Business news

• Businesses miss out on Covid cash after UK sticks to EU state-aid rules

  21-01-2021 22:01
  Companies angry at being locked out of £4.6bn grant scheme because they have already passed agreed cap on support
  
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• Next pulls out of race to buy Topshop-brands

  21-01-2021 21:37 via bbc.co.uk
  
  A consortium including the fashion chain will no longer bid to buy Topshop and Topman out of administration.
  
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• Sunak tells Tory MPs there is no ‘magic money tree’

  21-01-2021 20:36
  UK chancellor ready to raise taxes in his March Budget to start closing the huge deficit
  
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• Military medics to work in UK hospitals as Covid admissions soar

  21-01-2021 19:23
  London and Midlands sent 400 MoD staff and 110 being deployed to Northern Ireland to ease NHS pressure
  
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• Red tape delays goods for more than half UK companies trading with EU

  21-01-2021 17:54
  Combination of post-Brexit paperwork and Covid protocols leads to hold-ups, survey finds
  
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• Albion Capital set to bust £45m fundraise within one month

  21-01-2021 17:51 via growthbusiness.co.uk
  
  Originally written by Timothy Adler on Growth Business
  EXCLUSIVE: Albion Capital, the VCT investment manager, is set to go beyond its original £45m fundraise target, having raised £21m within just 14 days. The VCT points out that its latest fundraise, which launched on January 5, has raised cash three-and-a-half times quicker than its previous reach-out to investors this time last year. Albion, which
  
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• How peer support is helping me and my business

  21-01-2021 16:33 via growthbusiness.co.uk
  
  Originally written by Partner Content on Growth Business
  There has never been a more important time to invest in the future of your business by working with people who know business best. Other business leaders. Peer Networks is bringing together business leaders to work collaboratively to find solutions to common problems and develop opportunities. Whether an SME business is facing challenges around product
  
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• UK consumer spending falls sharply as lockdown bites

  21-01-2021 15:41
  Experimental data set points to much sharper decline than during Covid restrictions in November
  
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• Mystery of the UK’s vanishing foreign-born workers

  21-01-2021 15:00
  Official statistics fail to capture the departure of eastern Europeans
  
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• Covid: Nine million people forced to borrow more to cope

  21-01-2021 14:37 via bbc.co.uk
  
  There is a "widening financial gap" between households because of the pandemic, says the ONS.
  
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• Uber: London cabbies plan to sue for damages

  21-01-2021 14:26 via bbc.co.uk
  
  Thousands of the capital's taxi drivers have already signed up to the planned group legal action.
  
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• Plans to cap fees charged by claims companies

  21-01-2021 14:25 via bbc.co.uk
  
  It follows criticism that firms take a large proportion of compensation for mis-sold financial products.
  
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• Wales struggles to tackle Covid surge as public confidence slumps

  21-01-2021 14:16
  Popularity of first minister plummets following rise in cases and missteps over vaccination programme
  
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• UK watchdog to probe O2-Virgin deal over risk of higher prices

  21-01-2021 14:09
  Competition regulator outlines areas of potential harm in proposed £31bn telecoms merger 
  
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• UK seeks to scale up production of rapid Covid tests

  21-01-2021 14:01
  Government sets 2m a day target as it tries to shake off dependence on foreign manufacturing
  
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• Sanitizer-in-chief: Mysterious alcohol wipes-wielding man at Biden inauguration captures Twitter

  21-01-2021 12:07 via ibtimes.co.uk
  
  He never reneged on his duty to wipe the podium with alcohol wipes in between speakers to ensure that the area remained virus-free.
  
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• Thai King increases public presence while nation deals with crisis

  21-01-2021 10:28 via ibtimes.co.uk
  
  The increased presence comes as Thailand witnesses political and economic instability.
  
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• Almost 12,000 Moderna doses wasted during transport; delays Michigan vaccinations

  21-01-2021 10:05 via ibtimes.co.uk
  
  The gel packs that were used to maintain the temperature of the Moderna vaccines during shipment were too cold.
  
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• Ben Affleck, Ana de Armas 'talk regularly' and continue to be friends after split

  21-01-2021 09:55 via ibtimes.co.uk
  
  Among other "complicated" reasons, Affleck and de Armas could not agree on where to live.
  
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• 'Cobra Kai' season 4 to start production soon

  21-01-2021 09:45 via ibtimes.co.uk
  
  Casting calls hinted at the start of filming for "Cobra Kai" season 4 this week.
  
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• Chinese scientists successfully delay aging, extends lifespan of mice through gene therapy

  21-01-2021 09:38 via ibtimes.co.uk
  
  With additional funding, researchers are looking at testing the therapy on primates, and hopefully, make a big leap and test it on humans.
  
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• Meghan Markle didn't write 'I love you' in letter, claims estranged father

  21-01-2021 09:30 via ibtimes.co.uk
  
  Thomas Markle says that his daughter had instead spurned him in the controversial letter which "signalled the end" of their relationship.
  
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• Armie Hammer's ex-girlfriend says he was 'serious' about cannibalism

  21-01-2021 09:21 via ibtimes.co.uk
  
  Paige Lorenze, who dated Armie Hammer for months, said the actor was "100 percent serious" about eating her ribs.
  
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• Elon Musk finally responds to game developer who has been tweeting him for 154 days

  21-01-2021 09:01 via ibtimes.co.uk
  
  The game developer's idea of relentless tweeting was the key to getting the world's richest man to notice him.
  
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• Dominic West heads to Kenya for over a month after Lily James scandal

  21-01-2021 07:51 via ibtimes.co.uk
  
  Dominic West is Kenya bound for the organisation Save Lamu for which he is a patron.
  
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• Dustin Diamond in 'a lot of pain' amid cancer battle

  21-01-2021 07:47 via ibtimes.co.uk
  
  Dustin Diamond is keeping his spirits up despite his cancer prognosis not looking good at all.
  
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• Meghan Markle's former aides refuse to participate in case involving letter to father

  21-01-2021 07:17 via ibtimes.co.uk
  
  The so-called "Palace Four" includes Jason Knauf, former communications secretary to the Duke and Duchess of Sussex.
  
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• Cristiano Ronaldo leads Juventus to Italian Super Cup title

  21-01-2021 06:03 via ibtimes.co.uk
  
  Ronaldo and Morata helped Juventus beat Napoli 2-0 to take the trophy.
  
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• Millions of people face tax return fines due to Covid, body warns

  21-01-2021 06:00
  Campaign to extend self-assessment deadline rejected by HMRC
  
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• Flanders looks beyond Brexit Britain for business opportunities

  21-01-2021 06:00
  Region with close trade ties to UK plans strategy to support groups seeking new markets
  
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• Real Madrid crashes out of Copa del Rey, Ramos contract still in the air

  21-01-2021 05:06 via ibtimes.co.uk
  
  The La Liga champions were humiliated by third-division team Alcoyano, 2-1.
  
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• Vaccination sites out of reach for hundreds of thousands in England

  21-01-2021 05:00
  Immunisation rollout risks exacerbating income, ethnic and geographic divides, FT analysis shows
  
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• Covid vaccination sites out of reach for hundreds of thousands in England

  21-01-2021 05:00
  Immunisation rollout risks exacerbating income, ethnic and geographic divides, FT analysis shows
  
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• China's telecom giants ask for Wall Street relisting

  21-01-2021 04:07 via bbc.co.uk
  
  The New York Stock Exchange has already changed its mind several times about delisting the companies.
  
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• ECB meets as virus woes weigh on eurozone

  21-01-2021 03:57 via ibtimes.co.uk
  
  Analysts say inflation could bound higher later this year, powered by pent-up consumer demand once lockdowns start easing, particularly in travel and dining out.
  
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• Wall Street soars after smooth Biden inauguration

  21-01-2021 03:48 via ibtimes.co.uk
  
  Investors worldwide appear to have set aside concerns over the pandemic for now, though it continues to cast a shadow as governments in some countries keep lockdowns in place.
  
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• Trailblazer Kamala Harris: America's first woman vice president

  21-01-2021 03:33 via ibtimes.co.uk
  
  Harris, 56, enters the post having already forged a unique path, as California's first Black attorney general and the first woman of South Asian heritage elected to the US Senate.
  
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• UK virus variant sweeps world as Biden warns worse is to come

  21-01-2021 03:17 via ibtimes.co.uk
  
  The United States has already suffered more than 400,000 deaths -- almost one fifth of the global toll -- since the epidemic took hold early last year.
  
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• 'Democracy has prevailed': Biden enters the White House

  21-01-2021 02:54 via ibtimes.co.uk
  
  Biden, who has vowed a major escalation in the nation's Covid vaccination drive, warned that the "toughest and deadliest period" was still ahead.
  
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• Universities degree 'not the only route to success'

  21-01-2021 02:14 via bbc.co.uk
  
  Ministers announce plans to reform post-16 education to give employers the skilled people they need.
  
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• Covid: House hunters travelling 'hundreds of miles' to view homes

  21-01-2021 01:53 via bbc.co.uk
  
  Estate agents call for tougher measures - as buyers race to beat the end of the stamp duty holiday.
  
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• Further education blueprint promises more say for UK employers

  21-01-2021 01:03
  ‘Skills for Jobs’ white paper aims to boost flagging productivity and training for over-16s
  
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• 'I've never met my team but have lunch with them weekly'

  21-01-2021 01:02 via bbc.co.uk
  
  Some firms are encouraging staff who are working from home to take their lunch breaks together.
  
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• Ben & Jerry's maker Unilever to insist suppliers pay 'living wage'

  21-01-2021 01:00 via bbc.co.uk
  
  Unilever says that by 2030 suppliers must pay staff enough to cover a family's basic needs.
  
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• Brexit: 'I was asked to pay an extra £82 for my £200 coat'

  21-01-2021 00:59 via bbc.co.uk
  
  Shoppers buying items from Europe now have to pay customs or VAT charges on those above a certain value.
  
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