FTSE 100 lifts as supermarkets drive rally July 5, 2021 London’s FTSE 100 rose on Monday afternoon, driven by a rally in supermarket shares. The capital’s premier index added 0.56 per cent to reach 7,163 in the afternoon session, paring back this morning’s losses. The gains were partly caused by shares in supermarkets rising in afternoon trading after Apollo Global Management announced it was considering [...]
Egypt agrees to release Ever Given ship that blocked Suez Canal in March July 5, 2021 Egypt and the insurers of the Ever Given – the ship that blocked the Suez Canal earlier this year – have reached an agreement, which will allow the container to leave the country. The blockage, back in March, disrupted global trade as the 400m long ship prevented hundreds of ships from passing the 193km water [...]
Bank of England deputy governor expects return to the office to be “bigger than we anticipate” July 5, 2021 The deputy governor and chief operating officer of the Bank of England told a conference today that she expects the return to the office “might be a bit bigger than we anticipate”. Joanna Place gave the remarks at an event hosted by the Investment Association in which she launched a pilot that will see all [...]
Facebook, Google and Twitter threaten to quit Hong Kong over new data laws July 5, 2021 Facebook, Google and Twitter have reportedly threatened to withdraw from Hong Kong if authorities push ahead with planned changes to laws around sharing private information online. The Hong Kong government is considering new rules that could make platforms liable for the malicious sharing of individuals’ information — a practice known as doxing. An industry group [...]
How to enjoy the sizzle of steak this National BBQ Week July 5, 2021 What will the man behind the 25th National BBQ Week, which begins today, be eating and drinking at his barbecues this summer? “Corsican Cote de Boeuf and Corsican Niellucci,” says chef Brian George, “And sizzling sea bass with fennel, chilled Picpoul de Pinet and chicken ciabatta, and Sangiovese.” George is a former President of the [...]
Euro 2020: Football’s coming home, says Goldman Sachs July 5, 2021 Football is probably coming home — at least according to Wall Street titan Goldman Sachs. Analysts at the US bank have predicted that England will end their 55-year run without a major football title by defeating Spain in the Euro 2020 final. “It’s (probably) coming home,” they wrote in a note dated 4 July. “With [...]
Oil prices climb as Opec+ resume talks July 5, 2021 Oil prices climbed on Monday as an impasse among Opec+ over oil output levels extended into a third day. Brent Crude was up 0.17 per cent to trade at $76.32 a barrel, while US WTI added 0.25 per cent to reach $75.35 a barrel. Discussions have broken down due to the United Arab Emirates and [...]
Major investor LGIM calls for more detail on Morrisons property portfolio before voting on takeover July 5, 2021 Legal & General Investment Management (LGIM), one of Morrisons’ biggest shareholders, has called for more detail on Morrisons’ property portfolio before it votes on a private equity takeover bid. Over the weekend Morrisons accepted a £6.3bn takeover offer by a consortium of funds led by private equity firm Fortress. But this morning rival Apollo said [...]
Sips and tips: London Cocktail Week’s summer showcase looks to boost battered bar scene July 5, 2021 London Cocktail Week has been a staple of the capital’s drinking scene for years – but after a year of closures, lockdowns, and that ludicrous substantial meal rule, it’s needed more than ever. That’s why organisers Siobhan Payne and Hannah Sharman-Cox have launched a warm-up – starting today – to showcase some of the bars [...]
Support jobs at risk at Deloitte as firm moves to flexible working July 5, 2021 A total 150 employees at Deloitte are at risk of losing their job, as the firm’s decision to pivot to permanent flexible working has reduced the number of admin tasks at the company. Around a quarter of the 560 secretaries employed by the Big Four firm could lose their jobs, saving Deloitte some £4m annually [...]
