‘Godzilla vs. Kong’ crushes pandemic box office record April 6, 2021 The latest in the giant lizard vs ape saga, ‘Godzilla vs Kong’, has smashed pandemic box office records which raked in £35m just this weekend. In the biggest opening in the US in the last 12 months, the Adam Wingard-directed blockbuster has surpassed the highly anticipated ‘Wonder Woman 1984’ which took home around £12m in its [...]
Now is not the time to shy away from sustainable investments April 6, 2021 As the number of investors eager to jump on the Sustainability Express grows, there is still a reticence to invest in sustainability-related products. They shouldn’t be. For these investors, the slick marketing and exciting destinations has done little to allay fears over how high the businesses are being valued. But the sustainability revolution has only [...]
Peacocks rescued from administration, saving 2,000 high street jobs April 6, 2021 High street retail chain Peacocks has been rescued from administration after being bought by an investment consortium, saving around 2,000 jobs. Edinburgh Woollen Mill Group, the retail empire owned by billionaire businessman Philip Day, has agreed to support the sale of its high street brand. EWM Group said it had backed a bid by an [...]
US stocks climb to new heights as economic recovery hopes grow April 6, 2021 US stocks set another record on Monday as activity in America’s services sector accelerated at its fastest ever pace last month. The blue-chip S&P 500 index shot up 1.4 per cent to a record 4,078, while the tech-heavy Nasdaq Composite rose 1.7 per cent to trade at 13,706. The latter was slightly shy of the [...]
Homeserve expects £10m profit jump as renovations boom during pandemic April 6, 2021 Homeserve said it expects to report a £10m jump in profit when it publishes its full-year results, due to the surge in demand for home improvements during the pandemic. Adjusted profit before tax for the financial year ended 31 March is expected to be around £191m, up from £181m in the previous year. It said [...]
Credit Suisse takes £3.4bn hit from Archegos Capital collapse April 6, 2021 Credit Suisse have confirmed this morning that the collapse of US hedgie Archegos Capital will cost them a cool £3.4bn. A trading update sent to markets this morning said the CHF 4.4bn charge would send the bank to an expected pre-tax Q1 loss of around CHF 900m (£690m). The bank blamed “the failure by a [...]
Exclusive: Finance professionals want more flexible working week post-Covid April 6, 2021 People working in financial services want to see changes to their working week post-Covid, like flexible hours or choosing where to work from. More than half (54%) of financial services employees want their organisation to offer alternative working patterns such as flexible hours or the option of remote working, according to new research from Deloitte. [...]
Harvey Goldsmith: Events industry is bleeding and June 21 reopening plan is marred by confusion and chaos April 6, 2021 The Government’s roadmap tells us that on June 21st all Covid restrictions will disappear and the great British summer can begin. If only things were that simple. Like everyone in the events industry, I have had a year with no income and no business. Having spent five decades as a promoter, putting on some of [...]
Life in the City has been far from normal for over a year but hope is now on the horizon April 6, 2021 As we prepare for a brighter summer, the UK is entering a new recovery phase of the pandemic with our successful vaccination drive leading the way. The economy is being gradually unlocked as shops, outdoor hospitality and – mercifully for many – hairdressers in England join those preparing to reopen next week in line with [...]
UK launches £75bn Covid Recovery Loan Scheme April 6, 2021 Businesses will from today be able to apply for new government-backed Covid-19 “recovery loans” through a £75bn scheme. The new loan programme will see businesses able to apply for loans of between £25,001 and £10m, with the government taking on 80 per cent of the default risk of each loan. The new loan scheme, announced [...]
