SAP to invest €250m in the UK over the next five years July 19, 2021 SAP said it will invest a quarter of a billion euros in the UK through a UK-based cloud service and new offices, in an announcement today. The company will launch its UK Data Cloud service, establish new offices in London and Manchester and invest further in young talent through its internship programme. It’s new offices [...]
UK investor confidence sinks as ‘Freedom Day’ renews pandemic uncertainty July 19, 2021 Investor confidence in the UK has sunk five per cent in July, as ‘Freedom Day’ renews pandemic uncertainty across the country, according to new research. The UK’s investor confidence lags behind that of the rest of the world, which averages dips of two per cent, data from Hargreaves Lansdown found. “Far from bringing an added [...]
US property firm picks up Angel office development in bet on office return July 19, 2021 American property firm Tishman Speyer confirmed the £86.5m purchase of a major office development in Islington this morning as it bets on workers returning the office. The deal with British property investment business Derwent London sees the sale of their office freehold interest in Angel Square, just behind Angel tube station. Derwent London announced the [...]
Freedom Day: Where do I need to wear a face mask from today? July 19, 2021 Across England, the final remaining coronavirus restrictions have been lifted. From today, people are no longer required by law to wear masks. The government has said, however, that people will still be expected to wear face masks in certain situations while some businesses, travel operators and local politicians have said that masks will still be [...]
Revolution Beauty shares run rouge in London junior market debut July 19, 2021 Revolution Beauty, which debuted a £300m placing on London’s junior market today, has seen its shares plummet over four per cent. With its ordinary shares listed at 160p per piece, the company’s valuation is around $495m. The British beauty group began trading at 08:00 under the ticker REVB after an oversubscribed fundraiser last week. Revolution, [...]
US shareholders in Grenfell Tower cladding firm Arconic given go ahead to sue own company July 19, 2021 US shareholders of the Grenfell Tower cladding firm Arconic have been given the green light to proceed with a lawsuit against the company, US District court in Manhattan has ruled. According to witness statements, the company did go ahead and use the controversial cladding material even though managers were aware that the material that was [...]
Exclusive: ‘Pull the plug on test and trace and delete the app’, says Pimlico Plumbers chief Charlie Mullins July 16, 2021 This week, more than half a million people were pinged by the NHS Test and Trace app, the highest figures ever. A total of 520,194 notifications were sent out, informing the app’s users that they had been in close contact with someone who had tested positive for coronavirus. People must isolate for 10 days, leading [...]
Corona Impact Series: The Walthamstow bakery that was saved by quick thinking and simple tech July 16, 2021 In this series, Morning Wire looks at the financial and economic impact of the ongoing pandemic on a range of small and medium-sized businesses across London. READ THE ENTIRE SERIES HERE TODAY BREAD is an artisan bakery based in East London, founded in 2013 from a small flat in Walthamstow. The bakery was the passion project of Alexandre Bettler, who [...]
Goldman Sachs boss champions post-Brexit London and expects 70 per cent of staff back in office July 16, 2021 Goldman Sachs boss Richard Gnodde said the company was as committed to its London head office as ever, buoyed by his belief that the UK capital will remain dominant as a world-leading financial centre post-Brexit. “For us we’ve been very clear, the centre of gravity for our workforce is our buildings, and in London it [...]
eve Sleep sees sales up, bolstered by online shopping July 16, 2021 Mattress maker eve Sleep today reported overall revenue growth of 13 per cent in the first half of 2021, reaffirming full-year expectations. Despite increased sales, shares in the London-based company were down over 15 per cent early morning. eve Sleep said sales growth was primarily online due to coronavirus restrictions, but suggested the trend to [...]