Rallying retail stocks lift FTSE 250 to fresh record high August 25, 2021 A rally among retail and consumer goods stocks drove the mid-cap FTSE 250 to a fresh record high today. The domestically-focused mid-cap index pulled back slighlty from morning gains that saw it reach a new summit, but it registered its highest closing score ever, up 0.42 per cent today to 23,986.37 points. Over the last [...]
Extinction Rebellion: Number of XR protesters arrested in London nears 200 August 25, 2021 The number of people arrested at Extinction Rebellion (XR) events in London protests since Sunday has almost reached 200 as the environmental group targeted the Oxford Circus area. The Metropolitan Police said as of 6pm tonight, another six had been arrested for a “variety of offences”. Now the total number of arrests made over the [...]
City watchdog fires warning shot at insurance industry over lack of preparedness for fresh regime August 25, 2021 The UK’s City watchdog has fired a warning shot at the insurance industry by urging firms to rapidly improve their standards to ensure they comply with a fresh regime that comes into effect in just six weeks. According to a new report published by the Financial Conduct Authority today, insurance firms are not ready for [...]
Relaxation of Indian listing regime to boost flotations on London markets August 25, 2021 Flotations on London markets are set to rise sharply, driven by a flood of Indian companies listing in the capital, according to the chief of a leading Indian investment firm. JPIN VCATS’ founder, Nayan Gala, expects India’s booming startup scene to take advantage of a relaxation to the country’s overseas listing rules. “The UK will [...]
Delta Air Lines to impose $200 monthly levy on unvaccinated staff August 25, 2021 Delta Air Lines will charge employees an extra $200 a month for their corporate healthcare plan if they refuse to take a Covid vaccine, it announced today. The airline’s chief, Ed Bastian, said the additional cost was necessary to insure against the financial risks of being responsible for unvaccinated staff. Bastian pointed to the $50,000 [...]
Global corporate profits expected to fall eight per cent after record quarter August 25, 2021 Global corporate profits are set to fall for the first time in 18 months after a record second quarter, as a rise in the Delta variant has increased labour costs while squeezing supply chains, according to calculations by Reuters. Although huge stimulus packages helped to underpin economic recoveries while the easing of pandemic restrictions resulted [...]
Cazoo goes public: Will it be a hat-trick of triumphs for Alex Chesterman? August 25, 2021 For some petrolheads, how quickly a car can go from nought to 60 miles per hour is a good indication of its quality. If one were to measure Cazoo on a similar scale, the results would be somewhere off the speedometer. On Friday the used car marketplace will go public in New York in a [...]
Cazoo goes public: Will it be a hattrick of triumphs for Alex Chesterman? : CityAM August 25, 2021 For some petrolheads, how quickly a car can go from nought to 60 miles per hour is a good indication of its quality. If one were to measure Cazoo on a similar scale, the results would be somewhere off the speedometer. Also Read: Cazoo sees revenue grow sevenfold as New York listing nears On Friday [...]
How to share a glass of pet-friendly plonk with your cat or dog August 25, 2021 Always a nation of cat and dog lovers, lockdown has made many of us absolutely barking when it comes to our pets. If on any of those long, lonely isolation nights you wished you could share a nice glass of Riesling with Rover or a Frascati with Felix, those prayers have, somehow, been answered. food In [...]
Afghanistan: Former central bank boss warns Taliban have ‘less than a week’ of financial coverage August 25, 2021 Following its takeover by the Taliban, Afghanistan and its capital Kabul have been left in chaos – with thousands attempting to flee the country while its economic climate becomes increasingly dire. An eyewatering amount of capital has been snatched from the hands of the Taliban as countries like the US, Germany and other foreign fiscal [...]
