Renters mull move back to central London to experience city buzz after lockdown lifts March 10, 2021 Renters are flooding back to central London in hopes that life will return to the capital when lockdown restrictions are lifted this year. The latest research showed that online searches for properties in Zones 1 and 2 have surged, as people look to take advantage of falling rental prices. According to property platform Rightmove, all [...]
Money mule criminals increasingly target cash-strapped youth during Covid lockdown, report finds March 10, 2021 Money mule criminals use fake online job adverts to target cash strapped youngsters
HSBC launches £15bn lending fund for British SMEs March 10, 2021 HSBC has today launched a new £15bn fund to help UK SMEs through the economic recovery. The fund, which includes over £10bn of regionally focussed allocations, seeks to move away from the “traditional” London focus and drive growth in regions across the country. “The past 12 months have highlighted the challenges many small businesses face. [...]
British Business Bank boss calls for more ‘risk-sharing’ in recovery loan scheme March 10, 2021 The head of Britain’s state-owned business bank has called for more risk-sharing in SME lending as she looks at combatting fraud in a new loan scheme. Catherine Lewis La Torre, who took over as chief executive of the British Business Bank (BBB) in September, told City A.M. there is a need for the market to [...]
Ministers to consult on cutting air passenger duty for domestic flights March 10, 2021 The government today confirmed that it was launching a consultation on cutting air passenger duty (APD) on domestic flights in a bid to improve travel links within the UK. The review is part of a broader suite of recommendations identified in former TfL boss Sir Peter Hendy’s report on the connectivity of the UK, which [...]
Habito launches UK’s longest-ever fixed rate mortgages March 10, 2021 Habito has today announced that it will launch the nation’s longest-ever fixed rate mortgage, which will come without early repayment charges or exit fees. The “Habito One” will give buyers of all types access to long-term fixed rate periods starting at 10 years, going up to an unprecedented 40-year fixed rate term. The firm said [...]
EU rejects charges of ‘vaccine nationalism’ despite export rows and slower rollout on continent March 9, 2021 EU Council President chides UK over outright ban on vaccine exports despite slow European rollout
FTSE 100 and Wall Street push higher on economic recovery hopes March 9, 2021 Wall Street pushed higher and the FTSE 100 reversed early loses to post modest gains today as investors were buoyed by optimism about global economic recovery and more US stimulus. All three major US indices pushed higher, with the tech-heavy Nasdaq rebounding after a steep decline in yesterday’s trading. As the end of trading neared, [...]
Tesla shares rocket as electric car stock ends slump March 9, 2021 Shares in electric car firm Tesla shot upwards nearly 20 per cent today, bringing an end to five days of losses. Having shed a third yesterday, the stock rallied in dramatic style today, picking up 18.6 per cent amid a wider rally in Nasdaq-listed tech stocks. Since hitting an all-time high on 26 January, the [...]
West End classic Angus Steakhouse ‘on brink of administration’ March 9, 2021 West End staple Angus Steakhouse is reportedly on the edge of collapse unless it can secure rent concessions from its landlords. The restaurant chain, which was founded in the 1960s, has hired KPMG in a bid to strike a last-minute deal with landlords, the Telegraph reported. The Big Four auditor has written to letters to [...]
