Mastercard profits jump more than a third as easing Covid restrictions boost spending July 29, 2021 Mastercard beat expectations and posted a 36 per cent rise in profits in the second quarter, buoyed by an overall increase in spending as vaccine rollouts accelerated, lockdowns lifted and travel picked up. Adjusted net income rose 36 per cent to $1.9bn from $1.4bn in the same period last year. Corresponding earnings per share reached [...]
Proof-of-stake gives us a real opportunity for change July 29, 2021 Pete Hill of Cudos - a sponsor of the Crypto AM 3rd birthday and summer unlocking party - explains why now is the time to embrace blockchain.
US economic growth falls short of expectations July 29, 2021 The US economy is rebounding sharply from the damage inflicted on it by the Covid crisis, but output growth is falling well below analysts’ expectations, new figures released today reveal. The Commerce Department estimated the US economy grew at an annualised rate of 6.5 per cent in the second quarter of this year, driven by [...]
Westminster Holocaust memorial approved by government July 29, 2021 The government has approved the Westminster Holocaust memorial after years of wrangling and disagreements over its design and placement. Housing minister Christopher Pincher announced today that the plans had been approved by the Ministry of Housing, Communities and Local Government (MHCLG) after approval powers were taken away from Westminster Council last year. The memorial will [...]
Green and pleasant land? The future of cannabis use in the UK July 29, 2021 Smoking as a social activity suffered a heavy blow around 15 years ago. Between 2006 and 2007, the four parts of the United Kingdom brought in new laws prohibiting smoking in public places, with Scotland being the first to take the leap. I bear a sliver of responsibility: I worked for the House of Commons [...]
Rentokil’s shares soar as it ups dividend by a third following strong performance July 29, 2021 Pest control and hygiene group Rentokil Initial reported a strong performance today in its 2021 interim results, and announced they will increase dividends by over a third. The British company will up dividend payments by 38 per cent to 2.09p per share, raising the amount payable to shareholders to £38.9m on 13 September. Proving services [...]
Foxtons’ best results in five years prompt real estate giant to reinstate dividend July 29, 2021 Estate agent Foxtons has delivered its best results in five years, boosted by a pandemic-induced resurgence in London’s property market after years of weak results. The sales and lettings agency announced it made £66.9m in revenue in the first half of 2021, a 66 per cent increase compared to the same period in 2020 and [...]
The FCA is revamping itself to be more “assertive” July 29, 2021 The Financial Conduct Authority (FCA) has proposed changes to streamline its decision-making processes, in a bid to make it more efficient. The financial watchdog said discussions have been held about moving some decision-making responsibility from its Regulatory Decisions Committee (RDC) to its Authorisations, Supervision and Enforcement divisions instead, in an announcement today. The RDC, a committee of [...]
Met Office warns of climate change as UK weather hit record levels last year July 29, 2021 The Met Office has warned that last year was the first in history to have temperatures, rains and sunshine hit record levels. The effects of climate change continue to be felt across the UK, the Met Office said in a report today, during a July which brought both heat-health warnings and flooding to London. “This [...]
Tokyo 2020 Olympics: Team GB star Dan Bibby calls RFU cuts to Sevens funding ‘a joke’ July 29, 2021 Team GB Rugby Sevens star Dan Bibby has criticised funding cuts to the sport’s programme, calling the Rugby Football Union’s (RFU) plans “a joke”. Bibby’s comments come after GB narrowly missed the podium at the Tokyo 2020 Olympics yesterday, losing to Argentina 17-12 in the bronze medal match. The team’s central contracts ended last August [...]
