Markets live: Wall Street bull run resumes as FTSE 100 pushes higher August 12, 2020 Wall Street continued its winning streak as markets opened this afternoon after the FTSE 100 shrugged off dour UK GDP data to push higher. The blue chip index closed up 2.20 per cent at 6,289 points, marking a three-week high. Traders shrug off recession It comes after official data showed UK GDP shrank 20.4 per [...]
UK nightclubs make reopening plea ahead of ‘make or break’ period August 12, 2020 The UK’s nightclub sector has issued a desperate plea to the government to outline a plan for reopening venues, warning uncertainty could lead to widespread closures and job losses. Trade body UK Hospitality today warned that a lack of clarity over the easing of restrictions had put many clubs in a “precarious position”, while continued [...]
Customers question value of clothes bundles in Edinburgh fashion firm’s Lost Stock charity venture August 12, 2020 Frustrated customers have hit out at Lost Stock, a coronavirus charity venture led by an Edinburgh-based fashion company, claiming it misled shoppers over the value and quality of items sold. Mallzee launched its Lost Stock initiative in June following reports that some high street stores had cancelled stock orders with clothing factories in Bangladesh, which [...]
Brits save an extra £273 a month during lockdown August 12, 2020 People across the UK are putting more money into savings as the pandemic forces Brits to stay at home, rather than go to the pub. The average Brit has been able to save £495 per month while lockdown rules temper social opportunities — an increase of £273 compared to their monthly savings pre-pandemic, according to [...]
Beauty’s in the eye of beholder, MP says of planning reforms August 12, 2020 The government’s proposed planning reforms may be difficult to implement proposed if “beauty” clauses are left in, according to the head of a parliamentary house builders group. Conservative MP – and chair of the All Party Parliamentary Group for SME House builders – Andrew Lewer told City A.M. that it would be “difficult to square [...]
Three dead after Scotland train incident August 12, 2020 Three people have died and one person is said to be missing, after a train in Scotland was derailed by a landslip this morning. The British Transport Police said three people had died at the scene, including the driver of the train. Six others were taken to hospital but their injuries were not thought to [...]
German institute says coronavirus vaccine could be available by autumn August 12, 2020 Germany’s leading infectious diseases institute said today a first vaccine against coronavirus could be available as early as autumn but warned that it may take longer to control the pandemic. “Preliminary projections make the availability of one or several vaccines seem possible by autumn 2020,” the Robert Koch Institute said in a statement. “It would [...]
Tesla shares spike on five-for-one stock split August 12, 2020 Tesla’s move to split its stock into smaller chunks caused its share price to jump more than eight per cent as markets opened this afternoon. Analysts said the split had the potential to extend a 200 per cent rally in Tesla’s shares this year by making it easier for retail investors to hold the stock. [...]
City calls for deeper tax relief as UK sinks into recession August 12, 2020 Business groups have called on the government to take “bold action” after the UK economy plunged into recession last quarter as GDP contracted by 20.4 per cent between April and June, the biggest single quarter decline on record. With vast swathes of the economy closed due to the coronavirus lockdowns, activity flatlined in April, before [...]
Microsoft prices folding Surface Duo phone at $1,399 August 12, 2020 Microsoft has said the Surface Duo, its newest dual-screen Android smartphone, will have a starting price of $1,399. The phone folds shut like a book, opting for two separate screens that are synchronised rather than one screen that folds in the middle like recent launches from Huawei and Samsung. The Surface Duo will arrive in stores [...]
