Model railway maker Hornby puts the brakes on non-UK orders due to Brexit uncertainty December 16, 2020 Model railway maker Hornby will not accept international orders until next year due to Brexit uncertainty, it announced this afternoon. Hornby said it has paused all non-UK orders until 4 January 2021. Shares in the retailer, which also sells Scalextric racing kits, fell seven per cent following the announcement. In a statement the company said: [...]
Bitcoin surpasses $20,000 to hit all-time high December 16, 2020 Bitcoin has surpassed $20,000 this afternoon reaching its highest ever level making it one of the best performing assets of the year. The cryptocurrency jumped 4.5 per cent to trade as high as $20,440 after a strong year which has seen demand from larger institutional investors. The pandemic has led to a reassessment of bitcoin [...]
Govt rejects £33m proposal for more passport booths at Dover leaving longer queues more likely December 16, 2020 The UK cabinet office has rejected a £33m proposal to double the capacity for French government passport checks at Dover, dooming UK passengers to long delays at the border post-Brexit. The port of Dover, which handles 2.2 million passenger vehicles each year, requested the funding in October to help it to pay for additional Brexit-related [...]
Pornhub removes 80% of its videos following Mastercard rebuttal December 16, 2020 Mastercard has said it will cut ties and block the use of its cards on Pornhub after they found that the website allowed for unlawful content to be uploaded onto the site. More than 10m (80 per cent) videos have been removed from the website, following an investigation from the New York Times which claimed [...]
Record highs December 16, 2020 Road to 20k The relentless appetite for risk drove the market higher yet again and with that, aggregate Bitcoin futures open interest (OI) advanced to a new record high. Interestingly, the CME has lost some ground to the likes of OKEx and Binance, although the OI still remains above $1 billion. Nevertheless, with the contango [...]
Pound hits two-year high as hopes of Brexit trade deal rise December 16, 2020 The pound hit its highest level in two years after market optimism rose that the UK and EU would strike a post-Brexit trade agreement. Sterling climbed 0.5 per cent to $1.352 having earlier touched $1.355, its highest level since the spring of 2018. The pound was up 0.3 per cent against the euro at €1.109. [...]
Aldi launches click and collect service in London ahead of Christmas December 16, 2020 Aldi has launched a click and collect service in London for the first time as its ramps up its online shopping capacity to cater to a surge in demand. The budget supermarket said it will extend its click and collect service to four stores in outer London boroughs, where customers will be able to order [...]
RSM pays back £4.4m furlough cash December 16, 2020 Audit challenger firm RSM has repaid £4.4m to the government, having decided to do so in a board meeting earlier this month, City A.M can reveal. RSM’s board made the decision to repay the the money in full on 8 December. CEO Rob Donaldson said the firm did not see the decision as an opportunity [...]
Wonder Woman 1984: Gal Gadot shines in retro romp December 16, 2020 The news that Warner Bros would be simultaneously releasing their upcoming slate in cinemas and HBO Max shook the entertainment world, although most headlines buried the fact that this was a US-only deal. In the UK, this week’s sequel to Wonder Woman is still a cinema event, and a welcome one after months of scant [...]
Quarter of UK pubs feared closing for good even before new lockdown December 16, 2020 More than a quarter of UK pub and bar-owners said they feared their business would fail even before the latest lockdowns in London and the south east. Figures from the UK’s statistics body showed that 27.9 per cent of pub and bar businesses said they had low or no confidence in surviving the next three [...]
