Regulator gives green light on Big Four plans for audit separation February 23, 2021 The Financial Reporting Council (FRC) has given the go ahead for the Big Four firms to press on with the next stage of separating their audit divisions from the rest of the business. The Big Four – Deloitte, EY, KPMG and PwC – were asked by the regulator to submit their plans for operational separation [...]
Hong Kong Racing Tips: Luck on Fownes’ side again at Happy Valley February 23, 2021 HAVING been surpassed by John Size in the trainers’ championship race at Sha Tin on Sunday, expect Caspar Fownes to come back with all guns blazing in his attempt to wrest back the lead at Happy Valley on Wednesday. Fownes, with over 500 career winners at the city-track, saddles eight runners, including some of the [...]
Hong Kong Racing Tips: Carry The Diamond can find that Winning Feeling again February 23, 2021 CASPAR Fownes and Joao Moreira are going to be all the rage when they team up with last-start winner Daily Beauty in the six-furlong Wang Tak Handicap (1.50pm). From an inside draw his chance is obvious, but with a seven-pound penalty, he is now racing off a career high mark and may not offer any [...]
Hong Kong Racing Tips: Mo looks to hold a Magnificent chance February 23, 2021 CLAIMER Dylan Mo finally gets a good opportunity to ride an overdue winner when he partners MAGNIFICENT in the feature race of the day, the Class 1 Shan Kwong Handicap (11.45am), over the extended mile, at Happy Valley on Wednesday. It’s been a long time between drinks for the local 26-year-old, who hasn’t visited the winners’ circle [...]
Bitcoin price crashed! Here is what comes next February 23, 2021 The price of Bitcoin Ever since I started writing articles about Bitcoin for CityAM, the price of Bitcoin has gone up over 100% exactly as expected. However, over the past 72 hours, the price of Bitcoin has retraced 23%. There are a few reasons for this and I will detail them in this article. I [...]
UK housing transactions slump in January as lockdown implemented February 23, 2021 UK housing transactions slumped last month due to the impact of national lockdown restrictions, according to the latest figures. HM Revenue and Customs data showed the provisional seasonally adjusted estimate of UK residential transactions in January was 121,640, a drop of 2.4 per cent compared to the previous month. The month-on-month drop is a typical [...]
UK agrees to EU extension of Brexit trade deal ratification February 23, 2021 The UK has agreed to a request by the EU to extend the date of its parliament’s ratification of the Brexit trade deal until 30 April. The trade deal was provisionally approved by the 27 EU ambassadors in December to ensure it came into place on 1 January when the UK left the single market [...]
Begbies Traynor shares defy market slump to rise five per cent following good results February 23, 2021 Begbies Traynor defied London’s market slump today, with shares rising five per cent following encouraging results. In a Q3 update the professional services firm said it was “confident” of the outcome of its full year results, although it gave no actual figures. The business has enjoyed something of an acquisition spree this year. Earlier this [...]
FTSE reshuffle: Newcomers Dr Martens and Moonpig battle for promotion February 23, 2021 The FTSE 100 is set for another reshuffle next week as the blue-chip index adapts to the pandemic and makes way for a handful of newcomers. FTSE Russell, which runs the index, will decide who’s up and who’s down according to closing prices on 2 March, with changes effective from 19 March. Despite the pandemic [...]
Tesla rival Lucid Motors gears up for $24bn stock market float February 23, 2021 A luxury electric vehicle maker looking to challenge the dominance of Elon Musk’s Tesla is set to go public in a blank cheque deal that will value it at $24bn (£17bn). California-based Lucid Motors has agreed to merge with Churchill Capital IV, a special purpose acquisition company (Spac) set up by former Citigroup banker Michael [...]
