Hammerson seeks secondary Irish listing amid Brexit worries December 18, 2020 European shopping centre owner, Hammerson has sought admission to Dublin's stock exchange to maintain access to the European market.
Pound falls back from recent high amid Brexit doubts December 18, 2020 The pound has fallen back from a more than two-year high after post-Brexit trade talks between the UK and EU ran into trouble at a crucial juncture. Negotiations are now in a “serious situation,” according to a Downing Street spokesperson last night. They urged the EU to change its position “substantially”. In a separate call [...]
Wagamama owner The Restaurant Group slams current Covid tier system December 18, 2020 Wagamama owner The Restaurant Group has warned that the current coronavirus tiering system in England will have a significant negative impact on the firm and the wider hospitality industry. Shares in Restaurant Group, which also owns Frankie & Benny’s, dipped more than four per cent this morning after it announced that more than 60 per [...]
Relentless December 18, 2020 No stopping us now The relentless surge higher continued and at one point, Bitcoin was trading just $200 away from $24,000 level. Astounding, considering that it only broke through the $20,000 the day before. The open interest (OI) continued to tick higher and the CME reclaimed second spot on the leader board, with OKEx leading [...]
Paddy Power owner Flutter Group hit with whopping $870m fine December 18, 2020 Flutter Group has been hit with an enormous $870m fine after a Kentucky court ruled a previously vacated judgment had been reinstated. Yesterday the Kentucky Supreme Court reinstated a ruling against The Stars Group, which merged with Flutter in 2019 in a £12.2bn deal, saddling Flutter with an enormous fine in the process. The original [...]
Sir Jim Ratcliffe and INEOS take stake in Mercedes F1 team December 18, 2020 INEOS have taken a one-third stake in the Mercedes Formula One team, it was confirmed this morning. Daimler had owned 60 per cent of the outfit, and will reduce down to 33 per cent. Toto Wolff, the team’s CEO and racing impressario, will up his stake from 30 to 33 per cent. Mercedes-AMG Petronas have [...]
Are investors adjusting to the new normal? December 18, 2020 Potential for recovery following Covid-19 and trends which have accelerated as a result of it give many reasons for optimism heading into 2021 The list of reasons for investor uncertainty heading into 2021 remains long. A global pandemic. Lockdowns. Volatile markets. Political turbulence. Uncertainty over jobs and the economy. Record levels of government borrowing – [...]
Heathrow connectivity collapses by two-thirds due to pandemic December 18, 2020 Some six thousand air routes across Europe are yet to be restored nine months into the Covid-19 crisis, a new report reveals, with Heathrow’s connectivity collapsing by more than two-thirds. The report, from Airports Council International, measures connectivity through a set of direct, indirect and hub indexes. European and UK airports have been the hardest [...]
US nuclear networks accessed in sustained and ‘significant’ cyber-attack December 18, 2020 The US Energy Department, which manages the country’s nuclear weapons stockpile, believe hackers gained access to its networks as part of a massive cyber campaign against the US government. Last night officials warned of a “grave risk” posed to the United States in the form of a sustained cyber-attack, which has affected government agencies and [...]
First psychedelic healthcare fund launches in Britain December 18, 2020 Britain’s first investment fund dedicated solely to psychedelic healthcare launched this week, allowing investors to put money into mind altering drugs for medical use. The fund, launched by London-based venture capital firm Neo Kuma, has an investment thesis focused on clinically proven psychedelic medicines that it believes will hit the market in the next five [...]
