Senate votes to go ahead with Trump impeachment trial February 10, 2021 A majority of the U.S. Senate voted to hold a full impeachment trial of former President Donald Trump when they backed Democrats’ argument that the proceeding is allowed under the U.S. Constitution. Trump’s lawyers argued that as a former president, the Senate has no legal standing for holding a trial on the House of Representatives’ impeachment charge [...]
The City and Zurich can set a positive tone for free market competition February 10, 2021 The decision that trading firms, regardless of where they are situated, will be able to trade Swiss shares on UK exchanges should not just be seen as a political football, On the contrary, this agreement should be a symbol of a return to a more competitive market. Whilst rules such as MiFID II have sought [...]
Shakespeare: Paperchase look set for a stronger 2021 February 10, 2021 Stationary retailer Paperchase has struggled throughout the pandemic, and was at the brink of administration at the start of this year. The chain has now been rescued in a deal which will save 1,000 jobs and 90 of its 125 stores. A Paperchase spokesperson said the coronavirus crisis and the closure of non-essential retail had [...]
Be careful of stepping into trouble when market fundamentals are still so shaky February 10, 2021 Yogi Dewan is CEO and founder of Hassium Asset Management. Many investment houses are again forecasting a bull market in 2021. Whilst I am neither bullish or bearish this feels like an accident waiting to happen. Whilst we remain positive near term, markets now look very overvalued and very overbought. Investor sentiment seems once again to be [...]
Greene King pubs boss pleads for reopening date as industry wrote off 2020 with £7.8bn sales hit February 10, 2021 The boss of FTSE-listed pubs giant Greene King is among brewers asking the UK government for reopening dates and a way out of restrictions that have left a £7.8bn hole in industry sales.
Half of the UK’s exporters facing difficulties due to Brexit February 10, 2021 Just under half of the UK’s exporters are having difficulties with new post-Brexit regulations, according to a new survey. A survey released today from the British Chambers of Commerce showed 49 per cent of British exports “reported issues” with the post-Brexit regime, while 51 per cent of manufacturers also said they were facing difficulties. Three-in-ten out [...]
Twitter reports record revenues of $1.3bn but user growth slows February 9, 2021 Twitter has delivered record revenues in the fourth quarter despite a turbulent year for the social media giant. The San Francisco-based company reported total revenue of $1.29bn in the fourth quarter, up 28 per cent year-over-year, beating analyst estimates of $1.2bn. It brings total revenue for 2020 to $3.72bn. Financial chief Ned Segal said this had [...]
JD Sports eyes EU warehouse as boss warns Brexit ‘worse than feared’ February 9, 2021 JD Sports is set to open an EU-based distribution centre to cope with increased Brexit red tape and tariffs. The decision could see up to 1,000 jobs moved to the continent amid concerns over delays in shipping goods and red tape just a month after post-Brexit trade rules came into effect. Chairman Peter Cowgill told [...]
Hong Kong Racing Tips: Royal Bomb can give the King of the Valley another winner February 9, 2021 IT’S STILL nip and tuck at the top of the trainers’ championship table. With John Size’s stable in sizzling form and saddling winners for fun, it looked likely he would overtake Caspar Fownes and be top of the leaderboard come Sunday evening. Surprisingly it didn’t happen, with Fownes saddling winners at the Valley and Sha [...]
FTSE 100 closes flat while Wall Street rally loses steam February 9, 2021 The FTSE 100 closed flat on Tuesday afternoon while Wall Street retreated on the back off a record session yesterday. London’s blue-chip index closed 0.12 per cent higher as sterling rose to a near three-month high, largely because the dollar floundered as investors eyed a large stimulus package on the horizon. The FTSE 250 closed [...]
