US stocks and FTSE 100 jump as markets rebound on signs of Trump’s health improving October 5, 2020 US stocks jumped this afternoon, while the FTSE 100 climbed steadily following reports that President Donald Trump’s health was improving. Wall Street’s Dow Jones and tech-heavy Nasdaq both gained more than one per cent in early trading. The S&P 500 climbed 0.9 per cent, following a sharp sell-off last Friday on the President’s announcement that [...]
Major Boohoo shareholders fail to denounce CEO over Leicester factory conditions October 5, 2020 Boohoo’s major shareholders today failed to denounce the fast fashion firm’s bosses following a report into poor working practices at Leicester clothing factories. Leicester West MP Liz Kendall called on investment firms Jupiter, Baillie Gifford and Invesco to remove chief executive John Lyttle and executive chairman Mahmud Kamani following an independent review into working conditions. [...]
Queen praises ‘invaluable’ role of trusted news during Covid-19 crisis October 5, 2020 The Queen has thrown her weight behind trusted news organisations, praising them for providing an “invaluable” service during the coronavirus pandemic. The monarch hailed the “vital” work of the mainstream news media amid a proliferation of fake and misleading news on social media. In a letter to industry body News Media Association, the monarch said [...]
Rishi Sunak vows to protect UK’s entrepreneurs in conference speech October 5, 2020 Rishi Sunak has vowed to create opportunities for the UK’s entrepreneurs after the Covid crisis, while also foreshadowing future “hard choices” on public spending. Sunak used his first conference speech as chancellor to say it was his “single priority” to to “create, support and extend opportunity to as many people as I can” and “to [...]
Legal & General to vote against all-white FTSE 100 boards October 5, 2020 One of Britain’s largest institutional investors, Legal & General, has warned FTSE 100 companies with all-white boards that it will vote against them if they do not hire a Black, Asian or minority ethnic (BAME) director by 2022. L&G issued the ultimatum to the 30-plus blue-chip firms that do not have a director from an [...]
In full: Rishi Sunak’s virtual Conservative conference speech October 5, 2020 Chancellor Rishi Sunak today addressed Conservative virtual conference, pledging to support entrepreneurs but warning of difficult times ahead. Here’s the full speech: “Politics is a team sport” “Being appointed Chancellor in February this year was an immense honour. Even though my first conference speech as Chancellor isn’t quite how I expected it to be, it [...]
Wet weather and 10pm curfew dampens high street footfall recovery October 5, 2020 Retail footfall dropped for the second week in a row as the pub and restaurant curfew and wet weather brought further gloom for the embattled UK high street. Footfall across all retail destinations declined 3.5 per cent last week compared the previous week, dragged down by a 7.1 per cent slump in high street shopper [...]
Leading business figures call on Sunak to slash taxes to return to 90s growth October 5, 2020 Leading business figures have backed calls from the Institute for Economic Affairs (IEA) for the government to implement similar policies to those that contributed to the best period of economic growth in recent history. These include slashing and streamlining taxes in order to build a “bright future”. Wetherspoons founder Tim Martin, JP Morgan VP Laurence [...]
Khan: ‘False dichotomy’ between saving the economy and saving lives October 5, 2020 I want to speak directly to London’s business leaders at this unprecedented time. It doesn’t matter whether you’re a sole trader or a small business owner, whether you work for a start-up or one of London’s biggest employers – this is the most precarious period for business we have ever faced. As your Mayor, I want [...]
Exclusive: Mayor Sadiq Khan says no “accurate picture” of Covid-19 resurgence in London October 5, 2020 Sadiq Khan today says Covid-19 is “now spreading widely and quickly across London again” but warns that there is no totally “accurate picture” due to government failings. Writing exclusively for City A.M., the Mayor of London says this is “the most precarious period for business we have ever faced” but rejects what he calls the [...]
