Hiscox tops list of insurers facing business interruption claims May 12, 2021 Hiscox faces paying the out on the largest number of business interruption claims, according to data compiled by the Financial Conduct Authority (FCA). Hiscox has accepted 6,692 business interruption claims for Covid-19 losses and faces making a decision on whether another 3,122 pending claims are valid, data published by the FCA today shows. The insurance [...]
Guilty: Two fraudsters caught conning vulnerable victims out of £36m May 12, 2021 After duping vulnerable victims out of £36m, two fraudsters have been convicted today after their ‘boiler room’ fraud operation was foiled. Paul Seakens and Luke Ryan were found guilty at the specialist court Prospero House Southwark on charges of running a business for fraudulent purposes. Seakens was also convicted of money laundering and proceeds of [...]
FTSE 100 outperforms global peers as Wall Street opens lower May 12, 2021 London’s FTSE 100 rebounded today after stronger-than-expected GDP data bolstered optimism about a sharp economic recovery. The blue-chip index rose 0.9 per cent this afternoon, with drinks giant Diageo adding 4.1 per cent after forecasting profit growth and restarting its capital return programme. Elsewhere, Wall Street’s main indexes opened lower this afternoon after better-than-expected inflation [...]
Under The Stadium Lights: An achingly familiar high school drama May 12, 2021 Religion and sport have a funny way of crossing paths in cinema. The former has inherent gravitas, the latter excitement, and produced surprise hits such as Oscar winner The Blind Side. Of course, for every box office smash there are numerous failed contenders, boasting familiar faces and vaguely inspirational titles such as When The Game [...]
Ex-Dragon’s Den star plans £10m placing to fund expansion of London bar chain May 12, 2021 Nightcap, the hospitality investment vehicle founded by ex-Dragon’s Den star Sarah Willingham, has launched a £10m placing to fund the expansion of London’s Adventure Bar Group. Nightcap, which is Aim-listed and was founded to help drinks-led businesses recover from the coronavirus pandemic, said the £10m is “significantly higher than originally planned” due to “strong demand” [...]
The Secrets We Keep: Noomi Rapace leads tense drama-thriller May 12, 2021 Noomi Rapace, star of Prometheus and the original adaptation of The Girl With The Dragon Tattoo, leads this tense drama-thriller which keeps you guessing until the end. Set in the suburbs of Post-War America, Rapace plays Maja, a Romanian immigrant happily married to mild mannered doctor Lewis (Chris Messina). Their content existence is shattered when [...]
Amazon wins €250m in EU back tax battle May 12, 2021 In a fight over back taxes, Amazon will not have to pay €250m to the city of Luxembourg, Europe’s second-highest court heard today. The General Court said that the online retail giant had not received a selective advantage. “The Commission did not prove to the requisite legal standard that there was an undue reduction of [...]
Members’ clubs in the age of Covid, from Groucho to Boisdale May 12, 2021 Are you clubbable? Some people are, fiercely, while others disdain the whole idea. It is thought men are more clubbable than women, though that may not be supported by facts. In any event, if you are what PG Wodehouse would have called a clubman, you will be eagerly awaiting Monday 17 May and the reopening [...]
Bitcoin can continue to dominate… but only if it solves scaling issues May 12, 2021 Dr Chris Kacher weighs up the future of Ethereum and Bitcoin, and how they can co-exist in a world of deflationary tokenomics.
50 days after the Ever Given blocked the Suez canal, supply chains still have not recovered May 12, 2021 On the 29th of March, tug boats and dredgers freed the Ever Given from the banks of the Suez Canal. In just six days the blockage obstructed over $60 billion of global trade, sending disruptive ripples to every corner of the world. The beached container ship, weighing in at 220,000 tonnes and longer than the [...]
