FTSE opens up but investors keep watching brief on US inflation July 13, 2021 The FTSE 100 opened up this morning as investors indulged in a little optimism ahead of US inflation figures due out this afternoon. Global equities have had a good run over recent days with Wall St hitting record highs last night. The flagship FTSE 100 stood at 7,144 after an hour of trading, up 0.26 [...]
Euro 2020 fuels surge in consumer spending July 13, 2021 Euro 2020, warmer weather and the lifting of Covid restrictions drove consumer spending up sharply in the UK in June, according to new figures released today. Data from Barclaycard shows spending was 11.1 per cent higher last month compared to June 2019, before the arrival of Covid, the sharpest rise since the start of the [...]
Scotland Yard: Security breach at Wembley Stadium took police by surprise July 12, 2021 The security breach at Wembley Stadium which saw fans without tickets get into the Euro 2020 final took police by surprise, Scotland Yard has said. Deputy Assistant Commissioner Laurence Taylor said officers had planned for London to be busy with supporters, but did not expect stadium security to be compromised. Footage posted on social media [...]
US stocks scale to new record highs July 12, 2021 US stocks reached another record high on Monday as investors eagerly await the start of earnings season. The tech-heavy Nasdaq and blue-chip S&P 500 both scaled to new heights today, but inched back shortly afterwards. The S&P 500 rose 0.19 per cent during morning trading, while the Nasdaq added 0.06 per cent. Read more: FTSE [...]
Sterling nudges lower as Boris moves to confirm 19 July unlocking July 12, 2021 Sterling nudged lower on Monday as the Prime Minister Boris Johnson moved to confirm plans to remove nearly all remaining COVID-19 restrictions in England from 19 July, despite cases currently at their highest since the end of January. Sterling fell 0.4 per cent to $1.385 against the dollar this morning, after jumping to above $1.39 [...]
KPMG: Financial services firms ability to tackle the pandemic and climate risk will be a measure of their success July 12, 2021 Tomorrow’s Financial Stability Report from the Bank of England will no doubt applaud the crucial role played by UK financial services in guiding our economy through the pandemic so far. But, to think we are out of the woods is an error – leaving lockdown will require every bit as much caution as surviving it has. [...]
England footballers hailed as heroes after devastating Euro 2020 penalties defeat July 12, 2021 England footballers have been hailed as heroes who should be “so proud” of themselves for their efforts in a historic Euros campaign which ended in defeat after a nail-biting penalty shootout. Fans were left devastated when the nation’s dreams of being crowned champions of Europe in front of a home crowd at Wembley Stadium were [...]
Richard Branson set for space flight aboard Virgin Galactic rocket July 11, 2021 Sir Richard Branson is today due to launch into space aboard a Virgin Galactic rocket plane as he kicks off the race to roll out space tourism. The British billionaire will be one of six people aboard the plane, which will climb more than 50 miles above the New Mexico desert to the edge of [...]
Britain carves out exemption for gold clearing banks July 10, 2021 Banks clearing gold trades in London can apply for an exemption from tighter capital rules due in January 2022, the Bank of England’s Prudential Regulatory Authority said, removing what some said was a threat to the functioning of the market. London is the world’s biggest physical precious metals trading hub. Its clearing system, operated by [...]
Patriot Pact: Ministers urged not to say ‘It’s Coming Home’ ahead of England final July 9, 2021 Ministers have reportedly been urged not to say ‘It’s Coming Home’ ahead of England’s Euro 2020 final on Sunday night amid fears of offending other countries. In a briefing note sent by the Department for Digital, Culture, Media and Sport (DCMS) mandarins warned the phrase “does not go down well overseas” and might damage a [...]