FTSE pushes higher as City awaits Monday’s reopening July 16, 2021 London’s markets rose this morning as the City geared up for Monday’s loosening of coronavirus restrictions and the unlocking of the rest of the economy. Both the FTSE 100 and mid-cap sibling the FTSE 250 are up 0.4 per cent so far today, pushed higher by a raft of heavyweight stocks. Although energy group DCC [...]
Government unveils new ‘hospitality strategy’ to boost sector post-Covid July 16, 2021 The UK’s hospitality businesses are set to receive increased support through the government’s vocational training programmes in a bid to boost the sector post-Covid. The new “hospitality strategy” will also see the government work with the British Business Bank and other lenders to “support access to finance for hospitality firms so they can invest in [...]
US stocks lose ground despite strong jobless claims July 15, 2021 US stocks fell on Thursday despite strong jobless claims data strengthening the outlook for the American economy. The blue chip S&P 500 dropped 0.65 per cent today, while the tech-heavy Nasdaq fell 1.14 per cent on falls among growth stocks. The Dow Jones slipped 0.17 per cent. Read more: US stocks muted as Powell moves [...]
Londoners may be set for bumper 5 per cent TfL fares hike in 2022 July 15, 2021 Londoners could face a 5+ per cent hike in Tube fares next year as Transport for London (TfL) is forced to adjust its prices to ballooning inflation. Under the terms of TfL’s most recent government bailout, the transport body has to increase its prices each year by 1 per cent more than the retail price [...]
Experian delivers strong sales performance July 15, 2021 Credit reporting company Experian saw sales increase by a third in the past three months up to June 30, raising its annual revenue forecast. The Ireland-based firm now expects to see total revenue growth for the full year range between 13 and 15 per cent, with organic revenue growth making up 9 to 11 per [...]
Two weeks to go: Square Mile SMEs urged to take advantage of City Corporation financial support before deadline July 15, 2021 The City of London Corporation has today (15 July) called on qualifying SMEs based in the Square Mile to apply to its Covid Business Recovery Fund before the scheme closes on 30 July. The funding pot offers up to £50 million in support for SMEs which contribute to the Square Mile’s vibrancy at street level, and which directly provide services to [...]
The City post-Brexit: A discussion about the Square Mile’s future in Global Britain July 14, 2021 This discussion focuses on the Treasury’s strategy paper on MIFID2, the proposed review of the prospectus regime, the post-Hill Review and the latest Treasury paper on Solvency2. Also on how and whether the UK should open up more to cryptos in the wake of the crackdown on Binance, and thoughts on what we could/should do [...]
Exclusive: ‘The recovery is going to be rocky and uneven’, warns fraud fighter Martin Sweeney July 14, 2021 Londoner Martin Sweeney started off at taxi app Hailo as a founding engineer. While there, he worked on a project to predict which orders were likely to be fraudulent. Finding nothing suitable on the market to solve this problem, or at least with the speed or accuracy he and his team wanted, Sweeney and some colleagues decided to [...]
History tells us there will be buy signals for Bitcoin investors July 13, 2021 Mixing it the metaverse, Dr Chris Kacher reassures investors that history dictates there will be visable buy signals.
Land Sec eyes £500m hotels disposal July 13, 2021 Land Securities, the largest commercial property developer in the UK, is gearing up to offload £500m of hotel assets from its portfolio. Several of the hotels that the firm could sell are in London, including its Hammersmith Novotel branch, which is valued above £50m. The preparations were first reported by React News. A Land Securities spokesman said: [...]