Gold consolidates near record highs as US-China tensions escalate August 7, 2020 Gold climbed further as demand for the precious metal surges against a backdrop of escalating US-China tension. The price of gold per ounce teetered between small gains and minor losses during the Asia session but seems to have stabilised around the $2,060 mark. It rose to new record highs in the early part of the [...]
TP ICAP sees slow start to second half but retains guidance August 7, 2020 TP ICAP reported a slow start to the second half as the high level of trading activity during lockdown started to fade. Despite a slowdown in activity the inter-dealer broker maintained its guidance of low single-digit revenue growth for the year. The figures TP ICAP increased underlying profits in the period to £136m, up from [...]
The City View: Rachel Cunliffe on why working from home isn’t great for everyone August 7, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In this episode Christian is joined by City A.M.’s comment and features editor, Rachel Cunliffe, who talks about her recent column on why working from home doesn’t suit everyone. Rachel talks about young people in houseshares in particular, as well as those who don’t have the luxury of a separate work [...]
Uber’s food delivery business doubles but demand for rides falters August 6, 2020 Uber said demand for its food-delivery service doubled in the second quarter as users were locked down due to the pandemic, while demand for rides was hit. The company maintained it was sticking to its goal of being profitable on an adjusted basis before the end of next year. Today it reported that revenue in [...]
Belgium, Andorra and the Bahamas added to UK’s quarantine list August 6, 2020 Belgium, Andorra and the Bahamas have been added to the UK’s quarantine list, after a spike in coronavirus cases. People arriving in England from Andorra, Belgium and the Bahamas from 4am on Saturday 8 August will have to self-isolate for two weeks. Tweeting on Thursday evening, transport secretary Grant Shapps said: “Data shows we need [...]
People must have the confidence to return to work, says PM August 6, 2020 An economic recovery will require people to have the confidence to get back to the office, the Prime Minister has said in his latest attempt to push the UK to return to work. During a visit to a housing development in Warrington this afternoon, Boris Johnson told reporters there were “real signs of strength in [...]
Markets live: US stocks dip on stimulus fears after miners pull FTSE 100 lower August 6, 2020 The FTSE 100 sank sharply today as traders appeared to react negatively to the Bank of England’s relatively upbeat assessment of the UK economy, amid fears of a lack of fresh US stimulus. The UK index dropped 1.32 per cent to 6,024 points by 4pm, after the Bank said the economy would fall less sharply [...]
England’s coronavirus spread slowed as lockdown eased, according to study August 6, 2020 The spread of coronavirus in England slowed as the country transitioned out of the initial lockdown phase and shops, pubs and restaurants started to reopen. The spread of infections slowed in June and early July, according to an Imperial College study of 150,000 volunteers. “As the SARS-CoV-2 epidemic in England transitioned out of its initial [...]
Edward Bramson resumes activist campaign against Barclays August 6, 2020 Edward Bramson has renewed his activist campaign against Barclays’ investment bank, even after the division reported a surge in revenue this year. Bramson reportedly told shareholders in his investment Sherborne Investors that the pandemic had “significantly distorted the first half results of all the banks”. In April Bramson called a temporary truce in his battle [...]
London sees fresh fall in permanent jobs placements August 6, 2020 London recruiters saw a further decline in permanent jobs placements last month as firms transitioned out of the downturn caused by the pandemic. The fall in placements across London was stronger than those seen across the rest of England, according to KPMG and REC’s latest report on jobs. However the decline was the least marked [...]
