Treasury extends CLBILS loan size to £200m as total support hits £32bn May 26, 2020 The Treasury is extending the CLBILS loan size to £200m after announcing more than £32bn in loans and guarantees have been awarded to UK firms. Chancellor Rishi Sunak today announced that businesses have benefitted from over £32bn in loans and guarantees to support them during the coronavirus crisis. With lockdown restrictions limiting business, Sunak introduced [...]
The accelerating adoption of emerging technology May 26, 2020 During this time of Covid-19 virus lockdown, many people and industries are in a state of stasis with the hope that coming out of lockdown will recover everything quickly. Many commentators and economic advisors worry about the future, as the impact on jobs and companies could be damaging for many years to come. The emerging [...]
Crypto AM shines its Spotlight on AAX May 26, 2020 AAX, the first digital asset exchange to be powered by LSEG Technology, and the first exchange to be a member of London Stock Exchange Group’s Partner Platform, is on a mission to connect crypto to global finance. From discussions over a forum and silent experimentation, Bitcoin and with it an entire industry has come a [...]
Stock Exchanges in Nigeria and Ghana aim to deepen West African capital markets May 26, 2020 CFA Institute has examined Africa’s 10 largest capital markets in a major report compiled by Heidi Raubenheimer, CFA, our senior director for journal publications. Here we highlight key developments in the West African states of Nigeria and Ghana. Download the full report here. LSEG partnership boosts confidence in Nigerian exchange The economy of Nigeria – the [...]
Lufthansa secures €9bn bailout from German government May 26, 2020 Lufthansa was last night saved from collapse after securing a €9bn (£8bn) rescue deal from the German government. The bailout, which is the largest German corporate rescue since the start of the coronavirus crisis, will see the government take a 20 per cent stake in the airline, which it intends to sell by the end [...]
Jaguar Land Rover in talks over government loan May 25, 2020 Jaguar Land Rover is reportedly in talks with the government to secure a loan due to the financial impact of Covid-19. The carmaker submitted the largest bespoke loan request of the coronavirus crisis to ministers in recent weeks, according to Sky News. Jaguar Land Rover has seen sales plunge by more than 30 per cent [...]
Zoom Zoom Zoom: Why video-conferences are so draining May 22, 2020 When the annals of lockdown come to be written, we will find that the pandemic, like any other great crisis, has produced its own lexicon. You can see it already: self-isolating, social distancing, herd immunity. High up among these new usages will be the teleconferencing company Zoom. Full disclosure: I was an early adopter. The [...]
Covid-19: the inescapable truths faced by investors May 22, 2020 Investors will need to be more agile than ever as Covid-19 reinforces many of the trends driving the world economy prior to the outbreak. “At the beginning of the plague, when there was now no more hope but that the whole city would be visited; when all that had friends or estates in the country [...]
Marston’s and Carlsberg to unite brewing operations in £780m joint venture May 22, 2020 UK pub chain Marston’s share price skyrocketed today as it announced a plan to merge its brewing business with Carlsberg’s UK division in a £780m deal. The joint venture will value Marton’s Brewing Business at up to £580m and Carlsberg’s at £200m. But despite Marston’s superior valuation, the pub chain will only own 40 per [...]
Mortgage payment holidays extended until October May 22, 2020 The financial watchdog has today extended payment holidays to support those struggling to pay their mortgage due to coronavirus. The Financial Conduct Authority (FCA) said banks can extend the mortgage holidays for a further three months up to the end of October. It comes after chancellor Rishi Sunak extended the furlough scheme to October to [...]