Investors pile £12bn into UK-listed companies, hoisting the market above pre-pandemic levels August 5, 2021 UK listed companies have raised more than £12bn in fresh capital from investors in the first half of this year, building the market back above pre-pandemic levels. The pandemic caused a resurgence in UK capital markets activity last year, with funds raised by listed companies peaking at its highest level in over a decade. Investors [...]
Bargain hunt: One in three London homes fetch lower asking price August 5, 2021 London’s property market has become a buyer’s market, driven by demand flowing out of the capital and into areas such as the commuter belt since the onset of the Covid crisis, according to new figures published today. Research by London estate agent Benham and Reeves reveals nearly one in three properties in the capital have [...]
Powered up: Daniel Sherfield CA, CFO of Grind, talks about the growth of the brand, its city venues and ecommerce stream August 5, 2021 It’s gone from being Silicon Roundabout’s all-day caffeine fix to a chain of cafes and ecommerce business. Daniel Sherfield CA talks to Cherry Casey about the growth of Grind. This article first appeared in ICAS’ CA magazine. If there is one word to describe the journey Grind has taken in the decade since its inception it would be [...]
Brexit and Covid impact: More than 90,000 EU workers to have left UK hospitality jobs August 5, 2021 More than 90,000 EU workers left the UK’s hospitality sector in the last year, new figures have revealed. Fresh research from jobs site Caterer.com found that three out of five hospitality employers are now receiving record numbers of applications from UK workers. London was identified as acutely affected by the exodus with the research estimating [...]
John Lewis hikes lorry driver salaries by £5,000 amid driver shortages August 5, 2021 John Lewis has today announced that it will up the salaries of its lorry drivers by £5,000 a year as the current shortage of HGV drivers continues to weigh on the supermarket sector. The retailer said that the rise, which works out at roughly £2 an hour, came in response to the shortfall, which has [...]
UK’s travel green list grows as Germany, Austria, Norway added to safe destinations group August 4, 2021 Seven new countries have this evening been added to the government’s “green list” for international travel, offering further hope for Brits looking to escape for the summer. From Sunday at 4am, Austria, Germany, Slovenia, Slovakia, Latvia, Romania and Norway will be added to the list of destinations from which all travellers need not isolate on [...]
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 [...]
