Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
S&P 500 and Dow climb for third day and close at records April 9, 2021 The S&P 500 and the Dow rose to close at record highs, posting a third straight weekly rise partly on lift from growth stocks, with a late-day rally building gains ahead of quarterly earnings season next week. The Dow Jones Industrial Average rose 299.21 points, or 0.89 per cent, to 33,802.78, the S&P 500 gained [...]
Restaurants may be reopening but delivery kits are here to stay April 9, 2021 It’s just days until we’re allowed to sit outside and eat a socially distanced meal with people from one other household – a concept that’s far more appealing than that sentence might suggest. But that doesn’t mean the home delivery restaurant-in-a-box revolution is over. With top chefs and restaurants from across the culinary spectrum now [...]
UK house prices reach new record high as property market booms April 9, 2021 UK house prices reached a new record high last month as government measures such as the stamp duty holiday continued to buoy the property market. Average house prices jumped 1.1 per cent compared to the previous month, hitting a record £254,606. In comparison to March last year – when the pandemic hit the UK – [...]
Keith Pelley interview: European Tour chief on PGA Tour alliance, why 2021 is even tougher than 2020, and when fans can return to golf April 9, 2021 Since 14 April 2020, Keith Pelley has been getting used to a new way of starting each day. At 7:45am the chief executive of golf’s European Tour dials into a conference call with 14 colleagues to discuss which tournaments are on, which are off and need replacing at short notice, and which hang in the [...]
Welcome to paradise: The most expensive island homes revealed April 8, 2021 A visit to a tropical island may seem like a far-fetched dream for many Londoners, especially after a year spent lockdown. While we may not be able to leave the UK for a jetsetting adventure any time soon, some people are lucky enough to call these exclusive island properties home. From a £109.6m Fijian private [...]
Retirement property developer McCarthy Stone secures £200m to expand rental offering April 8, 2021 Retirement property developer McCarthy Stone has secured £200m in financing to expand its rental portfolio. The finance will be provided jointly by John Laing and Macquarie Capital, and will help the UK developer expand its rental properties to “a growing aging population”. Brigid Investments Limited, a special purpose vehicle formed by John Laing and Macquarie [...]
UK PMIs: Construction activity grows at fastest rate since 2014 April 8, 2021 Construction output grew at the fastest rate in six and a half years in March as a combination of delayed projects getting the go-ahead and a boost in housebuilding spurred on the industry. IHS Markit’s construction Purchasing Managers Index registered 61.7 last month, a sharp increase from a reading of 53.3 in February. The latest [...]
Oxford scientist set for £15m payday in Vaccitech flotation April 8, 2021 Professor Sarah Gilbert, the Oxford scientist behind Astrazeneca’s coronavirus jab, is set to land a payday of as much as $20m (£15m) as her vaccine start-up prepares for its stock market debut. Gilbert is understood to be sitting on millions of dollars worth of shares in biotech firm Vaccitech, which is expected to list in [...]
Joe Biden’s $2.3tn spending spree will stifle competition and make business the bogeyman April 6, 2021 Last month, the White House began to lay out the President’s new economic investment programme, the American Jobs Plan. It is the partner of the American Rescue Plan, the ambitious plan to vaccine the entire population, rebuild the economy and the country after the damage wrecked by the pandemic. The plan pledges to spend $2.3 [...]
From coal to hydrogen: an old mode of transport that’s back in fashion April 1, 2021 MyStory: In the second in a new series of stories about looking beyond profit, Schroders’ Nicholette MacDonald-Brown explains how French train manufacturer Alstom changed its spots. In the early twentieth century rail was a dirty business, burning coal and competing with other transport on the basis of speed, price and luxury. Pollution wasn’t a factor. [...]