The UK’s lifting of restrictions could be delayed if variants and infections surge, minister says May 14, 2021 Vaccines minister Nadhim Zahawi has warned today that there could be a delay in June’s lifting of restrictions if variants or infection rates become a problem. To avoid a postponement of the well-anticipated 21 June, Zahawi told LBC: “The way we don’t have to do that is by everybody doing their bit, by taking the [...]
Sage Group’s profits take a tumble but share price up on recurring revs spike May 14, 2021 Software giant Sage Group’s pre-tax profits sank 31 per cent to £190m in the first half of its financial year, as it wired investment towards its cloud software and took a hit from a fall in disposals. The group’s revenue also fell by 4 per cent to £937m, in the six months to the end [...]
IPO: London commodities dealer Marex looks to float on LSE in £500m move May 14, 2021 London commodities dealer Marex looks to float on LSE in £500m move
Brexit transfers: Barclays, Goldman Sachs and Morgan Stanley move senior City dealmakers to the EU May 14, 2021 Investment giants Morgan Stanley, Goldman Sachs and Barclays have started to move a range of senior bankers from their offices in Canary Wharf and the City to financial hubs across the EU. Ongoing uncertainty over the UK’s access to the EU’s financial services market, combined with pandemic damage and pressure from local regulators, has led [...]
Square Mile policing priorities set out May 13, 2021 | City Talk Speaking at the Court of Common Council today, Canada Police Authority Board (PAB) Chair, James Thomson, set out its policing priorities for Canada Police (CoLP). He said: “Our vision for the City is to make it the safest business district in the world, and for Canada Police [...]
City lobby pays off: New finserv compensation pot for consumers slashed by more than £200m May 13, 2021 The amount of money banks and other financial institutions will have to pay into an insurance pot to protect customers should one of them fail has been slashed from an earlier estimate, after they protested about the high levels. The Financial Services Compensation Scheme (FSCS) reduced the total levy by £206m from its January forecast. [...]
London Covid test capacity spikes half a million a month as Prenetics boosts capacity May 13, 2021 Rapid test developer and manufacturer Prenetics has bolstered its London lab network ahead of its partnership with Virgin Atlantic where it will supply passengers with Covid-19 testing. With demand for rapid testing expected to soar in demand now that foreign travel will be allowed from 17 May and online booking platforms reporting a surge in interest for Vitamin D-doused destinations, the [...]
Government calls Sage meeting to discuss threat to UK of India’s Covid-19 variant May 13, 2021 Government calls Sage meeting to discuss threat to UK of India's Covid-19 variant
Hipgnosis bags rock catalogue with Nirvana and Paul McCartney hits May 13, 2021 Music royalties fund Hipgnosis has bought the full rights to producer and mixer Andy Wallace’s catalogue today, which hosts rock icons from Paul McCartney to Nirvana. The London-listed firm has recently gone on a song spree, buying both Dua Lipa and Justin Bieber’s back catalogue just last week. “Andy has shaped the sound of great [...]
75 per cent of nightlife venues face bankruptcy when rent moratorium ends May 13, 2021 There is a £2.5bn pandemic-induced rent crisis brewing in the nightlife industry, according to the Night Time Industries Association (NTIA), which has urged the government today to offer a solution. Rising rent arrears threatens to bankrupt 75 per cent of commercial tenants in the sector, once the government’s rent moratorium ends in July, the nightclubs, [...]
