British Airways’ last ever Boeing 747 flight touches down October 8, 2020 The last British Airways Boeing 747 flight from Heathrow has touched down at Kemble Airport in the Cotswolds. The iconic jet has had its retirement brought forward due to the slump in air travel caused by the Covid-19 pandemic. Two flights took off from Heathrow this morning, with the first touching down at St. Athan [...]
UK and EU should reach trade deal, says BoE governor Andrew Bailey October 8, 2020 Bank of England governor Andrew Bailey said he believed the UK and European Union should be able to reach a trade deal. “I do think it is in the interests of both sides – let’s be blunt – to get an agreement,” he said. Read more: BoE’s Andy Haldane warns against ‘Chicken Licken’ economic pessimism [...]
Talk Talk shares leap as Toscafund makes buyout offer October 8, 2020 Shares in Talk Talk leapt 16.5 per cent after the telecoms firm revealed that it had received a buyout offer from asset manager Toscafund. The offer, which prices the internet operator at 97p per share, comes with a number of conditions attached, including the support of chairman Sir Charles Dunstone. The deal values the firm [...]
Crypto AM: Blair Halliday of Gemini in conversation with James Bowater October 8, 2020 As access to the crypto market broadens, customers are increasingly conscientious about the exchanges on which they transact. Exchanges are no longer being evaluated purely on factors like volumes traded or trading fees; customers are concerned about which companies take proper care of their funds and their data with effective security and compliance. In fact, [...]
Imperial Brands revenue flat as pandemic drives smoking pick up October 8, 2020 Tobacco giant Imperial Brands said that it expected full year revenue to be broadly flat, with the pandemic driving up demand for cigarettes. In a trading update, the FTSE 100 firm said the increase in demand had offset weaker duty free sales, which fell due to the restrictions on international travel. The announcement sent shares [...]
Easyjet on track for first ever full year loss October 8, 2020 Easyjet announced this morning it is in line for a pre-tax loss of up to £845m for the full year, the first time the budget carrier will have reported an annual loss. In a trading update, the carrier said passenger numbers for the full year had halved, falling to 48m as a result of the [...]
CMC Markets lifts profit expectations amid high market volatility from Covid-19 pandemic panic October 8, 2020 CMC Markets lifts profit expectations amid high market volatility from Covid-19 pandemic panic
Active funds pivot to ESG in bid to fight off passive trackers October 8, 2020 ESG funds are going some way in helping active fund managers stave off the threat of the increasingly popular passive trackers. Inflows into active ESG funds reached a record £392m in September taking the quarterly total to £1bn, according to data from funds network Calastone. The continued emphasis on ESG-led investment strategies contrasts with the [...]
What are the best paid job titles in London’s financial services market? October 8, 2020 Keeping the financial services industry going is no easy feat – and firms need everybody from compliance officers to risk managers to make sure nothing goes awry when deals are struck. Executive search agency Robert Half’s 2021 salary guide, released today, shows the best paid jobs in the ‘back rooms’ of financial services. Read more: [...]
Optimism rises among financial services firms as business volumes stabilise October 8, 2020 Optimism within the financial services sector increased for the first time in three quarters as business volumes showed signs of stabilising following the initial shock of the coronavirus crisis, a new survey showed. Sentiment among finance firms rose nine per cent in the three months to the end of September, according to the Confederation of [...]
