Ethereum 2.0 staking, a worthwhile investment? January 19, 2021 Background The Ethereum network today is overrun with traffic, causing transaction fees to spike to levels that are not affordable for many use cases. This is partially due to the success of DeFi projects, where users don’t mind paying the high transaction fees because of the financial value of the transactions being made. (In Ethereum, [...]
Hammerson receives less than half its rent as retailers grapple with Covid January 19, 2021 Hammerson received less than half of the rents due for the first quarter of 2021, as retailers struggled in the face of coronavirus restrictions across the UK and most of Europe. At a group level, 41 per cent of Q1 2021 rent due has been received by Hammerson, with the UK collecting 41 per cent, [...]
British Land appoints new chief financial officer from Tesco January 19, 2021 London-based retail landlord British Land has made Bhavesh Mistry its new chief financial officer. Mistry is expected to join British Land no later than 1 August 2021. Until he joins David Walker will continue in his role as interim CFO. The incoming CFO is currently deputy chief financial officer at Tesco, a position has had [...]
FTSE 100 falls as recovery concerns weigh on markets January 18, 2021 The FTSE 100 is fell today as last week’s slide in investor confidence continued. London’s premier index closed 0.2 per cent down to stand at 6,723 points. The FTE 250 of midcaps went the other way, rising 0.1 per cent to 20,646 points. In a sluggish day of trading, markets never really got going, with [...]
Retail footfall decline slows as fewer Brits stay home in lockdown January 18, 2021 Retail footfall levels during the current national lockdown have not plummeted to the record lows seen in March, the latest analysis showed. Footfall across all UK retail destinations dropped 10.9 per cent last week compared to the previous seven days. The decline was less than half the 27.1 per cent drop recorded the week before. [...]
FCA insists it protects consumers from investment harm despite criticism January 18, 2021 The Financial Conduct Authority (FCA) opened 1,500 supervisory cases involving scams or high risk investments in the first 10 months of 2020, in an effort to clamp down on consumer investment harm. The city regulator also stopped applications for authorisation from 343 financial services firms and individuals where the potential for consumer harm was identified [...]
Dr Martens confirms plans to float on LSE January 18, 2021 Dr Martens has confirmed it intends to float on the main market of the London Stock Exchange, with admission currently expected in early February. The company intends to apply for admission of the shares to the premium listing segment of the Official List of the Financial Conduct Authority, and to trading on the London Stock [...]
FTSE 100 drops to October lows on recession fears January 15, 2021 The FTSE 100 sunk into the red today, capping off its worst weekly performance since the end of October amid fresh Covid woes. The blue-chip index closed down 0.97 per cent at 6,735 points after new data showed UK GDP fell 2.6 per cent in November, sparking fears of a double-dip recession. London’s main market [...]
Plus-size retailer N Brown’s shares drop after pandemic hits revenue January 15, 2021 Shares in plus-size fashion retailer N Brown plunged this morning after the company, which owns Simply Be and Jacamo, announced a dip in revenue due to a drop off in occasionwear sales during the pandemic. N Brown’s share price fell 13.48 per cent to 64.2p after it reported a 1.4 per cent drop in product [...]
Commercial landlord Segro bucks trend to collect majority of rent owed in 2020 January 15, 2021 Commercial landlord Segro has bucked the current trend to collect almost all of the rent due last year, as its out-of-town business property assets proved to be resilient during the pandemic. The real estate investment trust (Reit) said it had collected 98 per cent of the £417m owed in 2020. Segro has also received 88 [...]