‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Liz Truss insists UK has not breached Northern Ireland protocol March 5, 2021 Trade minister Liz Truss has insisted Britain has not breached the Northern Ireland protocol in the Brexit trade deal, something it has been accused of doing by the European Union which has promised to take legal action. “These are temporary easements and it’s perfectly common practice whilst deals are being implemented to have temporary easements [...]
BT boss Philip Jansen ‘gave ultimatum’ over chairman’s departure March 5, 2021 BT chief executive Philip Jansen is said to have given the board an ultimatum over his own future at the company that led to the departure of the chairman this week. Jansen told fellow directors that he was prepared to resign unless the telecoms behemoth replaced Jan du Plessis as chairman, Sky News report. Du [...]
Germany to pay nuclear firms €2.4bn for plant closures March 5, 2021 The German government has agreed to pay nuclear operators €2.4bn in compensation for forcing them to shut their plants early in response to the Fukushima disaster. The sum will be made available from the general budget, ministries said on Friday. The four affected companies include German-listed firms RWE and E.ON, as well as Vattenfall and [...]
China sets new growth target above six per cent March 5, 2021 Prime Minister Li Keqiang announced the new six per cent economic target today at the opening of this year’s National People’s Congress, and pledged to create more jobs in China’s cities. This marks a return to strong economic growth after China’s economy was hit by the Covid-19 pandemic last year. In 2020 the economy only [...]
Law Society president quits amid dishonesty accusations March 5, 2021 President of the Law Society David Greene will step down from his role after being accused of dishonesty in a long-running dispute with a former client. Greene announced he planned to “step aside” less than halfway through his one-year term as president, after a case against him was again referred to the Solicitors Disciplinary Tribunal [...]
Screenshot: Will nightclubs really reopen in June? March 5, 2021 This week: **Media Moment of the Week: Telly’s still got welly **Will nightclubs really reopen on 21 June? **The BBC turns back time Media Moment of the Week: Telly’s still got welly In the age of Silicon Valley streaming giants and relentless references to “content” and “eyeballs”, it’s easy to forget that TV can, sometimes, [...]
Cyprus to allow vaccinated Brits in from May March 5, 2021 Cyprus said vaccinated British tourists will be allowed into the country from the start of May. However, international travel from the UK is currently banned until 17 May. The Cypriot government said yesterday they had told officials in Westminster that from May 1 tourists who have had two doses of a Covid-19 vaccine would not [...]
Kings of Leon launch album as a form of cryptocurrency March 5, 2021 Kings of Leon will today become the first music artists in the world to release an album as a form of cryptocurrency.
Mike Ashley’s Frasers Group says business rates support ‘near worthless’ for large retailers March 5, 2021 Mike Ashley’s retail empire Frasers Group has warned that the business rates support available from July is “near worthless” for large firms, saying it could be forced to close stores. The chancellor announced on Wednesday that the 100 per cent business rates relief would be extended to 30 June, with 66 per cent relief available [...]
LSE unshaken by Brexit-driven securities shift to Amsterdam March 5, 2021 The London Stock Exchange (LSE) shook off the effects of Brexit trading movement this morning, backing the City as one of the world’s leading financial capitals. Chief executive David Schwimmer reaffirmed LSE’s confidence in being headquartered in London, despite the Brexit-driven movement of trading in EU securities to Amsterdam. “The movement of trading due to Brexit [...]
