UK to launch four regional trade hubs in bid to aid Covid recovery March 23, 2021 The government is creating four regional trade and investment hubs to lift economic growth across the UK. International Trade Secretary Liz Truss said on Tuesday that the hubs would be in Belfast, Cardiff, Darlington and Edinburgh. The government said they will provide support to help regional businesses to access major trade markets and boost exports. [...]
Cineworld confirms May reopening plans as it lines up film deal March 23, 2021 Cineworld today confirmed plans to reopen its 127 venues in the UK in May in line with the government’s roadmap for easing lockdown restrictions. Under current guidelines, indoor socialising and hospitality will resume from 17 May, while the government aims to lift all limits on social contact in June. Cineworld today also said it will [...]
Crest Nicholson hikes profit expectations as UK housing market remains ‘resilient’ March 23, 2021 Crest Nicholson has hiked its profit expectations for the year, saying the UK housing market has remained “resilient” to the impact of Covid-19. The UK housebuilder said profit before tax for the year ended 31 October 2021 is expected to be around £85m, up from previous expectations of £74.3m. Crest Nicholson’s share price jumped 4.1 [...]
Coronavirus: How has a year of lockdowns changed the way we shop? March 23, 2021 One year ago today Boris Johnson announced the UK would enter its first coronavirus lockdown, forcing non-essential shops, pubs and restaurants to close in an unprecedented move to slow the spread of Covid-19. The way we shop had changed before the Prime Minister addressed the nation on the evening of 23 March 2020. Images of [...]
Covid-19, a year on: What we’ve learnt on Zoom March 23, 2021 In this series, City A.M. looks back at the last year of the pandemic and Covid restrictions and takes stock of its impact on industries and issues at the heart of British society. Read more: Read the full Covid-19, a year on series here. Over the last year, the language we have used has changed. Words like [...]
Digitisation of the economy sped up PensionBee’s float plans March 23, 2021 The transition to a digitised economy sped up PensionBee’s plans to float on the stock market, an idea it first began to mull in 2016. This morning online pension provider PensionBee announced its intention to float on the London Stock Exchange. The IPO would comprise an offer to institutional investor and eligible PensionBee customers. More [...]
Active success: what does Greek mythology teach us about investing? March 23, 2021 At the end of the Trojan War, Odysseus sets sail to return to his family, his wealth, and his kingdom on the Greek island of Ithaca. The journey should have taken 10 days. Instead, it took 10 years. Odysseus encounters unexpected challenges on his voyage home. He is captured by a goddess. He battles the [...]
YouGov sees revenue rise amid demand for data March 23, 2021 Revenue at YouGov rose three per cent to £79m in the six months to 31 January 2021, marking a solid six months for the polling company. YouGov’s adjusted profit before tax rose 13 per cent to £13.6m, though its statutory operating profit was down 22 per cent to £7.4m. Revenue from its data products increased [...]
Old Mutual restores dividend despite annual loss March 23, 2021 South Africa’s Old Mutual declared a dividend of 35c per share on Tuesday after swinging to a pre-tax loss in 2020. Group profits were slashed by the pandemic, forcing the company to set aside billions of rand in provisions. Old Mutual cut final dividend by 53 per cent to 35c per share, equating to a [...]
McColl’s fails to return to to profit despite bumper convenience store sales during pandemic March 23, 2021 McColl’s reported a jump in revenue last year as the convenience store chain benefitted from a surge in demand for local stores during the pandemic, but failed to return to profit. Total revenue for the year was up 3.2 per cent to £1.26bn, with its store closure programme partly offsetting the surge in sales. Like-for-like [...]
