Rightmove toasts record-breaking January but deals begin to crumble ahead of stamp duty deadline February 5, 2021 Rightmove enjoyed its busiest January on record as visits to the property platform jumped nearly 40 per cent with many buyers seemingly undeterred by the approaching end of the stamp duty holiday. However, the firm said there had been a seven per cent increase in sale fall-throughs as buyers realised they do not have the [...]
Supreme Court curbs SFO’s global reach February 5, 2021 The Serious Fraud Office (SFO) has lost its case against US engineering company KBR in the Supreme Court over whether it can compel foreign businesses to hand over documents held overseas. Supreme Court Judges unanimously disagreed with a 2018 High out ruling that Section 2 notices could have extra-territorial reach. The US firm had previously [...]
The Finnish Ghost is Glowing – Aave up 15% in 24hrs to hit all time high! February 5, 2021 Crypto at a Glance It looks like the DeFi circus is back in town and the acrobats are doing backflips and turning heads left, right and centre. AAVE is up more than 15% over the last 24 hours and yesterday set a new all-time high $506. The protocol is now the second-ranked DeFi platform by [...]
Screenshot: How Amazon set up shop on cloud nine February 5, 2021 This week **Media Moment of the Week: Parish the thought **How Amazon set up shop on cloud nine **Will BT look to the stars? Media Moment of the Week: Parish the thought Anyone who thinks local politics is boring has clearly never attended a meeting of the Handforth Parish Council Planning and Environment Committee. Or [...]
Covid-19 variants: could mutations prolong the pandemic? February 5, 2021 The end is in sight. Isn’t it? The cautious optimism of vaccination programmes made the final curtain of the Covid-19 pandemic visible for the first time. Concern is growing, however, after Public Health England announced it is investigating cases with “worrying” new genetic changes found in regions of the UK. Cases in Liverpool and Bristol [...]
Cadbury returns to Birmingham in post-Brexit production shift February 5, 2021 The owner of Cadbury, Mondelez International, is planning to shift more Dairy Milk production back to its historic Bournville factory in Birmingham. The company announced a £15m investment at the Birmingham site, and from 2022 125m more Dairy Milk bars are to be manufactured there. Mondelez’ UK managing director Louise Stigant said Bournville is still [...]
Energy bills rise could see customers trapped in ‘vicious circle of debt’ February 5, 2021 April’s price cap increase could plunge consumers into debt that suppliers have been unable to recover during the pandemic, according to Uswitch.com. Industry observers have responded to Ofgem’s announcement today that energy bills will rise by £93 to pre-pandemic levels from 1 April. The price cap, which will affect 11 million default tariff customers, has [...]
Blockchain will bring trust back into capital markets February 5, 2021 If recent events have revealed anything, it’s that trust in the traditional financial infrastructure powering our global capital markets has been eroding – especially among retail investors. The GameStop (GME) short-squeeze¹, driven by individuals who came together online, is a testament to what can happen when power is pushed to the edges. Huge volumes, unexpected [...]
Retailers ‘desperate’ for roadmap out of lockdown as sales continue to fall February 5, 2021 Retailers “desperately” need the government to provide details on a roadmap out of lockdown in order to plan for recovery after the pandemic, experts said as sales continued to fall. The Prime Minister has previously said the government will publish plans to lift lockdown restrictions in the week of 22 February, with easing not expected [...]
UK house prices dip in January as market boom begins to ‘run out of steam’ February 5, 2021 UK house prices dipped last month, the latest data showed, in the first indication that the property market boom could be running out of steam. Average house prices across the UK fell 0.3 per cent in January compared to December, dropping to £251,968. Experts said the month-on-month drop – the steepest since the first lockdown [...]
