More than 60 per cent of London firms plan to lay off staff, survey says July 28, 2020 More than 60 per cent of London firms expect to lay off some of their furloughed employees, a survey has said, in a sign of the wave of unemployment that is to come. The Lloyds Bank business barometer found that just under one in five London firms who have used the scheme expect to bring [...]
Alstom set for green light for €6bn Bombardier rail deal July 27, 2020 French giant Alstom is set to get approval from the EU’s competition watchdog to buy Bombadier’s rail business, paving the way for the creation of the world’s second largest rail firm. Reuters reported that regulators were set to give the deal the go-ahead after Alstom made a number of concessions due to antitrust fears. In [...]
Foreign Office warns against all but essential travel to Spanish isles July 27, 2020 The Foreign Office is now warning against all but essential travel to the Balearic and Canary Islands after a surge in coronavirus infections in Spain. Travellers returning from the islands to the UK will have to quarantine for 14 days, the FCO confirmed via tweet this evening. “Travel advice for Spain has been further updated. [...]
Facebook sues EU regulator for invading employee privacy in antitrust probe July 27, 2020 Facebook has said it is suing the EU antitrust regulator for attempting to gain information beyond what is necessary for its case against the firm. The tech giant said this included seeking highly personal details from its employees, such as medical history and information about family members. The European Commission has been probing Facebook since [...]
Jet2 cancels Spain flights after UK implements travel quarantine July 27, 2020 Budget airline Jet2 said it was cancelling flights from the UK to popular holiday destinations in Spain as a result of the government’s decision to reimpose mandatory quarantine measures on travellers from the country. The carrier tweeted a statement, saying: “Following the latest government advice regarding travel to mainland Spain from the UK, we have [...]
Google to extend working from home until mid-2021 July 27, 2020 Google has said it will be extending its offer that all staff who can work from home can continue to do so until the end of June 2021. The search giant had said in May it would begin reopening more offices globally as early as last month, but most Google employees would likely continue to [...]
Greenland gold miner AEX to list on AIM market after £42.5m raise July 27, 2020 Greenland-focused gold miner AEX Gold will be admitted to London’s junior AIM market on Friday after raising £42.5m through a share placing today. The company had hoped to raise £45m through the initial public offering, one of the very few flotations on a London bourse since the coronavirus pandemic struck. AEX placed 94m shares at [...]
Link REIT buys Canary Wharf office block for £380m July 27, 2020 Link REIT, Asia’s largest real estate investment trust, has bought a Canary Wharf office block for £380m. Canary Wharf’s 25 Cabot Square, which is occupied by Morgan Stanley, is Link’s first asset in the UK. The sale of the 17-storey building, which was previously owned by Hines, is the biggest deal to take place in [...]
Michel Barnier reportedly believes post-Brexit trade deal is possible July 27, 2020 EU chief negotiator Michel Barnier has reportedly expressed his belief to Brussels colleagues that a Brexit trade deal could get done with the UK, just days after publicly saying it was “unlikely”. Reuters reports that Barnier told a meeting of EU officials today that a deal could be completed before the end of the post-Brexit [...]
Brits binge eat, drink more and exercise less during lockdown July 27, 2020 People in the UK have been binge eating, drinking more alcohol and exercising less during the coronavirus lockdown, according to a new study. An online survey of around 800 adults in England were asked about their health and habits during lockdown in late June and early July. It found a sharp rise in anxiety and [...]
