Asda web sales soared 76 per cent ahead of billionaire Issa brothers takeover February 18, 2021 Asda web sales soared 76 per cent in ahead of billionaire Issa brothers takeover
Recruitment firm Hays to pay out £150m in special dividends February 18, 2021 Hays plc said on Thursday it had identified £150m of surplus capital that it plans to return to shareholders as special dividends. The move was encouraged by hiring activity rebounding to pre-Christmas levels by early February. Alistair Cox, CEO of Hays, said: “With recovery in fees and our profits accelerating in Q2, this provides us [...]
Before the Bell: Reflation concerns prompts yields spike while UK CPI is up next February 17, 2021 Over the past few weeks, it’s been notable that bond markets, both in the UK and in the US are starting to price the risk of higher inflation pressures, as long-term yields move to the upside. Yesterday, US 10-year treasury yields jumped sharply higher to 1.3 per cent, in a move that suggested that markets [...]
New Nigerian Covid mutation that may be vaccine-resistant infects 38 people in UK February 17, 2021 Public Health England revealed yesterday that it has discovered 38 British cases of a new Covid strain first found in Nigeria. Experts warn the mutation may be resistant to vaccines. The health body has marked the mutation, which has been labelled as B1.5.25, as ‘a variant under investigation’, while Simon Clarke, a professor of cellular [...]
The Great Frost of Covid-19 will pass – and Britain’s economy will heat up February 17, 2021 The Great Frost of 1709 has been in the news this week, quite possibly for the first time since 1709 itself. According to Bank of England estimates, this was the last time that GDP fell by more in a single year than it did in the Covid year we have just had. The Office for [...]
Eurozone GDP fell as lockdown restrictions tightened ahead of Christmas February 16, 2021 Eurozone GDP fell as lockdown restrictions tightened ahead of CHristmas
The Government risks undermining the vaccine strategy with endless speculation and a charge towards Covid-Zero February 16, 2021 Boris Johnson is an optimist – a feature that has not always served him well throughout this pandemic. The litany of slipping timelines in 2020, from school openings to the First World War ‘over by Christmas’ tribute act, hasn’t given the public great confidence in Government announcements. But, with a vaccine being rolled out at [...]
Ocean Outdoor swings to loss as pandemic batters advertising sector February 16, 2021 Billboard operator Ocean Outdoor today said it expects to post a loss in 2020 after repeated coronavirus lockdowns devastated the advertising sector. The digital ad firm, which operates sites including Piccadilly Lights, forecast adjusted earnings to fall from £33m to a loss of £400,000. Revenue is expected to drop 38 per cent to £86m. It [...]
The Week Ahead: Barclays, Natwest, retail sales, public borrowing February 15, 2021 City A.M. takes a look at some of this week’s market-shaping events. Barclays – Full year results (Thursday) The past 12 months have been difficult ones for banks in general, but UK banks have underperformed relative to their peers, Hewson said, with the unknowns of what a final Brexit deal might look like also weighing [...]
Is Liverpool’s defeat by Manchester City a sign that history is repeating itself for Jurgen Klopp February 13, 2021 To paraphrase Liverpool owner John Henry, what do you think they’re smoking at Anfield? Because something is up with the champions. Losing to your main domestic rivals is one thing. Losing to them 4-1 at home is another. And losing to them when you are 27 points down on your tally at the same stage [...]