Markets live: FTSE 100 and US stocks soar as vaccine optimism builds July 15, 2020 The FTSE 100 doubled its gains on Wednesday as investor optimism about a coronavirus vaccine grew stronger, also fuelling US and European stocks. London’s blue-chip index climbed as high as 6,241 as it opened trading this morning, following positive trial results of a Moderna vaccine. By 1.30pm the FTSE 100 was up 2.07 per cent [...]
Is the office an analogue product in a digital world? July 15, 2020 Reports of the death of the office are premature, but change is coming as Covid-19 means more of us will work from home in the future. The Covid-19 pandemic has acted as a catalyst, accelerating a number of global trends. One of the most significant of these is working from home, a trend which is [...]
‘Incomplete’ V-shaped economic recovery likely, says Bank policymaker July 15, 2020 The UK economy is likely to go through an “interrupted or incomplete” V-shaped recovery as unemployment and social distancing weigh on growth, a Bank of England rate-setter has said. BoE monetary policy committee (MPC) member Silvana Tenreyro said the UK economy’s recovery will depend on coronavirus cases being brought under control domestically and around the [...]
Storage firm Big Yellow sees revenue creep up despite lockdown July 15, 2020 Self storage firm Big Yellow said that revenues crept up 2.3 per cent in the first quarter despite a fall in demand due to the coronavirus pandemic. Revenue increased to £31.8m in the three months ending in June, up from £31.1m in the same period last year. Shares in the FTSE 250 firm rose one [...]
Burberry shares sink as it warns of ‘continued coronavirus impact’ July 15, 2020 Burberry shares sank more than seven per cent this morning as sales slumped 45 per cent during lockdown and the group warned that it will “take time” to recover from the severe impact of coronavirus. The British fashion staple said it sees no immediate end in sight to dented sales, as the pandemic continues to [...]
Brewdog and Biff’s team up to create UK’s biggest vegan delivery brand July 14, 2020 Brewdog is expanding its relationship with vegan brand Biff’s to create a fully vegan delivery-only operation across the UK. The venture will use Brewdog and Draft House – part of the Brewdog group – sites to create new delivery hubs, which will serve Biff’s branded burgers, wings and fries. The two brands launched their first [...]
Morgan Sindall lands £250m Lewisham Gateway development deal July 14, 2020 Construction firm Morgan Sindall has received £252m in funding from private landlord Get Living to complete the Lewisham Gateway redevelopment project. The development, which is expected to be completed in 2023, will 649 rentable properties, as well as a combined 50,000 square feet of shops, restaurants and office spaces. It will also contain Lewisham’s first [...]
Crypto AM shines its Spotlight on Tap July 14, 2020 tap, the world’s first truly unified crypto banking app launched to the public on the 24 February 2020 and is the only company regulated in Europe currently operating a prepaid MasterCard. Regulated to trade and store customers’ digital assets by the Gibraltar Financial Services Commission, tap is in essence, bridging the gap between traditional and [...]
Face coverings to be made compulsory in shops in England July 14, 2020 Face coverings are to be made compulsory in all shops in England from 24 July, with a fine of up to £100 for those who do not comply, the government is expected to announce today. Since May, the public have been advised to wear face coverings in enclosed meeting spaces, but they have only been [...]
What are “accidental savers” doing with their surprise savings? July 14, 2020 Lockdown restrictions have curbed spending, resulting in higher savings in the UK. Some of this has found its way into the financial markets; actively managed responsible investment funds have been the biggest beneficiaries. The words “accidental” and “saver” don’t often appear in the same sentence together. Saving usually takes some effort and requires sacrifices and [...]