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Ministers to streamline HGV testing amid Christmas supply chain fears
The government is to streamline HGV driver testing in an attempt to prevent a supply chain crisis at Christmas.Changes to the testing regime are expected to be announced in the coming days, perhaps as soon as Thursday, amid dire warnings from the industry about the impact of ongoing shortages. Sources with knowledge of talks between …
Business
Evening Standard
iPhone 13 release: Apple announces 2021 livestream event
Apple has sent out invitations to a September virtual event and it is likely to see the unveiling of the latest generation iPhones. The tech giant told invitees its event is set to take place on Tuesday 14 September at 6pm BST. It will be streamed live on Apple.com. Full details of what the event …
Business
Sky News
Bank of England governor highlights worker shortage worry as recovery seen ‘levelling off’
Bank of England governor Andrew Bailey said he was concerned about worker shortages persisting as he acknowledged the UK’s economic recovery is levelling off.He identified the problem as one of the key issues as he was quizzed by the Treasury select committee over latest Bank forecasts that inflation will rise to a ten-year high of …
Business
Evening Standard
Car insurance startup Marshmallow becomes Britain’s latest unicorn
Marshmallow, a car insurance start-up founded by identical twin brothers in their twenties, has become Britain‘s latest unicorn and is now planning expansion around Europe. Londoners Oliver and Alexander Kent-Braham, 29, raised $85 million (£62 million) in their Series B funding round from big-name tech investors including Monzo backer Passion Capital, Investec Bank and Scor, …
Business
Evening Standard
Online marketplace Fruugo becomes latest tech firm to reveal plans to list in London
Online marketplace Fruugo has became the latest tech firm to reveal plans to float on London’s junior AIM index. The cross-border marketplace is headquartered in Ulverston, Cumbria, from where it helps 1,400 mainly small and medium sized retailers win customers around the world. Employing proprietary tech and data science, Fruugo allows shoppers to purchase across …
Business
Business Weekly
US, China and Japan investors back $37m PetMedix Series B
Heavyweight Chinese, Japanese and US backing has allowed Cambridge animal healthtech company PetMedix™ to complete an oversubscribed $37 million Series B round to advance its innovative pipeline through clinical development. And the Babraham-based company is looking for more. The investment brings two new investors into PetMedix – global technology company Tencent and Japanese corporation Kyoritsu …
Business
Sky News
Weetabix workers to strike – and union says it will result in cereal shortages
Workers at two Weetabix plants are to stage strike action later this month in a dispute over contracts, trade union Unite said.Members of the union working as engineers will walk out for 48 hours from 21 September. This will be followed by strikes on the same day every week throughout the autumn until 30 November. …
Business
Business Live
Historic Stroud paint manufacturer acquired by expanding Welsh decorating merchant
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Business
Evening Standard
Cinven snaps up True Potential in £2.5 billion deal
PRIVATE equity giant Cinven is close to a £2.5 billion deal to buy True Potential, a wealth manager that is seen as a serious rival to Hargreaves Lansdown and AJ Bell.Founded and run by a father and son team, True Potential sells its investment platform to financial advisors across the UK and direct to the …
Business
Evening Standard
Monzo taps ex-Purplebricks CFO James Davies to lead finances as recovery continues
Digital bank Monzo has poached its new finance boss from outside the banking industry, tapping up the former chief finance officer of Purplebricks.Staff were told on Tuesday that James Davies will join as CFO later this month. Davies is currently the finance chief of household repairs and insurance group Domestic & General. Prior to that …
Business
Business Live
Home Group secures £125m funding linked to sustainability targets
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Business
Business Live
Hull Kraken helps pull in 2.4m visitors to city as £30m maritime project progresses
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