New televised daily Downing Street press conferences postponed January 7, 2021 Downing Street’s planned televised press conferences have been indefinitely postponed due to the latest Covid lockdown. The White House-style briefings, which will be led by new Number 10 press secretary Allegra Stratton, were supposed to begin on 11 January. Downing Street said today there would instead be press conferences three times a week starting from [...]
Shopify joins Facebook and Instagram Trump ban January 7, 2021 Donald Trump has been banned from Facebook and Instagram until the presidential transition is completed, Mark Zuckerberg has confirmed – and the ban could go on for longer. Zuckerberg, the founder and CEO of Facebook, which owns Instagram, confirmed the current US President would be banned from posting on the platforms for the remaining days [...]
GDP will take less of a hit in third lockdown: ING January 7, 2021 After nearly a year of coronavirus restrictions the effect of a third lockdown on the UK economy will be less severe than the initial shock last March, in part because companies are far better prepared. News of a mutant Covid strain that is more transmissible and has sent cases skyrocketing will see GDP dip around [...]
Cemented: Firestone Building unit sold to LafargeHolcim in multi-billion-dollar deal January 7, 2021 LafargeHolcim has snapped up commercial roofing leader Firestone is to be sold to in a hefty $3.4bn (£2.5bn) deal.
FTSE 100 stutters after touching 6,900 but Wall Street pushes on January 7, 2021 The FTSE 100 stuttered today after touching 6,900 points this morning in yet another fast open to trading, but US markets traded higher again. London’s premier index rose 0.8 per cent at the open to stand at 6,903 points, its highest level since before the pandemic. However, traders soon slammed on the breaks, with the [...]
Sportradar tap fintech veteran to chair global board January 7, 2021 Betting services company Sportradar have raided the world of fintech for the new head of their global board. Jeff Yabuki, who oversaw fifteen years of growth at Nasdaq-listed Fiserv, will take on the role immediately. Fiserv tripled its revenue over the period and delivered nearly 1000 per cent returns to shareholders. Sportradar now employes more [...]
Louis Vuitton owner LVMH completes $16bn takeover of Tiffany & Co January 7, 2021 Louis Vuitton owner LVMH has completed its $16bn takeover of US jewellery brand Tiffany, the companies announced this afternoon. The deal was almost derailed last year when LVMH attempted to abandon the acquisition, prompting Tiffany to take legal action against the luxury goods conglomerate. Following the completion of the transaction, Louis Vuitton executive vice president [...]
Equity funds ride ‘coronacoaster’ to finish 2020 on a high January 7, 2021 Global equity funds closed a torrid year on a record high as investors were buoyed by news of a vaccine rollout. November saw savers invest a record £8.3bn, beating the previous record of £5.7bn net retail sales from September 2017, according to data from the Investment Association (IA). With interest rates at almost zero investors [...]
Exclusive: Bolt offers free rides to Londoners getting Covid vaccine January 7, 2021 Ride-hailing app Bolt has offered to provide Londoners with £250,000 worth of free transport to Covid-19 vaccination centres in a bid to aid the inoculation programme. City A.M. can reveal that the firm has written to the government to offer its services to the NHS. The offer comes as the UK attempts to vaccinate the [...]
Debenhams shuts Irish website as Brexit ‘rule of origin’ clause leaves businesses blindsided January 7, 2021 Debenhams has shut its online business in Ireland as it is unable to send orders to the Republic of Ireland due to new Brexit trade rules. The business, which is in administration, said the website was “temporarily closed” but gave no details on if and when it would be back online. The website apologised to [...]
