This time last year the nation was beginning to enjoy Christmas outdoor markets and the High Street’s festive lights. But this Christmas is likely to be very different. The pandemic has forced us inside – and while many of us are used to buying online, some will have to do …
Read More »MARKET REPORT: Second vaccine delivers shot in arm for global markets
The FTSE 100 started the week with a bang after another Covid vaccine announcement gave shares a shot in the arm. Stock markets across the world rallied after US company Moderna said its potential coronavirus vaccine was nearly 95pc effective. On the London Stock Exchange many of the companies hit …
Read More »Royal Mail set to post a first-half loss of £65m with Covid-19 worsening a drop in letter volumes
Royal Mail set to post a first-half loss of £65m with the pandemic worsening a drop in letter volumes It comes despite a predicted 8% rise in revenues to £5.6bn Covid-19 has prompted a rise in parcel sending with more internet shopping The company taking on 33,000 temporary staff to …
Read More »ATM usage slumps after Britons rush to withdraw cash before lockdown
There was a sharp rise in people taking out money from cash machines in the days before England’s second lockdown but withdrawals have slumped since last Thursday, as footfall collapsed after the country was again told to stay at home. The amount of cash withdrawn between Friday and Sunday last …
Read More »Seasonal job openings plunge this year according to Adzuna
The market for temporary seasonal roles in Britain has dived by a third this year compared to 2019. There are currently 13,600 temporary Christmas roles, a 31 per cent drop on the same week last year where more than 20,000 vacancies were available, according to job website Adzuna. The fall …
Read More »MARKET REPORT: Astrazeneca is boosted by vaccine trial optimism
Investors were given another shot of good news from Astrazeneca on the eve of its third-quarter figures. A definitive result from in-depth trials of its potential Covid-19 vaccine could be available by the end of this year, says the trial’s chief investigator Andrew Pollard. His comments come days after Britain’s …
Read More »BUSINESS LIVE: HSBC earnings tumble; BP returns to profit
BUSINESS LIVE: FTSE 100 slips; HSBC earnings tumble; BP returns to profit; Revolution Bars launches CVA By This Is Money Published: 08:09, 27 October 2020 | Updated: 09:53, 27 October 2020 HSBC’s profits tumbled 35 per cent in the last quarter as the bank signalled it would embark on a …
Read More »What will Royal Mail’s new ‘Parcel Collect’ service cost?
Royal Mail to launch ‘Parcel Collect’ service: But what is the TRUE cost of asking the postman to pick up your parcels from home? By Toby Walne, Financial Mail on Sunday Published: 21:52, 24 October 2020 | Updated: 14:46, 25 October 2020 The postman is now offering an extra service …
Read More »Countrywide investors clash over estate agent’s planned rescue
Countrywide investors clash over estate agent’s planned rescue by private equity firm By Lucy White For The Daily Mail Published: 21:56, 22 October 2020 | Updated: 22:26, 22 October 2020 Britain’s biggest estate agency is at the centre of a furious row as shareholders clash over its future. Countrywide said …
Read More »ALEX BRUMMER: Betrayal of the Square Mile
As a Brexit supporter, I naively thought that the City would find ways of emerging relatively unscathed from leaving the European Union. Even if there were an exit of some jobs and asset management mandates to Frankfurt, Paris and Amsterdam, the trading and innovative skills of Britain, in areas such …
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