Brexit: ‘Some progress’ made in trade talks this week, says UK negotiator November 15, 2020 There has been “some progress” this week in UK-EU post-Brexit trade talks, according to UK chief negotiator David Frost. Frost tweeted today that the two sides “largely have common draft treaty texts, though significant elements are of course not yet agreed” and that talks will restart today in Brussels. This week’s soft deadline to get [...]
Deliveroo adds ex-Worldpay CFO to board November 13, 2020 Former Worldpay chief financial officer Rick Medlock has joined Deliveroo’s non-executive board. The move comes as the takeaway delivery app prepares to pursue a public listing in the coming months, Sky News reported. Sources told Sky News that Deliveroo had also been approaching candidates for its chairmanship. Deliveroo is said to have appointed bankers at [...]
To the Moon November 13, 2020 Edging Higher The market continued to edge higher, with Bitcoin attempting to make its way through the congestion area between $16,000, $17,000- $17,150 zone based on 2017/18. Ultimately, the markets are looking to test all-time highs; so much so that resistance before that looks almost futile based on the current risk on sentiment. However, it [...]
New Asda owning Issa brothers sell stake in petrol station giant EG Group November 13, 2020 New Asda owning Issa brothers sell stake in petrol station giant EG Group
Dominic Cummings ‘set to resign’ by end of the year November 13, 2020 Boris Johnson’s top advisor Dominic Cummings is expected to resign from his role in Downing Street by the end of the year. Transport secretary Grant Shapps told Sky News this morning: “As he [Cummings] wrote right at the beginning of the year in his own words, he planned to make himself largely redundant this year [...]
Exclusive: Meet the 50 highest-growth startups in the UK November 12, 2020 A total 50 of the most promising high-growth tech firms in the UK have been named as the country’s top scaleup companies by tech group Silicon Valley Comes to the UK (SVC2UK). Global medical network Air Doctor, social enterprise Beam, which helps the homeless secure employment, and business and finance marketplace Funding Options were among [...]
Vaccine news puts growth back into The City: Moneyfarm’s investment chief November 12, 2020 This week’s news that pharmaceutical giant Pfizer and German manufacturer BioNTech had reached a breakthrough in the development of their Coronavirus vaccine led to one of the heaviest trading days since the height of the pandemic crisis, with nearly $2 trillion changing hands across global markets. Firms across The City are in an upbeat mood as the announcement that [...]
Chancellor sets Budget for March 2021 November 12, 2020 The chancellor will announce a new government Budget in March as part of plans to hike income tax, the Treasury’s permanent secretary has announced. Speaking at a Public Accounts Committee meeting on the government’s furlough scheme this morning, Tom Scholar said: “There will be a Budget in March. We know a lot will change between [...]
Rishi Sunak warns second lockdown will have ‘significant’ impact on UK economy November 12, 2020 Chancellor Rishi Sunak has warned that England’s second nationwide lockdown will have a “significant impact on the economy”, as today’s record GDP figures laid the ground for a steep slump over the winter. “Obviously restrictions of this nature do have a significant impact on the economy. We’ve already seen that when we’ve done this over [...]
Rolls-Royce: Mini nuclear reactors to power 6,000 new jobs by 2025 November 11, 2020 Rolls-Royce has said that a government commitment to plans to develop mini nuclear reactors will create 6,000 jobs within the next five years. The engine maker is leading a consortium of companies in designing and building a fleet of 16 such reactors to be deployed across the country. The blue-chip firm said that with 80 [...]