Foxtons revenue rebounds in 2021 after lockdown hit London sales and lettings last year March 10, 2021 London estate agent Foxtons this morning said revenue had boomed at the beginning of this year as the market continued to be buoyed by pent-up demand and the stamp duty holiday. Foxtons said revenue for the first two months of 2021 is “well ahead” of both last year and 2019, with the sales commission pipeline [...]
How Asian stock markets shook off the pandemic March 10, 2021 It seems ancient history now, but 2020 opened with a high degree of optimism for Asian markets. True, valuations were no more than reasonable given the share price gains of the previous twelve months, but conditions appeared favourable and there was a widespread consensus on a global economic recovery and a strong year ahead for [...]
Serving Met Police officer arrested over disappearance of London woman March 10, 2021 A serving Metropolitan Police officer has been arrested over the disappearance of Sarah Everard, a 33-year-old woman who was last seen a week ago. Everard was last seen at 9:30pm on Wednesday 3 March, when she walked home from a friend’s house in Clapham, South London. In a statement, Assistant Commissioner Nick Ephgrave called the [...]
Zara owner Inditex posts 70 per cent drop in net profit during pandemic March 10, 2021 Zara owner Inditex this morning posted a 70 per cent drop in net profit after a year of trading restrictions and weak demand during the coronavirus pandemic. The European retail giant said profit last year fell to €1.1bn, a steeper drop than anticipated, due to the impact of store closures during global Covid-19 lockdowns. Total [...]
FTSE 100 opens lower as inflation worries weigh March 10, 2021 The FTSE 100 opened lower this morning as market momentum slowed following a tech-fuelled rally on Wall Street last night and inflation worries weighed on investors. London’s blue-chip index dipped 0.21 per cent to 6,715 points shortly after markets opened. The domestically focused FTSE 250 was marginally down. It came on the back of a [...]
Snapchat: Gen Z has what it takes to be at the forefront of a ‘Fourth Industrial Revolution’ of tech March 10, 2021 Across England, parents are breathing a sigh of relief this week, as many students finally return to classrooms after months of disruption to their education. Indeed, the reopening of schools and colleges marks an important milestone for the country, as it moves to the next stage of recovery. There is no doubt that the last [...]
Monzo backer Passion Capital opens doors to retail investors March 10, 2021 One of the earliest backers of fintech favourite Monzo is opening its doors to crowd investors with the launch of its third fund. Passion Capital’s £45m fund will be open to any investors who self-certify as “high net worth” or “sophisticated” and are registered and qualified by the crowdfunding platform Seedrs. It will give retail [...]
Disney boss Bob Iger linked to UK ambassador role as streaming service hits 100m users March 10, 2021 Disney last night said its Disney Plus streaming service has racked up 100m users, as speculation grows that outgoing boss Bob Iger could be named US ambassador to Britain. The US media giant said it had passed the milestone just 16 months after launching the platform. Netflix, which now has 200m users, took 10 years [...]
UK financial services sector shakes off Covid blows as vacancies surge March 10, 2021 Vacancies in the financial services sector are well on their way to recovery after a sharp slump at the start of the pandemic, according to new APSCo data. Research from the Association of Professional Staffing Companies (APSCo) showed hiring fell 58 per cent in the second quarter of 2020 as Covid battered employment prospects. However, numbers [...]
Financial services’ annual reports across the Atlantic chart path to optimistic Covid recovery March 10, 2021 Britain’s economy entered crisis mode in March last year and plotting a course toward recovery dominated the recent budget. But there is reason for optimism, and the conclusion of the annual reporting cycles for the leading financial institutions in the UK and the US can tell us a lot about where we will see growth [...]
