Brexit: One in four small UK exporters halt EU sales March 29, 2021 More than one in four small British exporters have stopped sending goods to the EU since the end of the Brexit transition period on 1 January over frustrations about the amount of new red tape, according to a new survey. A Federation of Small Businesses survey out today showed that 23 per cent of small [...]
Suez Canal latest: Grounded Ever Given container ship could be freed this week March 29, 2021 A giant shipping container blocking the Suez Canal could be freed by the start of this week, a firm working to free the vessel has said. The 400-metre long Ever Given became wedged in the canal on Tuesday, wreaking havoc for global shipping and forcing companies to reroute their vessels around Africa. The grounding has [...]
UK to remind Brussels that British taxpayers paid for AstraZeneca vaccine March 29, 2021 The UK will tell the EU next week that it must consider the millions of pounds British taxpayers spent on the creation of the Oxford University/AstraZeneca jab as the two sides look to resolve an ongoing row over vaccine exports. The UK and EU are set to resume talks from tomorrow over Brussels’ threats to [...]
Covid: UK bank lending surged £29.3bn since March, surpassing EU March 29, 2021 UK bank lending has surged by eight per cent to keep businesses afloat since the pandemic began, surpassing EU lending, according to a new study by UHY released this morning. Banks have offered around £29.3bn in businesses loans over the past year, as lending in the EU increased by an average of 5.3 per cent. [...]
Corporate diversity: The City must keep working to enable fair access to everyone March 29, 2021 Last week, our nation came together to mark the anniversary of our first national lockdown. The National Day of Reflection was a time for all of us to reflect on the year that has passed and how dramatically our lives have changed. As we look ahead towards the coming months, many will be wondering what [...]
Gambling firms hail ‘huge’ economic contribution ahead of sector reform March 29, 2021 The UK gambling sector has doubled down on its “huge contribution” to the UK economy as it braces for the biggest shake-up of betting laws in the last 15 years. Betting shops, casinos and the online gaming sector contributed £7.7bn in gross value added to the UK economy in 2019, according to figures released today. [...]
Investment trusts beat dividend drought with record payouts March 29, 2021 As companies across the globe slashed payouts during the pandemic investment trusts beat the drought by raising dividend payments to record levels. Investment trusts dished out an extra £87bn in dividends last year, equivalent to a 4.2 per cent annual increase. Between April and December 2020 more than three quarters of trusts investing in equities [...]
Stuart Rose backs challenger money manager Netwealth in £11m funding round March 29, 2021 Netwealth, the money manager backed by a string of leading City figures, has secured its fourth round of fundraising with total investment reaching £38m. The self-proclaimed challenger wealth manager has completed a £11.3m round which included a cash injection from former M&S boss Stuart Rose. ICAP founder Michael Spencer who previously invested £5m in 2019 [...]
Uber launches electric option in London at no extra cost March 29, 2021 Uber customers will now be able to request an electric vehicle for the first time as the ride-hailing app looks to become fully electric by 2025. Launching today Uber Green will give passengers in Zone 1 the opportunity to request an electric vehicle at no extra cost. The journey will cost the same as a [...]
The City View with Cisco’s David Meads March 28, 2021 In this episode, Andy Silvester is joined by Cisco UK & Ireland boss David Meads, who shares his insights into the UK’s relationship with tech, innovation in Britain’s connectivity and the future of work. Michael Hewson, Chief Markets Analyst at CMC Markets, also joins Andy to talk about the week to come, and City A.M.’s [...]
