Restaurants and clubs that survive Covid may see a boom like never before December 1, 2020 For those in the hospitality industry, 2020 can’t end soon enough. Recent news suggests that by Spring, London finally will start to see some semblance of normal life return, with a lifting of this year’s countless rules and regulations. The hospitality industry has been decimated this year, despite the Government’s attempts to help by offering [...]
Global Britain: should the dramatic shift in ownership of the UK stock market be feared or cheered? November 30, 2020 How global will Britain be in future? This is a question that polarises opinion. But while the UK still needs to define its place in a post-Brexit world, its financial markets have never been more populated with foreigners. According to data from the Office for National Statistics, more than half of the UK stock market is [...]
Lloyds names HSBC’s Charlie Nunn as next chief executive November 30, 2020 Lloyds Banking Group has named HSBC head of wealth and personal banking Charlie Nunn as its next chief executive. Nunn will replace Antonio Horta-Osorio who said in July that he would step down next year once a successor was appointed. The new chief executive will be paid a salary of £1,125,000 and a fixed share [...]
Before the bell: Equity sentiment slips while all eyes are on OPEC November 30, 2020 Equity markets had a positive run last week on the back of more progress being made with respect to developing a Covid-10 vaccine. In addition to that traders are more optimistic that President Trump will leave office quietly in January. The main story of the week was that the drug being developed by AstraZeneca and [...]
Argentine prosecutors investigate death of soccer star Maradona November 29, 2020 By Jorge Otaola and Ramiro Scandolo BUENOS AIRES (Reuters) – Argentine justice officials on Sunday seized medical files from the doctor of Diego Maradona as part of their investigation into the recent death of the soccer star. Maradona died at age 60 on Wednesday after a heart attack. The search order was requested by prosecutors [...]
Brexit: Chance of no-deal exit ‘underpriced’, says Number 10 November 29, 2020 There is still a reasonably good chance the UK will leave the post-Brexit transition period on a no-deal basis, according to Downing Street. The UK will leave the EU’s single market and customs union with or without a trade deal on 31 December. A no-deal exit would mean that trade barriers between the EU and [...]
Black Friday: Union calls for inquiry into Amazon over ‘dehumanising’ conditions November 27, 2020 Union members have called for a parliamentary inquiry into Amazon over “dehumanising” conditions at the ecommerce giant’s warehouses. Disgruntled unionists have projected a banner reading ‘Make Amazon Pay’ outside the tech firm’s London headquarters as part of protests coinciding with Black Friday. “Amazon is well known for unsafe, dehumanising work practices which see our members [...]
There’s a new type of leader in town: Agile, decisive, and interested in more than their own voice November 27, 2020 The turbulence of 2020 has provided a new lens through which to look at our leaders, prompting a rethink of what leadership should look like in the Covid era and beyond. Over the past nine months, leaders have had to navigate the coronavirus pandemic, sweeping technological changes, worldwide Black Lives Matter protests, and of course [...]
Before the bell: Volatility remains low post-Thanksgiving November 27, 2020 It was a subdued session yesterday as the US celebrated Thanksgiving and in turn the US stock market was closed. Dealers in the rest of the world largely sat on their hands while their US-based counterparts enjoyed their turkey. It was a quiet day in terms of news flow and there was little appetite for [...]
Brexit: UK business groups ‘crying out for certainty’ as talks drag on November 26, 2020 Some of Britain’s largest business groups have made a fresh plea for post-Brexit certainty from the government as the country is just 35 days away from leaving the EU completely. The Confederation of British Industry (CBI), British Chambers of Commerce and the Federation of Small Businesses told City A.M. that their members desperately need to [...]