Innocent Drinks founders back broadband start-up taking on BT
Cuckoo will use £4m funding round to double its workforce in an attempt to hoover up more customers
26 April 2021 • 6:00am
A broadband start-up attempting to disrupt the dominance of BT has secured $6m (£4.3m) from investors, including the founders of Innocent Drinks.
Cuckoo plans to double its workforce following a fresh funding round supported by JamJar Investments, the fund created by Innocent s Richard Reed, Adam Balon and Jon Wright.
Spearheaded by former Treasury civil servant Alex Fitzgerald, Cuckoo wants to mirror the success of Bulb and Octopus Energy, which have become challengers in the energy market.
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Having duly wrapped up the opening round of pre-budget negotiations with his opposition counterparts, Prime
Minister Justin Trudeau will fire up his webcam to join his Liberal colleagues at their weekly virtual caucus confab before heading to the House of Commons to field questions from across the aisle. (2 PM)
Given the timing, he’ll likely be looking for any opportunity to put
Conservative Leader Erin O’Toole on the defensive over Saskatchewan backbench MP
Cathay Wagantall’s proposal to effectively criminalize sex-selective abortions by making it an offence for a medical practitioner to perform the procedure if they know that it is being sought “solely on the grounds of the child’s genetic sex.” which will hit the House floor for its first hour of debate this afternoon.
Having duly wrapped up the opening round of pre-budget negotiations with his opposition counterparts, Prime
Minister Justin Trudeau will fire up his webcam to join his Liberal colleagues at their weekly virtual caucus confab before heading to the House of Commons to field questions from across the aisle. (2 PM)
Given the timing, he’ll likely be looking for any opportunity to put
Conservative Leader Erin O’Toole on the defensive over Saskatchewan backbench MP
Cathay Wagantall’s proposal to effectively criminalize sex-selective abortions by making it an offence for a medical practitioner to perform the procedure if they know that it is being sought “solely on the grounds of the child’s genetic sex.” which will hit the House floor for its first hour of debate this afternoon.
Andrew Fleming, Financial Mindfulness chief executive and founder, said Government support likely stopped financial stress from spiralling as people became uncertain about their financial position during the pandemic.
“When people stopped going out, their personal savings increased and at the same time interest rates were adjusted to their lowest levels in history,” Fleming said.
“The combination of extra savings and cheap money fuelled a personal and Australia-wide economic bounce back. This is reflected in the FSI data collected at February 2021.
“This ‘bounce-back’ is evidenced in falling unemployment, gross domestic product (GDP) levels increasing and another property boom.”
The proportion of respondents that were “managing” fell from 41.5% in the first six months of the pandemic to 26.1% in the six months from September 2020 to the end of February 2021.
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