32 reasons not to invest in the stock market June 28, 2021 Wars, disasters, economic strife, political instability and now a pandemic – the last four decades have challenged and affected people’s attitude towards investing. In many cases they make an already tough decision to commit your money to investments even harder, leading some to not invest at all. Behavioural scientists have a name for this: loss [...]
Oneweb and BT ink deal for rural broadband rollout June 28, 2021 Oneweb and BT have inked an agreement to use satellites to help roll out broadband in the most remote rural areas across the UK. The two companies have signed a memorandum of understanding to explore how satellite technology could be used to beam internet services to rural areas that are too difficult or expensive to [...]
HMRC launches 13,000 investigations into potential Covid support scheme fraud June 28, 2021 The UK tax authority has opened almost 13,000 probes into businesses that may have abused the government’s coronavirus business support schemes. HM Revenue & Customs (HMRC) is investigating potential fraud and other non-compliance with the rules for the use of the government’s furlough programme, self employment income support scheme, and the “eat out to help [...]
City Pub Group trading nears levels seen in 2019 as restrictions lift June 28, 2021 After being hammered by pandemic restrictions since last year, the City Pub Group has posted trading levels 90 per cent of levels seen in 2019. Opening the doors to 42 out of its 48 pubs, the group has reaped the rewards of some social distancing measures being relaxed on 12 April, it said in its [...]
Burberry shares fall as boss Marco Gobbetti quits June 28, 2021 Shares in Burberry tumbled this morning after chief executive Marco Gobbetti announced he was quitting the British fashion brand to return to his native Italy. The company earlier said Gobbetti would be leaving at the end of the year to take up a position that would allow him to return to Italy, adding that it [...]
Retail software firm Itim goes public in £48m London float June 28, 2021 Itim, a specialist software firm that provides services to retailers, has gone public through a £48m stock market float in London. The tech firm, which was founded in 1993 by veteran retail executive Ali Athar, will list today on London’s junior Aim market. Itim has raised £8m through the placing of 5,194,806 new ordinary shares [...]
Anglo American sells stake in Colombian coal mine for $300m June 28, 2021 Anglo American has offloaded its stake in a Colombian mine as the mining giant finalises its shift away from thermal coal. The London-listed company today said it has sold its 33.3 per cent interest in the Cerrejon joint venture to rival Glencore for $294m (£211m). “Today’s agreement marks the last stage of our transition from [...]
NHS Test and Trace: Serco wins new year-long contract June 28, 2021 Outsourcing giant Serco today announced it has been awarded a new contract with the Department of Health and Social Care (DHSC) to continue providing Covid test and trace services. It comes just days after a National Audit Office (NAO) review into the largely privatised service found that 600m tests were unaccounted for and the £22bn [...]
World’s largest superyacht puts luxury apartments up for sale June 28, 2021 While private boats may be out of reach for all but the world’s richest people, wealthy househunters will now be given the chance to own a slice of what will be the largest superyacht ever built. Backers of the 220-metre vessel, due to launch in 2024, are offering 39 apartments for sale on the boat [...]
PM set to rule out early easing of lockdown as Javid wants out ‘as soon as possible’ June 28, 2021 Boris Johnson is expected to tell MPs today that there will be no early easing of coronavirus restrictions, as ministers discuss the last stage of the roadmap and Sajid Javid makes his first appearance in the commons. MPs are to hear the decision in a statement, which may be delivered by the new health secretary, [...]
