Markets: FTSE eeks out gains as UK’s GDP drops March 12, 2021 Markets: FTSE eeks out gains as UK's GDP falls
Police confirm human remains belong to missing Sarah Everard March 12, 2021 The Met Police have confirmed that the human remains found in a woodland in Kent are those of 33-year-old Sarah Everard, who disappeared on 3 March. A police officer, whose job it was to guard diplomatic buildings, remains in custody in connection of Everard’s kidnapping and murder. “I can now confirm that it is the [...]
Parallel markets: The City must push back against Europe’s protectionist financial walls March 12, 2021 Governments, however enlightened and visionary, can so often make two fundamental errors of judgement about global financial service markets: they grossly underestimate their multi trillion dollar power and manoeuvrability. They forget their close attention to competition, cost and risk, and the pursuit of liquidity. In continuing to raise protectionist walls around its internal financial markets, the [...]
Before the Bell: Inflation genie returns to his bottle as UK GDP data is next March 12, 2021 The buy-everything animal spirits refused to be caged any longer overnight as financial markets returned the inflation genie to its bottle. Technology was back, the S&P 500 and Dow Jones closed at record highs, US yields held steady, Bitcoin rose, and the US Dollar fell, with markets partying like it was 2020. Yesterday, the European [...]
Screenshot: Does the UK media have a racism problem? March 12, 2021 This week: **Media Moment of the Week: GMB gets a new frontman **Does the UK media have a racism problem? **Deliveroo’s IPO giveaway; BT gets in a bind Media Moment of the Week: GMB gets a new frontman What a week it’s been for ITV. In the space of 24 hours it racked up bumper [...]
FTSE closes higher and Wall St bounds ahead on $1.9 trillion US stimulus package March 11, 2021 The FTSE 100 pushed slightly higher today as final confirmation of a bumper $1.9 trillion US stimulus package cheered investors. The blue-chip index was up 0.17 per cent at 6,736 points by market close, while the domestically-focused FTSE 250 pushed 0.59 per cent higher. Mining stocks such as Rio Tinto, Anglo American and BHP Group, [...]
Police officer arrested in connection with Sarah Everard disappearance taken to hospital March 11, 2021 The police officer arrested in connection with the disappearance of Sarah Everard was taken to hospital for a head injury earlier today. The Met said that he was treated in hospital for the injury, which he sustained in custody, and then was “returned to a police station”. The man, who is in his 40s, was [...]
Government looks at widening review into financial markets March 11, 2021 The government is planning to widen its review into financial markets as it looks to boost London’s prospects after Brexit. John Glen, economic secretary to the Treasury, said the government is reviewing financial rules to include regulations on market structure, transparency rules and commodities. It comes just a week after Lord Hill’s review into stock [...]
UK-Kenya trade deal ratified overnight despite ongoing legal challenge March 11, 2021 In a surprise twist, Kenyan MPs ratified late on Tuesday evening the Kenya-UK trade agreement, paving the way for a duty-free trade economic framework between the UK and the East African country. The outcome of the vote was only made public yesterday. Adan Haji, chairman of the Kenyan parliament’s trade committee, reputedly managed to persuade [...]
Derwent London reports dip in rental income after ‘unprecedented’ year during pandemic March 11, 2021 Property firm Derwent London this morning reported a dip in net rental income for the year, as the vacancy rate for the London office market doubled during the pandemic. Gross rental income for the landlord hiked 5.8 per cent last year to £202.9m, up from £191.7m in the same period last year. However the impact [...]