UK tech sector to be hit harder than France or Germany in 2020 July 23, 2020 Technology spending is set to be hit harder in the UK than in France or Germany, new research revealed, as different approaches to the pandemic weigh on the sector. Research from Forrester said the UK will be most heavily impacted, with an expected tech decline of up to 9.3 per cent in 2020, followed by [...]
FTSE 100 rises but US markets fall as jobless claims grow July 23, 2020 The FTSE 100 clung on to its gains but US markets fell as investors weighed rising American joblessness against the prospect of more economic stimulus. London’s main stock index was 0.2 per cent higher in afternoon trading at 6.218 points. The FTSE 250 was up 0.1 per cent. Read more: Unilever beats sales forecasts as [...]
Facebook takes aim at Zoom with Messenger live broadcasts July 23, 2020 Facebook today revealed a new feature for its Messenger chat service, which allows users to live-stream their video meetings to Facebook with up to 50 other people. The update poses a direct challenge to video conferencing app Zoom, which charges its users to broadcast meetings to other platforms. Combining Messenger Rooms with Facebook Live, users [...]
Ovo strikes tech sharing deal with Italian energy giant Eni July 23, 2020 Challenger energy brand Ovo today signed its first international partnership licensing Italian giant Eni gas e luce to use its technology platform. The energy supplier has set its sights on doubling its 10m customer base by 2050, while also transitioning to a zero carbon energy system. Financial details of the new partnership were not disclosed. [...]
Why investing sustainably can get you better income and better outcomes July 23, 2020 For those that remain sceptical, we show that an integrated ESG approach can improve income stability. Not only is it possible to combine income investing and sustainable investing, we believe you can actually make your income more resilient, smooth and reliable by investing sustainably. Many things have changed for investors in a post Covid-19 world, but [...]
Counting the human cost of Covid — and of leaving small business owners behind July 23, 2020 The daily lists of cases, tests and R numbers tell a tale of the scale of the Covid-19 crisis, but they don’t always explain the full story of the cost on people’s lives. ACCA and the Corporate Finance Network (CFN) are running a tracker poll among accountancy firms representing more than 22,000 small businesses to [...]
Face masks mandatory in English shops and supermarkets from Friday July 23, 2020 Face masks will be mandatory at all enclosed public spaces in England from tomorrow, including shops, supermarkets, shopping centres and transport hubs. The new laws will also count for people buying takeaway food and drink from cafes and shops, however you will be able to take your face covering off to eat at this type of venue [...]
Madrid official: Face masks should be worn even at home July 23, 2020 Face masks should be worn even when at home, a Madrid regional official said today, despite having no way of enforcing the rule. Spain has Europe’s strictest rules on face masks, while in Madrid they are mandatory everywhere in public except for when people are outdoors and can keep a safe distance. In most of [...]
The US OCC clears path for banks to custody crypto July 23, 2020 As the great State of Wyoming leads the way in the USA for crypto and blockchain friendly banking (thanks to the tireless efforts of Caitlin Long, Tyler Lindholm and Jared Olsen) and with Texas saddling up to follow suit, huge news came out of the US as the Office of the Comptroller of the Currency [...]
Countryside Properties taps investors for £250m after lockdown July 23, 2020 UK housebuilder Countryside Properties has tapped investors for £250m to strengthen its balance sheet following the coronavirus lockdown. The developer said the funds will pay its revolving credit facility, which will then be used to invest £150m in its partnerships division as well as £100m to strengthen its current balance sheet position. “The fundraising is [...]
