Before the Bell: Europe set for positive start as China data points to choppy recovery March 15, 2021 While US markets by and large have managed to retain their resilience, with new record highs for the Dow, S&P500 and Russell 2000 last week, the gains have been notably in sectors left behind by the huge tech rally that has help support most of the move higher in US equities over the last few [...]
Deliveroo plans to issue £1bn of new shares in upcoming London float March 15, 2021 Food delivery giant Deliveroo said this morning that it plans to offer around £1bn of new shares in its upcoming London float. The company confirmed that its public listing will also include the sale of shares by certain existing shareholders. Deliveroo further added that it will have two classes of shares, with founder and chief executive Will Shu [...]
Sadiq Khan calls for watchdog inquiry into police action at Sarah Everard vigil March 14, 2021 Sadiq Khan has said he is “not satisfied” by Met commissioner Cressida Dick’s explanation of heavy-handed police actions at Sarah Everard’s Clapham vigil last night, calling for a full investigation by two police watchdogs. The mayor of London, who has oversight of the Metropolitan Police, said he had “received assurances” from the police that the [...]
Markets: FTSE eeks out gains as UK’s GDP drops March 12, 2021 Markets: FTSE eeks out gains as UK's GDP falls
How millennial savings app Plum could lure a new generation of DIY investors March 12, 2021 The reason Victor Trokoudes started Plum may be a familiar story to some millennials. His dad started nagging him about putting money away after he realised he hadn’t been doing much about his savings despite working as a trader in the City. He started building Plum in 2016 with co-founder Alex Michael before its launch [...]
Castore founder Tom Beahon on swapping life in the City and as a footballer to start fast-growing British premium sportswear brand March 12, 2021 Steven Gerrard wasn’t the only Liverpudlian celebrating when his Rangers team returned to the summit of Scottish football last weekend. Watching at home on Merseyside were Tom Beahon, 31, and brother Phil, 28, the founders of British sportswear brand Castore. Last year, Castore signed Rangers as their first football client. On Sunday, they toasted the [...]
Biden: All US adults to be eligible for vaccines by May March 12, 2021 In a forceful but somber speech from the White House on the first anniversary of the pandemic lockdown, Biden said if Americans pulled together there could be a greater sense of normalcy – and some backyard barbecue parties with small groups – on the U.S. Independence Day holiday on 4 July. That date is a [...]
One-in-five UK exporters turn away from EU post-Brexit, says IoD March 11, 2021 One-in-five UK exporters turn away from EU post-Brexit, says IoD
Shareholder management platform Shaparency announces capital raise amid expansion March 11, 2021 Shareholder management platform Shaparency which claims to democratise business access has secured another capital raise amid its rapid expansion. While a number of companies switched to digital fairly seamlessly for the day-to-day business during the first lockdown, shareholder engagement was largely neglected. Globally just 15 per cent of corporate boards use digital platforms in AGM [...]
Rolls-Royce plunges to huge loss as Covid turbulence sets in March 11, 2021 Rolls-Royce swung to a £4bn loss in 2020, as the cost of Covid turbulence became clear. The aerospace giant plunged to a loss of £4bn compared to a £306m profit in 2019 as the pandemic stopped airlines flying. The firm’s underlying revenue also sunk to £11.7bn from £15.5bn the previous year. Rolls-Royce’s model of charging [...]