‘Open economy’ backers Fabric Ventures announces $130m fund July 29, 2021 A venture manager that backs ‘open economy’ founders, has today announced a new 2021 fund worth $130m (£93m) – the biggest of its type in Europe. The fund is backed by $30m from the European Investment Fund (EIF) and its partners include Niklas Zennstrom’s venture firm Atomico, Mike Novogratz’s Galaxy Digital, DCG and the founders [...]
Why whisky and walking makes for a wonderful weekend July 29, 2021 Whisky conjures images of smouldering log fires or grand old houses in the Scottish highlands. But two London-based whisky enthusiasts hope to make new associations, including leafy green parks and trendy shopping neighbourhoods. Karen Taylor and Matt Chambers, the founders of the Whisky For Everyone blog, have launched North London Whisky Club walking tours, with three events [...]
Astrazeneca mulls offloading Covid vaccines unit even as total revenues soar above $15bn July 29, 2021 UK-listed Covid vaccine maker Astrazeneca today admitted it’s considering offloading its vaccines unit even as it cheered a 23 per cent revenue rise to $15.5bn for the first half of 2021 – boosted in part by orders for the preventative measure. A senior executive confirmed to Reuters that it is reviewing the future of the [...]
Mastercard profits jump more than a third as easing Covid restrictions boost spending July 29, 2021 Mastercard beat expectations and posted a 36 per cent rise in profits in the second quarter, buoyed by an overall increase in spending as vaccine rollouts accelerated, lockdowns lifted and travel picked up. Adjusted net income rose 36 per cent to $1.9bn from $1.4bn in the same period last year. Corresponding earnings per share reached [...]
Proof-of-stake gives us a real opportunity for change July 29, 2021 Pete Hill of Cudos - a sponsor of the Crypto AM 3rd birthday and summer unlocking party - explains why now is the time to embrace blockchain.
US economic growth falls short of expectations July 29, 2021 The US economy is rebounding sharply from the damage inflicted on it by the Covid crisis, but output growth is falling well below analysts’ expectations, new figures released today reveal. The Commerce Department estimated the US economy grew at an annualised rate of 6.5 per cent in the second quarter of this year, driven by [...]
Westminster Holocaust memorial approved by government July 29, 2021 The government has approved the Westminster Holocaust memorial after years of wrangling and disagreements over its design and placement. Housing minister Christopher Pincher announced today that the plans had been approved by the Ministry of Housing, Communities and Local Government (MHCLG) after approval powers were taken away from Westminster Council last year. The memorial will [...]
Green and pleasant land? The future of cannabis use in the UK July 29, 2021 Smoking as a social activity suffered a heavy blow around 15 years ago. Between 2006 and 2007, the four parts of the United Kingdom brought in new laws prohibiting smoking in public places, with Scotland being the first to take the leap. I bear a sliver of responsibility: I worked for the House of Commons [...]
Rentokil’s shares soar as it ups dividend by a third following strong performance July 29, 2021 Pest control and hygiene group Rentokil Initial reported a strong performance today in its 2021 interim results, and announced they will increase dividends by over a third. The British company will up dividend payments by 38 per cent to 2.09p per share, raising the amount payable to shareholders to £38.9m on 13 September. Proving services [...]
Foxtons’ best results in five years prompt real estate giant to reinstate dividend July 29, 2021 Estate agent Foxtons has delivered its best results in five years, boosted by a pandemic-induced resurgence in London’s property market after years of weak results. The sales and lettings agency announced it made £66.9m in revenue in the first half of 2021, a 66 per cent increase compared to the same period in 2020 and [...]
