Global growth narrative set to shift as pre-pandemic legacy issues resurface March 16, 2021 You may have missed what happened in the US and China over the past week but two major events took place in the world’s two largest economies that have the potential to directly impact us here in the UK. The first is the passage of President Biden’s $1.9trn stimulus bill in the US. The second [...]
Sadiq Khan to unveil £544m plan to fund London’s Covid recovery March 16, 2021 Sadiq Khan will today announce a £544m investment in London’s jobs and high streets to help the capital recover from the coronavirus pandemic. The Mayor of London will also call on the government to match his spending plans for the city as he unveils the proposals at the inaugural London Recovery Summit. Alongside the spending [...]
Name-dropping: Elon Musk changes job title to Technoking of Tesla March 15, 2021 Eccentric billionaire Elon Musk has a history of riling shareholders with his unusual behaviour, and his latest stunt could put another black mark by his name. In a stock market filing today, the troublesome tycoon announced he has changed his job title to Technoking of Tesla, in addition to his current role of chief executive. [...]
Virgin Atlantic set to raise £160m amid ongoing travel restrictions March 13, 2021 Virgin Atlantic is in discussions to raise £160m from shareholders and creditors as the airline seeks to shore up its finances ahead of the planned reopening of travel in the coming months. Billionaire businessman Sir Richard Branson is set to provide the bulk of the funding through Virgin Group, which is expected to inject around [...]
Tesla shareholder sues Elon Musk over tweets March 12, 2021 A shareholder in electric car firm Tesla is suing outspoken boss Elon Musk, claiming that his tweets have exposed investors to billions in losses. The claim accuses Musk of breaking a settlement reached with the US Securities and Exchange Commission back in 2018. At that time, the regulator came down hard on the South Africa-born [...]
Italy to enter third national lockdown over Easter following spike in Covid cases March 12, 2021 Italy will enter its third nationwide lockdown over the Easter weekend as the country struggles to curb a fresh spike in coronavirus cases. Non-essential shops will be shuttered across the country between 3 April and 5 April, when Italians will only be allowed to leave their homes for work, health or emergency reasons. The decree, [...]
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 [...]
UK’s Covid-19 death toll passes 125,000 March 11, 2021 The UK’s official Covid-19 death toll passed 125,000 today, according to data from Public Health England.
Hedge fund founder Crispin Odey acquitted of indecent assault March 11, 2021 Hedge fund mogul Crispin Odey has been acquitted of indecent assault after being accused of groping a young woman in the late 1990s. Odey, founder of Odey Asset Management, was accused of “launching” himself at a young woman at his home in 1998. The woman, who was 27 at the time and worked in the [...]
European Central Bank to print money faster as interest rate stays unchanged March 11, 2021 European Central Bank to print more money faster as interest rate stays unchanged
