Number of Tube journeys rises again ahead of Tier 2 restrictions October 21, 2020 The number of Tube journeys rose again last week despite the announcement of harsher restrictions on the capital, new data from Transport for London (TfL) has shown. Although London was moved into Tier 2 restrictions from midnight on Friday, there was no sign of a drop off in travel ahead of the new coronavirus limitations [...]
Live music industry warns of 170,000 job losses by end of year October 21, 2020 The UK’s live music industry has warned it will suffer 170,000 job losses before the end of the year if the government fails to offer further support. LIVE, which represents the sector, said the country’s live music workforce was facing a “cliff edge” as the furlough scheme comes to an end at the end of [...]
The Maserati Levante S is the closest you’ll get to a Ferrari SUV… for now October 21, 2020 The 430hp Maserati Levante S is a large SUV powered by a cut-down Ferrari engine. Does it retain some Maranello magic?
Snakes and Ladders: Who is moving jobs in the City this week? October 21, 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. City 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 [...]
Shakespeare: Lockdown pups give Pets at Home a boost October 21, 2020 Last month, in the face of the coronavirus, Pets at Home reported glowing results making it the best-performing UK retail stock of the quarter. The pet shop and veterinary services provider said it expected full-year underlying profits to be ahead of current market expectations. Pets at Home said that while strong merchandising sales had helped [...]
Don’t get in over your head – trade smart and trade safe October 21, 2020 With the shift to at-home working resulting in lockdown boredom, there has been a surge in retail day traders around the world looking to profit from the market volatility. With the growing number of brokers committing to commission-free trading and zero-minimum balances, there are more choices than ever for retail traders. However, one must take [...]
Bulmers owner C&C warns over impact of second wave on cider sales October 21, 2020 Bulmers and Magners owner C&C Group today warned that the second wave of the coronavirus pandemic could dent its recovery due to ongoing restrictions in the hospitality sector. For the six months ended 31 August, the company swung from a €64.4m operating profit to a loss of €11.7m, due to the closure of pubs and [...]
Accounting watchdog floats strengthening auditors’ obligation to spot fraud October 21, 2020 The UK’s accounting regulator has proposed increasing the requirements on auditors to detect fraud in company accounts following a spate of high-profile accounting scandals. The Financial Reporting Council (FRC) has launched a review into the international accounting standard outlining auditors’ responsibilities to identify fraud. The watchdog is proposing revisions to the standard to provide “increased [...]
UK public borrowing unexpectedly picks up to hit record £209bn this year October 21, 2020 UK government borrowing rose unexpectedly in September, pushing the budget deficit to a new record high of just under £210bn and the total debt pile to its biggest level as a proportion of GDP since 1960. The government borrowed £36.1bn last month, according to the Office for National Statistics’s (ONS) best estimate. That comfortably beat [...]
UK investors most downbeat in world on own economy October 21, 2020 UK investors are more downbeat about the short-term prospects for their own economy than their global peers, according to new research. Some 43 per cent of UK investors surveyed by UBS in the third quarter said they were optimistic about their own region’s economy over the next 12 months. While the figure represents a three [...]
