UK retail sales grow for fourth consecutive month September 18, 2020 UK retail sales reached pre-pandemic levels last month, driven by supermarket and home improvement purchases. Retail sales were up 0.8 per cent in August compared to the previous month, which was the fourth consecutive month of growth. UK retail sales were up four per cent compared to February, before the coronavirus pandemic hit the country. [...]
Investec to cut 210 London jobs as first-half profit plunges September 18, 2020 Investec today confirmed plans to cut 210 jobs in its London office as it warned profit could fall by up to 60 per cent in the first half of the year. The wealth manager and banking group said the job cuts — which equate to roughly 13 per cent of its UK headcount — were [...]
UK inflation falls to five year low due to Eat Out to Help Out September 16, 2020 UK inflation slipped to a five-year low in August as the Eat Out to Help Out scheme dragged down prices in the restaurant sector for the first time on record. The price of goods and services in the UK rose by 0.2 per cent in August compared to a year earlier, the Office for National [...]
Jackson Hole symposium: All eyes on Fed chair Powell August 26, 2020 After an extremely busy few months, the world’s central bankers may have fancied a relaxing trip to the Teton mountain range in the US state of Wyoming. Yet it’s not to be. The coronavirus pandemic has forced this year’s Jackson Hole economic policy symposium to be held online on 27 and 28 August. Since 1982, [...]
Mudlark De Vega set for Love shock at York August 19, 2020 ONLY a field of six are scheduled to line-up for the Darley Yorkshire Oaks (3.15pm), the feature race on day two of the Ebor Festival at York. All eyes will be on Investec Oaks heroine Love who reappears after her breath-taking success at Epsom last month. The daughter of Galileo now has two wide-margin successes [...]
Magical can pull Juddmonte victory out of the hat August 18, 2020 THERE may only now be the five runners in the Juddmonte International Stakes (3.15pm), but what the race lacks in terms of quantity, it more than makes up for in quality. Ghaiyyath deserves his position at the top of the market on the back of three impressive performances so far this campaign. After a commanding [...]
The City View: Beyoncé’s former manager on why classic hits are a hot asset class August 18, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In this episode Christian talks to music industry veteran Merck Mercuriadis, a former manager of acts including Elton John and Beyoncé whose FTSE-listed investment firm has just hit a £1bn market cap after snapping up the rights to hits including Livin’ on a Prayer, Back to Black, Uptown Funk, Single Ladies and Don’t Stop Believing. [...]
Economists question Bank of England’s ‘optimistic’ forecast August 6, 2020 The Bank of England today kept interest rates on hold and said the UK economy would not shrink as much as initially thought this year, but it said the recovery would take longer. But some economists have questioned the assumptions, arguing that high unemployment will damage the economy. The Bank said the UK economy was [...]
Al looks a Claasy contender for the in-form Haggas July 29, 2020 THERE aren’t many trainers in better form at the moment than William Haggas. The Newmarket handler has been rattling in the winners in recent weeks and he reeled off an across the card treble on Tuesday, including an 11/2 winner in the opener at Goodwood. He looks to hold solid claims of continuing the purple patch [...]
Mohaather can make up for Royal Ascot disappointment July 28, 2020 DESPITE the fact there are only seven runners in Wednesday’s Qatar Sussex Stakes (3.15pm), it is without doubt the race of the week. The three-year-old Classic generation are represented by the winners of both the English and Irish 2000 Guineas, whilst the Queen Anne Stakes winner flies the flag for the older generation. Looking at [...]