Business groups blast government’s back-to-work guidance for lack of clarity July 15, 2021 Business leaders in the UK have slammed yesterday’s renewed government back-to-work guidance for its mixed messages that have “done little to dispel confusion” over returning to the office. BEIS officials published new guidance yesterday – a day later than expected – that called for a “gradual return” to the office from 19 July, as the [...]
Deliveroo to roll out to 100 new towns and cities in 2021 January 12, 2021 Deliveroo will expand its service to 100 new towns and cities across the UK in 2021, following increased demand for business in 2020. The towns and cities earmarked for expansion include Yeovil, Bangor (Northern Ireland), East Kilbride, King’s Lynn, Scarborough, Llanelli and Exmouth. The move will mean the takeaway delivery app is available to 4 [...]
London Stock Exchange mulls £300m Covid rescue fund January 23, 2021 The London Stock Exchange is plotting a £300m listed investment vehicle aimed at offering much-needed support to companies hit hard by the pandemic. David Schwimmer, LSE chief executive, has led talks with top City figures and Treasury figures about establishing an investment trust that would list on the index. It is understood the vehicle, dubbed [...]
Morgan Stanley reports record revenues after surge in trading July 16, 2020 Morgan Stanley today revealed quarterly earnings had beaten analysts’ expectations, even as coronavirus ravaged the US economy. The Wall Street bank’s record profit was boosted by strong trading revenues which jumped nearly 70 per cent. The figures: Morgan Stanley reported net revenues of $13.4bn (£10.64bn) for the second quarter, compared with $10.2bn (£8.1bn) a year [...]
Bitcoin tops $40,000 as record rally continues January 8, 2021 Bitcoin has soared to over $40,000 after another record-breaking day for the cryptocurrency, as investors seek a hedge against inflation. The leading cryptocurrency was trading at $41,010.58 by 11.50am according to Coindesk, setting a fresh record as it doubled its value in less than a month. Bitcoin, which is created and traded using blockchain technology, [...]
JP Morgan takes minority stake in London startup Smart Pension February 4, 2019 Banking behemoth JP Morgan has made a strategic investment in workplace pensions startup Smart Pension, the firm will announce today, as part of a fresh equity funding round. The size of the round was undisclosed, however Smart Pension said it had raised around £50m to date. JP Morgan took a minority equity stake as part of [...]
Stimulus cheques from Washington boost US retail spending, but 576,000 file jobless claims April 15, 2021 Stimulus cheques from Washington boost US retail spending, but 576,000 file jobless claims
Ministers mull making home and flexible working a legal right March 24, 2021 The government is said to be weighing up an expansion of employees’ rights to work flexible hours or from home after a shift in habits during the coronavirus pandemic. A public consultation is set to be launched later this year on how the flexible approach to office life could be extended so that Brits can [...]
FTSE 100 and US stocks slip amid second-wave worries October 13, 2020 The FTSE 100 was set to end the day lower and US stocks fell as concerns about rising coronavirus cases and new restrictions weighed on global sentiment. London’s blue chip index opened lower and was down 0.8 per cent by 4pm at 5,951 points. The mid-cap FTSE 250 had shed 1.5 per cent. Read more: [...]
Blockchain oil firm taps former JP Morgan director as new chief February 13, 2019 A firm that wants to reinvent commodities trading by using blockchain technology has hired a former energy trader from JP Morgan and Mercuria as its next chief executive. Vakt, which aims to eliminate paper-based trading and secure audit processes by putting it on the blockchain, has been backed by major oil firms such as Shell, Chevron [...]