Where to eat in London: Old favourites reopening and new places to check out August 22, 2020 Coronavirus may have shuttered the food industry for months, but the business is bouncing back, with more of our favourite places to eat and drink reopening every day, and some new ones joining them too. In this regular column, we’ll bring you the latest news from the front-line of the food business, complete with the [...]
How it felt to own a gym during lockdown and why the fitness industry will change forever August 22, 2020 The last few months will stay with us for the rest of our lives. Virtually every person from every country has been affected in some way, and will continue to be affected in the years to come. It goes without saying that those hit hardest are the frontline workers and the people who have lost [...]
From protein to plastics – EU funding continues to flow (for now) August 21, 2020 Portugal’s off the list. Croatia’s on the list. Spain and France have been on the list for a while. As far as Europe is concerned, the headlines are dominated by the latest quarantine rules for people returning to Britain from holiday hotspots. It’s tough to keep track of the changing rules and timings. On a [...]
Wall Street ticks up as FTSE 100 sinks into red amid Covid-19 case worries August 21, 2020 Wall Street crept marginally higher this afternoon and the FTSE 100 dropped again as investors weighed up the global economic recovery and pockets of rising coronavirus cases. London’s blue-chip index closed down almost 0.19 per cent at 6,001 points, while the FTSE 250 climbed 0.24 per cent. US markets opened in the red before reversing [...]
Retailer AO to create 650 new jobs due to ‘sustained’ surge in online shopping August 21, 2020 Online electricals store AO will create 650 new UK jobs as it ramps up growth plans following a sustained surge in demand due to the coronavirus pandemic. The firm said it is preparing for “significant growth” after it saw an influx of customers shopping online during the Covid-19 crisis. The new roles will bolster AO’s [...]
US private sector rebounds in August as states reopen August 21, 2020 The US private sector grew at the fastest pace in a year and a half in August, according to preliminary survey data that showed both services and manufacturing expanding strongly. The IHS Markit composite purchasing managers’ index – a respected gauge of business output – rose to 54.7 in August from 50.3 in July. A [...]
Williams F1 team bought by US investment firm Dorilton Capital August 21, 2020 Formula One racing team Williams has been bought by US-based investment firm Dorilton Capital in a deal that marks the end of an era for the family-run group. The team will continue to race and compete under the Williams brand, and will remain at its base at Grove in Oxfordshire. The deal received the unanimous [...]
Ovo pays out £1.2m over SSE’s missed smart meter targets August 21, 2020 Ovo Energy has paid £1.2m to the industry regulator after SSE Energy Services, which it acquired in January, missed smart meter installation targets. Energy suppliers are required to meet annual targets to install gas and electricity smart meters, as the government aims to roll out the technology to all homes and small businesses by the [...]
JP Morgan prepares to launch UK digital bank next year August 21, 2020 JP Morgan Chase is reportedly preparing to launch an online bank in the UK early next year. The investment bank is finalising plans to open its UK challenger bank in the first quarter of 2021, according to Sky News. It has signed up suppliers to provide cloud and digital banking infrastructure, including Amazon Web Services [...]
Top 25 law firm DAC Beachcroft seals £65m deal with HSBC and Lloyds to provide ‘firepower’ during covid downturn August 21, 2020 UK top 25 law firm DAC Beachcroft has sealed a £65m financing deal with Lloyds and HSBC to help give it the “firepower” to push through the covid-downturn. The London-headquartered law firm, which has 19 offices and more than 2,600 people around the world, said it boosted its finance facility to ensure its plans for [...]
