Sainsbury’s launches partnership with Deliveroo October 30, 2020 Sainsbury’s has launched a trial with Deliveroo in the latest partnership for the delivery app, which has seen demand for groceries soar during the coronavirus pandemic. The supermarket will offer the on-demand delivery service from its North End Crescent convenience story in Hammersmith, before expanding the trial to a further nine branches across the UK [...]
Water spending rebellion could cost households billions, says Citizens Advice October 30, 2020 Citizens Advice has waded into a row between the competition and water watchdogs over new spending rules for the country’s water companies. According to the charity, households could lose out on a combined £3.7bn across the next five years if the Competition and Markets Authority (CMA) sticks with its decision to back a rebellion against [...]
It’s England’s Six Nations to lose, and I fancy France to beat Ireland handsomely October 30, 2020 Everyone is thankful for competitive live sport like the Six Nations Championship at the moment. And the fact that the final round of fixtures on Saturday will decide the winner makes it even more exciting. Away from all the increasingly gloomy news in other areas of life, we have a Six Nations finale and a [...]
Astrazeneca and Pfizer vaccines under accelerated review by drugs regulator October 30, 2020 The UK’s drugs regulator has reportedly begun an accelerated review of coronavirus vaccine candidates developed by Astrazeneca and Pfizer. Bloomberg reported that the Medicines and Healthcare products Regulatory Agency (MHRA) have already commenced ongoing reviews of both vaccines. A source familiar with the trial confirmed to Bloomberg that Pfizer’s treatment was under review, although this [...]
Brexit talks: Germany ‘concerned’ over lack of progress given reliance on City October 30, 2020 A senior German government official said he was “deeply concerned” by the lack of progress in post-Brexit trade talks between the UK and EU, given the reliance of Germany companies on funding from the City. “German corporates, for all that I can tell, rely massively on wholesale financing offered from the City of London, so [...]
Negative rates explained: should UK investors prepare? October 30, 2020 The UK’s banks received a letter from the Bank of England (BoE) this week which has brought negative interest rates back into the headlines. The letter, published here, asked banks how ready they would be if the Bank of England base rate – which currently sits at 0.10% – moved into negative territory. The letter, signed [...]
The City A.M. Punter Podcast EP:24 Ascot, Wetherby & Hong Kong October 30, 2020 Today trainer Kim Bailey joins us to talk about his exciting Vinndication who runs at Wetherby on Saturday in the Grade 2 Charlie Hall Chase over 3 miles. Racing editor Bill Esdaile looks at the best of the weekend action at Ascot & Wetherby and Wally Pyrah talks us through some of the Hong Kong [...]
Eurozone economy posts record growth but Covid set to knock recovery October 30, 2020 The Eurozone economy handily beat expectations in the third quarter of the year with record growth, although surging coronavirus cases and new lockdowns now look set to knock the recovery off course. Eurozone GDP grew 12.7 per cent in the third quarter, having slumped 11.8 per cent in the April to June period, the EU’s [...]
Bother: The startup looking to disrupt the grocery market October 30, 2020 The days of empty shelves and loo roll shortages seem a distant lockdown memory, but one London-based startup thinks it speaks to a wider problem within the UK’s grocery market. Startup Bother is on a mission to disrupt the saturated grocery market by offering what it considers to be a convenient and cheaper online alternative. [...]
Watchdog slams Grant Thornton over ‘unacceptable’ public sector audits October 30, 2020 The accounting watchdog has criticised Grant Thornton over its ‘unacceptable” record on public sector audits, after five out of six of the firm’s local audits were found to fall below the expected standard. The Financial Reporting Council (FRC) singled out Grant Thornton and Mazars for criticism following a review of 15 major audits of health [...]
