Six by Nico: “The chippie” goes high-end as London’s newest destination opens July 25, 2020 The struggles of the hospitality industry have been well-documented. So Nico Simeone would have been entitled to be more nervous than usual opening his new London restaurant just as lockdown lifted. Not so, though, he tells City A.M. “There are always a bit of nerves when opening in a new city but we have a [...]
PM Johnson: ‘Open questions’ on whether lockdown was too late July 24, 2020 Prime Minister Boris Johnson has said there are “open questions” on whether lockdown measures were implemented too late in the UK, as coronavirus remained a mystery to scientists at the time. Asked whether lockdown came too late, Johnson said: “When you listen to the scientists, the questions that you’ve just asked are actually very open [...]
Markets live: FTSE 100 and US stocks drop sharply as US-China tensions flare July 24, 2020 The FTSE 100 and US stocks fell after US-China relations soured and rising coronavirus cases threatened the global economic recovery. London’s blue-chip index closed 1.4 per cent lower at 6,124 points, despite some better-than-expected economic data. The FTSE 250 closed 1.3 per cent down. Read more: Asian shares retreat as US-China tensions sour Germany’s Dax [...]
Revolut snaps up another $80m from Brewdog backers July 24, 2020 Revolut has raised a further $80m to close out its series D funding round from TSG, a Silicon Valley private equity firm that has backed the likes of Brewdog, water brand Voss and Smashbox Cosmetics. The $80m is in addition to the $500m in funding that Revolut announced earlier this year, taking its total amount [...]
Back in business: Our regular round-up of London’s reopened bars and restaurants July 24, 2020 Coronavirus may have shuttered the food industry since lockdown was announced, but the restaurant business is bouncing back, with dozens of our favourite places to eat reopening every day. Lima Peruvian restaurant group Lima was one of the brave restaurants keeping us fed during lockdown with its Lima Home delivery service, giving us all a [...]
BA owner IAG mulls €2.75bn raise by ‘end of summer’ July 24, 2020 British Airways owner IAG is mulling for a share issue worth up to £2.75bn (£2.4bn) at the end of the summer. The plans to raise equity come as the airline group takes steps to shore up its finances in light of the coronavirus pandemic, which has battered the global aviation sector. In a regulatory notice [...]
Intel’s next-generation chip delay sparks shares sell-off July 24, 2020 Intel’s share price sank more than 16 per cent as markets opened this afternoon, after it said it would be postponing the launch of its next-generation chip. Intel said it would be pushing back the launch of the 7 nanometre (7nm) chips by six months until 2022, after it identified a “defect” in its manufacturing [...]
Government adds five countries to travel corridors list Portugal snubbed July 24, 2020 The government has added five new countries to its list of countries people from England can travel without needing to quarantine on return, but has left Portugal off. It had been widely expected that the Iberian nation would be added to the “travel corridor” list, having been snubbed when the initial list was released three [...]
3D printing takes on new dimensions July 24, 2020 3D printing’s evolution has dished up developments galore to chew over recently. Six months ago a company ‘making’ a (plant-based) steak captured headlines, with the BBC asking: ‘would you eat a ‘steak’ printed by robots?’. The same firm – a Barcelona start-up, NovaMeat – was in the headlines again a couple of months ago, unveiling [...]
US economy: Demand hit by new coronavirus lockdowns July 24, 2020 The US’s private sector stabilised in June but demand faltered as states re-imposed lockdowns in response to rising coronavirus cases, survey data has shown. An early estimate of the IHS Markit purchasing managers’ index – a gauge of the health of the economy – hit a six-month high of 50 as output improved after the [...]
