‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Boohoo urged to link bonuses to workers’ rights and sustainability improvements March 5, 2021 The chairman of fast fashion retailer Boohoo has been urged to link its bonus scheme for senior executives to improvements on workers’ rights and sustainability. MPs have written to Mahmud Kamani asking him to update the Environmental Audit Committee on the firm’s progress on its environmental and social responsibilities, and welcomed the “positive steps” it [...]
Decline in fashion sales slows as online shoppers prepare for lockdown lifting March 5, 2021 The decline in fashion retail sales slowed last month as online shoppers snapped up outfits for the end of the coronavirus lockdown. Total like-for-like sales -including the impact of closed non-essential stores – declined 3.1 per cent in February but fashion and homeware helped drive online sales up 167.3 per cent to a record high. [...]
Prime outer London house prices boom as demand for extra space continues to rise March 5, 2021 House prices in prime outer London boroughs boomed last month as demand for more space has driven suburban property markets in the capital. In the year to February there were 1.1 per cent more transactions in prime outer London than over the previous 12-month period, underlying the strength of activity given the UK property market [...]
Coming or going? Aviva the latest to cut office space as rival bosses say ‘remote working can’t last’ March 4, 2021 Aviva the latest to cut office space as rival bosses say 'remote working can't last'
Coming 2 America: Eddie Murphy sequel is past its best March 4, 2021 COVID may have scuppered many studios’ plans, but Paramount Pictures made the best of unforeseen circumstances, selling many titles to streaming services including comedy sequel Coming 2 America. The follow up to the 1988 Eddie Murphy hit was purchased by Amazon for a reported $125m, believed to be a record for streaming rights. A sequel [...]
Hotel giant Marriott will pay staff a bonus to get Covid-19 vaccine March 4, 2021 Hotel giant Marriott will pay staff a bonus to get Covid-19 vaccine
Exclusive: UK to begin backdoor push to get Joe Biden to dump Trump’s steel tariffs March 4, 2021 The UK will begin a push to get Joe Biden to ditch Donald Trump’s steel and aluminium tariffs on British manufacturers, after the US today moved to de-escalate a long-running transatlantic trade dispute. The government is hoping the US’ decision to suspend a raft of tariffs on British goods, like Scotch whisky and Stilton cheese, [...]
EU set to charge Apple over Spotify music streaming complaint March 4, 2021 The European Commission is said to be on the brink of filing formal antitrust charges against Apple over accusations it distorted competition in the music streaming market. Spotify filed a complaint against Apple in 2019, accusing the tech giant of unfairly restricting rivals to its own Apple Music service and complaining about the company’s 30 [...]
US Capitol ‘at risk of attack’ today after FBI warns of QAnon militia riot plans March 4, 2021 FBI aware of possible second attack on US Capitol after militia groups threaten to remove Democrat lawmakers.
City Corporation creates new Covid Business Recovery Fund March 4, 2021 The Court of Common Council, the City of London Corporation’s main decision-making body, has today (4 March) agreed to create a new Covid Business Recovery Fund of up to £50 million. At a virtual meeting, elected Members decided unanimously that grants from the Fund will be made available to small and independent retailers and hospitality [...]
