Next confirms consortium bid for Topshop-owner Arcadia January 5, 2021 Next has confirmed that it is part of a consortium bidding for Arcadia brands, but said it was not seeking majority ownership of Sir Philip Green’s collapsed business empire. It was reported last month that the high street retailer was holding detailed discussions with Davidson Kempner about a combined offer for Arcadia, the owner of [...]
Porsche Taycan Turbo review: fast-forward to the electric future January 5, 2021 The warp-speed Porsche Taycan Turbo isn’t the best electric car on paper. But, says Tim Pitt, it is on the road.
As Bitcoin pulls back, Ethereum hits three-year high January 5, 2021 Crypto at a Glance It was a turbulent day in the markets yesterday, with Bitcoin seeing a sharp retrace from $33,000 to $28,000 after Sunday’s new all-time high. The leading cryptocurrency by market cap managed to bounce back relatively quickly to over $31,000, where it has somewhat stabilised, but it could be a volatile few [...]
Trump phone call: Democrats ask FBI to open criminal investigation January 5, 2021 Two Democrats have asked the FBI to open a criminal investigation into US President Donald Trump over a phone call in which he pressurised a top Georgian official to overturn his election defeat. In the call this weekend, Trump told Georgia secretary of state Brad Raffensperger to “find” enough votes to reverse Joe Biden’s victory [...]
It will need all hands to the pump to get London back where it should be January 5, 2021 Last year was for many the most challenging year in living memory. Repeated lockdowns, the loss of loved ones, business closures, job losses and a complete shift in how we live our lives. Our great capital city has also undergone sudden and dramatic changes. As the pandemic took hold in March it was eerily empty, [...]
Sustainability investing: what does the future look like? January 5, 2021 ‘Future of Sustainability in Investment Management: From Ideas to Reality’ is a newly published CFA Institute report. The 60-page publication was informed by the views of more than 7,000 industry participants, including 3,500+ retail investors, 920+ asset owners and 3,050+ investment practitioners. Research included virtual roundtables across 31 markets. Here we summarise its findings. The [...]
Teaching unions’ refusal to innovate is behind the Government’s schools u-turn January 5, 2021 Over the course of this grim pandemic the government has performed enough u-turns to make a woodpecker’s head spin. Free schools meals, mass testing, masks, furlough, exams, Christmas, one exasperatingly predictable volte-face after another, accompanied by the inevitable, gradual erosion of faith in ministers to chart a course out of this crisis. Read more: England [...]
Network International taps Mastercard executive as new boss January 5, 2021 Payments processor Network International has hired a top Mastercard executive as its new chief executive following the departure of Simon Haslam. Nandan Mer, who currently serves as Mastercard’s strategy head for international markets, will take up the role on 1 February. It comes after Haslam announced plans to retire at the end of the month [...]
UK supermarket sales soar to record-breaking £11.7bn in December January 5, 2021 UK supermarkets recorded their busiest ever month in December as grocery sales soared to £11.7bn amid bar and restaurant closures during the festive period. Morrisons was the strongest performer of the Big Four UK supermarkets, with sales jumping 13.1 per cent, followed by Tesco, which toasted a 11.1 per cent rise in sales. Sainsbury’s recorded [...]
New York Stock Exchange scraps plans to delist Chinese telecoms firms January 5, 2021 The New York Stock Exchange has scrapped plans to delist three Chinese telecoms stocks in a shock U-turn. In a statement last night the exchange said it would no longer go ahead with plans to remove China Mobile, China Telecom and China Unicom Hong Kong from its index. It said the decision came “in light [...]
