Evening update: What we know about the US election race November 4, 2020 After an action packed day of ballot counting in the Midwest, we now have a much clearer picture of the final results of the 2020 US presidential election. As this reporter went to bed early this morning in D.C., Trump held solid leads in the three election-deciding states of Pennsylvania, Wisconsin and Michigan. However, things [...]
Snakes and Ladders: Who is moving jobs in the City this week? November 4, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of the crisis. This week, [...]
FTSE 100 closes higher and US stocks jump amid election uncertainty November 4, 2020 The FTSE 100 closed on a high and US stocks shot up as traders sought out the safety of recent corporate success stories in the face of a knife-edge presidential election. Wall Street’s major indices all opened higher as the race for the White House went down to the wire, despite investors remaining worried about [...]
Shepherd Neame swings to a loss ahead of new hospitality restrictions November 4, 2020 Britain’s oldest brewer Shepherd Neame swung to a loss in the last financial year due to the impact of the coronavirus lockdown. The pub chain posted a loss before tax of £12.1m in the year ended 27 June, compared to profit of £3.5m the previous year. Turnover dropped from £145.8m to £123.6m, reflecting the three [...]
EU finance ministers agree to set up anti-money laundering body for bloc November 4, 2020 Finance ministers from European Union member states have agreed to establish an EU body to fight money laundering across the bloc. At a meeting held today, the council of finance ministers expressed their support for the creation of the new supervisory body, first proposed by the EU Commission in May. The ministers also gave their [...]
Pilots’ union calls for ministers to commit to ending travel ban on 2 December November 4, 2020 The UK’s pilot union has called for the government to commit to end the ban on international leisure travel on 2 December. Under the rules of the new national lockdown, which begins tomorrow, all but essential overseas travel from England will be banned. When the measure was announced on Saturday it was denounced as a [...]
Eyes turn to the Federal Reserve as markets await US election result November 4, 2020 As markets nervously awaited the results of today’s chaotic presidential election, investors’ eyes turned to the US Federal Reserve’s meeting tomorrow. Traders were digesting the state of play so far, and seemed to think that the most likely outcome is a president who doesn’t have control of congress. It comes after President Donald Trump fared [...]
Why has Donald Trump done much better than Europeans expected — again? November 4, 2020 As was the case four years ago, most media outlets in Europe have been predicting a massive victory for the Democrats. Now the election results are much tighter than expected. Why? Well, among lots of Europeans it was the wish for an overwhelming victory for Joe Biden that shaped the narrative. The majority of western [...]
Three owner CK Hutchison nears €10bn tower sale to Cellnex November 4, 2020 The owner of mobile network Three today confirmed it is closing in on a €10bn (£9bn) sale of its European masts business to Spanish infrastructure group Cellnex. In a stock market filing today, CK Hutchison said it had reached a “substantial agreement” with Cellnex on key commercial terms for the sale. The Hong Kong-based group [...]
London Southend owner Stobart bullish on comeback November 4, 2020 The boss of London Southend owner Stobart Group is optimistic that the airport will be among the quickest to see a recovery in passenger numbers after the coronavirus pandemic. This morning the company revealed that numbers have dropped 89.5 per cent so far this year. Most companies in the sector are predicting a return to [...]
