London grocery delivery app Dija snapped up by rival GoPuff November 10, 2021 London-based grocery app Dija has reportedly been sold to larger rival GoPuff amid fierce competition in the UK’s nascent rapid delivery market. The startup is set to announce the sale tomorrow, just five months after it launched, Sky News reported. While details of the deal will not be disclosed, the takeover will reportedly value Dija [...]
Old school db pension schemes face £450bn liabilities shortfall November 10, 2021 UK defined benefit pension schemes are facing an estimated £450bn hole in their balance sheets due to a shortage of long-dated inflation-linked gilts, according to a new analysis. Up to £450bn worth of inflation-linked liabilities are in jeopardy because the government hasn’t issued enough index-linked debt for pension schemes to match them, according to an [...]
Insurance body ABI names Nicky Morgan new chair amid management shake up November 10, 2021 Former MP Nicky Morgan has been appointed as the first independent chair of the Association of British Insurers (ABI), as the trade body overhauls its management. Two more senior appointments were today announced by the ABI, whose members include Aviva and Axa, as part of reforms by the organisation to improve consumer trust in the [...]
The metaversal evolution will not be centralised November 10, 2021 The metaverse creates efficiencies, growth, and cost reductions orders of magnitude above and beyond that of physical space, explains Dr Kacher.
Activist fund Gatemore buys stake in DFS and warns of buyout vulnerability November 10, 2021 Gatemore Capital management has bought a stake in DFS and told its fund investors that the sofa chain is undervalued by public markets and thus ripe for a private equity bid. Adding to its roster of listed British retailers, which includes Moss Bros, French Connection and Superdry, the activist fund told investors last month that [...]
Keep off the grass: UK wildflowers at risk of extinction November 10, 2021 Research from British conservation charity Plantlife and Renault has revealed that in the UK one in five wildflowers is at a risk of extinction due to pollution. According to the data, since the 1930s 97 per cent of the country’s grasslands and meadows have disappeared, while floral diversity plummeted on road verges, usually home to [...]
Apple CEO Tim Cook admits to owning crypto November 10, 2021 Apple’s chief executive Tim Cook has admitted to owning crypto and said he has been interested in digital assets for a while. While speaking at a financial conference in New York Cook was asked whether he owns Bitcoin or Ethereum. He replied “I do. I think it’s reasonable to own it as part of a [...]
Oil rivals team up to build new drilling giant November 10, 2021 Maersk Drilling and Noble Corporation announced a $3.4bn merger to create one of the world’s largest offshore oil drilling rig companies. The merger will establish a new titan in the market with a fleet of 20 floaters and 19 jack-up rigs. The combined company will take Noble’s name and will be listed on both the [...]
The virtual metaverse requires very real-world regulation November 10, 2021 Regulators tend only to emerge in the spotlight of public scrutiny when something goes wrong. FCA bosses have spent the last couple of years being wheeled in front of Select Committees to explain the colossal cock-ups that led to the London Capital & Finance minibond scandal – including its former boss Andrew Bailey, who despite [...]
What analysing language tells us about inflation November 10, 2021 With the headline consumer price index (CPI) rate at a 13-year high in the US, it is not surprising that companies are talking more about inflation. It’s not just business surveys that show us this. You can also see it by looking at the transcripts of what the management teams of publicly-listed companies have talked [...]