Reception for Cineworld results sends short sellers a wake-up call November 16, 2021 Short sellers experienced a wake-up call yesterday after their pandemic target Cineworld saw its share price shoot up 7 per cent on better-than-expected results. Cineworld has consistently ranked as the most-shorted company in the UK for much of the last eighteen months, after it was forced to close its 9,518 cinema screens during Covid lockdowns. [...]
Post-COP26 beating: All eyes on mining firms today after investors dump stocks on merciless Monday November 16, 2021 Investors yesterday dumped mining stocks as the future of coal looks bleak during the first day of trading on the London Stock Exchange since the COP26 agreement was signed over the weekend. Several big names saw falls, including Evraz down 16.8p at 603.2p; BHP down 37.4p at 1923.4p; Antofagasta down 28p at 1,460p and Anglo [...]
Business leaders sound alarm bells as Scotland slides towards new Covid restrictions November 16, 2021 To slow rising numbers of Covid infections across Scotland, first minister is expected to reveal if further coronavirus restrictions, including an extension of Scotland’s vaccine passport scheme. Business leaders, however, have claimed almost two-thirds of firms are opposed to the measures being considered, fearing they could “place thousands of firms and jobs at risk”. A [...]
88 miles north of Glasgow: Western Scotland hit by earthquake November 16, 2021 An earthquake shook Western Scotland in the early hours of today as residents of the region received a bump in the night. A quake with a magnitude of 3.1 occurred just before 2am with its epicentre some 11 miles north-west of the town of Lochgilphead, 88 miles north of Glasgow, the United States Geological Survey [...]
Future of travel special: Pent-up wanderlust, streaming and, of course, a lot of tech November 16, 2021 After three strict lockdowns, the old adage ‘trip of a lifetime’ has never been more appropriate. Nearly two years into the pandemic, constant reminders of how precious life is have inevitably left their mark, bringing an increased awareness of what really matters, which is quite a motivation for many people to stop putting off that [...]
Banks lose out as Brits join the open finance craze under lockdown November 15, 2021 Brits dissatisfied with services offered by traditional banks are being lured into the world of open finance in increasing numbers. During the pandemic, challenger banks and fintechs tripled their share of the credit card market and grew their personal loan books by 50 per cent according to new data from ClearScore. The research showed that [...]
The crypto industry is a ‘two front war’ says Blockchain.com’s strategy lead November 15, 2021 Blockchain.com’s chief strategy officer called the crypto industry a ‘two front war’ in which traditional institutions are struggling to keep up with grassroots innovation. Charlie McGarraugh, joined representatives from Coinbase, GSR and Enigma Securities to discuss institutional access to the crypto market at the Digital Asset Summit. Speaking in London today McGarraugh of crypto exchange [...]
McLaren rubbishes “wholly inaccurate” Audi takeover report November 15, 2021 Supercar maker McLaren has quashed reports of a takeover by German manufacturer Audi. Autocar reported this morning that Audi, whose parent group is Volkswagen, were set to take control of the Surrey-based operation, including its Formula One operation. But a spokesperson for McLaren told City A.M. this afternoon that the report is “wholly inaccurate.” “McLaren’s [...]
MPs furious Northern Powerhouse Rail upgrade will most likely be scaled back November 15, 2021 Reports that rail upgrade plans for the North of England are to be watered down have caused outrage and frustration among a number of MPs. According to the i, the Government is to scale back ambitions for Northern Powerhouse Rail, with proposals to deliver it through track upgrades rather than building a new line. Shadow [...]
UK business sentiment hits 12-month low amid supply chain and inflation woes November 15, 2021 British business sentiment dropped to its lowest level in a year in October, dragged down by fears of looming inflation and supply chain pressures that could undermine a sustained recovery from Covid disruption. Inflation expectations among UK business leaders surge to a record high last month, with 66 per cent expecting non-staff costs to increase [...]