Too early to speculate on travel ‘green list’ countries, ministers insist April 14, 2021 The UK’s aviation minister has said it is still too early to speculate on the countries that will be on the travel “green list”, despite increasing calls for clarity from the travel industry. With just over a month to go before international travel is due to restart on 17 May, airlines and passengers alike are [...]
Halifax: UK house prices near ‘pre-financial crash levels’ April 14, 2021 UK house prices have hit a record high despite rising at a slower rate than a year ago, according to the Halifax house price index this morning. The lender said that the affordability of houses was “close to pre-financial crisis levels”, as house prices remained historically high at an average of £252,765. The difference between [...]
JP Morgan profit soars on higher investment banking fees April 14, 2021 JP Morgan reported a surge in profit in the first quarter boosted by a strong performance in its trading and investment banking divisions. The Wall Street bank posted net income of $14.3bn in the first three months of the year, up from $2.9bn a year earlier. JP Morgan’s performance was driven by the release of [...]
Wall Street opens flat as big banks kick off earnings season April 14, 2021 U.S. stock indexes opened flat today as Goldman Sachs and JPMorgan kicked off the first-quarter corporate earnings season, against the backdrop of a swift vaccine-led global economic recovery The Dow Jones Industrial Average fell 8.32 points, or 0.02 per cent, at the open to 33,668.95. The S&P 500 opened lower by 0.01 points, or -0.00 [...]
UK pubs lobby hits out at government plan to force venues to calorie label pints April 14, 2021 The UK’s pubs lobby has slammed government plans to force venues to disclose how many calories are in alcoholic drinks, saying the move would be akin to “kicking pubs and brewers when they are down”. The British Beer & Pub Association said the leaked plans were “ludicrous and “especially outrageous at this difficult time”. The [...]
City Moves: Who is switching jobs in the Square Mile this week? April 14, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. John Lewis hires ex-Experian lead John Lewis has appointed a new director of financial services in London this week, who will step into the new role on 14 June. Amir Goshtai, who joins [...]
Ryanair loses legal challenges to EU state aid for Scandi airlines April 14, 2021 Ryanair has this morning lost its attempt to have state aid provided by the EU to Scandinavian airlines SAS and Finnair ruled unlawful. The Luxembourg-based General Court, the EU’s second highest legal body, ruled that the bailouts were in compliance with the bloc’s rules on state aid. The ruling is another blow to the airline, [...]
Basking in the Coinbase IPO glow, all-time highs litter the boards April 14, 2021 Coinbase’s direct listing on Nasdaq kicks off today as it casts green glow across the markets.
Has Disney+ found the winning streaming formula? April 14, 2021 It’s now been a year since Disney+ arrived in the UK with a library of content that takes in everything from the Star Wars franchise to the entire back catalogue of its near-century-old animated studios. 2021 has seen the launch of the platform’s first live-action Marvel shows, as well as Star – a content hub [...]
Judge to decide if PwC US lawfully sacked whistleblower April 14, 2021 Following a nine-day trial, a judge will decide if PwC US broke the law by firing a senior manager for blowing the whistle on the Big Four firm’s allegedly cosy relationship with two tech companies it audited. Former PwC senior manager Mauro Botta accused audit giant of firing him because he submitted complaints to the [...]
