FTSE reshuffle: Who’s in and who’s out of London’s blue-chip index? March 3, 2021 FTSE reshuffle: Who's in and who's now out of London's blue-chip index?
Peugeot and Fiat owner Stellantis nets profit boost after mega-merger March 3, 2021 The newly formed Stellantis predicts better than expected financial results after profits remain high in the pandemic
Nicola Sturgeon refutes claims of misleading Scottish Parliament after giving evidence March 3, 2021 Nicola Sturgeon rejected claims she could have intervened more after giving evidence in Alex Salmond inquiry
Sports streaming firm DAZN taps former Disney executive Kevin Mayer as chair March 3, 2021 Sports streaming service DAZN has appointed former Disney executive Kevin Mayer as its new chairman. DAZN, which is backed by billionaire Len Blavatnik, said Mayer will lead the nascent streaming platform as it pursues an “aggressive” growth strategy. He replaces John Skipper, who is stepping down to focus on Meadowlark Media, a newly-launched content company [...]
JP Morgan boss Jamie Dimon says bank will not force staff to get Covid-19 vaccine March 3, 2021 JP Morgan boss Jamie Dimon says bank will not make Covid-19 vaccinations mandatory
More than 1,000 jobs at risk as Sainsbury’s launches restructuring plan March 3, 2021 Sainsbury’s has launched a restructuring plan, putting around 1,150 jobs at risk. The supermarket is set to cut around 500 head office roles, reduce office space and close a warehouse, according to reports. The head office roles at risk include jobs in commercial operations, human resources, supply chain and logistics, technology, general merchandise and clothing [...]
Budget 2021: Which expected policies were not announced? March 3, 2021 Rishi Sunak’s Budget was a tale of two halves, with the chancellor spending big over the next two years before implementing a series of tax rises in the years after. Many of the policies announced were already leaked days or weeks in advance, with the corporation tax rise to 25 per cent for the UK’s [...]
British Airways dives to £4bn loss as flights reduced by two-thirds March 3, 2021 British Airways (BA) fell to a £3.9bn operating loss in 2020, owner IAG revealed today, more than half of the airlines group’s total loss for the year. According to the FTSE 100 firm’s annual reports, BA’s loss dwarved that of its stablemates Aer Lingus, Iberia and Vueling. These fell to losses of €563m, €1.4bn, and [...]
ITV shares rise as channel secures Meghan and Harry Oprah interview March 3, 2021 ITV shares pushed higher today as the broadcaster revealed it has secured UK rights to Oprah Winfrey’s interview with Prince Harry and Meghan Markle. The London-listed company fended off competition from rivals Sky and Channel 4 to acquire the eagerly-awaited chat, in which the couple discuss their decision to quit the royal family. The special [...]
Corporate tax hike could depress economic activity and reduce tax rise revenue, says IFS March 3, 2021 The corporation tax hike announced in today’s budget will lead firms to invest less in the UK in the medium term, the Institute for Fiscal Studies (IFS) has said. Chancellor Rishi Sunak today announced corporation tax will rise from 19 per cent to 25 per cent by 2023 for UK companies with annual profits of [...]
