Challenger Monument banks £28m from investors
A challenger bank that wants to target Britain’s wealthy savers has raised close to £30m as it finalises plans to launch later this year. Sky… Read More »Challenger Monument banks £28m from investors
Misc
Elon Musk is no longer the world’s richest person after losing $15bn
Tesla boss Elon Musk is no longer the world’s richest person after shares in the electric car company fell by 8.6% this week, leaving him… Read More »Elon Musk is no longer the world’s richest person after losing $15bn
Urban agriculture giant Infarm plots $250m financing
Infarm, one of the world’s fastest-growing vertical farming companies, has picked bankers to line up a mammoth fundraising that will underline burgeoning investor interest in… Read More »Urban agriculture giant Infarm plots $250m financing
Mike Ashley’s Frasers expects to book £100m charge as lockdown drags
Frasers Group, the retailer controlled by Mike Ashley and formerly known as Sports Direct, says it expects to book a £100m charge as a result… Read More »Mike Ashley’s Frasers expects to book £100m charge as lockdown drags
British Airways boosts cash reserves by £2.45bn to weather COVID turbulence
The owner of British Airways has announced a new round of funding for its flagship airline amid continuing coronavirus crisis disruption to global travel. International… Read More »British Airways boosts cash reserves by £2.45bn to weather COVID turbulence
Restaurant chain eyes 1,800 new jobs in COVID-busting expansion plan
A restaurant chain has announced plans to almost double its interests in the UK, buoyed by a leap in delivery and takeaway sales during the… Read More »Restaurant chain eyes 1,800 new jobs in COVID-busting expansion plan
Travel industry calls for vaccine passports and relaxation of travel advice as part of easing lockdown restrictions
The travel industry has called on the government to introduce vaccine passports and relax its travel advice as part of the government’s roadmap out of… Read More »Travel industry calls for vaccine passports and relaxation of travel advice as part of easing lockdown restrictions
Pound passes $1.40 for first time in nearly three years
The pound passed US$1.40 on Friday for the first time in nearly three years. Just after 1.30pm, the pound was up 0.4% on the day… Read More »Pound passes $1.40 for first time in nearly three years
Greensill and Apollo in talks about multibillion dollar financing deal
A specialist finance provider advised by David Cameron, the former prime minister, is in talks with the giant American investment firm Apollo Global Management about… Read More »Greensill and Apollo in talks about multibillion dollar financing deal
Google sacks founder of its AI ethics programme amid ‘sexism and discrimination’ claims
Tech giant Google has fired the head of its artificial intelligence (AI) ethics programme, claiming she had broken the rules on moving files outside of… Read More »Google sacks founder of its AI ethics programme amid ‘sexism and discrimination’ claims