Inside Zenvo: the supercar company from Denmark December 29, 2020 If you have seven figures to spare, Zenvo will hand-build you a hypercar that makes Ferraris and Lamborghinis seem ordinary.
Soho House founder sells $20m of stake after pandemic hit December 28, 2020 The founder and chief executive of Soho House has cashed in $20m (£14.8m) of his stake after the private members’ club was hit by the Covid-19 pandemic. Nick Jones, who established the exclusive club in 1995, has sold a one per cent stake to Ron Burkle, the US billionaire businessman who already owns roughly 60 [...]
Covid has led to classic auction boom says Car and Classic CEO Tom Wood December 21, 2020 We speak with Tom Wood, CEO of Car & Classic, about how the market has changed – and which cars have rocketed in value.
Natwest buys Metro Bank’s £3bn mortgage portfolio December 18, 2020 Natwest is set to buy Metro Bank’s £3bn mortgage portfolio in a deal which will see 13,000 customers transferred over to the lender. The deal comes after the high street bank returned to profit after taking a £.21bn hit from the pandemic in the first half of the year. “Growing our mortgage book is an [...]
Bitcoin Regulation Stalls Rally! Is Now A Good Time To Buy Bitcoin? December 11, 2020 After an incredibly volatile week, Bitcoin heads into the weekend with great uncertainty over the price. There are many bullish events happening in the markets at the moment but one major bearish event is overshadowing them all. New legislation in the USA? As Donald Trump gears up to leave the White House, one of his [...]
New Toyota Hilux driven: the truck Clarkson couldn’t kill December 8, 2020 The new Toyota Hilux is gunning for the lifestyle market, with more power and luxury. Should you buy one instead of an SUV?
ETP and gold flows December 4, 2020 Twenty-one percent of all dollars in circulation were printed in 2020 a number that tends to be mentioned a lot by monetary policy doomsayers and Bitcoin maximalists alike; on the other side of the fence, arguments are that inflation is nowhere to be seen, let alone hyperinflation. With interest rates expected to remain near record [...]
UK construction industry sees biggest rise in orders since 2014 – PMI December 4, 2020 By David Milliken LONDON (Reuters) – Britain’s construction industry grew faster than expected last month, boosted by the strongest orders since 2014 amid a boom in house prices, a survey showed on Friday. The IHS Markit/CIPS construction Purchasing Managers’ Index (PMI) rose to 54.7 in November from 53.1 in October, its strongest since July and [...]
Second national lockdown wipes £430m off Primark’s balance sheet December 4, 2020 England’s second national lockdown wiped an estimated £430m off Primark’s balance sheet, as the pandemic continues to decimate British high street retailers. Speaking ahead of Primark’s annual general meeting later today, chairman Michael McLintock said: “Our estimate for the loss of sales for the announced periods of closure this autumn is now some £430m.” The [...]
Money for less: Portugal and Spain borrow more, pay less December 3, 2020 Spain and Portugal are on track to collectively shave at least €17bn off their debt service costs by end-2022, their crisis-borrowing spree essentially underwritten by the European Central Bank. S&P Global Ratings analysis shows the two countries are set to make the saving as their 10-year bond yields teeter on the cusp of 0 per [...]