Travel bosses fume as Portugal axed and no new countries added to UK’s travel ‘green list’ June 3, 2021 Travel bosses fume as Portugal axed and no new countries added to UK's travel 'green list'
What does a €50 carbon price mean for European companies? June 3, 2021 Earlier this month, the EU carbon price moved above €50 per tonne for the first time ever. The price is now more than double its level prior to the pandemic, with a sharp rise in recent months. What is the EU carbon price? The EU Emissions Trading Scheme (ETS) is designed to put a price [...]
HSBC backed buy-now-pay-later firm Divido raises $30m in funding June 2, 2021 Buy-now-pay-later firm Divido has raised $30m today in a Series B funding round boosted by HSBC and ING, as it eyes expansion. The retail finance company, which launched in 2014, has a white-label platform that links up lenders, merchants and partners at the point of sale, to make digital spending quicker and easier. “The retail [...]
Road trip: Traffic returns to pre-pandemic levels as restrictions ease June 2, 2021 After stay-at-home orders kept roads clear, traffic during weekdays is finally matching pre-pandemic levels, according to data by the Department for Transport today. Traffic on Friday soared 104 per cent past the equivalent weekday in February 2020, largely helped by the Bank Holiday weekend, for the first time since the lockdowns began. Vehicles hitting the [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 2, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Brown Advisory expands London office with senior hires Investment management firm Brown Advisory has bolstered its London office this week with two senior hires as its collection of assets hits $15bn. [...]
Transport for London secures £1.08bn emergency funding deal June 1, 2021 Transport for London has secured a £1.08bn emergency funding deal with the government to provide financial support during ongoing Covid-19 restrictions. The latest cash injection, agreed with the Department for Transport, will cover the period from 29 May until 11 December. The funding package is designed to contribute to the organisation’s revenue loss due to [...]
CMA and EU antitrust watchdogs eye AstraZeneca’s $39bn Alexion deal June 1, 2021 EU antitrust watchdogs and are set to decide by this weekend whether to approve AstraZeneca’s $39bn bid for biopharmaceutical company Alexion, a European Commission filing revealed today. Anglo-Swedish drugmaker AstraZeneca sought approval for the deal on Monday. However, the UK’s competition regulator is reviewing the takeover bid for the US-based pharma firm, until 5 July – [...]
Sadiq Khan: TfL settlement is not the deal we wanted June 1, 2021 London Mayor Sadiq Khan has hit out at the emergency funding package signed off today by Government and TfL to keep the capital running. The deal includes a raft of cuts across Transport for London’s operations and does not go as far as many hoped in providing a long-term settlement for the capital’s transport network. [...]
Electric Boris bikes to join London’s fleet by 2022 May 31, 2021 Boris bikes in the capital will be getting an electric boost in time for summer 2022, as London transport gears up its clean initiatives. In a three-year sponsorship deal, 500 e-bikes are set to be added to the 14,000 bikes-for-hire fleet across the city. ‘Cycling has been a lifeline for many Londoners over the past [...]
TfL funding package expires as talks continue on short-term rescue deal May 29, 2021 The emergency funding support programme agreed between Transport for London and the Department for Transport has come to an end, with discussions continuing on an extension. TfL were forced to go cap-in-hand to central government after passenger numbers collapsed at the start of Covid-19. A funding deal was struck in November 2020 to finish in [...]