Addison Lee teams up with tech firm JustPark in EV push – CityAM : CityAM October 21, 2021 Private car hire service Addison Lee has struck a partnership with technology platform JustPark to provide drivers with off-street charging points for electric vehicles (EV). The deal will grant drivers access to Fleetcharge – a charging solution that provides charging locations for fleet drivers. The solution was developed by JustPark in collaboration with Octopus Energy. [...]
New AY4.2 Coronavirus variant emerges in UK: govt warns for fresh Covid strains October 21, 2021 While Downing Street said it is monitoring a new Covid variant called AY4.2 variant – a descendant of the coronavirus Delta variant that is being seen in a growing number of cases – the potential threat of future coronavirus variants should not be underestimated, Health Secretary Sajid Javid has warned. Javid said that Covid-19 mutates, [...]
Sunak’s budget must navigate the Catch-22 of inflation and recovery October 21, 2021 There have been some pretty bleak backdrops to budget announcements over the years. In March 2008, Alistair Darling faced the daunting task of delivering a budget while the world was in the teeth of the financial crisis. Denis Healy’s April 1979 budget was surely the worst, after the government lost a vote of confidence. The [...]
UK banks’ earnings season is tough one to call October 20, 2021 Wall Street’s biggest banks have reaped the rewards of a booming deal environment, the release of loan loss reserves and swelling deposits. Goldman Sachs, Bank of America and JPMorgan all flexed their muscles as they kicked off US earnings season last week. Now, it is the turn of their British pretenders, starting tomorrow with the [...]
Where to go to enjoy National Mezcal Day this Thursday October 20, 2021 As the days shorten, and the wind howls through London’s streets, why not head down to one of the city’s bustling bars for a warming glass of mezcal. This Thursday, to honour National Mezcal Day, bars throughout the city will be at the ready to introduce you to the many charms of Mexico’s second most [...]
UK to invest £620m in EV transition as part of net zero plan October 19, 2021 The UK Government has announced it will invest £620m to support the transition to electric vehicles (EV) as part of the Net Zero strategy unveiled today. “By moving first and taking bold action, we will build a defining competitive edge in electric vehicles, offshore wind, carbon capture technology and more, whilst supporting people and businesses [...]
Boris Johnson hails £9.7bn in 2021 foreign investment at UK summit October 18, 2021 Boris Johnson will talk up £9.7bn in foreign investment deals the UK has attracted this year as he opens the three-day Global Investment Summit tomorrow. Johnson will open the summit, before having a “fireside chat” with Microsoft founder Bill Gates as the government continues its bid to increase business investment post-Brexit. However, the Prime Minister’s [...]
Bad news Nigel: Traditionalist names of City grandees slide down the baby-name ranks October 18, 2021 Baby names are increasingly being shaped by pop culture, according to the latest data, which has shown more traditional names to slide down the ranks, but win favour with mothers over 35. It marks a fading out of City grandee names like Emma Walmsley, who’s first name was ranked 60th most popular, Martin Gilbert who came [...]
Bank of England to hike rates in just over two weeks, warn top international banks October 18, 2021 The Bank of England will scale back the wave of stimulus it unleashed in response to the Covid-19 crisis in just over two weeks. That’s the warning from two leading international banks, who both ratcheted up their expectations for the first rate hike in over three years today. Wall Street giant Goldman Sachs brought forward [...]
Long read: Tech firm with big ideas looks set for Shift into higher gear October 18, 2021 PICTURE the scene: a living room full of boxes, two flights of stairs and a hired van parked two streets away. After multiple trips – in both senses of the word – one is inclined to be a bit fed up. It’s the sort of moment that makes you wish somebody invented an easier way [...]