House sales drop by over half as stamp duty holiday winds down July 12, 2021 House prices were down 60 per cent on the five year average in the first week of July as the stamp duty holiday comes to an end. This follows a bumper June, with the number of UK property transactions last month set to be the highest on record according to Knight Frank. Tax savings fell [...]
SoftBank gears up investments in second quarter, dishing out $13bn July 12, 2021 SoftBank’s Vision Fund II has pushed the pedal on its investments in recent weeks, dishing out $13bn in its second quarter, according to reports. The Japanese venture capital fund has injected cash into at least 50 companies, the Financial Times first reported, citing people brief on the data. Many of the companies eyed by SoftBank’s [...]
Take off: Ryanair to recruit 2,000 pilots as it prepares for travel market recovery July 12, 2021 Take off: Ryanair to recruit 2,000 pilots as it prepares for travel market recover
Minister: Covid announcement on 19 July freedom day will give ‘clarity’ on face masks July 12, 2021 A health minister has said Boris Johnson’s announcement tonight on the 19 July shedding of restrictions will “give people more clarity” on the government’s stance on face masks after recent mixed messaging. Health minister Edward Argar also said the government’s stance on face masks is not confusing and that people will be able to “form [...]
City A.M. TV: A market snapshot July 12, 2021 Last week’s price action left more questions unresolved than answered. Was Thursday’s weakness the start of a new pullback? Was Friday’s rally a dead cat bounce, or the start of a renewed uptrend? Have US 10 year bonds now put in their yield low? Indeed in the UK the pattern was similar with marked weakness [...]
The brands that won Euro 2020, from Volkswagen’s tiny ball-carrying car to Bud Light ‘box heads’ and ITV super-pundit Emma Hayes July 12, 2021 Italy were deserved winners of Euro 2020, which will be remembered as one of the best football tournaments all of time. Off the field brands have had their own competition for the hearts and wallets of consumers. Here are my thoughts on who emerged as the winners. EE EE is a long-standing sponsor of the [...]
Sterling nudges lower as Boris moves to confirm 19 July unlocking July 12, 2021 Sterling nudged lower on Monday as the Prime Minister Boris Johnson moved to confirm plans to remove nearly all remaining COVID-19 restrictions in England from 19 July, despite cases currently at their highest since the end of January. Sterling fell 0.4 per cent to $1.385 against the dollar this morning, after jumping to above $1.39 [...]
Boris Johnson needs to tread a path back to a free market economy and focus on facilitating investment July 12, 2021 Boris Johnson has always been difficult to classify in ideological terms. Ten years ago, he was a small-state economic and social liberal who identified as a One Nation Conservative. His City Hall rival Ken Livingstone initially feared he was “the most hardline right-wing ideologue since Thatcher” but later concluded he was “a fairly lazy tosser [...]
Credit Suisse chief compliance officer resigns as shake up continues in the aftermath of Greensill July 12, 2021 Credit Suisse’s chief compliance officer will depart the bank as it continues a shake up by its new chairman in the wake of a series of costly scandals. The banking giant announced that its Swiss chief compliance, Floriana Scarlato, would leave with immediate effect to explore opportunities elsewhere. Recently appointed chairman Antonio Horta-Osorio has vowed to [...]
Confused.com owner RVU to squeeze into online mortgage sector July 12, 2021 Confused.com owner RVU has snapped up online mortgage broker Mojo Mortgages, signalling its move into the home loan sector. The comparison site giant, which also owns Uswitch and Money.co.uk, declined to put a figure on the deal – however, paid £508m for Confused.com in December. “I can assure you the price is not nothing,” RVU [...]
