Beleaguered Cineworld tops the list of 10 most shorted UK stocks April 15, 2021 Cineworld tops the list of 10 most shorted stocks in the UK as hedge funds take aim at the cinema which has been forced to shut for over a year. A “short” is a method of betting against a stock, so that the investor can make a profit if the share price falls. Investors borrow [...]
S&P 500 and Dow hit record highs on upbeat earnings April 15, 2021 The S&P 500 and Dow Jones indexes hit record highs on today, as upbeat earnings reports from companies including Bank of America and Blackrock as well as a strong rebound in March retail sales bolstered hopes of a broader economic rebound. The Dow Jones Industrial Average rose 57.64 points, or 0.17%, at the open to 33,788.53. The S&P 500 [...]
Croatian wine is shedding its rep as cheap plonk – here’s why April 15, 2021 Croatia has an ideal climate for wine making, but lacks the reputation as a solid producer of premium bottles. For years its exports would feature in the bottom echelons of wine lists, labeled – mostly fairly – as cheap and cheerful plonk. But not any more. The UK’s first Croatian wine importer is run by [...]
Before the Open: Late US tech selloff set to act as a drag on European open April 15, 2021 US markets saw another mixed close yesterday, only this time it was the S&P500 and Nasdaq that finished the day lower, while the Dow and Russell 2000 finished higher on the day. Despite the mixed close the S&P500 and Dow still managed to post new record highs. Coinbase finished its first day of trading, closing [...]
British Land set to buy retail parks in diversification push April 14, 2021 British Land today said it was exploring further opportunities to buy retails parks and investing more in urban logistics following a surge in online shopping. The London-listed real estate firm cited customer confidence in visiting open-air retails parks where social distancing can easily be managed. A shift in location would see British Land move away [...]
EU property giants make €1.6bn move for London’s Globalworth April 14, 2021 Czech CPI Property Group and German real estate company Aroundtown SA have confirmed a €1.57bn cash offer for London-listed Globalworth Real Estate Investments this morning. The offer will go through CPI-owned Zakiono, giving the Cyprus-incorporated company 2.8m shares – which represents around 1.28 per cent of the company. CPI and Aroundtown currently hold 113.8m Globalworth [...]
Exclusive: Covid-19 drives Londoners behind the wheel sooner than planned April 14, 2021 London dwellers are now more likely to buy a car sooner than planned than in any other region of the UK as a result of Covid-19. New figures from Close Brothers Motor Finance, shared exclusively with City A.M., show that over a fifth of Londoners – 21 per cent – are now more likely to [...]
Boris Johnson warns more people will die of Covid as England eases lockdown April 13, 2021 Boris Johnson has today warned that more people will die of Covid-19 as England unlocks, while adding that it has been the lockdown and not the UK’s vaccine rollout that has driven down rates of infection. The Prime Minister urged people in England to be cautious and to still follow social distancing rules, after pubs, [...]
New all-time high hailed with the cry: “Pay me in Bitcoin!” April 13, 2021 The trend of getting paid in Bitcoin could be the beginning of a new wave of retail and institutional investment.
Buying from EU retailers post-Brexit: Delays, extra paperwork and surprise charges April 13, 2021 Nearly half of all UK consumers who bought goods from EU-based retailers since the end of the Brexit transition period on 31 December experienced some issues, such as extra paperwork, delays or surprise costs, a new survey by the consumer group found. Delays were the most common issue experienced by those who ordered products online, [...]