FTSE 100 Live: Stocks to fall as Hormuz strikes revive security threat; Asian markets hit by tech sell-off after Apple price hike
I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
EU likely to grant the City limited equivalence, says French minister February 26, 2021 The EU may grant the City limited access to its financial services market to allow the UK to do business across the bloc, a French minister has said. A minister close to Emmanuel Macron, Clement Beaune said Brussels may be able to grant limited equivalence by the middle of the year. Speaking to Bloomberg he [...]
Insurer RSA posts profit growth ahead of £7.2bn takeover deal February 26, 2021 Insurance group RSA posted a double-digit rise in profit for 2020 ahead of its £7.2bn takeover by a consortium of Canadian and Danish buyers. RSA, which owns brands including More Than, reported operating profit of £751m, up 15 per cent year on year. Group underwriting profit also jumped 36 per cent to a record high [...]
Sainsbury’s workers welcome third pandemic bonus and pay rises February 26, 2021 Sainsbury’s is set to award its staff with a third bonus and pay rises for keeping shops stocked throughout the pandemic, the supermarket chain said this morning. The group has also announced a pay rise, which forms part of a 24 per cent increase in wages for store staff over the last five years. Following [...]
Kalifa Review: Others waiting for UK fintech’s ‘crown to slip’ February 26, 2021 The head of the much-awaited government-backed review into the fintech industry has warned the UK risks falling behind if recommendations aren’t quickly implemented. Former head of payments firm Worldpay Ron Kalifa led the review published today which sets out plans to capitalise on the growing fintech industry. The scope of the review is large, ranging [...]
Tullow Oil signs new $1.7bn loan agreement February 26, 2021 London-listed Tullow Oil today said that it had agreed a new $1.7bn (£1.2bn) loan agreement with its banks, giving the exploratory firm liquidity of $900m. The loan comes as the company continues to negotiate with its creditors over financing its $2.4bn debt pile. Shares in the firm rose 5.5 per cent on the back of [...]
Bitcoin crashes for second time in a week February 26, 2021 Bitcoin’s second price crash of the week has sent a wave of nerves rippling across the cryptocurrency markets with red screens across the board this morning.
Jupiter Fund Management’s assets hit record high despite steep outflows February 26, 2021 Jupiter Fund Management reported record assets at year-end offsetting an increased level of outflows over the year. Assets under management (AUM) finished the year at £58.7bn, slightly ahead of the consensus £57.8bn. The fund manager was no doubt boosted by the defensive acquisition of Merian Global Investors for £390m last July, which added £16.6bn of [...]
Screenshot: Is Uber nearing the end of the road? February 26, 2021 This week **Media Moment of the Week: Boris’ career coaching **Is Uber nearing the end of the road? **Apple’s merger madness Media Moment of the Week: Boris’ career coaching Social media is a fickle beast, but if there’s one sure-fire way to generate outrage it’s to insult journalists. That’s what Boris Johnson did this week, [...]
Fewest cars produced in January since 2009 February 26, 2021 Last month saw the weakest January for car production since the financial crisis as a combination of the pandemic and global supply issues knocked the industry. Just 86,052 cars were built last month, down 27.3 per cent year on year, and the lowest number since 2009. It also marked the 17th straight month of declining [...]
Exclusive: UK finance leaders want buoyant investment as we enter post-Covid world February 26, 2021 UK finance leaders are gearing up for a year of eager investment as Covid recovery prospects boost economic positivity, according to a report by procurement consultancy Proxima. The survey found that a combination of political change and post-Covid visions are underpinning an overwhelmingly positive outlook. So, what will the future bring for the UK’s wounded [...]
