Wall Street scales to yet more record highs after Powell signals Fed will taper stimulus this year August 27, 2021 US markets were propelled to yet more record highs today after the chair of the US Federal Reserve indicated the central bank may start to wind down stimulus measures this year. The S&P 500 touched a record high today, before paring back slightly to rise 0.90 per cent to 4,510.49 points during early afternoon trading. [...]
The Hut Group billionaire Moulding loaned £151m from local council August 27, 2021 The billionaire owner behind The Hut Group (THG) has been lent £151m by Warrington council, after it secured a £4.5bn stock market listing last year. THG’s Matt Moulding was given access to a £200m loan facility by the Cheshire local council in October for Icon 3 Holdco, a company he indirectly controls. In one of [...]
Primark’s Oxford Street and Wood Green changing rooms to turn into pop-up Covid jab clinics this weekend August 27, 2021 Primark changing rooms at two London stores will become vaccination clinics this bank holiday weekend. Shoppers can turn up without an appointment and get a first or second dose of the Pfizer coronavirus vaccine, NHS England said. The popular clothing chain store has partnered with the NHS, Haringey Council and Westminster City Council to host [...]
British Land snaps up Square Mile car park for £20m in last-mile delivery push August 26, 2021 British Land has reported £350m of capital activity including the acquisition of Finsbury Square Car Park. The property company said its acquisition of Finsbury Square Car Park for £20m was an opportunity to create a last mile logistics hub in the City. The commercial landlord exchanged on the acquisition of the Priestley Centre in Guildford [...]
Rallying retail stocks lift FTSE 250 to fresh record high August 25, 2021 A rally among retail and consumer goods stocks drove the mid-cap FTSE 250 to a fresh record high today. The domestically-focused mid-cap index pulled back slighlty from morning gains that saw it reach a new summit, but it registered its highest closing score ever, up 0.42 per cent today to 23,986.37 points. Over the last [...]
Global markets rally as Fed taper fears ease August 24, 2021 Global markets rallied today, driven by expectations that the US Federal Reserve will outline its plan to rein in the wave of monetary stimulus unleashed in response to the Covid crisis at Jackson Hole this week receding. The blue-chip S&P 500 rose 0.29 per cent to 4,492.46 points in early afternoon trading, while the Dow [...]
Exclusive: Almost half of London SMEs planning to hire this year August 24, 2021 Just under half (42 per cent) of London SMEs plan to hire in the next 12 months. This is more than anywhere else in the country bar the North West (54 per cent), according to Barclaycard research. Firms are looking forward to a sales boost this weekend with one in 10 London businesses (11 per [...]
The sparkling kombucha that wants to be champagne for the moderation movement August 24, 2021 East Anglia is the county for Grand Cru kombuchas, and 2021 is a particularly exciting vintage for living tea. The kombucha wave doesn’t seem to have crested and certainly hasn’t crashed yet, with two seaside breweries collaborating to produce the first sparkling “rosé” kombucha. Suffolk-based producers Adnams and LA Brewery, have launched Suffolk Blush, made [...]
Bitcoin stalls at $50k as Cardano continues march August 24, 2021 After a big weekend, Bitcoin yesterday hit a wall at the psychologically-important $50k resistance level.
Boots launches Deliveroo partnership from today August 24, 2021 Boots has announced it is exclusively partnering with Deliveroo to provide health and beauty products to consumers’ doors. The partnership will launch at 14 pilot stores across the country including in Edinburgh, London and Nottingham. Sales on the retailer’s website were up 85 per cent between 1 March 2020 and 1 March 2021 compared to [...]