London Stock Exchange Group sees profits recover from 2020’s wave of pandemic uncertainty August 6, 2021 The London Stock Exchange Group (LSEG) has seen its total profits recover in response to pandemic uncertainty which rocked its financial markets in the first half of 2020. Total profit hit £2.7bn in the six months to 30 June, up from just £914m in the first half of last year when the stock market faced [...]
‘No parade, no protest’: London Pride cancelled due to Covid restrictions August 6, 2021 This year’s Pride celebrations in London have been cancelled due to Covid-19 restrictions, the event’s organisers have confirmed. The flagship LGBTQ+ event, which was first postponed from 11 June to September, had been expected to attract some 35,000 people. Organisers, who performed risk assessments for the event, said the parade could not be held within [...]
CEO Roger Burnley exits Asda early after £6.8bn acquisition August 6, 2021 Asda has today announced that CEO Roger Burnley has left the company in the midst of its transition to new ownership. Burnley is leaving just months after the UK’s third biggest supermarket group was purchased by the billionaire Issa brothers and the private equity group TDR Capital for £6.8bn. In the process the Issa brothers [...]
Vaccine race: Chile leads, Spain overtakes UK and one-third of world gets first dose August 6, 2021 Just under a third of the world’s population has received one dose of a Covid-19 vaccine so far in the global immunisation drive, forming part of some 4.3bn jabs distributed, the latest data reveals. Around 15.2 per cent of the world has been fully vaccinated, according to Our World in Data, but only 1.1 per [...]
Airbnb vows to tackle unscrupulous landlords amid staycation boom August 6, 2021 Airbnb has pledged to crack down on instances where landlords unfairly evict their tenants and go on to list the property on the platform. The holiday rental business said it would investigate cases of unscrupulous landlords brought to its attention by relevant authorities. Landlords caught to be listing their properties as holiday rentals after unfairly [...]
CNN fires three employees for going to the office without being vaccinated August 6, 2021 Three employees at US news outlet CNN have been fired for coming into their office without having had a Covid-19 vaccine. According to a company memo from President Jeff Zucker, the firm has a zero-tolerance policy for such incidents. Staff either wishing to come into the office or to work in the field with other [...]
Supermarket sweep: The fight for Morrisons heats up with Fortress increasing offer to £6.7bn August 6, 2021 The battle for control of one of the UK’s biggest supermarkets, Morrisons, has stepped up a notch today, with Fortress increasing its bid to £6.7bn. Fortress increased its offer to £6.7bn, or 272p per share when a 2p per share dividend is included, from £6.3bn earlier. The private equity consortium said said it “notes the [...]
England Covid-19 prevalence falls to one in 75 August 6, 2021 One in 75 people in England had Covid-19 last week, a lower percentage than the previous week, in yet another sign that new cases of the disease could be levelling off. According to the Office of National Statistics, an estimated 722,300 people had coronavirus last week. For the prior period, one in 65 people were estimated [...]
Crypto AM Daily in association with Luno August 6, 2021 Crypto at a glance with Jason Deane It “feels” like Bitcoin has been busy over the last few days, yet we find ourselves pretty much back where we were this time last week, price wise at least. Of course, for many of us, short term price is completely irrelevant since we’re so focussed on where [...]
London compared: How hard has your borough been hit by Covid-19? August 6, 2021 Almost three weeks after the majority of restrictions were lifted in the UK on “Freedom Day”, City AM analysis has revealed which London boroughs suffered the most Covid deaths during the last year of the pandemic. From the onset of the pandemic in March 2020 to when the UK’s third lockdown began to wind down [...]
