After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
English businesses affected by local lockdowns to get extra government funding September 9, 2020 English businesses that have been forced to close in local lockdowns will receive grants worth up to £1,500 per per property they operate every three weeks. The emergency funding will provide support for businesses in cities such as Leicester, Bolton and other parts of Greater Manchester that have been hit by local lockdowns. The grants [...]
Knight Frank launches auction business to battle coronavirus uncertainty September 9, 2020 Estate agent Knight Frank has launched an auction business to help clients sell homes faster during the heightened period of uncertainty caused by the coronavirus pandemic. The property consultancy announced this morning that it will hold seven sales in total, with the next one held on 22 October, following a successful trial in July. Further [...]
Investors turn their back on UK equity funds due to Brexit jitters September 8, 2020 Resurgent Brexit fears combined with the economic impact of the pandemic has seen investors flee from UK equity funds in record numbers. UK equities suffered their worst three months for outflows between June and August, as investors flock to global equity funds in Europe and the US. Investors have been preoccupied with the coronavirus outbreak [...]
Exclusive: Merton leads London house prices higher as buyers seek space September 8, 2020 House prices in the south-western boroughs of Merton and Sutton rose at the fastest pace in London in the year to July as buyers looked for more space during the coronavirus pandemic, according to exclusive analysis by property website Zoopla for City A.M. Prices barely budged in the borough of Hillingdon on the western edge [...]
FTSE 100 jumps after global sell-off as pound slides September 7, 2020 The FTSE 100 and European stocks rose sharply as investors recovered their poise after a sharp sell-off in global stocks last week, with a falling pound boosting London’s blue-chip index. The FTSE 100 extended its morning rebound and was trading 2.46 per cent higher in afternoon trading. London’s FTSE 250 index of smaller firms also [...]
Thomas Cook tipped for relaunch as online-only travel agent September 7, 2020 Iconic travel agent Thomas Cook could be relaunched as early as this month, a year after the firm went bust in dramatic circumstances. Sky News reported that Chinese conglomerate Fosun, which bought the company’s name and intellectual property assets for just £11m, is drawing up plans to reinvent the 178-year-old firm as an online travel [...]
UK house prices hit record high as stamp duty cut powers market September 7, 2020 UK house prices hit a record high in August after pent-up demand and the stamp duty holiday combined to power the market upwards, according to lender Halifax. However, Halifax cautioned that prices were “unlikely” to continue on their current path, with rising unemployment set to catch up with the market. Prices rose 1.6 per cent [...]
First Group shares jump as buyers circle US bus operations September 7, 2020 Shares in transport operator First Group popped this morning after reports that a number of buyers were circling its US operations, which were put up for sale in March. By the mid morning, shares in First Group, which runs bus and rail businesses in the UK and US, were up over 15 per cent at [...]
UK house prices: Growth to remain ‘muted’ after coronavirus lockdown September 7, 2020 UK house price growth is expected to remain muted this year while transactions could plunge despite a bounce back in demand following the lifting of coronavirus lockdown restrictions. The latest research by estate agent Knight Frank forecasts that UK house prices will grow two per cent this year. However both prime central London and prime [...]
FTSE 100 rises but Wall Street falls again on job data September 4, 2020 The FTSE 100 reversed yesterday’s losses, closing in on the 5,900 point level this morning despite last night’s ferocious sell-off of US tech stocks dragging markets down overnight. By the early afternoon London’s premier index was 0.7 per cent up at 5,888.96. The FTSE 250 index of mid caps also rose 0.2 per cent. However, [...]