Rio Tinto’s output falls on workforce shortages and wet weather April 20, 2021 Global miner Rio Tinto reported lower quarterly iron ore output on Tuesday as wet weather and workforce shortages hit operations in Western Australia. Operations were affected by above average wet weather and plant disruptions, while a tropical cyclone disrupted maintenance and labour availability. Production for the quarter stood at 76.4 million tonnes, down two per [...]
Why the European Super League can prove to be a winner for all stakeholders and future-proof the game April 20, 2021 The proposed European Super League (ESL) represents the biggest shake-up of football since the creation of the Premier League and Champions League. As with any significant change, the plan has received its share of critics, many of whom suggest that it represents a money grab by the most powerful clubs. However, far from weakening football, [...]
Jupiter records outflows of £776m as demand for European equities falls April 20, 2021 Jupiter Fund Management recorded first quarter net outflows of £776m as clients turned their back on UK and European equities. The wealth manager said mutual funds saw total net outflows of £848m due to continued lower demand for European-focused equities. It was partially offset by positive net inflows from fixed income. Shares in Jupiter fell [...]
Cyber firm Avast lifts guidance as revenue growth continues April 20, 2021 Cybersecurity firm Avast today hiked its forecasts for the full year after posting a strong rise in profit for the first quarter. The London-listed company booked revenue of $237m (£170m) in the first three months of the year, up 10.5 per cent on last year. Adjusted earnings before interest, tax, depreciation and amortisation also rose [...]
API3 and Open Bank Project team up for decade-long blockchain venture April 20, 2021 Developer AP13 has entered into a 10-year development partnership with Open Bank Project to connect more than 400 banking and open banking APIs directly to blockchains.
Hammerson collects less than half its rent even as restrictions ease April 20, 2021 Hammerson has received less than half of rent due in the second quarter even as lockdown restrictions ease and footfall returns to pre-pandemic levels. At group level just 40 per cent of Q2 rent has been received, with the UK collecting 48 per cent, France 23 per cent and Ireland 34 per cent. An aggregate [...]
Young people hit disproportionately by Covid jobs crisis April 20, 2021 Those aged under 35 disproportionately lost their jobs as a result of the coronavirus pandemic, as sectors like hospitality and retail were hit particularly hard by the crisis. In the year to March, nearly 635,000 under-35s saw payroll job losses in the UK, making up 80 per cent of the total payroll jobs lost during [...]
European Super League: Boris Johnson to meet officials amid football row April 20, 2021 Prime Minister Boris Johnson will today host a meeting of football officials and fan representatives to discuss England’s response to the planned European Super League. Furious fans held demonstrations yesterday following the announcement that the Premier League’s six biggest clubs will join the new breakaway competition. The plans have also sparked a backlash among rival [...]
SocGen: UK fintech is at a post-Brexit crossroads and must forge global links to retain its position April 20, 2021 The UK’s position as global fintech leader is facing a pivotal moment as it confronts the dual challenges of fending off competition in a post-Brexit world and capitalising on Covid accelerated digital adoption opportunities across the globe. The UK has had a proud history of leading the way in financial innovation, from its global reputation [...]
The Green Party candidate to succeed Angela Merkel as Chancellor could control a fiercely left-wing German Government April 20, 2021 For the first time in the history of the Federal Republic of Germany, the Green Party has nominated a candidate in the race to be Chancellor and succeed Angela Merkel. This morning, the party announced 40-year-old Annalena Baerbock to stand in the September 27 election. After Merkel’s Christian Democrats, the Greens are polling in second [...]
