After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
TGI Fridays to float its 87 restaurants on London Stock Exchange this year May 21, 2021 The owner of TGI Fridays has revealed plans to float the restaurant chain on the London stock market. Electra Private Equity, which has owned the casual dining brand since 2014, said it plans to float it on the FTSE main market in the third quarter of this year. The owner told investors today that it [...]
Pound pushes past $1.42 on economic recovery hopes May 21, 2021 The pound pushed higher today and was on track for its third consecutive week of gains against the dollar after upbeat economic data lifted hopes for the UK’s post-pandemic recovery. New figures released this morning showed UK business activity expanded at its fastest rate since 1998 in May as the lifting of lockdown restrictions boosted [...]
BoE eyes a climate-conscious corporate bond purchase scheme May 21, 2021 The Bank of England (BoE) has tabled plans to make its £20bn of corporate bonds better aligned with government net zero targets today. Set to begin later this year, the bank will not immediately sell off bonds issued by businesses that have high carbon emissions, such as energy and oil firms. “Divestment is a powerful [...]
England Euro 2020 squad: Why Emile Smith Rowe and Nat Phillips deserve a place on form but Trent Alexander -Arnold and Eric Dier do not May 21, 2021 Who should be in Gareth Southgate’s England Euro 2020 squad this summer? That is the debate that is sure to rage before Southgate names his 26-man squad for the European Championship on Tuesday 25 May at 1pm – and will probably rumble on long afterwards. For a purely objective assessment, we asked Carteret Analytics to [...]
Card Factory completes £225m refinancing as reopening sales soar May 21, 2021 Card Factory today said it had completed a £225m refinancing deal with its existing commercial bank syndicate. The increased bank facilities will provide extra liquidity above the original £200m it replaces. The facilities will provide Card Factory with the necessary financial resources to focus on future growth, such as boosting its online presence. Darcy Wilson-Rymer, [...]
Furlough and unemployment will keep inflation figures down and give Rishi Sunak breathing room May 20, 2021 Fresh statistics have shown inflation in the UK has more than doubled in the last month. This has dominated the headlines as many economists fear spiralling inflation. However, the reaction is The news from the ONS that UK inflation has more than doubled in April has generated concerned headlines. Such a reaction is somewhat inevitable. [...]
Wall Street and FTSE 100 drop as inflation worries mount May 19, 2021 Wall Street opened lower this afternoon as rising inflation sparked fears of scaled back support ahead of a key meeting of the US Federal Reserve. The Dow Jones dropped 0.3 per cent and the S&P 500 was down 0.7 per cent, while the tech-heavy Nasdaq dropped 1.7 per cent. It followed losses for the FTSE [...]
Investor confidence booms for UK and European markets May 19, 2021 Investor confidence has risen for both UK and European markets, with the accelerated roll out of vaccines likely to be driving the renewed optimism. Investor confidence in the UK rose another four per cent to a record high for the year, while confidence in Europe is up 28 per cent compared with April 2021, according [...]
London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years May 19, 2021 London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years
Ryanair wins EU court challenges against KLM and TAP state aid May 19, 2021 Ryanair has this morning won its legal challenges against billions of euros in state aid paid to two European airlines as a result of the Covid-19 pandemic. KLM, the Dutch wing of Air France, and Portuguese carrier TAP were granted a combined €4.6bn by the European Commission in response to the crisis in aviation. However, [...]