Ministers in talks over London to New York air bridge August 27, 2020 Plans are being made for an air bridge between London and New York so that passengers can travel to the US without needing to quarantine, it was reported today. Although the US remains on the UK’s travel “red list” due to high overall rates of coronavirus infection, ministers are in talks with American counterparts over [...]
British Gas pays out £1.7m after prepayment supplier error August 27, 2020 British Gas will pay out £1.7m after the energy supplier failed to inform hundreds of thousands of customers that it had changed prepayment supplier. On 1 January, the Centrica-owned firm changed top-up provider from Paypoint to Payzone, but failed to notify 270,000 customers. Ofgem, the energy regulator, said some British Gas customers had suffered as [...]
Staff at ETF provider Tabula call time on home working as it moves to Strand August 27, 2020 London headquartered fixed income ETF provider Tabula Investment Management is luring employees back to work with an expanded office to support social distancing. Tabula’s move to 55 Strand will double its office footprint from 1,300 square feet to more than 3,000 sq ft. The fund manager says more than 90% of London-based staff have agreed to [...]
Exclusive: Bust burrito chain Chilango sold out of administration August 27, 2020 Burrito chain Chilango has today been sold out of administration after the Covid-19 pandemic finished off the already struggling business, City A.M. can reveal. The Mexican-themed fast-food chain told investors today that administrators RSM had secured a buyer for the business. RSM confirmed this afternoon the the chain had been sold to Investment group RD [...]
Germany axes plan to speak about Brexit at high-level EU summit August 27, 2020 Germany has scrapped plans to discuss post-Brexit trade deal negotiations at an upcoming EU ambassadors summit as there has not been enough progress. Brexit was due to be a major point of discussion at the 2 September summit, however EU officials are reportedly increasingly pessimistic that the UK will leave on a no-deal basis on [...]
Onesavings Bank profit slides amid coronavirus lockdown August 27, 2020 Onesavings Bank reported a drop in profit in the six months to the end of June as growth in its loan book did little to offset the impact of the pandemic. The figures Onesavings Bank reported underlying profit before tax fell 14 per cent to £156.3m in the six months to the end of June. [...]
Sir Ed Davey elected as leader of the Liberal Democrats August 27, 2020 Sir Ed Davey is the new leader of the Liberal Democrats after defeating challenger Layla Moran in the party’s leadership contest. Davey, who was the bookies’ favourite, beat Moran by 42,756 votes to 24,564 in what was the highest ever turn out for a Liberal Democrat leadership contest. Davey conceded in his victory speech that [...]
Unrest grows among Tory MPs over series of Boris Johnson U-turns August 27, 2020 Senior members of Boris Johnson’s government are reportedly disgruntled about the growing number of policy U-turns coming from Downing Street. Yesterday’s U-turn on face masks in schools marked the 12th policy about face the government has made since the start of the coronavirus crisis in March. Twelve senior Conservatives told the Financial Times about growing [...]
Bitcoin is a game of musical chairs – and the music is stopping August 27, 2020 This headline might be the single most bullish news story for Bitcoin this year: “MicroStrategy® (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, announced that it has adopted Bitcoin as their Primary Reserve asset, purchasing 21,454 bitcoins for $250 million.” What it means is that 0.1% of all seats in this game have just [...]
Deliveroo launches Eat In to Help Out discount for September August 27, 2020 Deliveroo has launched an Eat In to Help Out offer for September as the government’s dine-in discount scheme comes to an end this month. The food delivery firm will offer customers £5 off orders on Monday to Wednesday next month in a bid to support local restaurants. Deliveroo will fund the discount for the more [...]
