Google invests £859m in German clean energy and digital infrastructure : CityAM August 31, 2021 Google has announced it will invest €1bn (£859m) in German clean energy and digital infrastructure between now and 2030. Today, the tech behemoth has agreed a 92 megawatt deal with ENGIE, a large European utility company, which will assemble a green energy portfolio on Google’s behalf. The company is aiming for its German operations to [...]
City A.M. TV: A market snapshot August 31, 2021 Markets responded well to Fed Chair Powell’s key speech last Friday. The main US equity index rallied both on the speech and then continued its strength during yesterday’s US session (whilst the UK was closed for bank holiday). As well as new record highs for the S&P500 and NDX100, Powell’s dovishness also brought about a [...]
Animal Rebellion activists block UK’s largest dairy factory August 31, 2021 A group of 70 animal rights activists have blockaded the UK’s largest dairy factory to highlight the farming industry’s contribution to climate change. In the early hours of this morning, 30 Animal Rebellion activists locked themselves to a giant bamboo structure and concrete barricades in front of the Arla Foods distribution centre in Aylesbury. Police [...]
Marks & Spencer stores stop selling suits as shoppers opt for casual wear August 31, 2021 More than half of Marks & Spencer stores across the country have stopped stocking suits as office working falls out of fashion. Just 110 out of the retailer’s 254 clothing stores are still selling suits as consumers opt for more relaxed outfits in the wake of coronavirus lockdowns. Shoppers bought 2m men’s suits in the [...]
Stamp duty taper triggers dip in mortgage approvals August 31, 2021 Mortgage approvals declined over the last month as the tapering of the stamp duty holiday deterred Brits from pushing ahead with homepurchases, according to official data published today. Data from the Bank of England shows there were 75,152 mortgage approvals in July, the first full month after the stamp duty taper, down from 80,272 in [...]
BBC licence fee may shrink in real terms as ministers reject inflation link August 31, 2021 The BBC licence fee will increase by less than the rate of inflation out until 2026 because ministers are concerned about hitting households with higher bills, the Times has reported The dominant public service broadcaster is in the middle of a funding squeeze that has forced it to restructure major parts of its news production. [...]
FTSE lender Non-Standard Finance’s chief executive departs August 31, 2021 British lender Non-Standard Finance (NSF) has announced that its CEO John van Kuffeler will today step down, with Jono Gillespie, the company’s CFO, succeeding him. The chairman of NSF, Charles Gregson, said the leadership change was a “long-planned” decision which was “agreed with John Van Kuffeler” in light of the company’s pending recapitalisation and meetings [...]
Norwegian hails stronger financial position as bookings increase August 31, 2021 Norwegian Air Shuttle this morning hailed a “clear improvement” in its financial position as bookings at the carrier continued to increase. The airline, which recently emerged from a brutal restructuring period, reported revenues of 591m Norwegian crowns (£49.6m) in the first half of the year. It added that 32 of its 51 planes – a mere third [...]
Gaming shares slide after China puts limits on kids playing online games August 31, 2021 China’s new rules forbidding under-18s from playing online games for more than three hours per week to curb youth video game addiction. China’s National Press and Publication Administration announced yesterday that gamers under 18 are only allowed to play online between 8-9 pm on Fridays, weekends and holidays. The authorities have instructed gaming companies to [...]
Robinhood shares fall 9 per cent amid Paypal news and SEC ban fears August 31, 2021 Robinhood shares have plummeted after Paypal announced it could launch a rival brokerage and the SEC said a ban on order flow is a possibility. Robinhood, a trading platform for non-professional investors, saw its share price fell as much as 8.68 per cent from highs of $46.87 yesterday to lows of $42.80 today, after Paypal announced [...]
