Aircraft orders flatline in September after worst ever quarter October 26, 2020 No commercial aircraft were ordered last month as the global aviation industry recorded its worst ever quarter on record due to the coronavirus pandemic. From July to September, there were just 13 orders placed for planes, a decline of 91.4 per cent on the same quarter last year. There were four orders in July, and [...]
Carlyle Group snaps up majority stake in funds firm Calastone October 26, 2020 Global investment firm The Carlyle Group is set to snap up a majority stake in funds network Calastone for an undisclosed amount, it said today. Carlyle said in a statement that it would buy the stake from current shareholders including venture capital firms Octopus Ventures and Accel. It comes with Carlyle nearing an agreement to [...]
Boots launches private Covid-19 testing service October 26, 2020 Boots has launched a private coronavirus testing service for people without symptoms to check their Covid-19 status before travelling or visiting friends and family. The new service, which will cost £120 per test, will launch in 10 stores across London, Birmingham, Manchester, Edinburgh and Glasgow this week before rolling out to 50 Boots stores next [...]
Online retailer The Hut Group hikes full-year revenue guidance October 26, 2020 Online retailer The Hut Group (LON:THG) said revenue this year will be stronger than previously anticipated as it entered the crucial Christmas trading period, with Black Friday expected to boost sales. THG, which raised £1.88bn when it listed on the London Stock Exchange last month, this morning raised full-year 2020 revenue guidance to between £1.48bn [...]
How much is Donald Trump worth? Judging by his Scottish golf resorts, not as much as you think October 26, 2020 You might have missed the news in the avalanche of election stories pouring out of America, but earlier this month, Donald Trump received planning approval for a new golf course at his Aberdeenshire resort. But before you get too excited (or outraged), understand that it is unlikely to ever be built. The President’s Scottish properties [...]
Congratulations Brussels for capturing EU states’ financial sovereignty October 26, 2020 The European Union achieved spectacular market success this month when it launched its new “Support to mitigate Unemployment Risks in an Emergency” bond programme (SURE). The €100bn programme will be used by the EU to support member nations addressing pandemic job security and social welfare weakness over the next year. The first €17bn bond issue [...]
The world’s great power rivals must not underestimate American blundering October 26, 2020 I love the peerless movie Casablanca beyond all others for its wit, intelligence, charm. I love it for its beating heart of romanticism, all lying just under the strata of the most delightful cynicism imaginable. But most of all I love it for its politics. A perfect geopolitical allegory of the early 1940s, it finds [...]
London will find ways to adapt and thrive — as it always has October 26, 2020 Now that London has moved into even tighter local lockdown restrictions, it would be easy to be pessimistic about the future. Some have argued recently that the capital’s days as a world leading business centre are numbered due to the pandemic, our exit from the European Union, and a rising tide of protectionism across the [...]
First Woodford court battle could come this year October 26, 2020 The first of what could be many legal claims relating to the collapse of the Woodford Equity Income fund is expected to be launched by the end of the year, reports emerged today. London laywers Harcus Parker are co-ordinating a class action lawsuit and are believed to be ‘further down the track’ than rivals in [...]
Could your savings save the planet? October 26, 2020 When Covid-19 upended our lives in March, Rishi Sunak became the hero of the hour by emptying the Treasury’s coffers to support the jobless and keep our economy afloat. It was the kind of quick-thinking fiscal response our country needed at a time of crisis — similar to the Treasury’s bank bailouts in 2008. But [...]
