Pub group Wetherspoons has gone cap-in-hand to investors for the second time since the pandemic began as it attempts to keep its head above water. It is hoping to raise between £92.1million and £93.7million to see it through the rest of the year, by selling up to 8.4m shares. This would mean offloading them for … Read more
Demand for business loans during the pandemic lifts profits at peer-to-peer lender Funding Circle By Daily Mail City & Finance Reporter Published: 21:51 GMT, 18 January 2021 | Updated: 21:51 GMT, 18 January 2021 Peer-to-peer lender Funding Circle said its total income in the final six months of 2020 was up 26 per cent Demand … Read more
The government has been urged to help save the Scouting movement after it reported a ‘drastic downturn’ in income due to the pandemic. The Scouts Association has already made 100 redundancies after finding itself in ‘severe financial difficulty.’ But its plans to sell off Baden-Powell House – the London HQ named after its founder in … Read more
AI chipmaker Graphcore attracts funding to the tune of £164m as global investors back Bristol-based unicorn Bristol-based Graphcore was begun in 2016 by Simon Knowles and Nigel Toon Its latest funding round was led by the Ontario Teachers’ Pensions Plan Board Back in July, the business released its latest-generation AI chip, the GC2000 By Harry … Read more
Fishermen will receive ‘a major funding package’ to help them take advantage of Brexit, Michael Gove pledges Cabinet Office minister insisted new trade agreement was ‘best possible deal’ Fishing leaders have accused Boris Johnson of betrayal for the compromise Mr Gove said it gives the UK ‘control over who comes into our territorial waters’ By Daily … Read more
A culture minister today warned MPs that an alternative means of funding the BBC will ‘eventually’ have to be looked at. John Whittingdale told the Digital, Culture, Media and Sport Committee that the licence fee model is guaranteed until 2027. The ‘justification that everybody benefits from paying it because everybody benefited from the BBC is … Read more
Boris Johnson vows to axe funding for overseas fossil fuel projects ‘as soon as possible’ ahead of UN climate summit PM wants to stop promoting new crude oil, natural gas and thermal coal scheme Boris Johnson described the move as ‘ambition on a truly grand scale’ It is a significant change as the government has … Read more
Ben Wallace today admitted he does not know how the Government will fund a £24 billion budget boost for the Ministry of Defence amid fears UK foreign aid spending will be raided. Boris Johnson has announced the armed forces will receive an extra £16.5 billion over the next four years on top of a previous … Read more
Poland has warned that an escalating funding row could cause ‘a break-up of the EU’ after it teamed up with ally Hungary to block the coronavirus rescue budget that ‘blackmailed countries into accepting migrants’. On Monday, the two countries blocked the 2021-2027 budget and the recovery plan, worth a combined 1.85 trillion euros (£1.65 trillion), because … Read more
Care homes desperately need more funding to enable family visits this Christmas, a major report concluded yesterday. Ninety-four per cent of care home managers are trying to arrange visits but the cost of making it happen is an enormous barrier, the National Care Forum (NCF) found. It said an urgent injection of Government funding is … Read more