victims of the Croydon tram crash have made a formal request for a fresh inquest into the incident, after last month’s verdict was slammed as a “total farce”. In July the jury ruled that the seven deaths were the result of an accident after the coroner did not call representatives of [...]
Wagatha Christie: Jamie’s phone could be probed in Rebekah Vardy’s libel battle with Coleen Rooney August 4, 2021 Footballer Jamie Vardy’s phone may now be inspected as part of his wife Rebekah’s libel battle with Coleen Rooney, a judge at the High Court has ruled. Rooney accused Vardy of leaking “false stories” about her private life in October 2019 after carrying out a months-long “sting operation”. The wife of former England star Wayne [...]
West End boss reiterates calls for extended Sunday trading hours August 4, 2021 New West Company End Company has called on the Government for continued support to help the area as post-pandemic trade rebuilds. The company wrote to business minister Kwasi Kwarteng earlier this spring to ask for the West End and Knightsbridge international centres to be added to the list of exemptions in the 1994 Sunday Trading [...]
HSBC bans UK customers from making payments to Binance August 4, 2021 HSBC has announced it will stop UK customers from making payments to Binance, the world’s largest cryptocurrency exchange, “wherever possible.” In a message sent to customers on Tuesday HSBC said, “we’ve taken this decision due to concerns about the possible risks to you. We take our duty as a responsible lender seriously and want to [...]
Robinhood shares surge to post-IPO high in turbulent week for trading August 4, 2021 Robinhood, the trading platform made famous by the GameStop incident in January 2021, has seen its share price surge after a disappointing initial public offering. Last week the trading app sold 20 and 25 per cent of shares to its own customer base during a lacklustre IPO which saw the company’s market cap fall by [...]
Slowing US labour market recovery tempers Wall Street August 4, 2021 US shares dropped sharply on Wednesday morning after weaker than expected payrolls data tempered investor sentiment. The blue-chip S&P 500 dipped 0.42 per cent to 4,404, while the Dow Jones was clipped 0.78 per cent to 34,848. The tech-heavy Nasdaq edged down 0.06 per cent 14,752. Read more: Demand ‘peaks’ as US services recovery slows [...]
Private Covid travel tests: Overpriced, unavailable and unaccredited? August 4, 2021 Private Covid PCR test providers will come under investigation from the UK’s advertising watchdog and the government for their hugely variable pricing, while only a fraction can claim to be fully accredited. Government health officials are to carry out an audit of the 420 listed PCR test providers on the gov.uk website and plan to [...]
London hailed as world’s ‘city of choice’ in quality of life report August 4, 2021 London has topped the rankings out of 80 cities around the globe for a higher quality of life and social capital, according to a new report. The mammoth survey by Boston Consulting Group analysed responses from 25,000 residents in 80 cities around the world and using over 150 metrics. The UK’s capital won the title [...]
