Gold prices set for second week of falls as vaccine hopes spur traders November 20, 2020 Gold prices were on track to fall for a second consecutive week as investors chanced their arms on equities again on news of not one but two effective coronavirus vaccines. The safe haven asset has seen prices jump almost 25 per cent this year, with traders piling in as stock markets melted down around the [...]
Gatwick Airport to open coronavirus testing centre November 20, 2020 Gatwick Airport will open a coronavirus testing centre at the end of the month offering passengers results the next day. From 30 November, passengers both arriving at and departing from the Sussex airport will be able to take a test for £60. The airport said the centre could help to fulfil the requirements of the [...]
Santander Cycles to cost commuters just £1 a week November 20, 2020 Londoners will be able to cycle to work for as little as £1 a week under a new scheme being launched by Santander Cycles. Cycling to work provider Cyclescheme has partnered with Transport for London (TfL) on a new programme called City Bike Hire. Under it, those employers who nominate Cyclescheme as their cycle to [...]
Sage sees revenue rise on bump in software subscriptions November 20, 2020 Software group Sage today said that a bump in subscriptions had helped it increase revenue nearly a tenth across the last financial year. The Newcastle-based company saw revenue rise 8.5 per cent to £1.6bn for the year, with subscription growth up 20.5 per cent to £1.1bn. Sage added that it had seen particularly strong growth [...]
Unite Students to buy 800-bed development from Travis Perkins November 20, 2020 Student accommodation developer Unite Students has bought a new 800-bed site in Paddington from Travis Perkins, the company announced today. Total development costs for the project are expected to be £150m, which will be funded through proceeds from its last equity raise. Unite is planning to open the development – its second partnership with Travis [...]
Israel and Sri Lanka added to quarantine free travel corridors list November 19, 2020 Israel and Sri Lanka are among nine countries to have been added to the UK’s travel corridor list, meaning that people can travel to them without quarantining on return. The other countries added to the list are Namibia, Rwanda, Uruguay, Bonaire, St Eustatius and Saba, the Northern Mariana Islands, and the US Virgin Islands. It [...]
Jet2 cagey on next summer after passenger numbers collapse November 19, 2020 Travel firm Jet2 said it remained cautious in its outlook for next summer after falling to a pre-tax loss of £119.3m for the first half of the year. With travel bans and quarantine restrictions in place for much of the six months to 30 September, the package holiday company swung from a £337m profit the [...]
Thyssenkrupp to slash 5,000 more jobs as firm steels for more pain November 19, 2020 German industrial giant Thyssenkrupp will cut another 5,000 jobs after posting a massive €1.6bn loss in the last financial year. The latest round of cuts comes on top of 6,000 redundancies announced last year, meaning the conglomerate is axing a tenth of its 104,000-strong workforce in total. Chief executive Martina Merz warned that the company’s [...]
Royal Mail boosts revenue estimates but profit collapses November 19, 2020 Royal Mail increased its estimates for full year revenue today as the surge in online shopping caused by the coronavirus pandemic boosted its turnover. However, it warned that it was still struggling with its loss-making letters division, as well as a sharp rise in costs. For the full year, the firm said that revenue could [...]
Exclusive: Coronavirus sees boost in internal hiring November 19, 2020 The coronavirus pandemic has spurred firms to look inwards when it comes to hiring for new roles, City A.M. can reveal. New data from LinkedIn shows that internal hiring at UK firms rose 20 per cent compared to last year between April and August. Other countries around the world are experiencing a similar surge in [...]
