It’s retail traders, Jim, but not as you know it! January 28, 2021 Crypto at a Glance If Bitcoin is f*ck you money, does that make GameStop a f*ck you stock? All eyes this week have been on Reddit traders, who have arrived at the blackjack tables fully armed with their sacks of pennies and battered old card counting books, ready to bankrupt the casino through sheer numbers [...]
Renewable energy production surpasses fossil fuels in 2020 January 28, 2021 Renewable energy sources surpassed fossil fuel energy production in the UK for the first time ever in 2020, led by wind power generation. According to analysis by think tank Ember, renewable sources provided 42 per cent of the UK’s energy, while fossil fuel sources like gas produced 41 per cent. The remaining 17 per cent [...]
Joules mulls hiking prices for shoppers to offset rising Brexit costs January 28, 2021 Fashion retailer Joules has warned it is considering increasing prices for consumers as it revealed that Brexit had disrupted exports and could cost it an extra £1m per year. Joules said that, despite its preparation for the end of the transition agreement, exports to certain EU markets had suffered, with Germany being particularly impacted. The [...]
EU and AstraZeneca hold crisis talks to resolve Covid vaccines row January 28, 2021 The EU and UK-based Covid vaccine maker AstraZeneca have vowed to resolve clashes over supply shortages after “constructive” crisis talks. Production issues means that AstraZeneca can deliver only a fraction of the doses promised to the EU in the first quarter of the year, leading to shortages across the 27-member bloc. The EU has remained [...]
Hunter becomes the hunted: property firm sold to TPFG for £24m January 28, 2021 Real estate firm Hunters agreed this morning to a takeover by The Property Franchise Group (TPFG) to create an enlarged franchised estate agent with just over 400 branches. TPFG is set to acquire Hunters for £24m after the approval of the firm’s founder, chairman and MP Kevin Hollinrake. The acquisition should allow for cost synergies [...]
St James’s Place reports £2.3bn in inflows after ‘extraordinary’ year January 28, 2021 Wealth manager St James’s Place reported £2.3bn of net inflows after an “extraordinary” year which saw its funds under management soar. As of 31 December the firm’s funds under management stood at a record £129.3bn, an 11 per cent increase on the previous year. Despite the pandemic gross inflows of £14.33bn fell just five per [...]
Easyjet revenue collapses 90 per cent amid newest restrictions January 28, 2021 Easyjet today saw total revenue shrink nearly 90 per cent for the first quarter as the coronavirus pandemic showed no signs of abating. The budget carrier started the new financial year as it finished the last one, with revenue slumping to a mere £165m for the three month period. The plunge was announced a day [...]
Tate & Lyle to beat profit expectations as consumers cook at home during lockdown January 28, 2021 Sweetener manufacturer Tate & Lyle is set to beat profit expectations due to strong demand as more people cooked at home during lockdown. The firm, which sold its eponymous sugar brand in 2010, said its food and beverage solutions division recorded sales growth of eight per cent due to higher volumes, good prices and the [...]
Mitie raises full year guidance as Interserve deal beds in January 28, 2021 Outsourcer Mitie today raised its guidance for the full year due to an improved performance in the second half and its merger with Interserve. The FTSE 250 company said that full year revenue would now come in at £2.4-£2.5bn, with profit up to £57m-£61m. Shares in the firm rose 3.1 per cent as markets opened [...]
Office demand drops as Workspace reports 33 per cent fall in enquiries January 28, 2021 Workspace remains optimistic about the future of London’s office work despite a sharp drop in enquiries throughout the pandemic. This morning’s results show the group averaged 672 enquiries per month in the third quarter, a 33 per cent drop from the previous year. Lettings per month also fell by 3.4 per cent to 109, driven [...]
