More than 3m older people can’t downsize due to lack of suitable housing August 13, 2020 More than 3m people in the UK over the age of 65 want to downsize to a smaller home but can’t due to a lack of suitable housing and a competitive market. Ahead of the Autumn Budget, a report by Homes for Later Living called for ministers to set a goal of building 30,000 retirement [...]
Lyft maintains end-2021 profitability goal August 12, 2020 Lyft said today that cuts had put the company on track to reach its goal of becoming profitable on an adjusted basis by the end of 2021, even as its revenue fell 61 per cent. Quarterly revenue fell to $339.3m, as the pandemic crushed demand for ride-hailing services in North America. The ride-hailing app said [...]
With five months to prepare, the A-level results fiasco is a scandal of the government’s own making August 12, 2020 A-level results day is always fraught with drama. Whether its moral panic of grade inflation, handwringing about the relative value of a university degree, or outrage over news stories being illustrated by delighted blonde girls jumping into the air with joy, results day “scandal” it’s a staple of the August news calendar. This year is [...]
UK coronavirus death toll lowered after methodology change August 12, 2020 The official death toll from coronavirus in the UK was lowered by over 5,000 today after the government adopted a new way of counting fatalities. Concerns had been raised that the old method overstated the number of deaths, as it counted every death after someone had been diagnosed with coronavirus with no cut-off point. From [...]
Goldman and Barclays eye General Motors’ credit card business August 12, 2020 Goldman Sachs and Barclays are reportedly among bidders for General Motors credit card unit. The two banks are among a small number of suitors for the car company’s credit card business which has about $3bn (£2.3bn) in outstanding balances, according to The Wall Street Journal. Goldman currently has a relatively small presence in consumer banking, [...]
UK nightclubs make reopening plea ahead of ‘make or break’ period August 12, 2020 The UK’s nightclub sector has issued a desperate plea to the government to outline a plan for reopening venues, warning uncertainty could lead to widespread closures and job losses. Trade body UK Hospitality today warned that a lack of clarity over the easing of restrictions had put many clubs in a “precarious position”, while continued [...]
Customers question value of clothes bundles in Edinburgh fashion firm’s Lost Stock charity venture August 12, 2020 Frustrated customers have hit out at Lost Stock, a coronavirus charity venture led by an Edinburgh-based fashion company, claiming it misled shoppers over the value and quality of items sold. Mallzee launched its Lost Stock initiative in June following reports that some high street stores had cancelled stock orders with clothing factories in Bangladesh, which [...]
Beauty’s in the eye of beholder, MP says of planning reforms August 12, 2020 The government’s proposed planning reforms may be difficult to implement proposed if “beauty” clauses are left in, according to the head of a parliamentary house builders group. Conservative MP – and chair of the All Party Parliamentary Group for SME House builders – Andrew Lewer told City A.M. that it would be “difficult to square [...]
Three dead after Scotland train incident August 12, 2020 Three people have died and one person is said to be missing, after a train in Scotland was derailed by a landslip this morning. The British Transport Police said three people had died at the scene, including the driver of the train. Six others were taken to hospital but their injuries were not thought to [...]
Tesla shares spike on five-for-one stock split August 12, 2020 Tesla’s move to split its stock into smaller chunks caused its share price to jump more than eight per cent as markets opened this afternoon. Analysts said the split had the potential to extend a 200 per cent rally in Tesla’s shares this year by making it easier for retail investors to hold the stock. [...]