Ford begins drive to electrify all European cars by 2030 February 17, 2021 Auto giant Ford has today announced that its European car lineup will be fully electrified by 2030. With a number of European countries set to ban diesel and petrol cars at the end of the decade, the US firm is the latest carmaker to commit to an all-electric future. By 2026, the firm said that [...]
Will new all-time-high and a huge milestone spark even more interest in Bitcoin? February 17, 2021 Bitcoin sets yet another ATH sweeping through the psychological $50k level. Do all roads now lead to $200k? Crypto at a glance Well, it finally happened. After a weekend of casual flirting and premature announcements (it was Valentine’s Day, after all), Bitcoin finally and definitively broke through that all-important $50,000 landmark price and is currently [...]
City Moves 17 February: Who is switching jobs in the Square Mile this week? February 17, 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. This week we see movements across the financial sector, with the City of London Group, BNP Paribas and Gateley Capitus all welcoming fresh additions. BNP Paribas AM gets new deputy CEO BNP Paribas Asset Management appointed a [...]
KPMG creates 200 jobs in Belfast February 17, 2021 Big Four firm KPMG is creating 200 jobs in a new “centre of excellence” in Belfast. The new investment will deliver services in cyber security, applied intelligence and digital transformation. The new centre is a joint initiative between KPMG in Ireland and in the UK, and has the support of InvestNI and the Department of [...]
Bitcoin price through the roof as celebrities jump on the crypto bandwagon February 17, 2021 Bitcoin hit a new record high of $51,300 on Wednesday, up 4.7 per cent in a day. The rise tops off a week of enthusiasm for the cryptocurrency, which saw its price surge above $50k for the first time on Tuesday. Bitcoin has risen 900 per cent since March of last year and many famous [...]
Ryanair to appeal court decision to allow state aid for Air France and SAS February 17, 2021 Ryanair this morning said that it would appeal after an EU court dismissed its challenge over state aid given to rivals Air France and SAS. Luxembourg’s General Court, the EU’s second highest legal body, backed the European Commission’s decision to grant discriminatory aid to the virus-hit carriers. In its judgement, which was laid out earlier [...]
Maersk fast-tracks carbon-neutral shipping plans to 2023 February 17, 2021 Shipping group Maersk is speeding up plans to decarbonise seaborne shipping by putting the world’s first carbon-neutral powered ship into operation. A.P. Moller-Maersk aims to achieve the move by 2023, seven years ahead of its original plan. The shipping industry carries around 80 per cent of worldwide trade and accounts for three per cent of [...]
Plus500 plots share buyback as profit soars on record performance February 17, 2021 After a record performance in 2020, online trading platform Plus500 is planning a further buyback program of up to $25m of its shares. Plus500 reported a pretax profit of $523.3m up from $189.3m the previous year with revenue rising 146 per cent to $872.5m. Shares dipped 0.9 per cent this morning. The FTSE 250-listed company [...]
McLaren Artura: new era hybrid supercar breaks cover February 17, 2021 First look at the 2021 McLaren Artura: a radical plug-in hybrid supercar to rival the Ferrari F8 Tributo and Lamborghini Huracan Evo.
Why I can stomach higher equity valuations – Schroders CIO February 17, 2021 The rising involvement of retail investors has been an intriguing trend during the pandemic, culminating in the surge and slump of GameStop shares. As an industry, we worry about the disconnection of individual investors from financial markets, the hubs of wealth creation. Direct ownership of shares by individuals has been declining for decades. For that reason, [...]
