Market surge crashes trading platforms on ‘busiest ever day’ November 9, 2020 Investors trying to cash in on today’s market surge were left disappointed after some of the major trading platforms crashed due to overwhelming demand. Pharma giant Pfizer today announced that early studies of its coroanvirus vaccine are 90 per cent effective which sent markets into a frenzy. The FTSE 100 shot up, closing up 4.67 [...]
Bad connection: Zoom shares sink after Pfizer Covid-19 vaccine breakthough November 9, 2020 Bad connection: Zoom shares sink 16% after Pfizer Covid-19 vaccine breakthough
Six tips for lockdown success from former England cricketer Jeremy Snape November 9, 2020 With the second lockdown firmly in place, our mindset will be the key to our success. As an England cricketer, I realised that my mindset was either my greatest strength or my biggest weakness yet I spent so little time developing it. After studying an MSc in sport psychology, and working with some of the [...]
Ineos launches clean hydrogen business in green drive November 9, 2020 Sir Jim Ratcliffe’s firm Ineos has joined the long list of corporates piling into green energy with the launch of a new UK business to cut carbon emissions. The chemicals company has today launched a new clean hydrogen business, headquartered in the UK, in its drive to net-zero carbon emissions. Through its subsidiary Inovyn, Ineos [...]
Mobile trading – The power is in your pocket November 9, 2020 In the 21st century, there is no longer a single factor that defines all traders across the markets. Your ‘typical trader’ is a thing of the past. In the FX industry a couple of decades ago, being a ‘trader’ mostly meant that you were dressed in a suit, sat coordinating trades on the phone all [...]
Aldi to extend click and collect to 200 stores ahead of Christmas November 9, 2020 Aldi has announced that it will extend its click and collect trial to more than 200 stores by Christmas as the budget supermarket seeks to capitalise on the boom in demand for online shopping. The German discounter launched the service from one Midlands store in September, before rolling it out to a further 17 branches [...]
High court judge blocks Brazil lawsuit against BHP November 9, 2020 A landmark case brought by a Brazilian claimant group against mining giant BHP over a burst dam has been struck out by the High Court. A High Court judge in Manchester said managing the 200,000-strong claimant group would be like “trying to build a house of cards in a wind tunnel” and said the case [...]
KPMG to sell restructuring arm to win more work November 9, 2020 Audit giant KPMG is to sell its restructuring arm because conflicts of interest and regulatory scrutiny are preventing it from winning work. In an email to colleagues KPMG UK chairman and senior partner Bill Michael said that concerns relating to conflicts of interest arising from its existing work was likely to “limit the restructuring clients [...]
Lords look to defeat Brexit bill that breaks international law November 9, 2020 The House of Lords will today vote on whether to remove clauses from Boris Johnson’s controversial Brexit legislation that could breach international law. Peers, who are expected to vote to remove the clauses, voted overwhelmingly against Johnson’s Internal Market Bill in a symbolic “regret” motion last month. The bill would see the UK unilaterally override [...]
Confusion reigns ahead of introduction of Bounce Back Loan top-ups November 9, 2020 Businesses that took out Bounce Back Loans (BBLs) from non-bank lenders may struggle to access further funds as alternative lenders scramble to secure financing. The Treasury was forced to introduce top-ups and extend the application deadline for the 100 per cent state-backed loans to January after England was placed into another lockdown last week. From [...]
