Sirius stock surges after Anglo American takeover approved March 4, 2020 Shares in embattled Sirius Minerals surged as markets opened after shareholders approved a controversial £405m takeover by mining giant Anglo American. Within minutes of the FTSE opening, Sirius’ stock had risen over 17 per cent as investors rushed to buy stock in the firm, which was rescued from potentially having to close its potash mine [...]
Asian stocks mixed after Fed rate cut fails to lift Wall Street March 4, 2020 Asian stocks posted a mixed day of trading overnight after Wall Street dropped in dramatic fashion despite an interest rate cut intended to give the economy a break from the coronavirus fallout. Japan’s Nikkei eked out a 0.08 per cent rise today but Hong Kong’s Hang Seng index slipped 0.12 per cent over the course [...]
Budget 2020: What is on the pensions industry’s wish list? March 4, 2020 As Rishi Sunak, the new chancellor, prepares for his first Budget next week, the pensions industry will be watching what happens with eagle eyes. Reports have circulated that the government, emboldened by its landslide General Election win last year, could bring in sweeping changes to how some people save for retirement. Some predict that Sunak [...]
DEBATE: Should the chancellor rethink plans to get rid of entrepreneurs’ relief in the Budget? March 4, 2020 Should the chancellor rethink plans to get rid of entrepreneurs’ relief in next week’s Budget? Caroline Plumb OBE, chief executive and co-founder of Fluidly, says YES. Critics of entrepreneurs’ relief want proof of its economic impact, but it’s not as simple as throwing a couple of headline figures around and dismissing beneficiaries as the already [...]
Priti Patel vs. Philip Rutnam: It’s in Britain’s interest that bureaucracy does not win March 4, 2020 The reverberations around the resignation of Sir Philip Rutnam, the top civil servant at the Home Office, continue. Priti Patel, the home secretary, is receiving a barrage of abuse. Labour’s John McDonnell has pronounced that he cannot see how Patel could carry on. He raised the possibility that she might be in some way “suspended”. [...]
Fuel prices fall on back of coronavirus crisis March 4, 2020 Coronavirus fears pushed prices lower on UK petrol station forecourts in February with some of the biggest reductions in diesel since 2000. According to data out today by the RAC, average UK unleaded petrol fell 2.93p to 124.02p a litre by 29 February, compared to 126.95 at the start of the month. Diesel also fell [...]
Andrew Bailey urged to keep climate focus at Bank of England March 3, 2020 Incoming Bank of England governor Andrew Bailey must maintain Threadneedle Street’s concern with climate change after he takes over this month, more than 101 economists, scientists and industry leaders have said in a letter. Signatories to the letter, organised by left-leaning research and campaign groups, include former UK chief scientific adviser Sir David King and [...]
Sirius shareholders approve controversial Anglo American £405m takeover March 3, 2020 Investors have approved a controversial rescue bid by rival Anglo American for troubled mining firm Sirius Minerals. The meeting in London today approved the deal with 80.3 per cent of votes in favour and 19.7 per cent against. It will provide a saving grace for Sirius’ north Yorkshire mine, which was set to be closed [...]
The sharing economy is about building a sustainable future March 3, 2020 For those unaware of what the sharing economy is, just look to your phone. Whether it’s renting someone else’s home for a holiday, borrowing a designer dress, or sharing a car with strangers, peer-to-peer platforms are allowing us to trade our spaces, skills and stuff, all at the click of a button. Right now, 5.3m [...]
Want to help Australia after the bushfires? March 3, 2020 | City Talk New extended working holiday visas for visitors to help with the recovery from the Australian bushfires If you’ve been shocked by the extensive devastation in Australia following the bushfires, you may be thinking about how you can help. When it seems like the rain will never stop in the UK, some time out travelling Australia [...]