Britain’s jobs crisis gathers steam

“With further rises in unemployment in the coming months all but inevitable as the furlough scheme unwinds, this is just the lull before the storm,” said Ruth Gregory, senior UK economist at Capital Economics. Constant job losses One in three British companies plans to axe staff before the end of …

Read More »

FTSE 250 movers: Cineworld surges; gold miners retreat

London’s FTSE 250 was up 1.4% at 17,964.71 in afternoon trade on Tuesday. Cineworld surged, with traders pointing to speculation the company may be taken private by its founder. The shares had already rallied on Monday on takeover speculation after a US judge granted the government’s request to end the …

Read More »