Mayor of London calls for eviction ban extension for private renters January 7, 2021 The Mayor of London has called for an extension of the eviction ban as new figures show reports of rogue landlords have soared amid the pandemic. Despite having no formal powers over the private rented sector, Sadiq Khan is calling on the government to give renters the same protection as commercial tenants who were granted [...]
Puregym offers its sites as coronavirus vaccination centres January 6, 2021 Puregym is offering the use of hundreds of its closed sites as vaccination centres in the UK as the government rushes to administer jabs amid a surge in cases. Speaking on BBC Question Time, chief executive Humphrey Cobbold said: “I’ve got 270 sites around the country of gyms… I’ve got three and a half thousand [...]
NYSE reverts to original plan to delist Chinese telecoms firm January 6, 2021 The New York Stock Exchange has announced it will move forward with plans to delist three Chinese telecoms giants just days after u-turning. The exchange will remove US-traded shares of China Telecom, China Mobile and China Unicom “to comply with US law,” it said on Wednesday. The NYSE originally announced its delisting plans last week [...]
World Bank: Delays to vaccine rollout will dent recovery January 5, 2021 Global economic output is expected to increase this year but it is largely dependent on the success of a vaccine rollout, the World Bank has warned. The lender forecast that global GDP will expand four per cent in 2021 but will remain well below pre-pandemic projections due to a surge in new cases. The “heightened [...]
Qualcomm boss Steve Mollenkopf steps down after seven tumultuous years January 5, 2021 Qualcomm chief executive Steve Mollenkopf will step down after seven tumultuous years at the helm of the company. He will be replaced by his deputy Cristiano Amon who was “unanimously selected” by the board following Mollenkopf’s decision to retire. The end of Mollenkopf’s reign will allow Qualcomm to put its period of legal battles behind [...]
AIM higher: IPOs help junior index rally in 2020 January 5, 2021 Faced with a turbulent year, London’s AIM market ended the year higher after a rise in its healthcare and energy stocks and a slew of listings. The junior exchange rallied 21 per cent in 2020, closing at 1,157.04 by the end of the year. The FTSE 100 by contrast ended down 14 per cent on [...]
Startup predictions for 2021: Why the climate will be key January 4, 2021 The overarching story of 2020 for startups was the pandemic and the battle to innovate and to survive. This year the rise of healthtech and fintech startups will inevitably continue after record levels of investment last year with IPOs on the horizon for many. But away from the pandemic another crisis will become just as, [...]
Sterling hit by fresh UK lockdown fears January 4, 2021 Sterling weakened against the dollar this afternoon as fears of even tighter lockdown restrictions outweighed optimism surrounding a Brexit deal. Sterling had rallied after the last minute Brexit deal brought an end to the uncertainty surrounding Britain’s exit from the EU. But with Brexit finally over traders have turned their attention to the coronavirus pandemic [...]
UK fundraising hits ten-year high as listed companies scramble for cash January 4, 2021 Fundraising by London-listed businesses reached its highest level in a decade last year as the pandemic drove companies to raise money on public markets. 2020 saw the value of secondary equity raisings on the London Stock Exchange nearly double from £14.5bn in 2019 to £8.8bn in 2020, according to new research by Pinsent Masons. In [...]
Divorce Day: Women more likely to waive pension rights January 4, 2021 Women are more likely to waive their rights to a partner’s pension as part of a divorce, according to new Divorce Day research. The first working Monday of the year has been dubbed ‘Divorce Day’, traditionally the day family lawyers see a spike in couples filing for divorce. The pressure of home working, home schooling [...]
