Krispy Comeback: Krispy Kreme to return to US stock market, eyeing $4bn IPO June 23, 2021 Krispy Kreme is eyeing a valuation of nearly $4bn in a US initial public offering (IPO), a regulatory filing has revealed, as it plots a stock market comeback. The doughnut chain appears to have its sights set on a listing amid a booming US IPO market, looking to capitalise on the markets record activity. The [...]
Joules beats market expectations as recently acquired garden retailer provides boost June 23, 2021 Profit and revenue at Joules for the last financial year beat expectations, with its recently acquired garden and outdoor product store performing particularly well. In a pre-close trading update this morning, the fashion retailer said revenue had increased four per cent to £199m, up around £8m from the previous year. Profit before tax for the [...]
Modelling shows even minimal ongoing Covid restrictions will devastate events industry June 23, 2021 If even the most minimal Covid restrictions remain in place beyond 19 July, the events industry will be hit by huge losses, according to an impact assessment produced by the government’s Events Research Programme. Under the strictest scenario presented, in government projections that scrapped social distancing at events, but required guests to wear face masks, [...]
Masks, remote working guidance and social distancing to be dropped on 19 July June 23, 2021 Masks, remote working guidance and social distancing to be dropped on July 19
Persimmon and Aviva agree to make leasehold payments fairer for homeowners after CMA probe June 23, 2021 Following an investigation by the UK’s markets watchdog, housebuilder Persimmon and financial services group Aviva have agreed to overhaul their leasehold contracts to make payments fairer for homeowners. The Competition and Markets Authority (CMA) investigation into Persimonn’s leaseholds pushed the housebuilder to cap the price of freehold at £2,000 in its Right to Buy scheme [...]
Unvaccinated Morgan Stanley staff in New York to be barred from office June 23, 2021 Staff and clients who are not fully vaccinated against Covid-19 will be barred from entering Morgan Stanley’s New York offices. The policy, which comes into effect next month, means unvaccinated employees will need to work remotely, the BBC first reported. The move will reportedly allow the Wall Street giant to remove remaining restrictions in offices [...]
Cloud-based phone system Aircall raises $120m as home working endures June 23, 2021 Cloud-based phone system Aircall has raised $120m in Series D funding led by Goldman Sachs, as demand for the firm’s technology surged during the remote-working boom. The round was led by Goldman Sachs with participation from current investors DTCP, eFounders, Draper Esprit, Adams Street Partners, NextWorld and Gaia Capital Partners. Aircall’s total valuation is more [...]
London launches England’s first hydrogen-powered double decker buses June 23, 2021 Transport for London (TFL) will today add 20 new environmentally friendly hydrogen double decker buses to its fleet. Launched by London mayor Sadiq Khan in Ealing, the buses will provide commuters with smoother, quieter journeys thanks to less vibrations. Free-to-use USB charging ports will also be available onboard. They will join more than 500 electric [...]
Rishi Sunak vs Boris Johnson: to spend or not to spend? June 23, 2021 Rishi Sunak has directed his energy into recasting the Treasury back to its traditional role – the guardian of the public finances. The Chancellor notched up a substantial victory after education recovery tsar, Kevan Collins, resigned earlier this month, after his demand for £15 billion for catch-up programmes in schools was beaten down to a [...]
More than eight in 10 UK firms plan on hybrid workforce after the pandemic June 23, 2021 Some 84 per cent of UK businesses plan on having a hybrid, flexible or remote workforce after the pandemic, according to new research. The State of Hybrid Work study, carried out by tech firm Owl Labs and covering 500 business leaders, found that only 16 per cent of companies expect workers to return to the [...]
