Exclusive: 1.8m UK adults have become day traders during the pandemic August 11, 2021 Nearly 1.8m adults in the UK have become day traders during the pandemic, pouring into stocks and digital currencies from the comfort of their own homes with varying success, according to new research. Of those that have dipped their toes in the risky business of day trading during the pandemic, 50 per cent said they’d [...]
Exclusive: Unpaid stamp duty clawed back by the tax man soars to five-year high August 11, 2021 Tax clawed back from probes into suspected unpaid stamp duty reached a five-year high this year, reveal exclusive figures obtained by City A.M. The tax man recouped an average of £113,400 from each investigation it launched into unpaid stamp duty in 2020/21, shows data secured through a Freedom of Information request submitted to HMRC. The data [...]
Selling a rental property or second home? HMRC provides some answers on its UK Property Reporting Service August 11, 2021 HMRC’s UK Property Reporting service is used to report gains on disposals of UK residential property to HMRC. It has suffered from problems since its introduction – HMRC has recently issued guidance to address issues raised by ICAS and other professional bodies. HMRC’s UK Property Reporting service Gains on disposals of residential property in the [...]
Citigroup to require vaccines for return to US offices August 10, 2021 Citigroup will require US employees returning to the office to be vaccinated against Covid-19, the bank’s head of human resources said today. The bank expects these employees to start returning to the office for at least two days a week from 13 September, Sara Wechter said in a Linkedin post. The policy will apply to [...]
Covid: West End shows halted as self-isolation rules hit theatres August 10, 2021 While the end of lockdown restrictions promised a show-stopping return for the West End, self-isolation troubles mean London theatres are still being forced to put productions on ice. Joseph and the Technicolour Dreamcoat, Jersey Boys and The Lion King have all been forced to cancel performances in recent days after cast or crew members were [...]
Andrew Cuomo resigns as New York governor in wake of harassment allegations August 10, 2021 Andrew Cuomo has sensationally resigned as New York State governor today after being accused by 11 different women of sexual harassment. The Democrat said that “the best thing he can do is step aside”, but also claimed that the accusations were “politically motivated”. He will officially stand down in 14 days’ time. An investigation from [...]
US stocks lifted by infrastructure bill’s safe passage August 10, 2021 Wall Street opened higher this morning as investors were boosted by news that President Joe Biden’s $1 trillion infrastructure bill had safely passed through the Senate. The blue-chip S&P 500 edged up 0.17 per cent to 4,439 points, while the Dow Jones climbed 0.5 per cent to 35,278 points. Tech shares lost ground as investors [...]
Vectura auction scrapped as Carlyle refuses to match Philip Morris bid August 10, 2021 Plans for an auction to decide the buyer of respiratory drugmaker Vectura have been scrapped after US private equity firm Carlyle said its 155p per share offer was “full and final”. Cigarette maker Philip Morris and private equity firm Carlyle both hiked their offers for the business over the weekend, leading the Takeover Panel to [...]
Thousands of UK small businesses ‘can’t repay Covid loans’ August 10, 2021 Thousands of SMEs that received government Covid loans and the furlough scheme can now not make repayments amid limited cash flow, a survey of small businesses out today shows. The survey projected 59 per cent of SMEs in the UK, amounting to around 3.5m businesses, used government loans or furlough schemes during the pandemic. The [...]
Twitter to introduce autoblocking after Euro 2020 racist abuse August 10, 2021 Twitter will trial automatic blocking of accounts that post harmful language after Brits used the platform to hurl racist abuse at England footballers following the Euros final. The social media giant said the UK was “by far” the biggest source of abusive tweets sent on the night of England’s defeat to Italy and in the [...]
