DS Smith’s profit drops 54 per cent despite lockdown shopping surge in UK December 10, 2020 Cardboard manufacturer, DS Smith, will resume dividend payments despite a 54 per cent drop in profits in the six months to 31 October.
Sport at Christmas: Why the festive period is a gift for canny PRs seeking impactful coverage December 10, 2020 Did we take for granted just how much incredible sport usually takes place throughout the festive period? In football, we have Boxing Day and New Year’s Day fixtures. Rugby, meanwhile, sees the annual Big Game in which Harlequins head across the road to Twickenham for the ultimate booze-filled day out for 80,000 fans. Inevitably, it [...]
City regulator confirms mini-bond marketing ban December 10, 2020 The Financial Conduct Authority has today confirmed its permanent ban on the marketing of mini-bonds to retail investors amid concerns over losses. It comes after a series of scandals involving unregulated bonds, including the collapse of London Capital & Finance (LCF) last year. The confirmation follows a temporary ban introduced in January after the regulator [...]
Pound sterling sinks lower on no-deal Brexit jitters December 10, 2020 The Brexit-battered pound extended its losses against the dollar and the euro this morning, on no-deal Brexit concerns.
EU sets out plans to ensure flights and fishing are not disrupted in no-deal Brexit December 10, 2020 Brussels has set out a plan to ensure UK-EU flights and fisheries arrangements are not disrupted in the case of a no-deal Brexit on 1 January next year. European Commission President Ursula von der Leyen released a statement today to announce a proposal to “ensure the provision of certain air services between the UK and [...]
Honda looks to restart production at Swindon plant on Monday December 10, 2020 Japanese carmaker Honda said that it would try to restart production at its Swindon plant on Monday after a shortage of parts forced it suspend activities. In a statement, the auto giant said: “Production is not running today or Friday with a view to restarting on Monday.” Output was halted yesterday after transport delays at [...]
McLaren considering listing in bid to raise £500m – report December 10, 2020 British supercar firm McLaren is mulling a public listing in a bid to raise cash in order to shore up its finances after taking a battering from the coronavirus pandemic. The carmaker is looking to raise up to £500m over the next 12 months, and is considering going public via a deal with a special [...]
Definitely DeFi December 10, 2020 2020 has been a year of spectacular growth in the decentralised finance (DeFi) arena. From retail crypto enthusiasts diving in head-first, to institutional investors cautiously dipping their toes in – the blockchain-powered space of DeFi is flourishing. Since the start of the year, the amount of money locked in DeFi protocols has skyrocketed by a [...]
FTSE 100 edges higher as Brexit talks given Sunday deadline December 10, 2020 The FTSE 100 opened higher as the lack of progress in Brexit talks continued to pressure the pound. London’s blue-chip index climbed 0.32 per cent by 8.40 GMT as investors considered how likely a Brexit deal is. Sterling sank 0.6 per cent against the dollar and 0.8 per cent against the euro. Boris Johnson and [...]
First Group reports half-year loss as travel restrictions continue December 10, 2020 Bus operator First Group has reported a half-year loss after lockdown restrictions placed pressure on its rail and bus divisions. First Group said adjusted pretax loss was £73.3m for the six months ending 30 Deptember, down from a profit of £19.9m a year ago. Revenue fell 23.8 per cnet to £3.1bn in the period after [...]
