Government borrowing smashes expectations but debt-to-GDP highest since 1960s August 20, 2021 Government borrowing smashed official forecasts last month as the deficit narrowed by nearly half its levels registered at the height of the Covid crisis, official figures released today reveal. Data released by the Office for National Statistics shows in July of this year, public sector borrowing reached £10.4bn, the second highest figure for the month [...]
Introducing the decentralised cloud network Cudos – CityAM : CityAM August 20, 2021 Back in 2019, our relationship with James and the team at Crypto AM was born over a late-night McDonalds following an investor event in Zurich. The portions that night, whilst tasty, didn’t quite meet our expectations. So, a whole swathe of the guests made their way for a midnight snack. How fortunate that was in [...]
Ackman of Pershings to relaunch SPAC as damage control from investor lawsuit August 20, 2021 In a letter to the shareholders of the largest SPAC to ever hit the market, billionaire fund manager Bill Ackman said on Thursday he will pursue a relaunch of Pershings, following a lawsuit filed this week by an investor. The lawsuit against Pershing Square Holdings (PSTH) was filed by former US Securities and Exchange (SEC) [...]
Savers predict double-digit investment returns: is that a danger sign? August 20, 2021 Savers today are more optimistic than at any point in the past five years, expecting their future investment returns to average more than 11 per cent per year. They are more likely to invest further, and to check up on their investments more frequently – but most striking of all they expect higher future returns. [...]
HSBC launches legal action against El Salvador to recover $50m August 20, 2021 HSBC has launched legal action against a South American nation in a bid to recover almost $50m it thinks was wrongly awarded against it. The UK’s largest banking group is suing El Salvador over a dispute dating back to 2007 that is understood to be mainly focused on a $2m loan made to a local [...]
Government borrowing smashes expectations but debt-to-GDP highest since 1960s – CityAM : CityAM August 20, 2021 Government borrowing smashed official forecasts last month as the deficit narrowed by nearly half its levels registered at the height of the Covid crisis, official figures released today reveal. Data released by the Office for National Statistics shows in July of this year, public sector borrowing reached £10.4bn, the second highest figure for the month [...]
End of Euro 2020 dampens retail sales in July August 20, 2021 UK retail sales fell sharply over the last month driven by the end of the Euro 2020 football tournament in July stemming Brits’ spending on food and drink, according to official figures released today. Data from the Office for National Statistics shows retail sales volumes dropped 2.5 per cent between June and July of this [...]
Phone call Raab delegated to junior minister in Afghan crisis was not made August 20, 2021 A key phone call to Afghanistan’s foreign minister was delegated by Dominic Raab to a junior minister and subsequently not made. The Foreign Secretary is facing calls to quit over his handling of the crisis in Afghanistan after he was seen relaxing on a beach in Crete as the Taliban marched on Kabul. On Friday, [...]
Apple postpones office return amid Delta fears August 20, 2021 Technology giant Apple has reportedly told its corporate employees that their return to the office will be delayed until January due to a surge in Covid-19 cases. The iPhone maker said in a memo to employees that it would confirm its reopening timeline around December, Bloomberg reported. The fresh delay comes just a month after [...]
Opticians Specsavers launches hiring spree with up to 500 new jobs August 20, 2021 Opticians Specsavers has said it currently has 1,500 vacancies, with 400-500 new jobs that will “get the high street back up and running.” The business is going on a hiring spree with vacancies including 400 retail roles in stores throughout the UK, 61 home visits roles and 730 management and laboratory roles. The company said [...]
