Spotify beats forecasts as paid subscribers hit 165m July 28, 2021 Spotify has beaten expectations for the second quarter as the streaming giant saw its paid subscriber numbers grow by a fifth. The Swedish company said premium subscribers jumped 20 per cent year on year to hit 165m in its latest quarter – towards the upper end of its guidance and modelty ahead of forecasts. Monthly [...]
C-suite diversity credentials to be laid bare under new FCA rules July 28, 2021 The UK’s financial watchdog is seeking to implement new rules that will force listed companies to disclose their c-suite diversity credentials, it announced today. The Financial Conduct Authority is seeking feedback from firms on proposed rules that will see listed companies publish a “comply or explain” statement breaking down whether they have reached proposed diversity [...]
Pfizer hikes Covid vaccine sales forecast by almost a third to $33.5bn July 28, 2021 Pfizer has raised its full-year sales forecast for its coronavirus vaccine by nearly a third, as governments across the world rush to secure doses to vaccinate their populations. The US drugmaker raised its 2021 forecast for sales of the Covid vaccine that it produces with Germany’s BioNTech by 28.8 per cent to $33.5bn (£24bn), up [...]
Ineos strikes deal with New Zealand Rugby to add All Blacks to sporting stable that includes Formula 1, cycling and football teams July 28, 2021 New Zealand Rugby has announced Ineos is to become its official performance partner in a six-year deal beginning in 2022. The deal sees New Zealand Rugby’s national teams, including the All Blacks and the Black Ferns, join the growing Ineos sporting stable, which is owned by British billionaire Sir Jim Ratcliffe. They will join Mercedes-AMG [...]
Exclusive: Islamic fintech founder Junaid Wahedna on why the UK market is firmly on his radar July 28, 2021 The market for Islamic fintech is growing globally, and in the UK. Last month the Boubyan Bank Group announced that the world’s first Islamic international digital bank will be launched in the UK. The global Islamic fintech market is estimated to reach $128bn by 2025, a 161 per cent increase from 2020’s figure, according to [...]
CitySprint look to expand as employment drive for 600 new couriers begins July 28, 2021 CitySprint, the UK’s largest same day distribution company, has announced that it is looking for an extra 600 new couriers across the UK. The recruitment drive is in response to a significant uplift in logistics requirements, particularly around the London area. High demand for products bought online is thought to be one of the reasons [...]
German insurance watchdog forecasts €5.5bn worth of flood damage claims July 28, 2021 German insurance industry association GDV has forecast around €5.5bn worth of claims due to extreme flooding earlier this month. The insurance watchdog has upped its estimates from between €4bn and €5bn last week. Germany’s biggest insurer Allianz issued its first damages estimate of more than €500m yesterday from the storm known as storm Bernd. The [...]
No increased blood clot risk after second dose of AstraZeneca July 28, 2021 New data shows AstraZeneca’s Covid-19 vaccine carries no additional risk of rare blood clotting disorder after the second dose. A study published in the Lancet medical journal found that the estimated rate of thrombosis with thrombocytopenia syndrome (TTS) in people who had received both doses was 2.3 per million. This figure is comparable to that [...]
Gooooood morning Forty! Party time as Bitcoin breaches $40,000 July 28, 2021 The Bitcoin price is back up at around the $40k level this morning after dipping as low as $36k yesterday, as the markets continue to look volatile this week.
City Corporation urges firms to support its socio-economic diversity task force July 28, 2021 The City of London Corporation is calling on financial and professional services firms to encourage their networks and employees to support its socio-economic diversity task force. At a virtual meeting, City Corporation policy chair Catherine McGuinness asked individuals and organisations to get involved by being informed and using their influence to raise awareness of the [...]
