Offices will reinvent themselves to play host to the capital’s social capital February 4, 2021 When Mark Twain’s obituary was prematurely published by an American newspaper, he responded with the now iconic assurance that “the reports of my death are greatly exaggerated.” Over a century later, the same could be said of the capital’s offices. For much of the past year, a growing Niagara of newspaper articles have speculated about [...]
New Square Mile rapid testing site for workers without COVID-19 symptoms February 4, 2021 The City of London Corporation is calling on workers who do not have Coronavirus symptoms to get regular lateral flow tests to help prevent the spread of the virus to family, friends and colleagues. One in three people with Coronavirus do not have symptoms and could be passing on the virus without knowing. That is [...]
Almost half of UK exporters hurt by Brexit, says new survey February 4, 2021 Almost half of Britain’s exporters have been negatively affected by the end of the Brexit transition period on 1 January, according to a new survey. The YouGov/HSBC poll found that 42 per cent of exporters said the UK’s exit from the EU’s single market and customs union on 31 December had a “negative impact” on [...]
Paypal profit surges as it cashes in on online shopping boom February 3, 2021 Paypal posted a surge in profit in the fourth quarter as the Covid-19 pandemic sparked a sharp rise in online shopping. The payments processor posted net profit of $1.6bn (£1.2bn) for the last three months of 2020, up 209 per cent on the same period the year before. It came on revenue of $6.1bn, which [...]
Wall Street rallies on strong tech earnings as FTSE 100 slips February 3, 2021 Wall Street pushed higher today on the back of strong tech earnings, but the FTSE 100 closed in the red after early losses were reserved. The Dow Jones was up 0.26 per cent shortly before markets closed, while the S&P 500 and Nasdaq rose 0.28 per cent and 0.18 per cent respectively. It marked the [...]
Covid-19: Global vaccination tally passes confirmed cases February 3, 2021 The number of global Covid-19 vaccinations has surpassed the tally of confirmed cases for the first time, marking a landmark moment in efforts to fight the virus. The total number of jabs administered reached 104m today, while the number of confirmed cases was just over 103m, according to the Financial Times vaccine tracker. With lockdown [...]
Cambridge cannabis pharma GW sold to US rival in landmark $7bn deal February 3, 2021 Cambridge cannabis pharma GW sold to US rival in landmark $7bn deal
Defiant Reddit traders help Gamestop claw back some of its losses February 3, 2021 The Gamestop bubble has not burst just yet as shares in the retailer jumped again after a gruelling day of trading on Tuesday. Shares in Gamestop dropped 60 per cent yesterday triggering multiple trading halts in the meme stock favoured by Reddit traders. The so-called meme stock saw its share price surge 300 per cent [...]
Surprise your Valentine with a ‘virtual dating’ package February 3, 2021 How are you supposed to tell your one true love how you feel this Valentine’s Day when you’re not allowed to leave the house? The owners of The Umbrella Project, the team behind East London bars Discount Suit Company and The Sun Tavern, have come up with a novel solution. They are offering to deliver [...]
Amazon’s UK sales surge to £20bn thanks to lockdown boom February 3, 2021 Amazon’s UK revenue jumped more than 50 per cent to hit $26.5bn (£20bn) last year as coronavirus lockdown sparked bumper demand for online shopping. The US tech giant last night reported full-year sales of $280.5bn, with revenue surpassing $125bn in the final three months of the year alone. But in-depth documents filed with the Security [...]
