London Stock Exchange Group sees income increase after Refinitiv deal completes April 28, 2021 The London Stock Exchange Group (LSEG) posted a small increase in income for a first quarter in which it finally completed the acquisition of data firm Refinitiv. Total income at the firm was up 3.9 per cent at £1.8bn for the period, while gross profit climbed 4.0 per cent on a constant currency basis to £1.5bn. [...]
Credit Suisse’s ravaged reputation is salvageable but it will be a long slog April 28, 2021 Credit Suisse faced the music again last week. The Swiss bank posted a devastating first quarter loss of £593million after the dramatic collapse of US hedge fund Archegos. The bankruptcy was hot on the heels of the downfall of financial firm Greensill. The bank’s chief executive, Thomas Gottstein, branded the loss “unacceptable”. Even as it [...]
Lotus to invest £2bn in switch to electric and revamp of UK plant April 28, 2021 Sports car maker Lotus will build electric vehicles in the UK as part of a £2bn investment push aimed at massively increasing its production capacity. The Hethel-based firm yesterday announced that it would switch to selling only electric cars by 2028. Its last combustion engine car, the Emira, will launch this summer. As part of [...]
Ministers must have their own National Scorecard to deliver ‘levelling up’ agenda April 28, 2021 It has been more than a year since Britain was first plunged into a lockdown. Since then, a group of business leaders from across British industry have set up our independent Covid Recovery Commission to consider how we could ensure the UK emerges from this crisis with a stronger, fairer and more resilient economy. Our [...]
Westminster report praises Brexit deal for maintaining Northern Ireland cross-border security April 28, 2021 A new Westminster report has praised the government’s Brexit trade deal for “putting to rest” concerns about cross-border safety in Northern Ireland. The report, from parliament’s Northern Ireland Affairs Committee said the deal “mitigated concerns about extradition processes and intelligence blind spots”. The UK-EU trade deal ensured “the need for strong cooperation between national police [...]
Britain’s top bosses call for ‘national prosperity’ plan to boost growth post-pandemic April 28, 2021 Some of the UK’s top business leaders have called on the Government to set out a plan to boost growth as the country deals with the devastating impact of the pandemic. The Covid Recovery Commission, a group set up by last summer which includes top executives from Tesco, Shell and Heathrow Airport , has set [...]
Covid connections: Pandemic narrows digital divide as more Brits go online April 28, 2021 While it may be hard to find silver linings in lockdown, it appears the rapid shift to online services has had its benefits. A surge in demand for internet services over the last year means the UK’s digital divide has narrowed even further, with more and more Brits getting connected. The proportion of homes without [...]
Food prices drop for first time in four years due to anti-stockpiling measures in 2020 lockdown April 28, 2021 Food prices fell this month for the first time in four years in comparison to last year, when retailers paused discounting to reduce stockpiling at the beginning of the pandemic. Prices fell 0.6 per cent in April, down from a rise of 0.3 per cent in March, marking the first time food prices have been [...]
London only UK region to report drop in rent prices over last five years April 28, 2021 The capital is the only region in the UK where rents have fallen over the last five years as Londoners have left the city during the pandemic and fewer young professionals have moved for work. Asking rents in almost two thirds – 65 per cent – of London neighbourhoods are lower than they were five [...]
Binance jumps on the NFT market April 27, 2021 Cryptocurrency exchange Binance today announced plans to launch an NFT marketplace in June.
