Ince Group sees revenue jump 87 per cent but just misses £100m target August 3, 2020 Legal and financial services firm Ince Group continued its rapid growth this year, with revenue increasing 87 per cent despite disruption from the coronavirus pandemic. Although the firm narrowly missed its target of £100m in revenue, the firm said its underlying business had proved “resilient” in the face of the pandemic. Shares in the firm [...]
Over four-fifths of UK midcaps have just nine months funding left August 3, 2020 Over four-fifths of the UK’s medium-sized businesses will not be able to continue trading for more than nine months under current funding arrangements, a new survey from accountants BDO has found. The 500 medium sized businesses have on average borrowed £21m in loans as a result of the coronavirus pandemic, the data showed. Of these, [...]
Former BoE governor Sir Mervyn King warns that increasing QE would be ‘premature’ August 3, 2020 The former Governor of the Bank of England has warned that it would be premature for the UK’s central bank to expand the quantitative easing scheme too early, saying such a step would be premature. Speaking to the Coronanomics podcast, King, who held the top job at the Old Lady of Threadneedle Street during the [...]
Pent-up demand pushes up competition for property despite coronavirus August 3, 2020 Years of pent-up demand are driving up competition for UK properties despite the coronavirus pandemic, a new survey from estate agent Knight Frank has found. The firm found that discounts are still being negotiated due to the ongoing downturn caused by the pandemic, but sellers are fast hardening their resolve as demand grows more quickly [...]
Byron saved from bankruptcy but 650 staff to be axed July 31, 2020 Burger chain Byron has been saved from bankruptcy this afternoon after it was bought by Calveton UK, with current investors taking a minority stake. However, more than half of the popular high street restaurant’s stores and employees will be axed as a result of the deal. Only 20 of Byron’s 51 restaurants will continue to [...]
City grandees recognised in latest Honours list July 31, 2020 A number of the City’s most prominent figures have been awarded peerages in the Queen’s latest honours list. Dame Helena Morrissey, founder of the 30% Club and one of the City’s best-known fund managers, will become a baroness, having been nominated by Johnson. The Prime Minister also nominated billionaire Michael Spencer, the founder of ICAP [...]
Still safe to return to work, Boris Johnson says, despite reopening pause July 31, 2020 Businesses will still be allowed “more discretion” on whether to make employees return to work from next week, Boris Johnson confirmed today, despite delaying the easing of lockdown for many leisure activities. However, the Prime Minister insisted that if employers did not make sure their workplaces were safe they could face legal punishment. “If employers [...]
London temperature hits 35C on hottest day of year July 31, 2020 Temperatures have hit 35 degrees in London today, making it officially the hottest day of the year so far. And according to the Met Office, the mercury is set to rise further as the afternoon continues. In a tweet, the Met Office said: “It’s the hottest day of the year so far… and the temperature [...]
Scotland warns against all travel to north of England after lockdown reimposed July 31, 2020 The Scottish government has warned against all non-essential travel to Greater Manchester and other parts of northern England after ministers imposed lockdown restrictions on the area. First minister Nicola Sturgeon said: “I strongly advise anyone planning to travel to areas affected in the north of England, or anyone planning to travel to Scotland from those same areas, [...]
Lockdown in north-west England: What are the new rules? July 31, 2020 Last night health secretary Matt Hancock announced via Twitter that millions of people in northern England would be subject to new restrictions after an increase in coronavirus cases. The new rules, which met with criticism over how they were announced, apply to people in Greater Manchester, east Lancashire and parts of West Yorkshire. The measures [...]
