New creative projects will help power City’s COVID recovery July 20, 2021 Five creative schemes designed to help the Square Mile recover from the pandemic have been given the green light today. Under the plans, businesses and creatives will work together to animate shops, offices and foyers across the City with art, boosting footfall and attracting people back into the Square Mile. Young people will learn new [...]
London tops rankings for foreign investment July 20, 2021 London tops the table of regions in the UK with the greatest amount of foreign investment, according to figures published by the ONS. The value of foreign direct investment (FDI) in the capital reached £660.8bn in 2019, representing 42 per cent of the aggregate amount of inward FDI in the UK. The value of FDI [...]
Swiss bank UBS hits highest profits in over five years across all regions July 20, 2021 Swiss bank UBS posted net profits north of $2bn today, as handling assets for the ultra-wealthy proves to be a money-maker for world’s largest wealth manager. Net profits saw a 63 per cent jump in the second-quarter, which exceeded analyst forecasts by more than half a billion dollars. “The momentum is on our side. We [...]
Alliance Pharma revenues rise, as pandemic recovery underway July 20, 2021 Alliance Pharma reported stronger revenues for the first half of the year, as the healthcare sector continues goes from strength to strength. The international healthcare group saw revenues grow to £80.9m for the six months ended 30 June 2021 – representing an increase of just under 25 per cent, compared to the same period last [...]
US State Department issues ‘do not travel’ memo after UK Covid-19 cases surge July 20, 2021 Americans should avoid travelling to the UK, the US State Department has warned after Britain saw its Covid-19 cases soar to the highest levels since January. It follows the decision by the US Centers for Disease Control and Prevention to boost its travel warning to “Very High”. They cited the high number of cases that [...]
Government scales back isolation advice as ‘pingdemic’ hits businesses July 20, 2021 The government has toned down its guidance on whether people should self-isolate when pinged by the NHS test and trace app amid concerns about staff shortages. Speaking to Times Radio this morning, business minister Paul Scully said the app was there to allow people to make “informed decisions”, but added that isolation was “obviously up [...]
EasyJet revenues increase as airline prepares for more flights July 20, 2021 EasyJet reports increased revenues as the airline prepares to “emerge transformed post pandemic” and more people travel abroad. Their headline loss before tax was £318m, reduced from £347m last year. The no-frills airline reported a lower cash burn of £55m during the quarter ended 30 June 2021, in line with expectations. Revenue increased to £213m [...]
Wise reports solid revenue growth and surging customers in first trading update since IPO July 20, 2021 Wise, one of Britain’s biggest fintech firms, posted revenue in line with expectations of £123.5m in the first quarter of its financial year, up 43 per cent from a year earlier. In the first trading update since its £8bn float on London’s stock exchange earlier this month, the payments group said it processed £16.4bn in [...]
Bitcoin tumbles below $30k as cryptocurrency markets see major falls July 20, 2021 The world’s leading cryptocurrency has fallen below the major psychological mark of $30,000 as a market slump across the board continues to sting all major cryptocurrencies.
US drugmakers and distributors to cough up $26bn to settle opioid claims July 20, 2021 US drug distributors and drugmakers are set to cough up $26bn to settle claims they helped stoke a nationwide opioid epidemic. Drugmaker Johnson & Johnson will pay $5bn, while drug distributors McKesson Corp, Cardinal Health, AmerisourceBergen Corp will pay $21bn altogether. The news was first reported by Reuters. Read more: US bins 60m contaminated Johnson [...]
