Ethereum prepares for upgrade as Cardano takes lead August 4, 2021 Bitcoin is currently trading at around $38,000 after seeing a 10% correction from its 1 Aug peak of $42,500. It’s currently down about 1.5% over the past 24 hours and changing hands for around $37,750. There’s significant support at $37,500, but if this fails to hold today then we may see a further slip to [...]
Morgan Sindall revenue substantially ahead of pre-pandemic levels August 4, 2021 Construction group Morgan Sindall has reported it is trading substantially ahead of pre-pandemic levels. In a half-year trading update, the group said revenue was up 10 per cent and adjusted profit before tax up 46 per cent on the same period in 2019. Revenue for the six months to 30 June 2021 rose 14 per [...]
It’s time to have a conversation about disability in business August 4, 2021 Ronnie Jamieson CA discusses what it means to be “diffabled” in the corporate world and how he hopes to show people with disabilities that there is more help than they might expect. Ronnie Jamieson, a financial accountant at Martin Currie Investment Management, was born and raised in Falkirk to a stay-at-home mum and a schoolteacher [...]
PMI: Eurozone business activity soars to 15-year high August 4, 2021 The rapid rollout of Covid vaccines across Europe is fuelling consumer spending, helping to propel business activity in the Eurozone to a 15-year high, according to a closely watched survey released today. IHS Markit’s latest Eurozone purchasing managers’ composite output index rose to 60.2 in July, driven by an acceleration in manufacturing growth and strong [...]
Lyft announce first profit figure three months ahead of target August 4, 2021 Californian Uber-challenger Lyft saw shares rise six per cent on Tuesday after announcing the first time quarterly profit in the firm’s nine-year history. Three months ahead of target, the company said EBITDA profit hit $23.8m (£17.2m) in the most recent quarter as rider numbers rebound after the pandemic. Lyft has branched out in tandem with [...]
L&G and NatWest to build green retirement homes in £500m joint venture August 4, 2021 Legal & General and NatWest Pension Trustee Limited (NWPTL) have announced a 15-year joint venture to deliver 5,100 zero carbon retirement homes. The £500 million deal will support Inspired Villages, L&G’s later living business, to create a portfolio of specialist, later-living properties across 34 sites with an estimated Gross Development Value of £4bn. Robert Waugh, [...]
Tokyo 2020 Olympics: 13-year-old Sky Brown becomes Britain’s youngest medallist with skateboard bronze as Hannah Mills makes sailing history August 4, 2021 Teenage skateboarder Sky Brown became Britain’s youngest ever Olympic medallist today as Team GB claimed more sailing gold at Tokyo 2020. Brown produced a calm final run to win the bronze medal after falling twice on her first two runs. The 13-year-old surpassed Sarah Hardcastle, who won silver and bronze in the swimming at the [...]
Chinese state media softens tone on online gaming August 4, 2021 Chinese state media has softened its rhetoric on online gaming after a highly critical article sent the value of leading tech companies into a tailspin. A piece published by the Economic Information Daily on Tuesday likened online games to “spiritual opium” sparking fears of a regulatory crackdown. In response the value of Tencent Holdings Ltd., [...]
Embracing uncertainty is the only path out of the pandemic August 4, 2021 A few days ago, Sajid Javid made one of the most thoughtful and encouraging statements by a government minister during the whole Covid crisis. Early In July, he seemed to be falling under the control of the modellers. The number of daily infections, he stated confidently, would soon reach 100,000, bowing to the so-called experts. [...]
British beauty: THG bags makeup retailer Cult Beauty for £275m August 4, 2021 Digital brands group THG has bought British makeup retailer Cult Beauty for £275m, which has bolstered the group’s brand offering by a further 200. THG, which already owns Eyeko and Illamasqua, will also bag the online beauty retailer’s 1.7m customers and 1.6m Instagram followers – which prove to be quite the acquisition when dealing with [...]
