UK no longer in group of 20 worst-hit countries for Covid-19 death rate April 22, 2021 The UK has fallen off the list of the 20 countires worst hit by the Covid-19 pandemic, as measured by excess deaths. Since the pandemic took hold in March 2020, the UK has recorded 121,000 more deaths in its population than would normally occur in a year. That’s a rate of 183 excess deaths per [...]
Going underground (again): Tube journeys up 40 per cent as hospitality reopens April 21, 2021 The number of people taking public transport in London surged back to levels not seen since October last week as punters flocked back to pubs, bars, and shops as they reopened. In total, there were about 1.4m Tube journeys made on 16 April, up from around 1m a week before – an increase of 40 [...]
The dinosaur can’t evolve – it’s time for tech and crypto to take over April 20, 2021 Legacy banking has become a joke, a dinosaur that fails to cope with the fast paced, ever-changing technological climate, says Dr Chris Kacher.
Tottenham Hotspur sack Jose Mourinho after 17 months – and just days before cup final April 19, 2021 Tottenham Hotspur have sacked manager Jose Mourinho, the club has confirmed. The move comes less than a week before the Carabao Cup final and just 17 months after his appointment. Tottenham chairman Daniel Levy said: “Jose and his coaching staff have been with us through some of our most challenging times as a club. “Jose [...]
AO World bullish as UK sales surge 88 per cent and German business thrives April 15, 2021 Online electricals retailer AO World expects to deliver bumper profits over the year ahead despite the reopening of high street rivals as it revealed an 88 per cent surge in UK sales. The impressive performance over its final quarter helped group revenues jump by 62 per cent, to £1.66bn in the year to 31 March. [...]
The Week Ahead: Tesco, Coinbase IPO, JD Sports, JPMorgan, Goldman Sachs April 12, 2021 Some of the biggest banks are set to report earnings this week, with JPMorgan, Wells Fargo and Goldman Sachs all due on Wednesday. On a macro level, Tuesday’s UK GDP figures and inflation data from the US are undoubtedly going to be important. Meanwhile, the largest US cryptocurrency exchange, Coinbase, goes public. City A.M. looks at [...]
This week: Tesco set to report higher sales following pandemic boost April 12, 2021 Tesco is expected to post rising sales this week as its supermarkets stayed open throughout the pandemic. The UK’s biggest grocer may also reveal more muted profits in its update for investors on Wednesday, however, as they are forecast to be broadly in line with last year’s profits. Analysts have predicted that the supermarket, which [...]
Prince Philip the Duke of Edinburgh dies aged 99 April 9, 2021 Prince Philip, the Duke of Edinburgh, has died at the age of 99, Buckingham Palace has announced. The Duke was married to Queen Elizabeth II for more than 70 years, and became the longest-serving consort in British history. Flags on landmark buildings in Britain were being lowered to half-mast this afternoon as a period of [...]
JP Morgan and Goldman Sachs staffers return to London in droves April 6, 2021 Bankers at JP Morgan and Goldman Sachs have returned to their London offices in droves, as the UK continues to inch out of lockdown. Around 15 per cent of JP Morgan’s staff in the City – some 1,800 people – went into the office last week, up from about 10 per cent at Christmas. For [...]
US jobless claims rise again despite signs of recovery April 1, 2021 New claims for unemployment benefits in the US rose unexpectedly despite the vaccine rollout and a huge fiscal support driving market recovery. Initial claims for state unemployment benefits came in at 719,000, according to the Labor Department. Last week claims fell to 684,000, their lowest levels since the start of the pandemic. While the number [...]