Venture capitalist injects £10m into Oxford vaccine firm Vaccitech Oxford-based Vaccitech has agreed the funds from Future Planet Capital It is believed the capital will be used to help the roll-out of the Oxford vaccine Vaccitech is seen by some as Britain’s answer to German firm BioNTech By Alex Lawson For The Mail On Sunday … Read more
Taxpayer-owned NatWest blasted over legal costs for new PPI cases NatWest – 62% state-owned – has been slammed for wasting taxpayers’ money It is thought to have spent in excess of £10,000 on individual court cases Judge S. Mitchell questioned why it was spending so much defending a PPI claim By Emma Dunkley For The … Read more
CBI lobbies for cuts in Covid social distancing to help manufacturers The CBI has floated with Government the possibility of using Test to Release This would allow employees to work more closely together By Alex Lawson For The Mail On Sunday Published: 22:16 GMT, 26 December 2020 | Updated: 22:58 GMT, 26 December 2020 Britain’s … Read more
Online fraudsters hit lockdown shoppers as stolen payment cards for sale on ‘dark web’ rise By Neil Craven for The Mail on Sunday Published: 22:16 GMT, 26 December 2020 | Updated: 22:58 GMT, 26 December 2020 Cyber security experts recorded a sharp rise in online shopping fraud in November as stores shut during the month-long … Read more
Plumbing company Wolseley is targeted in a £600m buyout war Private equity firm Clayton Dubilier & Rice is said to be one of the bidders It employs former chief executive of Tesco Sir Terry Leahy as an adviser It is believed Wolseley could change hands for between £400m and £600m By Ben Harrington For The … Read more
City veterans and business leaders have cautiously welcomed the Prime Minister’s Brexit deal, but warned a similar deal for the City is now ‘urgent’. The trade deal, announced on Christmas Eve and with details still being raked over, follows four years of negotiation with the European Union. Before the stock market closed at lunchtime on … Read more
Fortnum & Mason boss hits out over tourist tax that could cost businesses at least £2bn By Adam Luck For The Mail On Sunday Published: 22:16 GMT, 26 December 2020 | Updated: 22:57 GMT, 26 December 2020 Threat: Fortnum’s chief Ewan Venters says the move shows the Government’s ‘lack of nous Government plans for a … Read more
Boost for smaller banks as Treasury names City veteran Keith Skeoch for major review Keith Skeoch will lead a review of banking regulations He will revisit the stringent rules put in place to rein in banks after 2008 crisis The review is also expected to form part of plans to boost the sector after Brexit … Read more
Entrepreneur Piers Linney doesn’t own a property, invest in the stock market or save into a pension. Linney, who made millions investing in tech firms before appearing on the BBC TV show Dragons’ Den as an expert investor, sold his London home after the Brexit vote and now rents. He has never saved into a … Read more
How will financial markets cope with 2021? There are two shafts of light: effective vaccines and a decent Brexit deal – and we can all surely agree there is huge relief that common sense has prevailed from all quarters. But beyond those, and beyond the prospect of a bumpy first half of the year and … Read more