Founder Favourites: Richard Farleigh on what playing chess, investing and starting a business have in common
JP Morgan sues Tesla for $162m warrant dispute over Elon Musk tweet November 16, 2021 JP Morgan has sued Tesla for $162m and accused the EV carmaker of “flagrantly” breaching a contract related to stock warrants, after CEO Elon Musk threatened to take the company private in a 2018 tweet. According to the filing in New York on Monday, Tesla sold warrants to the US investment bank that would pay [...]
Covid deaths jump 16 per cent in England and Wales: Highest number since early March November 16, 2021 The Office for National Statistics said this morning that there were a total of 995 Covid-related deaths registered in England and Wales in the week ending November 5. This is up 16 per cent on the previous week and is the highest number since the week to March 12. Around one in 12 (8.6 per [...]
Back in black: Bluewater owner Landsec swings to £275m half-year profit November 16, 2021 Bluewater shopping centre owner Land Securities has revealed it swung to a half-year profit as the retail sector bounces back and workers return to offices thanks to the lifting of pandemic restrictions. The group, also known as Landsec, posted a pre-tax profit of £275m for the six months to September 30, against losses of £835m [...]
Landlords hiking rents at fastest pace since 2008 as demand for housing in London shoots up November 16, 2021 Private sector rents in September were 4.6 per cent higher than a year earlier at £968 per month on average, marking the strongest growth in 13 years. The fastest rice since 2008 comes as strong demand outstrips supply, according to an index. Excluding London, rents across the UK were up by 6 per cent annually, [...]
Reception for Cineworld results sends short sellers a wake-up call November 16, 2021 Short sellers experienced a wake-up call yesterday after their pandemic target Cineworld saw its share price shoot up 7 per cent on better-than-expected results. Cineworld has consistently ranked as the most-shorted company in the UK for much of the last eighteen months, after it was forced to close its 9,518 cinema screens during Covid lockdowns. [...]
Post-COP26 beating: All eyes on mining firms today after investors dump stocks on merciless Monday November 16, 2021 Investors yesterday dumped mining stocks as the future of coal looks bleak during the first day of trading on the London Stock Exchange since the COP26 agreement was signed over the weekend. Several big names saw falls, including Evraz down 16.8p at 603.2p; BHP down 37.4p at 1923.4p; Antofagasta down 28p at 1,460p and Anglo [...]
Business leaders sound alarm bells as Scotland slides towards new Covid restrictions November 16, 2021 To slow rising numbers of Covid infections across Scotland, first minister is expected to reveal if further coronavirus restrictions, including an extension of Scotland’s vaccine passport scheme. Business leaders, however, have claimed almost two-thirds of firms are opposed to the measures being considered, fearing they could “place thousands of firms and jobs at risk”. A [...]
88 miles north of Glasgow: Western Scotland hit by earthquake November 16, 2021 An earthquake shook Western Scotland in the early hours of today as residents of the region received a bump in the night. A quake with a magnitude of 3.1 occurred just before 2am with its epicentre some 11 miles north-west of the town of Lochgilphead, 88 miles north of Glasgow, the United States Geological Survey [...]
Future of travel special: Pent-up wanderlust, streaming and, of course, a lot of tech November 16, 2021 After three strict lockdowns, the old adage ‘trip of a lifetime’ has never been more appropriate. Nearly two years into the pandemic, constant reminders of how precious life is have inevitably left their mark, bringing an increased awareness of what really matters, which is quite a motivation for many people to stop putting off that [...]
Banks lose out as Brits join the open finance craze under lockdown November 15, 2021 Brits dissatisfied with services offered by traditional banks are being lured into the world of open finance in increasing numbers. During the pandemic, challenger banks and fintechs tripled their share of the credit card market and grew their personal loan books by 50 per cent according to new data from ClearScore. The research showed that [...]