Sketch: A step-by-step guide to levelling up and making sourdough by Boris Johnson July 15, 2021 We’re levelling up trains, we’re levelling up roads, we’re levelling up shires and towns, counties and cities. We’re levelling up our internet, our schools, and our clean energy infrastructure, Boris Johnson told a crowd yesterday in an attempt to flesh out and actually explain the phrase which has plagued British politics possibly even more than [...]
Gold has had a bad month, but bullish activity could suggest a bottom July 15, 2021 The price of gold has dropped 5 per cent since the end of May. The majority of this decline can be attributed to an increase in interest rates following a recent US Federal Reserve Open Market Committee (FOMC) meeting). As inflation concerns grew, the Fed signalled a more “hawkish” direction with an expected hike in [...]
City suburbs, commuter towns and coastal locations record biggest jumps in rent July 15, 2021 City suburbs, commuter towns and coastal location have recorded the biggest rises in rent for tenants last year. Property portal Rightmove said that towns such as Rochdale, Folkestone and Farnham have seen asking rents jump by more than 25 per cent. Their survey showed that as Covid restrictions started to ease, there was a greater [...]
UK banks expect a rush of defaults in coming months July 15, 2021 UK banks expect defaults to rise over the coming months as households struggle to service debt taken on to cope with the financial pressures of the Covid crisis, new figures released today reveal. According to the Bank of England’s latest Credit Conditions Survey, banks expect default rates on unsecured lending – or credit card lending [...]
Ripple case with SEC rests on a knife-edge phone call July 15, 2021 The drawn-out courtroom battle between Ripple Labs and the Securities and Exchange Commission hinges on a phone call with the judge this afternoon.
Shakespeare on advertising: Greggs can bake in profits with well-targeted campaign July 15, 2021 Greggs recently announced that, following the easing of lockdown measures, its sales had recovered at a faster rate than many had anticipated. The bakery chain – regarded by some as a national treasure – expects annual profits to exceed previous forecasts. Data from YouGov BrandIndex UK shows that Greggs’ Current Customer scores have steadily improved [...]
Test and trace: 10 per cent of Nissan workers told to self isolate July 15, 2021 Hundreds of staff at Nissan’s Sunderland car plant have been told to self isolate by the NHS Test and Trace app, as Covid-19 case numbers have spiked in the area. Roughly 700 workers have been “pinged” by the app, causing disruption to the plant’s production. Sunderland reported 955 Covid cases per 100,000 people last week, [...]
Hong Kong bust first crypto-crime ring which funnelled $155m in dirty cash July 15, 2021 Hong Kong officials have undergone their first crypto laundering bust today, catching a syndicate funnelling some $155m in illegal funds. Four men have been arrested and bailed, while a separate stash of cash has been frozen. “It is the first time in Hong Kong that a money-laundering ring involved in using cryptocurrency to wash dirty [...]
Plans for Coventry electric ‘gigafactory’ put forward July 15, 2021 Coventry City Council together with Coventry Airport Ltd. have submitted blueprints for a 5.7 square feet ‘gigafactory’ that could transform the UK’s electric car industry. The “mission critical” plant would make the batteries vital for the future of car manufacturing. The project’s proposals were put forward in February and will be decided if the project [...]
Soho House hits $2.8bn valuation after New York IPO July 15, 2021 The parent company of the Soho House member’s club raised $420m (£304m) in an initial public offering priced at the lower end of a marketed range. Membership Collective Group, which owns 28 clubs around the world, announced in a statment this morning that it had sold 30m shares for $14 each – the bottom margin [...]
