Global oil prices hit five-month high despite demand fears August 5, 2020 Global oil prices hit their highest levels in five months today after a larger than expected decline in US crude inventories offset fears of a slowdown in fuel demand. Prices had eased back in recent days as the world braces for a second wave of the coronavirus pandemic, which could hamper demand just as oil [...]
Tory mayor candidate Shaun Bailey calls Sadiq Khan a ‘con man’ August 5, 2020 Tory mayoral candidate Shaun Bailey has accused Sadiq Khan of being a “con man” and of “betraying” black working class communities as he tries to reposition his campaign. Bailey told City A.M. after a speech that Khan had pulled a “confidence trick” on Londoners and had been an habitual liar as mayor. The mayoral candidate [...]
Instagram rolls out Tiktok rival Reels in the UK August 5, 2020 Instagram has today launched Reels, a short-form video feature to rival Tiktok. Users can make 15-second videos inside the Instagram app using editing tools to help film different clips, which can be shared within a new tab on Instagram’s public Explore page. The social app, which is owned by Facebook, is seeking to capitalise on [...]
Gold surges to new record on pandemic fears but ‘can go higher’ August 5, 2020 The gold price reached a record high of $2,030 (£1,550) as investors’ caution pushed it higher, but analysts expect it to rise even higher. A survey of more than 1,300 DIY investors conducted by BullionVault, showed they expect the price of gold to rise by 25 per cent by the end of 2020, taking it [...]
Compulsory face masks ‘did not deter or encourage shoppers’ in July August 5, 2020 Compulsory face masks did not deter or encourage shoppers returning to the high street last month, the latest research showed. A quarter of consumers said they were more likely to go shopping after the face mask rule was brought in, while 21 per cent said the new restrictions would discourage them. In the week beginning [...]
Virgin Australia to cut 3,000 jobs as carrier slims down under new owners August 5, 2020 Embattled airline Virgin Australia is set to cut 3,000 staff as it seeks to streamline its business under prospective new owner Bain Capital. Back in June Bain bought the carrier out of administration, with creditors due to vote on the sale on 4 September. If the deal is approved, the airline will focus on the [...]
Estate agent LSL Property Services reports ‘extremely encouraging’ July trading August 5, 2020 Estate agent LSL Property Services, the owner of Your Move and Reeds Rains, reported “extremely encouraging” trading in July after the housing market reopened. The figures In the six months to 30 June, group underlying operating profit was up £300,000 to £12.5m. The figure does not include coronavirus-related costs of £2.8m. It also does not [...]
Amazon to pass on UK digital tax to sellers in fees hike August 5, 2020 Amazon is to increase seller fees next month, saying it will no longer absorb the UK’s digital services tax after talks with the government failed to progress. The e-commerce giant said it had taken on the impact of the digital services tax — a two per cent levy on the firm’s annual revenues — since [...]
UGC owner denies trying to takeover Petropavlovsk ahead of crunch vote August 5, 2020 The Russian billionaire who owns a 22 per cent stake in FTSE 250 gold miner Petropavlovsk has denied that he is seeking to take over the firm ahead of a crunch shareholder meeting on Monday. In an interview with the FT, Konstantin Strukov, who owns rival miner UGC, insisted that he wanted to see Petropavlovsk [...]
Talisker and Loch Fyne team up for whisky and oyster kit August 5, 2020 Famed Skye whisky distillery Talisker and seafood merchants Loch Fyne have teamed up for a treat on World Oyster Day. The new Talisker & Oyster Signature Pairing Kit combines two large drams of the distillery’s flagship single malt with a dozen oysters – and can be delivered to your door through Loch Fyne’s at home [...]
