Congestion charge to be rolled back to 18:00 on weekdays July 28, 2021 The London congestion charge will stop at 18:00 on weekdays under new proposals from Transport for London (TfL) to encourage punters to return to the capital’s hospitality hotspots in the evenings. However, on weekends it will become operational between 12:00 and 18:00, in order to reduce congestion in central London and get people back on [...]
Iceland boss: Government Covid test plan ‘pointless solution to Pingdemic’ July 28, 2021 The Iceland boss, Richard Walker, has said that the government’s Covid-19 test plan is a “pointless solution” because it excludes supermarket workers. “It’s only depot and factory workers so that only fixes half the supply chain issue,” Walker told the BBC. Despite daily testing for some sectors starting on Monday, some smaller firms have complained [...]
St. James’s Place inflows swell as household savings take off amid Covid July 28, 2021 Asset manager St. James’s Place has reaped the rewards of a trend toward household savings swelling over the course of Covid, according to figures released today. The firms said it expects gross inflows to rise 20 per cent in the second half of 2021 as retail investors pour their savings into financial markets in search [...]
Sheffield Forgemasters nationalised amid fears of collapse July 28, 2021 The Ministry of Defence (MoD) has bought out Sheffield Forgemasters, a key supplier to the UK’s nuclear programmes, it was confirmed today. The firm said that the £2.6bn investment would “secure Sheffield Forgemasters’ role as a critical supplier to the next generation of UK Defence programmes, while continuing our independent commercial activities.” After increasing concerns [...]
Music Magpie posts rise in profit after London IPO July 28, 2021 Tech resale site Music Magpie has posted a rise in revenue and profit in its first interim results since floating on the London Stock Exchange earlier this year. The online retailer, which allows consumers to exchange old devices such as phones and game consoles for cash, reported adjusted pre-tax profit of £4m in the six [...]
Sydney extends lockdown as Covid-19 cases rise July 28, 2021 Sydney is set to remain in lockdown until August, local authorities confirmed today. This announcement comes after a stay-at-home order implemented in late June failed to douse an outbreak of the Delta variant. With over 2,500 infections, this is Sydney’s worst outbreak this year. On Tuesday, New South Wales recorded the highest number of cases [...]
Deutsche Bank profit beats estimates despite trading revenue dip July 28, 2021 Deutsche Bank have today announced better-than-expected quarterly results despite a decline in its investment banking revenue. Shares in Germany’s biggest lender had gone up by 2.2 per cent in pre-market trading. It marks Deutsche’s fourth quarterly profit in a row, its longest streak in the black since 2012. The net profit attributable to shareholders in [...]
Q&A: What is “natural capital” and why should investors care? July 28, 2021 The last few hundred years of human activity have stored up changes in climate that threaten human existence. Climate change is not the only ecological threat. It’s widely agreed that damage to the natural environment and loss of biodiversity pose a comparable risk. Natural resources are the single most important input to the global economy. [...]
Aston Martin triples car sales but still slides to £90m loss July 28, 2021 Aston Martin plunged to yet another loss this morning despite selling more than three times the number of cars it did in the first half last year. The classic British brand posted a £90.7m pre-tax loss, a markedly improved effort after losing £227.4m in the same period in 2020. Revenue also increased 242 per cent [...]
Betting firm Sportech lists on Aim after move from London’s main market July 28, 2021 Betting firm Sportech began trading on Aim this morning after shifting its shares from London’s main market in the wake of pandemic losses. The London-based company last month said it would delist from the primary London Stock Exchange and trade instead on the capital’s junior market. Sportech said Aim was more suited to the company’s [...]
