Poundland owner Pepco shuns London to float in Warsaw April 26, 2021 Poundland owner Pepco this morning announced its intention to go public in Poland, in a blow for London’s financial market. Pepco said it intends to apply for listing and admission to the Warsaw Stock Exchange, and said it had chosen Poland as it is the firm’s largest operating area. The discount retailer, which has more [...]
Side-hustle: One in five freelancers have another job alongside April 26, 2021 Nearly one in five freelancers are self-employed as a side-gig alongside an employee position, according to new research from a freelance jobs marketplace. Freelancing was the ticket out to a higher income during multiple lockdowns for many in the UK, PeoplePerHour found, as more people have turned to freelancing alongside employee jobs during the pandemic. “There [...]
Recipe box firm Gousto to double workforce after first year of profitability April 26, 2021 Recipe box firm Gousto announced this morning that it plans to double its workforce as it revealed it had delivered a year of profitability for the first time ever as the pandemic more than doubled sales. Gousto announced this morning that it achieved record sales of £189m last year as it won market share from [...]
Market bounces back after last week’s lull – but can it be sustained? April 26, 2021 The cryptocurrency markets have rallied from last week's slump as Bitcoin dipped close to $47k over the weekend.
Older workers in worst job market ‘since 1980s’ April 26, 2021 The Covid-19 pandemic has pushed the largest annual employment fall for older workers since the 1980s, according to a report published today. Older and younger workers have been heavily knocked by the pandemic job market, which has seen a U-shaped employment shock. “While the youngest workers have been hardest hit by the crisis, older workers [...]
Tate & Lyle shares pop as historic firm mulls break-up April 26, 2021 Shares in Tate & Lyle jumped this morning after the firm confirmed that it had put its sweeteners division up for sale after reports it was mulling a break-up of its operations. Shares in the historic foodstuffs brand rose 6.4 per cent this morning as the sale passed the smell test. In a statement yesterday, [...]
Standard Life Aberdeen to change name to Abrdn April 26, 2021 Fund manager Standard Life Aberdeen has today announced that it will change its name to Abrdn in an effort to shore up its brand identity. The rebranding process will begin in the summer with the aim of creating a “digitally-enabled brand” that will be used for all the company’s client-facing businesses globally. The Abrdn brand, [...]
Ministers to run £1bn auction for phone lines along UK railways April 26, 2021 The government will run an auction of phone lines running alongside Britain’s railway lines in a move that could raise up to £1bn. Thousands of miles of phone lines will be sold off in a bid to improve train services and boost broadband speeds. Bidders will both be responsible for upgrading the cables and building [...]
The EU will sign a post-Brexit deal on financial services, PwC boss predicts, because it ‘needs London’ April 26, 2021 The EU will grant the City of London access to its capital markets and agree a post-Brexit deal on financial services because it “needs London”, PwC has predicted. The financial services sector was left out of the post-Brexit trade deal agreed between the two sides last year, but the Big Four firm is predicting the [...]
Peter Harrison: The City must back Sunak’s vision for the stock market April 26, 2021 The relationship between the stock market and the economy is fundamental to any nation’s wealth. Without the effective channelling of capital to the best businesses, all suffer. For decades, London has been a world-leading financial hub, but now its future is less certain. First, consider an example of its success. Exactly 20 years ago, a [...]
