Space investor Seraphim’s London IPO skyrockets, raising lofty £180m July 12, 2021 Seraphim Space Investment Trust rallied £178.4m on Friday as people piled into the space tech investor’s initial public offering. The lofty IPO faired well on the London market which has recently been driven by tech companies, particularly as it floated in the shadow of tech firm £8bn Wise which went public just days before. “Space [...]
Virgin Galactic’s shares rocket as Branson completes first fully crewed space flight July 12, 2021 Virgin Galactic’s shares jumped this morning after it successfully completed its first fully crewed space flight yesterday, with billionaire founder Sir Richard Branson on board. While Branson didn’t make it to the moon, Virgin Galactic’s shares might. The New Mexico-based company’s stock jumped as much as 22 per cent premarket this morning. Virgin Galactic’s shares [...]
Prime Minister condemns racist abuse of three young lions July 12, 2021 Boris Johnson has condemned the racist abuse of England players on social media following the European Championship final defeat to Italy last night, saying those responsible should be ashamed of themselves. Marcus Rashford, Jadon Sancho and Bukayo Saka all failed from the spot and swiftly their social media pages were flooded with racist abuse. The [...]
Tide banking valued at $650m, after securing $100m in funding July 12, 2021 Tide Banking, the UK fintech startup, has raised over $100m in Series C funding, bringing its valuation to over $650m (£468m), the company announced today. The four-year-old startup has raised a total of $200m to date including the latest funding. The injection of cash will allow the company to grow its market share, and expand [...]
Admiral ups first half guidance after motor claims windfall July 12, 2021 Insurer Admiral this morning said that it was on track to make a higher than expected profit in the first half of 2021 after a boost in profit from its motor injury claims division. As a result, the firm said that it would pay out an interim dividend of between 110p and 125p per share. [...]
Heathrow passenger numbers remain on the floor as Europe recovers July 12, 2021 The number of passengers passing through Heathrow Airport remains down almost 90 per cent on pre-pandemic levels despite the recent easing of travel restrictions. Just 957,000 people used the airport in June, prompting executives to warn that it was lagging behind European rivals such as Charles de Gaulle. Over the last 12 months, passenger numbers [...]
Ministers ‘in secret visa talks’ to end lorry crisis July 12, 2021 The government has reportedly launched secret talks over a short-term visa scheme for foreign lorry drivers amid a staff shortage that threatens to overwhelm the haulage industry. The Department for Transport (DfT) is consulting with industry bosses on how to tackle the crisis as an estimated shortfall of 100,000 lorry drivers has left supermarket shelves [...]
Exclusive: UK fintech firms raise $5.7bn in record-breaking year July 12, 2021 UK fintech firms raised $5.7bn (£4.1bn) in the first six months of the year alone, smashing investment records for the booming sector. The bumper figure outstrips the total investment secured in the whole of 2020 and is more than a quarter higher than the previous annual record of $4.6bn set in 2019. The record-breaking cash [...]
KPMG: Financial services firms ability to tackle the pandemic and climate risk will be a measure of their success July 12, 2021 Tomorrow’s Financial Stability Report from the Bank of England will no doubt applaud the crucial role played by UK financial services in guiding our economy through the pandemic so far. But, to think we are out of the woods is an error – leaving lockdown will require every bit as much caution as surviving it has. [...]
UK businesses call for early end to self-isolation rules July 12, 2021 The government should bring forward planned changes to Covid self-isolation rules to help restore confidence, UK businesses have urged. In a six-point plan published last night, the Confederation of British Industry (CBI) said moving the changes forward would help ease staff shortages and ensure reopening was a “confident not an anxious” process. It added that [...]
