Will London’s budding cannabis market turn the EU green with envy? February 18, 2021 One after the other, medical cannabis companies are listing on the London Stock Exchange (LSE), and investors are piling in cash, keen to be early investors in what they hope will become a major industry in the UK. It is an exciting time for the medicinal cannabis industry. In September, City regulator the Financial Conduct [...]
Revealed: The most applied-for jobs during the Covid-19 crisis May 21, 2020 Delivery drivers and warehouse workers are among the roles that have received the highest number of job applications during the Covid-19 crisis, a new report has revealed. Data published today by Linkedin showed that critical frontline jobs have been inundated with applications as companies respond to shifting demand during the lockdown. Delivery drivers were the [...]
Barclays squares up for latest legal battle as £1.5bn Staveley suit hits High Court June 8, 2020 Financier Amanda Staveley’s private equity firm today told the High Court it had received a “substantially worse” deal than Qatar when its syndicate invested billions of pounds in Barclays during the financial crisis in 2008, as it launched a civil case against the bank. PCP Capital Partners is claiming damages of up to £1.5bn for [...]
Equity funds show signs of recovery following record outflows December 5, 2019 Equity funds bounced back to net inflows in October, with the sector showing signs of recovery following a bruising third quarter of record outflows. Investors ploughed £648m into equities in October in a much-needed boost for the funds following £1.7bn outflows the previous month, according to data from the Investment Association (IA). Read more: M&G [...]
The Week Ahead: Look out for GDP data, Ocado, AstraZ, Twitter and Ted Baker February 8, 2021 Start your week informed: here are the announcements and results to look out for this week. UK GDP: A double dip recession is looming After a fairly decent third quarter, and an expansion of 16 per cent, the UK economy has had a much more troubled fourth quarter, with the likelihood that we may well [...]
Bitcoin Halving sees Miners echo Satoshi Nakomoto May 19, 2020 Last week Bitcoin (BTC) began trading around the $8,600 mark following the Bitcoin Halving on Monday evening, before seeing a substantial surge upwards throughout the week to once again test the important $10,000 level. BTC is trading at the time of writing at $9,757. Ether (ETH), the second-largest cryptocurrency by market capitalization, began the week [...]
Budget reactions: Optimism and relief to Sunak’s plans March 4, 2021 Following Chancellor Rishi Sunak’s announcement yesterday, of a raft of new support measures alongside plans to shore up Britain’s finances in the wake of the coronavirus pandemic, the details of this year’s Budget gradually become clear to SMEs, entrepreneurs, startups and others in London and across the country. Sunak set out extensions to the furlough [...]
Arqiva’s £2bn telecoms takeover cleared by competition watchdog April 22, 2020 A £2bn takeover of Arqiva’s telecoms infrastructure division by Spanish rival Cellnex has been cleared by the competition watchdog. The merger, which agreed in October, will make Cellnex the largest independent operator of mobile masts in the UK, adding roughly 7,400 sites to its portfolio. The deal will also give the Spanish firm rights to [...]
Tesco sells Polish business for £165m due to ‘market challenges’ June 18, 2020 Tesco has announced it will sell its struggling Polish operation for 819m zlotys (£164.6m), as the British supermarket giant seeks to streamline its presence across Central Europe. In a statement this morning, the big four supermarket chain said it will sell Tesco Polska’s 301 stores and associated distribution centres to Salling Group A/S, subject to [...]
Goldman Sachs chief David Solomon gets 20 per cent pay rise to $27.5m for his work in 2019 March 21, 2020 Goldman Sachs chief executive David Solomon has been rewarded for his work leading the bank in 2019 with a 20 per cent pay rise. It sees his remuneration package reach a total of $27.5m, which includes $17.85m in performance-linked stock units. That comes on top of his $2m annual salary and a $7.65m cash bonus, the [...]