Student housing firm Scape signs £500m joint venture with pension investor APG to fund expansion February 22, 2021 Student accommodation developer Scape has secured a £500m joint venture with pension investor APG to fund its expansion into mainstream housing. The joint venture is seeded with around 1,000 student rooms in London and the south east, a £250m mixed use residential and student development in Canada Water and the first Scape mainstream project in [...]
Global dividend payments fared better than expected due to strong fourth quarter February 22, 2021 Global dividend payouts fared better than expected last year after a strong fourth quarter kept total cuts to $220bn. Janus Henderson’s latest Global Dividend Index reveals that although payments fell 12.2 per cent over the year, it was better than the previously forecasted $1.2 trillion. This was largely because fourth quarter cuts were less severe, [...]
Forget grants, scrap VAT on green products for to supercharge the renewable revolution February 22, 2021 There’s a lot of talk about lowering carbon emissions and reaching ‘net zero’ ahead of the UK hosting COP26, the UN climate conference later this year. Businesses are committing to ambitious targets, renewables have overtaken coal, and there’s record investment in green technology. At the same time, the production of new jargon and acronyms in [...]
City A.M. TV: Daily Market Snapshot (video) February 22, 2021 After a false breakout to the upside in equity markets early last week, momentum has shifted sharply to the downside. With that, there has been further weakness in key equity index futures markets in Asian trading overnight. As a result, there are now two key factors that we are watching to judge when the downside has played out and, therefore, when to reinstate LONG positions. Those [...]
Ether breaks $2,000, Bitcoin breaks a trillion market cap, and Elon Musk is still loving crypto February 22, 2021 A round-up of today's crypto world as Ether breaks $2,000, Bitcoin breaks a trillion market cap, and Elon Musk is still loving crypto.
HR tech startup Orka raises £29m to scale earned wage access product February 22, 2021 HR startup Orka Technology Group has raised £29m in fresh funding to support its earned wage product and drive its UK expansion. The Manchester-based startup is designed specifically for hourly workers with its labour-as-a-service platform allowing people to find temporary employment. Last year the startup announced Orka Pay, which allows hourly paid workers to withdraw [...]
New campaign urges London’s drivers: switch off engines when parked to save lives February 22, 2021 A new London-wide advertising campaign has launched today [22 February] encouraging drivers to turn off their engines when parked to cut air pollution. Led by the City of London Corporation and Camden Council, and funded by the Mayor of London, the ‘Engine Off, Every Stop’ campaign features posters and billboards on roadside sites and petrol stations [...]
Vaccine success study means jabs should be the only ‘test’ for UK unlocking February 22, 2021 Ah, Bonnie Scotland. You’re almost forgiven for the Six Nations. A new study of the entire Scottish population released this morning presents the best news of the year so far. Long story short, the risk of hospitalisation as a result of Covid-19, four weeks after a vaccine dose, falls by either 85 per cent (Pfizer) [...]
GardaWorld refuses to raise G4S offer ahead of auction showdown February 22, 2021 Canadian firm GardaWorld will not raise its final offer to acquire G4S, leaving the field clear for Allied Universal to triumph in the bidding war. Ahead of a five-day Takeover Panel auction this week, GardaWorld has announced that it will not boost its proposal of 235p per share. Stephan Crétier, founder, chairman, president, and CEO [...]
Air Partner takes home £11.5m from Covid-related services despite travel restrictions February 22, 2021 While most flights were grounded, aviation group Air Partner has enjoyed a profitable year, taking home £11.5m due to its ferrying of PPE throughout the pandemic. The strong profits followed the group’s buy-up of CHS Engineering (CHS) at the end of 2020, which brough new consultancy services and baggage system testing ahead of new rules [...]
