LSE-listed Kanabo to buy distributor and stoke European cannabis uptake July 26, 2021 Kanabo, the first medical cannabis company to list on London’s top market, is set to buy a distributing company as it plots expansion into Europe. The deal with Materia, a processor and distributor of medical cannabis and CBD products, will make Kanabo Europe’s largest public cannabis company. Kanabo’s board has been eyeing new partnerships to [...]
Cash holdings: UK corporates’ £109bn warchest increasingly a rival to private equity in M&A July 26, 2021 UK corporates have seen their aggregate net cash holdings rise from £20bn to £109bn since March 2020 and the start of the Covid pandemic, a jump of 500 per cent. The build up in cash balances has been so dramatic that UK corporates are increasingly seen as a serious rival to private equity funds in [...]
London flooding: More rain as Londoners call out climate change July 26, 2021 London saw more rain yesterday which flooded roads, tube stations and homes, just days after health warnings were issued amid 30C heat. Government flood warnings and alerts have been issued to several areas around the city, with neighbourhoods nearby rivers hosting the most warnings. Areas like Harrow, Hillingdon, Ravensbourne through Lewisham, Bromley and Greenwich have [...]
Heathrow warns UK falling behind Europe as losses hit £2.9bn July 26, 2021 Heathrow Airport this morning warned that it was falling behind European rivals because of the continuing restrictions on international travel. The UK’s largest airport said it had racked up losses of £2.9bn over the past six months, as vaccination travel rules and pricey tests continue to hamper the airline industry’s recovery. Passenger numbers remain a [...]
Two London hospitals announce major incident after severe flooding in the capital and south east July 26, 2021 The Environment Agency has six flood warnings in place across the country’s south east as the major incidents continue to affect two of the capital’s hospitals. Whipps Cross Hospital has announced it has been forced to evacuate around 100 inpatients owing to flooding. An entire block is currently without power with no timeline as yet [...]
Visitors migrate back to London’s West End as venues throw open their doors July 26, 2021 Visitors are beginning to migrate back to London’s tourism spots like the West End, as last week’s ‘Freedom Day’ meant theatres and clubs could throw open their doors for the first time in over a year. Last week’s heatwave meant locals and visitors alike could make the most out of London’s reopening – before the [...]
Lloyd’s insurance appoints Lord Sedwill to council as deputy chair July 26, 2021 Lloyd’s has today announced that Mark Sedwill will join Lloyd’s council and succeed as the new senior independent director and deputy chair of the insurance marketplace. Bruce Carnegie-Brown, chairman of Lloyd’s, said of the appointment: “As one of the most respected figures in modern British diplomacy, and a former head of the UK civil service, [...]
Prince Harry’s start-up BetterUp heads for London and Munich July 26, 2021 BetterUp, a virtual coaching platform that promises to democratise professional coaching across an entire business enterprise, is heading for Europe as it announced an expansion into London and Munich. The firm, which was co-founded by Alexi Robichaux in 2013 and where Prince Harry is the Chief Impact Officer, has gone from strength-to-strength this year. The [...]
Spider-Man loses it: Five people arrested after violent incident at Asda in Clapham July 24, 2021 Five people have been arrested after a violent incident in a London supermarket. Police were called to Asda on Lavender Hill near Clapham Junction at 10.40pm on Thursday evening to reports of a group of people involved in a disturbance. Video footage posted on social media shows a woman staff member being kicked in the [...]
Exclusive: London Mayor Sadiq Khan welcomes Hongkongers with open arms July 24, 2021 London’s City Hall announced this week it plans to free up £900k to help tens of thousands of Hong Kong migrants to settle in the capital this year. The financial package is part of a wider strategy to help those fleeing the political turmoil in Hong Kong set up home in London. In an exclusive [...]