Jersey regulator hasn’t received application from Woodford’s new firm February 17, 2021 The Jersey regulator has said it has not received any authorisation application from Neil Woodford’s new investment vehicle, WCM Partners. The veteran investor recently apologised for the collapse of his investment company, announcing comeback plans to launch his new biotech focused outfit in Jersey and Buckinghamshire. The Jersey Financial Services Commission released a statement today [...]
Sterling climbs to 10-month high against the euro February 17, 2021 Sterling reached a 10-month high against the euro following encouraging data fromthe UK vaccination program. The UK has jabbed nearly 16m people in the Covid-19 vaccination rollout. The pound rose to €1.150, surpassing yesterday’s record valuation and making it the highest since April 2020. However it did lose ground to the US dollar today, down [...]
Ice cold in Alice, Texas: What’s going on in the Lone Star state? February 17, 2021 A devastating winter storm has been raging over the southern United States for the last five days, with much of the damage concentrated in Texas. So far, 21 people have been killed by the deep freeze, with 2.7m people still without power after the state’s energy grid failed repeatedly. The cold snap has sent the [...]
Natural wine is all the rage – but what exactly is it? February 17, 2021 Natural wine has become achingly trendy in recent years, with specialist wine lists, wine bars and wine festivals cropping up across the world – but what is it? The First thing to clarify is that natural wine isn’t a particular style of wine – that is, it doesn’t describe the way a wine tastes. Natural [...]
Pub and restaurant giants circle struggling firms and property in post-pandemic expansion push February 17, 2021 Pub and restaurant giants and private equity firms are circling smaller chains and vacant properties, looking to snap up expansion opportunities at a discounted price during the Covid pandemic and reap the rewards when the industry bounces back. Merger and acquisition activity in the hospitality industry has already begun. Figures from restructuring firm Resolve showed [...]
Supreme Court set for long-awaited Uber employment rights judgement February 17, 2021 On Friday the Supreme Court will hand down its judgement as to whether Uber has been successful in its appeal against a ruling recognising its drivers as workers, not independent contractors. The long-running dispute, which has been bouncing through the courts since back in 2016, could have sizeable implications for the future of the gig [...]
Rupert Murdoch’s News Corp strikes news partnership deal with Google February 17, 2021 Rupert Murdoch’s News Corp has inked a three-year deal with Google that will see the US tech giant pay to use the publisher’s news content. New Corp, which owns titles such as the Times, the Sun and the Wall Street Journal, said it will provide “trusted journalism from its news sites around the world in [...]
UK’s tech stocks outperform main market by 19 per cent February 17, 2021 Interest in technology stocks has piqued during the pandemic and are now outperforming their FTSE peers, according to exclusive data shared with City A.M. The FTSE techMARK 100, London’s technology index, rose seven per cent last year as the FTSE floundered and shed 12 points, research by Bowmore Asset Management shows. After what has essentially [...]
Brexit is ‘remarkable opportunity’ to change City regulations, say MPs February 17, 2021 Brexit will provide the UK with a “remarkable opportunity” to change its financial services regulation in a bid to make the City more competitive globally, according to a cross-party group of MPs. A report from the All Party Parliamentary Group on financial services said the UK must not shy away from diverging from EU rules [...]
UK house prices grow at fastest pace since 2014 – but London property slumps February 17, 2021 UK house prices grew at the fastest pace in more than six years in December, but property price growth in London slowed, according to the latest official data. The average price of a house in the UK increased 8.5 per cent in the year to December, up from 7.1 per cent in the previous months, [...]
