Search for mystery Brazil Covid variant narrows to 379 households March 2, 2021 The hunt for a mystery person infected with a new, more transmissible Brazil variant of coronavirus has narrowed to 379 households, the health secretary has announced. In total six cases of the new strain, also known as the P1 variant or Manaus variant, have been identified across England and Scotland. One case has still yet [...]
FTSE ends day with slump as Wall Street’s Nasdaq plunges nearly three per cent May 4, 2021 The FTSE 100 slipped back below the 7,000 point mark by the market close, despite a strong start to the week’s trading after the Bank Holiday weekend. The blue-chip FTSE 100 index fell 0.67 per cent by the end of the day, with banking stocks, including HSBC Holdings, Barclays and Standard Chartered posing the biggest drag on [...]
The City View: Adam Marshall of the British Chambers of Commerce on how to support an economic recovery August 19, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In this episode Christian talks to Adam Marshall, director general of the British Chambers of Commerce, about the state of the economy and the prospects for a recovery. Adam believes that when government support schemes are withdrawn they must be replaced by more targeted schemes and that businesses must be [...]
Drop in drama comes at bad time for Premier League’s pay-per-view push October 26, 2020 Who remembers the good old days of a few weeks ago, when the Premier League was all goals and madcap scorelines? Leicester smashing five at Manchester City was soon eclipsed by Tottenham’s six-goal romp at Manchester United and then, giddily, Aston Villa putting seven past champions Liverpool. Gameweek Two had set the tone, ushering in [...]
Barclays profit more than doubles to £2.4bn, as it shifts call centres to UK from India April 30, 2021 Barclays’ profit more than doubled in the first quarter despite not releasing cash set aside to cover bad loans from the pandemic like its British rivals. The bank posted a pre-tax profit of £2.4bn for the first three months of the year, up from £923m in the same period a year earlier and beating an [...]
The Mitchells Vs The Machines is the feel-good film of 2021 April 29, 2021 It’s rare to find an original film that generate a lot of hype in this sequel and ‘shared universe’ obsessed industry. However, when there’s a new film from the producers of Cloudy With A Chance of Meatballs and the much-adored Into The Spider-Verse, people sit up and pay attention. Netflix certainly did, paying big money [...]
A drive to survive: How Liberty Media used Netflix and esports to win a new generation of fans and safeguard the future of Formula 1 March 26, 2021 It feels like an awful long time ago now that Liberty Media took the wheel of Formula 1, completing a takeover valued at $8bn including debt in January 2017. Donald Trump had just been inaugurated and the most relevant global health emergency was the Zika virus. In motorsport, meanwhile, Lewis Hamilton had been dethroned and [...]
Wall Street flat but FTSE ticks up as investors await inflation data June 7, 2021 Wall Street’s main indexes were muted this afternoon as investors stayed on the fence ahead of key inflation data this week, while tech stocks shrugged off a G7 agreement on a new global corporate tax minimum. The Dow Jones Industrial Average and S&P 500 dipped 0.46 and 0.26 per cent respectively by early evening trading. [...]
Business rates aren’t fit for purpose but Rishi Sunak’s digital tax is a sticking plaster, not a solution July 30, 2020 Long before the coronavirus pandemic, our high streets were struggling. Faced with the rise of online sales, many well-known retailers were either closing stores, entering a form of insolvency known as a company voluntary arrangement (CVA), or falling into administration. The oft-quoted analysis of this demise was that the costs of running a physical store [...]
CMA chair Tyrie was ‘forced to step down’ after row with directors June 28, 2020 The chairman of the UK’s competition watchdog was forced to step down three years early after a stand-off with the firm’s chief executive, according to reports. Lord Tyrie, who last week announced he would stand down as chairman of the Competition and Markets authority (CMA) in September three years earlier than planned, had fallen out [...]