What does China’s stock market meltdown mean for investors? August 2, 2021 Chinese markets have hit headlines again in recent weeks. Geopolitical tensions surrounding trade remain, but market behavior and performance – particularly in the tech sector – has also come to the fore. We asked Tom Wilson, Schroders’ Head of Emerging Market Equities, what’s causing the upset. The Chinese government seems to be cracking down on [...]
Westminster becomes newest borough to join London’s e-scooter trials August 2, 2021 E-scooters will be rolling out across the West End after Westminster Council and TfL agreed to extend a trial of the new transport tech into the hear of the capital. Westminster has now joined Ealing, Hammersmith & Fulham, Richmond, Kensington & Chelsea, Canary Wharf and Southwark in the trial. The use of privately owned e-scooters [...]
Bitcoin winning streak comes to end as Ethereum takes lead August 2, 2021 Crypto at a Glance Bitcoin’s longest winning streak in eight years came to a halt on Saturday, though the world’s largest cryptocurrency still enjoyed a relatively leisurely weekend changing hands for more than $42k – the highest the price has been since mid-May. The Bitcoin price climbed every day for ten days in a row, [...]
Government to pump £5bn into speedier internet to accelerate Covid recovery August 2, 2021 The government is pumping £5bn into speeding up internet access to those in rural parts of the UK, in a bid to accelerate the country’s Covid-19 recovery. Millions stand to benefit from the government’s Project Gigabit fund, which seeks to upgrade digital infrastructure in hard-to-reach areas. The fund also looks to “fire up” high-growth sectors [...]
Heineken Doubles Profits Amid Easing Lockdown Restrictions August 2, 2021 Heineken, Europe’s largest beer manufacturer, has doubled its earnings for the first half of the year. Operating profit increased by 109.3 per cent reaching 1.63 billion euros (£1.39 billion). The results far exceeded the average expectation of a company-run poll of analysts predicting profits of 1.22 billion euros. Dolf van den Brink, Heineken’s CEO and [...]
Pandemic fuels fresh business creation as entrepreneurs spy ‘unique’ opening August 2, 2021 The pandemic has been the core reason for some 26 per cent of new businesses opening this year, with most owners confident in turning a profit their first 12 months. The Covid-19 crisis has provided a ‘unique’ opportunity for entrepreneurs, according to new research from fintech firm Tide. With 65 per cent of fresh business [...]
Zoom agrees $85m settlement over privacy and ‘zoombombing’ allegations August 2, 2021 Video software company Zoom has agreed to pay $85m (£61.9m) to settle a privacy lawsuit claiming the firm violated user’s rights and allowed hackers into meetings. The conferencing firm had allegedly shared users personal data with Facebook, Google, and LinkedIn. The lawsuit also claimed Zoom had failed to prevent hackers from zoombombing calls. Zoombombing is [...]
Sanne Group in advanced takeover talks with Apex after £1.49bn bid August 2, 2021 London’s Sanne Group is in advanced talks with fund servicer Apex Group on a possible cash takeover bid of up to £1.49bn. At 920 pence per share, the offer values the UK asset manager at around £1.49bn and represents a premium of 9 per cent on Sanne’s share closing price of 844.0 pence on Friday. [...]
Tokyo 2020 Olympics: Team GB medal hopes on day 10 as Laura Muir makes 1500m semi-finals August 2, 2021 Laura Muir produced a solid run to make the semi-finals of the 1500m at the Tokyo 2020 Olympics on a day when Team GB have strong medal hopes. After a successful weekend which saw GB take their gold medal tally into double figures, the rate slowed somewhat this morning. But there are plenty of hopes [...]
Quarantine lifted for double-jabbed US and EU travellers as ministers discuss amber watchlist August 2, 2021 Fully-vaccinated travellers from the EU and the USA are now able to enter the UK without quarantining. The government announced the new scheme – which came into effect at 4 am this morning – last week, saying it could help reunite friends and family who live abroad. People coming from France are still required to [...]
