To the Moon November 13, 2020 Edging Higher The market continued to edge higher, with Bitcoin attempting to make its way through the congestion area between $16,000, $17,000- $17,150 zone based on 2017/18. Ultimately, the markets are looking to test all-time highs; so much so that resistance before that looks almost futile based on the current risk on sentiment. However, it [...]
Tui in talks with German government over new bailout November 13, 2020 Travel giant Tui is reportedly in talks with the German government over receiving a further €1.8bn (£1.6bn) bailout in order to survive the coronavirus pandemic. The Anglo-German firm has already received €3bn in state aid to stay afloat during the crisis, which has hammered the global travel industry. However, it has now warned that the [...]
What should investors care about most: A vaccine or the US President? November 13, 2020 The result of the US election was big news for the world, for the economy and markets. But as an investor I’ve always considered the pandemic of far greater consequence. Vaccine news steals election thunder Joe Biden’s electoral success was duly eclipsed by the news on Monday that an effective Covid-19 vaccine may have been [...]
Disney doubles down on streaming as it keeps a lid on losses November 13, 2020 Disney has said its nascent streaming service is key to the future success of its business after the media giant swung to its first annual loss in four decades. The House of Mouse today said it had racked up almost 74m paid subscribers for its Disney Plus platform, which launched in the UK on the [...]
Edinburgh Woollen Mill administrators hail ‘strong performance’ November 13, 2020 The firm managing the administration of Edinburgh Woollen Mill today hailed a “strong performance” for the first half of the year. FRP Advisory said that revenue had risen 14 per cent year-on-year to £35.4m, while earnings had increased seven per cent to £9.7m. It said that it had achieved the growth even though the number [...]
New Asda owning Issa brothers sell stake in petrol station giant EG Group November 13, 2020 New Asda owning Issa brothers sell stake in petrol station giant EG Group
Trump administration to delay enforcement of Tiktok ban November 13, 2020 The US government has said it will delay enforcement of a ban on Tiktok as the Chinese-owned viral video app fights back against the measures. The Trump administration in August filed a divestiture order that would have forced Tiktok to sell its US operations by Thursday this week. But the US Commerce Department said it [...]
London job market lagging behind rest of country November 13, 2020 London’s job market is still lagging behind the rest of the country in terms of fresh opportunities, new figures today suggested. In the week before the second national lockdown was introduced, there were 18.7 per cent fewer job listings in the capital than in the week before the first lockdown in March. That is despite [...]
Dominic Cummings ‘set to resign’ by end of the year November 13, 2020 Boris Johnson’s top advisor Dominic Cummings is expected to resign from his role in Downing Street by the end of the year. Transport secretary Grant Shapps told Sky News this morning: “As he [Cummings] wrote right at the beginning of the year in his own words, he planned to make himself largely redundant this year [...]
DEBATE: Will the National Security and Investment Bill make it harder for the UK to remain a business hub? November 13, 2020 Max von Thun, senior associate at political advisory firm Global Counsel, says YES. Under the screening regime proposed by the new National Security and Investment Bill, a much higher number of deals will be subject to potential government intervention on national security grounds for up to five years after they have taken place. In addition [...]
