Hungary and Poland veto EU budget and coronavirus recovery fund November 16, 2020 Hungary and Poland have effectively vetoed the European Union’s budget and coronavirus recovery package in response to plans to make access to funds conditional on adhering to the rule of law. The veto came as top EU officials and countries’ ambassadors today discussed the €1.1 trillion (£990bn) budget, which covers 2021-27, and the €750bn coronavirus [...]
HMRC criminal actions against rich individuals jump 40% in 2019/20 November 16, 2020 The number of arrests, dawn raids or interviews carried out by HMRC in respect of corporate and high net worth individuals jumped 40% last year. Criminal actions launched by HMRC’s Offshore Corporate and Wealth (OCW) unit increased to 70 in the 2019/20 tax year, up from 50 in 2018/19, according to a freedom of information [...]
Wall Street and European markets cheer highly effective Moderna vaccine November 16, 2020 Wall Street indexes followedthe FTSE 100 and indexes in the rest of Europe higher after more good news in the search for a Covid-19 vaccine
We take the ferocious new McLaren 765LT flat-out at Silverstone November 16, 2020 Lighter, faster and more focused, the new 765LT supercar is McLaren at its best. Tim Pitt drives it on-track.
Exclusive: Coronavirus stalls nearly a third of promotions November 16, 2020 Some 28% of full time workers were due a promotion in 2020 that has been put on hold due to the coronavirus pandemic, exclusive research has revealed. The research found more than a third (36%) of full-time workers felt their professional development had regressed due to the coronavirus pandemic. Among 18 to 34 year-olds the [...]
G4S seeks to calm investors as rivals circle outsourcer November 16, 2020 Takeover target G4S today said that its retail cash solutions (RCS) business could pull in $600m a year in revenue by 2025 as it sought to bolster the case for investors to ignore circling competitors. The FTSE 250 outsourcer has been the subject of a months-long pursuit by Canadian security firm Gardaworld, which has made [...]
Investors clamp down on executives’ pension pay packets November 16, 2020 Investors are piling further pressure on companies to scale back executive pension packets to align with the rest of their workforce. In the past it has been common for executives’ pension contributions to be considerably higher than the rest of the workforce. Some progress has been made in bridging the gap but now investors want [...]
Oil prices bounce back on Moderna vaccine hopes ahead of crucial Opec+ meeting November 16, 2020 Oil prices bounced back today as optimism over a new coronavirus vaccine compounded encouraging economic figures from China and Japan and encouraged traders. After picking up 10 per cent on the back of the news of an effective coronavirus vaccine, prices flagged on Thursday and Friday as growing numbers of Covid cases brought markets back [...]
Cineworld shares soar on Moderna coronavirus vaccine breakthrough November 16, 2020 Cineworld’s share price soared this morning following a second coronavirus vaccine breakthrough on hopes that an end to the pandemic could save the struggling entertainment firm. The cinema chain’s stock rose as much as 21 per cent after US biotechnology company Moderna announced that early data suggested that its Covid-19 vaccine is 94.5 per cent [...]
All Bar One and Toby Carvery owner Mitchells & Butlers to close 20 sites November 16, 2020 All Bar One and Toby Carvery owner Mitchells & Butlers will permanently close 20 sites due to the impact of the coronavirus pandemic. The pub and restaurant chain, which also owns Harvester, O’Neills and Miller & Carter, said it had decided not to reopen the sites after assessing expected footfall and business layout. It opened [...]
