Sterling edges higher on renewed Brexit deal hopes November 20, 2020 Sterling edged higher against the euro and the dollar after an European Union official said the bloc and Britain are very close to agreement on most issues, even if they are still at odds over three main points. After being flat in earlier trade, the pound gained 0.2% versus to stand at 89.31 pence per [...]
Three opens 20 new UK data centres as it ramps up network investment November 20, 2020 Mobile network Three today launched 20 new data centres across the UK as it pours money into updating its network amid surging demand for high-speed connections. Three said its new data centres will bring its network closer to customers, helping to improve speeds for applications such as gaming and video conferencing. They will also increase [...]
Watchdog calls for end to relaxation of pre-emption rules November 20, 2020 The audit regulator has called for an end to the relaxed pre-emption rights past the November deadline, in what has been hailed as a positive step for retail investors. The so-called pre-emption rights were first introduced in March by the Financial Reporting Council (FRC) in a bid to help struggling companies raise cash quickly. The [...]
Treasury rebuffs calls from City banks for help chasing bad debts from Covid loans November 20, 2020 Treasury rebuffs calls from City banks for help chasing bad debts from Covid loans
Gatwick Airport to open coronavirus testing centre November 20, 2020 Gatwick Airport will open a coronavirus testing centre at the end of the month offering passengers results the next day. From 30 November, passengers both arriving at and departing from the Sussex airport will be able to take a test for £60. The airport said the centre could help to fulfil the requirements of the [...]
UK youth unemployment reaches its highest level in four years November 20, 2020 UK youth unemployment reaches its highest level in four years
MPs threaten football regulation as they urge bosses to end funding ‘fiasco’ November 20, 2020 MPs have called on the bosses of England’s top football leagues to end the “fiasco” over emergency funding, warning they could introduce new regulation if the game failed to reform itself. The Premier League has been locked in fraught negotiations over a bailout deal for clubs in the English Football League (EFL), which have seen [...]
Starling becomes first challenger to make a profit November 20, 2020 Starling has become the first of the challenger banks to break even as its rivals record mounting losses, with plans to expand across Europe. Positioned as challengers, digital banks Monzo, Starling and Revolut have faced criticism from investors and the Bank of England for failing to deliver profit. But in a trading update today, Starling [...]
Screenshot: How books became the new media battleground November 20, 2020 A weekly column from City A.M. bringing you all the biggest stories and trends in technology, media and telecoms This week **Media Moment of the Week: French radio kills the Queen **Publish and be damned: How books became the new media battleground **Could Pearson become the Netflix of education? Media Moment of the Week If [...]
COVID-19 has changed investors’ priorities but UK attractiveness remains resilient November 20, 2020 COVID-19 has reshaped how international investors think about where to invest in the future. How a country has dealt with the pandemic and the measures it has put in place to prevent a future crisis have become a top priority. Every year, EY tracks the performance and perceptions of the UK as a destination for [...]
