Santander closing 111 bank branches across the UK, with 840 roles affected March 25, 2021 Santander closing 111 bank branches across the UK, with 840 roles affected
Furlough: Extra 200,000 workers temporarily laid off in February March 25, 2021 The government paid out almost £4bn in additional furlough costs last month as a further 200,000 people were temporarily laid off. HM Revenue and Customs said it has paid a total of £57.7bn in furlough claims to around 11.4m workers since the pandemic began a year ago. Separate data published today by the Office for [...]
Closer UK-Japan ties will unlock access to Asian markets March 25, 2021 Last week’s Integrated Review made it clear that Asia will be increasingly important to theUK as the world’s economic and strategic balance shifts towards the region. Commentatorshave emphasised the need for Britain to bolster security ties with regional partners likeJapan – a country which shares many economic dynamics with the UK, and a similar globaloutlook. [...]
FTSE 10 and Wall Street slip despite encouraging economic data March 25, 2021 Mining stocks continued to drag down the FTSE 100 this afternoon while Wall Street opened lower despite an encouraging set of unemployment figures. London’s blue-chip index is down more than one per cent this afternoon with Antofogosta and Glencore all shedding more than four per cent. Bank of England Chief Economist Andy Haldane said he [...]
US jobless claims fall to lowest level since the start of the pandemic March 25, 2021 New claims for unemployment benefits in the US fell to their lowest level since the start of the pandemic as the economy rebounds. Initial claims for state unemployment benefits came in at 684,000, down from 781,000 a week earlier, according to the Labor Department. Claims are now at their lowest level since the middle of [...]
Binance announce two more major appointments March 25, 2021 Binance – the world’s largest cryptocurrency exchange – has announced two further big-name appointments, only weeks after handing a role to former US Senator Max Baucus.
Green investment surges as UK bosses sound alarm on climate change March 25, 2021 The majority of UK bosses intend to increase their long-term investments in sustainability initiatives as they grow concerned about the impact of climate change. A PwC survey of UK chief executives reveals 70 per cent are concerned about the impact of climate change, with almost a third “extremely concerned” about the issue. But climate change [...]
Lockdown pet boom boosts CVS revenue to £245.6m March 25, 2021 The UK’s lockdown pet boom brought a boost to veterinary services provider CVS, which enjoyed a 9.4 per cent revenue growth in the last six months of 2020. The company saw its revenue rise to £245.6m, up around £20m from the year before, as customers were found to be spending around six per cent more [...]
UK greenhouse gas emissions fell nearly a tenth in 2020 March 25, 2021 The UK’s greenhouse gas emissions fell nearly 10 per cent in 2020 as the pandemic saw energy usage from transport use tumble. Overall emissions fell 8.9 per cent over the course of the year, one of the largest falls on record. It is the eighth straight year in which total emissions have fallen. As a [...]
Facebook’s Giphy takeover could harm Gif supply, watchdog warns March 25, 2021 The competition watchdog has given Facebook and Giphy five working days to address concerns their merger could harm the digital advertising market and the supply of Gifs. The Competition and Markets Authority (CMA) today said Facebook’s planned takeover of the popular gif-maker, worth a reported $400m (£320m), could stifle competition. Following an initial investigation, the [...]
