Neumann’s WeWork exit package increases with $245m in potential stock May 28, 2021 Former WeWork boss Adam Neumann is set to emerge from his separation with the company with an extra stock award worth $245m. Neumann has also received almost $200m in cash after renegotiating the terms of his 2019 exit agreement. The shares come on top of an already generous package for Neumann, who gave up his [...]
Covid-19: Businesses could be forced to stay shut after 21 June in local lockdown scenario May 28, 2021 Businesses could be forced to stay shut after 21 June in local lockdown scenario
Bank holiday: Pubs predict 21m fewer pints sold and £80m in lost sales May 28, 2021 Bank holiday: Pubs predict 21m fewer pints sold and £80m in lost revenue
IPO: Lightweight and portable oxygen tank maker to list in London May 28, 2021 Belluscura, a medical device developer that focuses on lightweight and portable oxygen technology, will today debut on London’s AIM market. The company, which was established in the UK in 2015, expects to be worth nearly £51m following admission to the stock exchange. It has conditionally raised £17.5m via share allocation prior to the placing. Belluscura’s [...]
UK mulls a carbon tax on polluting imports May 28, 2021 The Prime Minister is considering a carbon tax on imports that would hinder companies outsourcing their emissions and also protect farmers and local producers from being undercut from low-regulation rivals.
Breakthrough saliva test detects Covid in 5 minutes May 28, 2021 Researchers in Australia have developed a new Covid-19 test which can give results in just five minutes. The prototype, which uses a portable instrument to detect the virus in saliva samples, has been developed by Monash University in Melbourne and the Peter Doherty Institute for Infection and Immunity. After patients dribble into a sterile container, [...]
UK business optimism hits five-year high, so why has London slipped? May 28, 2021 Economic optimsim across the UK has reached its highest level in five year, but for some London businesses the reopening enthusiasm has waned.
Promote auditors who challenge clients says think tank May 28, 2021 Auditors who challenge clients should be celebrated and promoted, according to a new report from think tank IPPR, in order to better serve society as a whole. A complete culture change is needed within the UK’s audit industry to ensure that public trust is fully restored, the think tank said in its latest report. Without [...]
Bitcoin buoyancy is driven by popular mass delusion but the madness will keep making money May 28, 2021 In 1841, the journalist Charles Mackay published Extraordinary Popular Delusions and the Madness of Crowds, his masterpiece. In it, he chronicled the economic bubbles and mass delusions that have plagued mankind across the ages. “Men… go mad in herds,” he warned, “while they only recover their senses slowly, and one by one.” The cryptocurrency Bitcoin [...]
Culture wars: Brits reckon divisions are ‘exaggerated but real’ May 28, 2021 Three-quarters of the public think divisions around the so-called culture wars are exaggerated by the media – but Brits still think there’s a problem. A new study published today revealed that 77 per cent of Brits believe the media often makes the country feel more divided than it really is, with a third saying they [...]
