The City View: Tony Matharu on why it’s time to get London moving again August 5, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In this episode Christian is joined by top hotelier and London businessman Tony Matharu, who believes the capital needs an injection of confidence to get people back on public transport, back in the office and back into the pubs, restaurants, shops and hotels. Also in this episode, Christian looks [...]
Scottish Widows becomes first investor in Blackrock climate fund August 5, 2020 Scottish Widows has become the first investor in Blackrock’s newly launched climate fund, which is designed for the transition to a low carbon economy. The pension provider is initially allocating £2bn of its pension portfolios into Blackrock’s Climate Transition World Equity Fund. It marks a shift in strategy for Blackrock, which is using data to [...]
Disney’s earnings take a hit as pandemic wreaks havoc on theme parks business August 4, 2020 Disney reported a profitable third quarter but missed analysts’ expectations as it battled the effect of coronavirus on its theme parks business. Revenue for the quarter was $11.78bn, substantially less than the $20.35bn in the comparable period, and missing the expected $12.39bn. Net loss from continuing operations was $4.72bn, or $2.61 per share, in the [...]
Could the bounce-back be quashed by a second wave? August 4, 2020 With some countries fearing a second wave of Covid-19 cases, Schroders’ chief economist Keith Wade considers whether a bounce back in the economy could be quashed. While there are hopes that the easing of lockdowns and reopening of businesses are beginning to give life to the global economy, fears of second waves of infections are [...]
BP looks to a low carbon future after coronavirus oil carnage August 4, 2020 It’s not every day that an oil giant gets a slap on the back from Greenpeace. But that’s exactly what BP achieved this morning when it slipped out plans to produce 40 per cent less oil by the end of this decade. Alongside its second quarter results – which made ugly reading for investors, as [...]
FTSE 100 flatlines as companies reveal mixed earnings August 4, 2020 The FTSE 100 closed flat on a choppy day of trading as investors mulled company earnings, the chances of more economic stimulus and rising coronavirus cases around the world. London’s blue chip index closed marginally lower at 6,027 points. The FTSE 250 index of slightly smaller, domestically focused firms ended the session up 0.73 per [...]
Coronavirus: How safe is the post-lockdown commute to work? August 4, 2020 After more than four months of lockdown Londoners are beginning to return to the office as public transport operators take measures to make the once-daily commute as safe as possible from coronavirus. Prime Minister Boris Johnson gave employers “more discretion” from 1 August to bring back their staff if it was safe to do so. [...]
Black British Business Awards announces 2020 finalists August 4, 2020 The Black British Business Awards has announced its 2020 finalists, who have been selected for their outstanding business talent. The award recognises rising stars and leaders across industries, including financial services and professional services. The Black British Business Awards say the finalists have been picked as they “embody the Black British community’s ability to prevail, [...]
Bytedance founder says Trump’s goal is to ban Tiktok, not secure a sale August 4, 2020 The founder of Tiktok parent firm Bytedance has told employees he believes the US is ultimately seeking a total ban on the app, despite allowing negotiations of a sale to Microsoft to continue. Zhang Limin also said there were misunderstandings on Chinese social media about Tiktok’s situation in the US, but that Bytedance could face more [...]
BoA: Bank of England to cut interest rates to zero in November August 4, 2020 The BoE is likely to pursue a package of interest rate cuts and quantitative easing in November amid the pandemic and threat of a no-deal Brexit, according to the Bank of America. The Bank will reduce the rate to zero and could go negative if necessary, Bank of America economists predicted in a report today. [...]
