Flaring up, with ‘pingdemic paralysis’ and swarming flying ants
Amid the furore over where an England fan put a flare at the Euro 2020 final, other things could be about to rage. With warnings of ‘pingdemic paralysis’, it’s claimed that 1.6 million people in England were told to isolate due to COVID-19 this week and UK chief medical officer Chris Whitty says the nation could quickly return to crisis. In economic fallout, a House of Lords committee says the Bank of England has a ‘dangerous addiction’ to quantitative easing.
We’re coming out in a rash of jealousy as an 18-year-old joins Elon Musk’s inaugural space flight to replace a $28m buyer with a ‘scheduling conflict’. As Revolut’s founder joins the multibillionaire club with the company becoming Britain’s most valuable fintech firm, more than 100 people who invested in its first funding round via Crowdcube are now millionaires after a 600-fold return. Equity partners at ‘magic circle’ law firm Allen & Overy are earning an average of £1.9m each and actor Mark Wahlberg is making money too, backing a fitness chain valued at $1.4bn in an IPO. As Marble Arch’s 25-metre mound prepares to open, London is set for a swarm of flying ants, while for much more dangerous threats such as hypersonic cruise missiles, Edison’s German client Mynaric is helping the US Space Development Agency build a network of up to 1,000 reconnaissance satellites.
Corporates are enjoying a spending epidemic, with Burberry sales returning to pre-pandemic levels and distribution group DCC trading ‘very well’. Intel is considering a $30bn takeover, while Zoom has acquired a start-up that can create real-time translations on video calls and exhibitions company Ascential is making a $122m US purchase. As Glaxo outlines plans for 5,000 new jobs at a Stevenage life sciences park, Edison’s latest Healthcare Insight includes profiles on 47 companies. The FTSE All Share is enjoying the ride.
Waiting for the Sky to Fall
As the ‘end of Bugatti as we know it’ is predicted, this forecaster is warning of a US stock market correction of at least 10% in August and this €9m stash of cocaine has already fallen on somebody’s house in Sardinia. Still, it’s taken two years of restoration work to wipe the smile off the face of this Dutch vegetable seller. In the meantime, this job is offering $100,000 a year to eat tacos.