Scotland-based brewery and pub chain BrewDog is revelling in the news that the UK’s national lockdown is set to come to an end this summer. The company reported it has had its busiest day for bookings on record after Prime Minister Boris Johnson announced the easing of restrictions in the coming months. Beer gardens are […]

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Following the first European Central Bank (ECB) meeting of 2021, the institution announced that it will be sticking to its current key rates and the scale of its Pandemic Emergency Purchase Programme (PEPP) for the foreseeable future, as the European economy continues to grapple with the impact of the Covid-19 pandemic. In what The Telegraph […]

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Electric car batteries capable of fully charging in just 5 minutes have been produced in a factory for the first time ever, marking a significant step forward for the electric car industry and tackling some long-held concerns about the lengthy charging times for electric vehicles making them ultimately unsuitable for consumer use. The new lithium-ion […]

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Markets around the world are buzzing as Trump leaves the White House, paving the way for President-elect Joe Biden to take over in this evening’s long-awaited inauguration ceremony. After days of subdued activity across global equities earlier in the week – partly hampered by the US’s national holiday in commemoration of Martin Luther King – […]

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Europe’s first medical cannabis ETF, The Medical Cannabis and Wellness UCITS ETF (CBDX), has celebrated its first anniversary since being listed on Deutsche Boerse and the London Stock Exchange. “Strong growth” over the past twelve months look set to tick over into 2021, boosted by a Democratic House, Senate and presidency which have previously flirted […]

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Shares at Chinese e-commerce giant Alibaba (HKG:9988) have jumped almost 10% after founder Jack Ma’s first sighting in three months quelled fears that the business tycoon might be dead. He was seen on Wednesday speaking by video in an online ceremony for an annual rural teaching event. The brief 50 second-long video made no mention […]

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The UK House Price Index has released its figures from November 2020, detailing how prices rose 4% between October and November, with the annual price change in the capital over the year coming in at +9.7%. In England as a whole, the November data shows on average, house prices have risen by 1.2% since October […]

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Global Palladium Fund (GPF), which was founded in 2016 by Norilsk Nickel (MCX:GMKN) – a nickel and palladium mining and smelting company based in Northern Russia – has announced the launch of a “competitively priced physically backed metal” ETC (exchange-traded commodity) range on the London Stock Exchange. The ETCs are set to have the lowest […]

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New York-based investment bank Goldman Sachs (NYSE:GS) has outperformed Wall Street analysts’ predictions with a jump in profits, as its investment banking, wealth management and bond, currency and commodities trading divisions all thrived during the pandemic. Goldman Sachs reported quarterly revenue of $11.74 billion, up 18% from a year ago, and posted net income of […]

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British sports betting and gambling firm Entain plc (LON:ENT) has seen its shares freefall after casino operators MGM Resorts International announced it does not intend to submit a revised proposal for the firm, which snubbed an $11 billion takeover deal earlier this month. Entain, previously known as GVC Holdings – which owns Ladbrokes and Sportingbet […]

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The price of gold made a modest rally on Tuesday afternoon, gaining 0.25% to $1,840.91 per ounce after lunchtime, following a turbulent few weeks which saw the precious metal take a -2.31% hit. Responsibility for the uptick, analysts at FX Street say, is “exclusively sponsored by the emergence of some selling around the US dollar, […]

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Online greeting card and gift retailer Moonpig has filed its intention to float on the UK stock market, with an approximate value of £1.2bn. The firm said on Tuesday that it is aiming for a February debut. Demand for Moonpig’s products soared during the pandemic. With lockdown keeping people separated for birthdays and special occasions, […]

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As the mass Covid-19 vaccination drive continues, new data from Finaria.it has revealed that vaccine developers BioNTech-Pfizer (NASDAQ:BNTX, NYSE:PFE) and Moderna (NASDAQ:MRNA) are set to bank $14.7bn in revenue from sales of their coronavirus vaccines by 2023. The Pfizer-BioNTech candidate made headlines for becoming the first vaccine to be approved for use in the general […]

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Global equities were hushed on Monday as the US enjoyed its first national holiday of the year, leaving the rest of the markets to stroll through their quietest trading session of 2021. It was a sign – if one was even needed – that Europe lacks direction without the US at the helm to direct […]

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Online food delivery firm Deliveroo has secured another $150m in funding from shareholders, including Amazon, as the company prepares to make its stock exchange debut with a total value of more than $7bn. Deliveroo had already raised $1.5bn from investors with plans to use the funds to innovate, set up for delivery-only kitchen sites, and […]

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A new report by the London Central Portfolio (LCP) reflecting on lettings trends across 2020 has revealed that almost 50% of new tenants in prime London properties were from the European Union. New tenants in 2020 by region (%) The LCP’s data outlined the home regions of new tenants letting London properties in 2020. Travel […]

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Shares at British-Swedish pharmaceutical firm AstraZeneca (LON:AZN) have climbed nearly 1% after it announced that US regulatory bodies have approved the use of its treatment for patients with previously-treated HER2-positive advanced gastric cancer. In the US, gastric cancer is most frequently diagnosed in the advanced stage, with only around 5% of patients surviving beyond the […]

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2020 was something of a boom year for ETFs, which saw the sector grow to $189bn and record almost 200 new listings, after capturing $97bn of flows over the course of the year. There are now more than 540 ESG ETFs available. While the Covid-19 pandemic stranded global markets in the eye of the storm, […]

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Western markets look set to end the week on a sour note, with the FTSE slipping to a 9 day-low as trading closed and both its US and European equivalents weathering similar drops. The FTSE is among the worst casualties of the day, contemplating the new Office for National Statistics (ONS) data revealing that UK […]

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Shares at American pharmaceutical firm Pfizer (NYSE:PFE) have slipped after its announcement that it will be temporary reducing deliveries of its Covid-19 vaccine to Europe while it seeks to upgrade its production capacity to the target 2 billion doses per year. “This temporary reduction will affect all European countries,” a spokeswoman for Pfizer Denmark said […]

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Oil had a stormy year in 2020, plummeting to record lows during the near-global lockdown in the spring, before rapidly climbing towards the latter end of the year as travel restrictions were gradually loosened and vaccine optimism sparked a jump in demand. Earlier this week, oil rallied to an 11-month high with Brent Crude coming […]

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The UK Supreme Court has ruled in favour of small firms receiving insurance payouts to cover losses during the first national lockdown in the spring of last year. The ruling means insurance firms will have to pay out on previously-disputed coronavirus business interruption claims totalling at least £1.2bn. Tens of thousands of businesses are expected […]

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US President-elect Joe Biden has announced a $1.9tn economic relief package to boost the bruised American economy ahead of his inauguration next week. Although the plan still needs to be approved by Congress before it is implemented, with the Democrats holding slim majorities in both the House of Representatives and the Senate – the first […]

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Equities around the world rose on ‘Super Thursday’ as a slew of major companies posted festive trade updates, and anticipation continues to mount for the announcement of President-elect Joe Biden’s stimulus package. With inauguration day fast approaching, it is expected that the new administration is ready to implement the multi-trillion dollar package passed by the […]

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Swiss investment bank UBS has announced that it expects silver to outperform gold in 2021, following a year which saw “safe haven” precious metals hit record highs and reap the benefits of global stock market volatility. 2020 was a remarkable year for gold, which surged to a record high of $2,075 in August after one […]

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New research by estate agents Coulters Property has collated the average house price and salary in every major town and city in the UK to reveal the places where you will need to work the most – or least – to pay off your mortgage if you put down a 15% deposit. A mortgage is […]

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Twitter was uncharacteristically quiet on Donald Trump‘s end yesterday after it was announced that he is now the first US President in history to be impeached twice, and having been suspended from his social media accounts, this time there was no platform for him to express his disapproval of the charge of “incitement of insurrection”. […]

The post Why it matters that Trump is impeached – again appeared first on UK Investor Magazine.

Shares at British homebuilding firm Taylor Wimpey (LON:TW) have climbed a modest 1% after the company released an optimistic trading update for the year ending 31 December 2020, citing a “healthy sales rate” and “strong demand” for its resilient performance during the Covid-19 pandemic. Wimpey announced that it has started 2021 with an “excellent” order […]

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Shares at British hoteliers Whitbread plc (LON:WTB) have bounced more than 3% after the company released its Q3 FY2021 trading update, citing “resilient operational performance” despite sales down 66.4% and occupancy at a mere 31.1% for the 5 weeks leading up to 31 December 2020. The company behind Premier Inn lamented the “very challenging hotel […]

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London-based retailers Associated British Foods (LON:ABF) has warned that it expects to lose £1.05bn if Primark stores are not allowed to reopen before the end of the financial half-year next month. Currently 305 stores are closed, representing 76% of ABF’s retail selling space. On Thursday the company released a trading update for the 16 weeks […]

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On Wednesday, British online fashion retailer ASOS (LON:ASC) reported strong Christmas trading and raised its half-year profit forecast by £40m, which would take its full-year results to the top end of market forecasts, but has warned that post-Brexit tariffs could cost it £15m in the next financial year. Analysts have forecast a pre-tax profit of […]

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Global mergers and acquisition (M&A) activity soared by 88% to $2.3 trillion in H2 2020, amounting to the strongest second half in history and overtaking the previous record held by the 46% increase in H2 1997. H2 2020 was also the strongest second half in history in terms of deal value. According to the research […]

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A new report by UK merchant payment provider Dojo has revealed how industries in the UK and beyond have been impacted by the Covid-19 pandemic. The report, which used Yahoo Finance and public Purchase Intent data, analysed and ranked which industries benefited most and least from the “unforeseen changes” in their customers’ lifestyles during the […]

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UK-based sustainable energy service provider TelosNRG has announced the launch of a bespoke “ESG package” for the renewables industry, designed to help energy sector companies understand and measure their current ESG performance against key markers of progress. The service will involve utilising Telos’ expertise in ESG credentials to advise companies on the performance of their […]

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Leading investor relations consultancy firm Edison Group has announced the launch of a new series of ESG reports designed to democratise investor access to review companies’ performance and adherence “across the most significant and stringent criteria”. The reports – collectively called ‘Edison ESG Edge’ – utilise a standardised structure and a “ratified, forward-looking data set […]

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Shares at British biotechnology firm Synairgen (LON:SNG) have surged more than 7% after the launch of its new large-scale Covid-19 treatment trial. The Southampton-based company treated its first patient at Hull Royal Infirmary on Tuesday afternoon, using the newly-developed formulation SNG001, which involves the inhalation of a naturally-occurring protein named interferon beta which is believed […]

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The governor of the Bank of England, Andrew Bailey, has suggested that the UK’s unemployment rate may actually be higher than official figures currently show as the coronavirus pandemic continues to drive a surge in redundancies. In a speech to business leaders at the virtual Scottish Chambers of Commerce conference, Bailey acknowledged that the UK […]

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Consumer spending declined 2.3% year-on-year in December – the largest decline since June 2020 – as tightened coronavirus restrictions resumed their chokehold on UK retailers and hospitality. Figures collated from a report by Barclaycard revealed that the hospitality sector was particularly hard hit, with spending at bars and pubs down by 71.4% and restaurants by […]

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Shares at AIM-listed diamond producers BlueRock Diamonds (LON:BRD) have surged almost 7% after the company released an optimistic Q4 and FY production update, citing “strong results in a challenging year” as its processed tonnes increased by 25% year-on-year. Despite its mine being closed due to COVID-19 for a period of 50 days starting on 24 […]

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Vaccines are increasingly being seen as the key to a sustained recovery for UK businesses. New research has revealed that 92% of owners of independent public-facing companies across the retail, hospitality and travel sectors believe that vaccinating British consumers is the “golden ticket” to a post-pandemic recovery, and are reportedly considering inviting back the customers […]

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Shares at British chemicals and sustainable technology firm Johnson Matthey plc (LON:JMAT) have risen more than 1% on the back of the announcement that new Chief Financial Officer Stephen Oxley will join the board on 1 April, with Karen Hayzen-Smith stepping down as interim CFO and continuing in her role as Group Financial Controller. Oxley […]

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The price of oil has climbed on Tuesday morning against a weaker dollar, following yesterday’s announcement that Goldman Sachs expects Brent prices to reach $65 per barrel by this summer. A combination of Saudi Arabia’s decision to cut output and anticipation of a Democrat-driven stimulus check in the US has also boosted the commodity – […]

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The price of crude oil plummeted on Monday as concerns mount over the rapid spread of a new strain of Covid-19, causing a mass travel ban between the UK and more than 30 other countries around the world as leaders fight to keep the variant from spreading. Known as VUI-202012/01, the new strain was first […]

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New research from the Nottingham Building Society has revealed the impact of the coronavirus pandemic on how much Brits plan to spend on their Christmas shopping. Even before the recently announced Tier 4 restrictions on London and the South-East, 19% of people said that they expect to spend ‘significantly’ less this Christmas than they did […]

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Shares across the UK’s largest airlines plummeted on Monday morning following the announcement of widespread travel bans to prevent the spread of the new Covid-19 variant. Easyjet (LON:EZJ) saw its shares freefall a hefty 9.34%, while British Airways’ parent firm IAG (LON:IAG) reported an 8.89% drop, and Ryanair (LON:RYA) a 5.11% dive just after midday. […]

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Leading UK home builder Redrow (LON:RDW) published its market predictions for the next year on Tuesday morning, projecting a “strong” 2021 and a steady housing demand despite the ongoing coronavirus pandemic. Matthew Pratt, CEO of Redrow, commented: “We are very excited about 2021. We entered our new financial year in a position of strength and, […]

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Real estate firm Rightmove has projected a further climb in UK house prices in 2021 despite Brexit, the ongoing coronavirus pandemic and whether or not the government chooses to extend the current stamp duty holiday. Asking prices rose almost 7% this year, but are expected to gain a further 4% over the next twelve months […]

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Through an ongoing global pandemic and a seemingly never-ending Brexit negotiation process, small and medium-sized businesses (SMEs) across the UK have been forced to operate in a climate of uncertainty. Rules and regulations are changing by the day, and as a new strain of Covid-19 emerges and the UK prepares to dive out of the […]

The post Will 2021 be a boom year for UK SMEs? appeared first on UK Investor Magazine.

A new study commissioned by trading broker HYCM has revealed how anxieties surrounding the coronavirus pandemic and Brexit has affected UK investors’ plans for 2021, with the majority believing the true impact on the UK economy will not be seen until next year. The survey was conducted across 885 UK-based investors, all of whom have […]

The post Investors predict worse Covid fallout in 2021 appeared first on UK Investor Magazine.

Mounting fears of a no-deal Brexit scenario have caused UK equity funds to shed more than $2bn in the past two months, as investors opt to put their money elsewhere amid doubts over a sustained FTSE recovery. Data from financial intelligence agency EPFR Global revealed that $2.4bn has been withdrawn from funds exposed to the […]

The post No-deal fears cause UK equity fund exodus appeared first on UK Investor Magazine.

Sterling broke on a bad note on Thursday morning after the highly-anticipated talks between UK Prime Minister Boris Johnson and European Commission chief Ursula von der Leyen failed to culminate in a Brexit trade deal. Although an agreement to continue negotiating has reportedly been reached, hopes of a deal are becoming slimmer by the moment, […]

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American manufacturing firm Boeing Co. (LON:BOE) has seen its shares leap on the back of news of a deal with airliner Ryanair (LON:RYA) involving the sale of 75 ‘737 Max’ jets. Already the leading European customer for Boeing’s ‘737 Max’ model, Ryanair has added 75 more jets to an existing order of 135 (still yet […]

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Shares at British multinational investment bank Barclays (LON:BARC) have slipped almost 2% on Monday morning after the London-based firm released an update on its strategy and targets to combat the climate crisis. Earlier this year, the bank announced it would limit its funding to fossil fuel projects after pressure from investors forced Barclays to realign […]

The post Barclays shares slide amid update on net zero ambitions appeared first on UK Investor Magazine.

Ministers from the world’s largest fossil-fuel producing nations are set to meet virtually on Monday to discuss what the future holds for the global oil market in 2021. After a turbulent year which saw prices crash to their lowest level in more than 20 years in so-called “Black April”, news of more lax lockdowns and […]

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On Wednesday, Chancellor Rishi Sunak set out his spending review detailing how much will be spent on public services, lamenting the “economic emergency” that the UK government faces as the coronavirus pandemic rages on. He explained the measures the government is putting in place to “protect people’s jobs and incomes”, with a £280 billion pledge […]

The post What do investors make of Sunak’s spending review? appeared first on UK Investor Magazine.

Research by Astons – a leading international real estate expert on residency and citizenship through investment, offering bespoke residence and citizenship solutions in the UK, EU and Caribbean through property investment – has found evidence of a growing trend amongst foreign investors bulk-buying properties across the UK in order to capitalise on the current stamp […]

The post Foreign investors bulk-buying UK properties to capitalise on stamp duty savings appeared first on UK Investor Magazine.

Shares at British multinational insurance agency Aviva plc (LON:AV) bounced more than 2% on Monday evening following the news that the firm is set to sell its entire 80% shareholding in Italian life insurance venture Aviva Vita to its partner UBI Banca for €400 million in cash. The move is part of the firm’s new […]

The post Aviva shares optimistic on sale of shareholding in Italian business appeared first on UK Investor Magazine.

Shares at roadside recovery firm AA plc (LON:AA) were down almost 5% on Monday evening as Sky News reported that the company’s board is set to recommend a private equity takeover to help reduce its £2.6 billion debt mountain. The motoring group is reportedly being considered for a £218 million takeover proposal from TowerBrook Capital […]

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The price of gold fell nearly 2% to a 4-month low on Monday after better-than-expected U.S. business activity data and optimism over the progress in Covid-19 vaccine development sent investors turning away from their safe haven assets, as hopes mount that a swift economic recovery may be on the horizon. Spot gold dipped 1.68% to […]

The post Gold tumbles to 4-month low after strong U.S. data, vaccine progress appeared first on UK Investor Magazine.

Shares at the world’s second-largest cinema chain, Cineworld (LON:CINE), have rocketed more than 22% on the back of the news that the firm has secured waivers for its debt deadlines until June 2022 and £336 million in new loans to help see it through the remainder of the pandemic. Last week, Cineworld shares took a […]

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Shares at Cambridge-based pharmaceuticals firm AstraZeneca (LON:AZN) have slid over 1% on Monday morning despite the news that their coronavirus vaccine, in collaboration with Oxford University, has proven to be up to 90% effective in interim trial data. Initial results showed the first half dose is able to provide 70% protection against the virus, but […]

The post AstraZeneca share price slides despite positive trial results appeared first on UK Investor Magazine.

Shares at British cinema chain Cineworld (LON:CINE) have been something of a horror show on Thursday, falling almost 7% as the firm reportedly considers launching a CVA amid ongoing financial difficulties. A CVA – an insolvency procedure common among businesses seeking to cut costs – would help to take the pressure off of Cineworld’s mounting […]

The post Cineworld shares dive as CVA rumours swirl appeared first on UK Investor Magazine.

Shares at Jet2 plc (LON:JET2) slumped more than 6% on Thursday lunchtime after the airline posted its half-year results, with the coronavirus pandemic driving a £111 million loss in the sixth months leading up to September. The firm reported a group operating loss of £111.2 million for the half-year period, in stark comparison to the […]

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Bitcoin surged to a 3-year high of $17,891 – its highest level since December 2017 – on Wednesday after surging almost 10% over the past 24 hours. The world’s most valuable cryptocurrency, Bitcoin is often lambasted by critics for its historically unreliable price. In March this year, it was trading at just $5000, but in […]

The post Bitcoin surges to 3-year high amid analysts’ caution appeared first on UK Investor Magazine.

Cambridge-based agritech startup KisanHub has raised £1.12 million for its seed-to-sale platform designed to help “growers, field staff, procurement managers and management teams make informed decisions” about improving sustainability in the agri-food industry. Chief contributions came from the Low Carbon Innovation Fund 2 (LCIF2) with backing from the Future Fund, and was supported by the […]

The post KisanHub raises over £1m to transform the agri-food supply chain appeared first on UK Investor Magazine.

The first platform for retail investors to track the carbon impact of their investments – an app named Sugi – launched on Tuesday with the aim of helping investors ‘build a greener portfolio’ in line with their values. Sugi, powered by Moneyhub’s Open Finance data and intelligence API, is a free to use app aimed […]

The post New app launches for investors to track their carbon footprint appeared first on UK Investor Magazine.

Prime Minister Boris Johnson announced on Wednesday his long-awaited plan for the UK’s ‘green industrial revolution’, outlining an ambitious 10-point strategy to shift away from carbon emissions and generate up to 250,000 jobs. Environmental groups have praised the direction of the plan but critics have questioned the scale and commitment from the private sector. In […]

The post PM launches new ‘green revolution’ with 10-step strategy appeared first on UK Investor Magazine.

On Tuesday evening, Sky News reported that American private equity firm Cerberus Capital Management LP is currently in “preliminary talks” to rescue hedge fund-owned Co-Operative Bank following months of turmoil due to the ongoing pandemic. Sources revealed that Cerberus was “likely to seek a cut-price deal” during negotiations with the bank’s executive board and shareholders, […]

The post Cerberus in talks to rescue Co-Op bank appeared first on UK Investor Magazine.

In September this year, Reuters reported that investors managing trillions in assets and more than 120 business leaders had urged the European Union to cut carbon emissions by at least 55% by 2030. The mounting climate crisis has increasingly drawn the attention of investors the world over in recent years, highlighting the opportunity to accelerate […]

The post M&G launches new Climate Change Solutions fund appeared first on UK Investor Magazine.

EU-leading alternative investment platform Mintos has broken records by raising a record €5.3 million on Crowdcube in just 24 hours, after reaching its initial target of €1 million in just 15 minutes. The fintech firm – described as a “global online marketplace for investing in loans” – attracted over 4,600 investors in its first crowdfunding […]

The post Fintech firm Mintos smashes Crowdcube record appeared first on UK Investor Magazine.

New research commissioned by bridging finance provider Market Financial Solutions (MFS) has outlined the growing concern over the UK’s housing crisis, with more than half of Brits considering it to be one of the biggest issues even amidst the Covid-19 pandemic and ongoing Brexit uncertainty. The MFS survey – conducted across an independent, nationally-representative survey […]

The post More than half consider housing crisis to be a major UK issue appeared first on UK Investor Magazine.

New research by travel cash provider Bidwedge has revealed that almost a third of Brits still rely on cash for essential shopping, even as UK retailers opt for card-only payments over concerns that coins and notes could aid the transfer of infectious Covid-19 particles. The survey – conducted across 2,083 UK adults – found that […]

The post Third of Brits still rely on cash for essential shopping appeared first on UK Investor Magazine.

AI sales forecasting and restaurant analytics startup Tenzo has joined forces with the UK’s innovation agency Innovate UK to launch a £500k initiative to “continue its fight against food waste in restaurants and help restaurants survive and thrive as the world comes out of the pandemic”. In the midst of what Young’s Pubs has called […]

The post Tenzo joins forces with Innovate UK to launch food waste initiative appeared first on UK Investor Magazine.

Former construction giant Carillion “acted recklessly” and made “misleading positive statements” about its finances prior to its infamous collapse in 2018, according to the Financial Conduct Authority (FCA). Prior to sinking into liquidation two years ago, Carillion was one of the UK’s governments largest contractors. Its construction services spanned a wide range of projects, from […]

The post FCA reprimands “reckless” Carillion for misleading investors appeared first on UK Investor Magazine.

High street coffee shop chain Caffé Nero has launched a Company Voluntary Agreement (CVA) amid a major restructuring drive as the firm battles to avoid job losses and store closures. The impact of the Covid-19 pandemic has reportedly “decimated trading”, and that despite surviving the first lockdown, the current firebreak has forced the chain to […]

The post Caffè Nero launches CVA after pandemic “decimates” trading appeared first on UK Investor Magazine.

The European Securities and Markets Authority (ESMA) – the European Union’s securities markets regulator – has published a report on the preparedness of investment funds with significant exposures to corporate debt and real estate assets, warning managers to buckle up for potential future adverse liquidity and valuation shocks. What did the report find? The report […]

The post ESMA warns fund managers to prepare for future adverse shocks appeared first on UK Investor Magazine.

A new report by SWNS Digital found that more than half of Brits have no idea what their current credit score is, raising concerns of a “huge impact” on their financial health. The survey, conducted via OnePoll and commissioned by Experian (LON:EXPN) to mark the launch of its new credit score improvement service Experian Boost, […]

The post More than half of Brits in the dark about their credit score appeared first on UK Investor Magazine.

Gold gained towards the end of the week after the initial buzz from the news that the BioNTech-Pfizer vaccine proved more than 90% effective in Phase III tests begun to wear off, with doubts over the efficacy and distribution. Markets soared back on Monday in response to the US election result, but coupled with the […]

The post Gold prices inch higher as vaccine euphoria wears off appeared first on UK Investor Magazine.

A new report by WeBuyAnyHome has outlined the impact of the coronavirus pandemic on the UK housing market, revealing that house sales enquiries have plummeted by 32% on average compared to 2019 as widespread lockdowns and market turbulence dampen appetites to buy. The data compares house sales enquiries from January to September 2019 to the […]

The post UK house sales enquiries dropped by 32% in 2020 appeared first on UK Investor Magazine.

New surveys of business activity have raised concerns of a pre-Christmas slump due to the latest Covid-19 restrictions. With lockdown 2.0 now in full swing, widespread store closures and thousands back on furlough, business activity has already taken a sharp dive into the negative, according to two separate studies by accountancy firm BDO, and the […]

The post Pre-Christmas slump on the horizon for UK economy appeared first on UK Investor Magazine.

Last week, business magnate Jack Ma looked set to become China’s richest man with the launch of his new tech venture, Ant Group. Already an icon in the industry as the man behind the world’s largest e-commerce platform, Alibaba (HKG:9988), Ma was set to sell shares in his new company worth about $34.4bn (£26.5bn) on […]

The post Ant Group’s suspension could wipe $140bn off its value appeared first on UK Investor Magazine.

More than 2,900 employees are now at risk of losing their jobs after it was announced on Friday that clothing retailer Edinburgh Woollen Mill and homeware suppliers Ponden Home have fallen into administration. Both brands are owned by EWM Group, which is still negotiating a potential rescue deal that could save its remaining brands – […]

The post Jobs on the line as Edinburgh Woollen Mill and Ponden Home collapse appeared first on UK Investor Magazine.

A new report by the Office for National Statistics (ONS) has outlined the impact of the coronavirus pandemic on the number of UK employees paid below the National Minimum Wage. The newly-released figures show that 2,043,000 people aged 16 and over – that’s 7.2% of the total UK workforce – were paid less than £8.72 […]

The post Two million employees sink below minimum wage since pandemic began appeared first on UK Investor Magazine.

A new report released by property investment fund London Central Portfolio (LCP) has revealed that 22% of prime London properties purchased this year were bought by overseas buyers without a viewing. The data, collated from figures by the HM Land Registry UK House Price Index, consolidates reports that the property market is currently enjoying a […]

The post 22% of prime London properties bought by overseas buyers without a viewing, new report says appeared first on UK Investor Magazine.

Vietnam is one of the few countries which has emerged from the Covid-19 pandemic in relatively good shape. To date, the South-East Asian country has registered just over 1,100 cases and only 35 deaths, thanks to a prompt and proactive response in clamping down on the virus early on in the year, and subsequently its […]

The post Vietnam: How Asia’s blossoming economy tackled the pandemic appeared first on UK Investor Magazine.

British brewery, pub and hotel operator Marston’s plc (LON:MARS) has seen its share price slide nearly 5% after announcing it will cut up to 2,150 furloughed jobs. The government’s wage subsidy scheme is set to wrap up at the end of the month, and with a swathe of British cities facing further coronavirus restrictions which […]

The post Marston’s shares plummet as group axes 2,150 jobs appeared first on UK Investor Magazine.

Shares at BP plc (LON:BP) have plunged to their lowest level since 1995, reaching a mere £2.10 on Wednesday and falling from its £5-a-share value at the start of 2020, just weeks after new CEO Bernard Looney warned of a major restructuring drive amid mounting fears about the role of the oil industry in the […]

The post BP shares dive to 25-year low amid climate crisis fears appeared first on UK Investor Magazine.

American multinational medical and pharmaceutical firm Johnson & Johnson (NYSE:JNJ) has seen its shares slip 1.50% on Tuesday afternoon after it announced that its coronavirus vaccine trial has been forced to halt due to the ‘unexplained illness’ of a participant. The company has stated that the volunteer’s illness is currently being assessed by an independent […]

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New Mexico has announced that it is set to launch a new ‘smart infrastructure’ and carbon neutral energy era alongside Agile Fractal Grid and Cityzenith, following the 2019 Energy Transition Act (ETA) granting the US state the position of global leader in the fight against climate change. The partnership between energy supplier The Agile Fractal […]

The post New Mexico nudges towards carbon neutral future appeared first on UK Investor Magazine.

A coalition of 30 major asset managers, banks and investors – boasting Schroders, BlackRock, Barclays, and NatWest among others – have urged the UK government to issue a green bond to support investments in projects designed to decarbonise the UK economy and tackle social inequality. Reuters reported that the proposal involves a sovereign bond developed […]

The post Investors worth £10tr make impact investment plea to UK government appeared first on UK Investor Magazine.

Shares at Swiss pharmaceutical giant Roche (SWX:RO) have remained unfazed by reports of a major supply chain problem, which has affected the distribution of crucial NHS supplies as well as causing a drop in its processing capacity for Covid-19 samples. The healthcare firm has seen its share price rise more than 0.50% on Thursday morning, […]

The post Roche shares unfazed by supply chain failures appeared first on UK Investor Magazine.

Impact investor WHEB Asset Management LLP (WHEB) is set to launch a Dublin-based UCIT (Undertakings for the Collective Investment in Transferable Securities) fund designed to make sure investors can continue to contribute to their sustainable impact funds whatever the outcome of the ongoing Brexit talks with the European Union. WHEB was launched in 2009 with […]

The post FP WHEB Sustainable Impact Fund: impact investors gear up for the post-Brexit world appeared first on UK Investor Magazine.

The UK government has released a statement confirming a £200 million investment in the Port Infrastructure Fund, as part of its drive to “ramp up preparations for the end of the transition period” and build new facilities along the coast designed to “handle new customs requirements under the new Border Operating Model” proposed back in […]

The post UK announces £200m post-Brexit port infrastructure fund appeared first on UK Investor Magazine.

Copenhagen Infrastructure Partners (CPI) have secured €4 billion from investors in commitments for its new renewable energy fund, Copenhagen Infrastructure IV (CIP IV). The Danish investment firm – which specialises in renewable infrastructure projects, particularly wind power – has attracted investors from across the Nordic countries, as well as the UK and Australia. Expected to […]

The post CIP secures €4bn investment for greenfield renewables fund appeared first on UK Investor Magazine.

Ravaged by more than 8 million Covid-19 cases, and at least 328,000 reported deaths, Latin America’s virus crisis seldom makes the headlines in the UK media, yet it remains the most affected region in the world by the ongoing coronavirus pandemic. ‘The fear for many is that the region has tried to do too much, […]

The post Latin America: is an economic recovery viable? appeared first on UK Investor Magazine.

New figures from the Office for National Statistics (ONS) have consolidated suspicions that the UK economy suffered its largest quarterly fall on record between April and June this year due to the impact of the coronavirus pandemic. Gross domestic product – GDP – fell by 19.8% in the second quarter of 2020, in what has […]

The post UK economy shrivels in record second quarter GDP free-fall appeared first on UK Investor Magazine.

TSB – owned by Spanish firm Banco de Sabadell (BME:SAB) since 2015 – has seen its shares emerge unscathed on Wednesday afternoon despite the news that the bank plans to shut 164 branches and cut up to 1,000 jobs across the UK. Blaming the decline in customers visiting high street banks on the coronavirus pandemic, […]

The post TSB shares unfazed as 164 stores shut, 1,000 jobs cut appeared first on UK Investor Magazine.

The price of gold hit a six-week low on Thursday, wavering against the “robust” performance of the US dollar. A lack of additional economic stimulus from central banks has seen investors lose some interest in the precious metal, which is often treated as a safe haven-esque hedge against inflation and market turbulence. August saw gold […]

The post Gold nears 6 week low against dollar gains appeared first on UK Investor Magazine.

Around the world, pharmaceutical companies and governments are working at record speed to develop a vaccine for the novel coronavirus. There are currently more than 150 potential vaccines in development, with high hopes that an effective product can be introduced to the market within the next year. The demand for a vaccine has increased since […]

The post AstraZeneca and GlaxoSmithKline – the Covid-19 vaccine frontrunners to watch appeared first on UK Investor Magazine.

Leaked documents belonging to the so-called FinCEN Files – a collation of 2,657 banking documents, of which 2,100 have been classified as ‘suspicious activity reports’ – have revealed that HSBC (LON:HSBA) allowed the fraudulent transfer of $80 million into accounts based in Hong Kong between 2013 and 2014, despite being aware that the transaction was […]

The post HSBC exposed in $80m Hong Kong Ponzi scandal appeared first on UK Investor Magazine.

Shares at International Consolidated Airlines Group (LON: IAG) have slid almost 4% after British Airways (BA) chief executive Alex Cruz told MPs: “We’re still fighting for our own survival”. Concerns over the struggling airline came to ahead as Cruz spoke to the Transport Select Committee on Wednesday, confirming a slump in travel caused by the […]

The post IAG shares slide as BA boss admits: “we are fighting for survival” appeared first on UK Investor Magazine.

Japanese conglomerate Hitachi (TYO: 6501) is set to pull out of plans to build a nuclear power station at Wylfa Newydd on the island of Anglesey, off the north coast of Wales. A formal decision is expected at Hitachi’s board meeting in Tokyo on Wednesday. The isle of Anglesey council however confirmed that Hitachi had […]

The post Hitachi poised to abandon Welsh nuclear project appeared first on UK Investor Magazine.

Danish-owned family favourite toymaker Lego Group has announced a pledge to make all of its packaging sustainable by 2025, as well as find a climate conscious alternative to its iconic oil-based plastic brick toys. In an article on the Lego website, the brand said that it would invest $400 million over the next three years […]

The post Lego Group chases sustainability goal by 2025 appeared first on UK Investor Magazine.

British clothing retailer Next plc (LON: NXT) has agreed to a 51% stake in US-owned lingerie firm Victoria’s Secret (NYSE: LB) after its UK arm fell into administration in June. The move is expected to save some 500 jobs across the country, after the coronavirus pandemic forced all of its 25 stores nationwide to shut […]

The post Next to buy major stake in Victoria’s Secret UK appeared first on UK Investor Magazine.

London City Airport has become the latest in the aviation sector to announce a swathe of job cuts, amid plans to lay off 239 staff as part of a “crucial restructuring” drive prompted by the coronavirus pandemic. The airport, which is based in East London and serves a largely business clientele, was shut for three […]

The post London City Airport to axe a third of its workforce appeared first on UK Investor Magazine.

New data presented by Buy Shares has revealed that 14 of the world’s largest banks cumulatively lost $635.33 billion in market capitalisation during the coronavirus pandemic. Some of banking’s biggest names were found to have suffered huge losses, with America’s Wells Fargo down -56.26% in market cap, followed by Spain’s Banco Santander at -46.16%. The […]

The post Biggest banks lose $635bn during pandemic appeared first on UK Investor Magazine.

Shares at Cambridge-based biopharmaceuticals firm AstraZeneca (LON:AZN) have begun a modest rally on Monday as the company resumes its high-stakes coronavirus vaccine trial. Clinical trials of AstraZeneca’s joint venture with Oxford University were forced to halt last week after it emerged that an anonymous participant had suffered from an alleged “adverse reaction”. A New York […]

The post AstraZeneca shares begin rally as Oxford vaccine trial resumes appeared first on UK Investor Magazine.

Climate Action 100+ – a group which represents investors with a combined portfolio worth more than $47 trillion – has written an open letter to the world’s top greenhouse gas-emitting corporate bodies in a drive to encourage more companies to adopt net-zero carbon emissions targets by 2050. The campaign, backed by 518 investor organisations around […]

The post Leading investors pile on net-zero pressure for world’s biggest polluters appeared first on UK Investor Magazine.

Shares at Cambridge-based pharmaceutical firm AstraZeneca (LON:AZN) have slipped 1.55% as its coronavirus vaccine trial is put on hold after a participant suffered a suspected adverse reaction. The firm has suspended all clinical trials of its proposed COVID-19 vaccine – which had been in the final stage of human tests – while it routinely reviews […]

The post AstraZeneca shares slip as vaccine trial put on hold appeared first on UK Investor Magazine.

Pizza Hut has become the latest restaurant chain in the UK to announce a spate of closures, as the firm prepares to file a company voluntary agreement (CVA) and initiate a major restructuring scheme. The pizza chain – owned by American fast food tycoon YUM! Brands, Inc (NYSE:YUM) – has struggled to pay off its […]

The post Pizza Hut announces plans to slash 29 sites, 450 jobs appeared first on UK Investor Magazine.

A widely-followed monthly report by money-lender Halifax has revealed that the average UK house price has risen to a record high of £245,747 in August 2020, making it the largest monthly leap since 2016. Halifax’s House Price Index showed that house prices had risen 1.6% since July 2020, and overall 5.2% on this time last […]

The post UK house prices hit record high, new report says appeared first on UK Investor Magazine.

According to an article by Sky News this afternoon, doomed travel agent Thomas Cook could be set to make a revival as soon as this month, as Chinese owner Fosun toys with relaunch plans. An announcement is expected in the coming days, but is highly subject to the “introduction of any further quarantining restrictions on […]

The post Rumours swirl of Thomas Cook relaunch “within days” appeared first on UK Investor Magazine.

High street Italian chain Pizza Express (HKG:3396) has revealed that it is set to close 73 stores across the UK – jeopardising as many as 1,100 jobs – as part of a major restructuring plan after creditors approved a rescue deal. The brand is owned by Beijing-based Hony Capital, which bought Pizza Express for £900 […]

The post Pizza Express to close 73 stores amid major restructuring appeared first on UK Investor Magazine.

Clinical biotechnology firm Destiny Pharma plc (AIM:DEST) has seen its shares soar by more than 14% after the company announced it has received an £800,000 grant from the country’s leading innovation agency Innovate UK to help develop a novel, preventative treatment for COVID-19. The programme will see Destiny Pharma work alongside London-based biotechnology research company […]

The post Destiny Pharma receives grant for Covid-19 treatment, shares soar appeared first on UK Investor Magazine.

Primark owner Associated British Foods plc (LON:ABF) has released its pre-close trading update for the full year ending September 2020, with emphasis on Primark’s “strong” performance in the fourth quarter, despite the looming impact of the coronavirus pandemic on retail sales. All Primark stores across the UK were reopened in staggered phases between May, June […]

The post Primark sales “exceed expectations” amid encouraging trade update appeared first on UK Investor Magazine.

Anglo-Dutch consumer goods conglomerate Unilever (LON:ULVR) has announced its plans to invest €1 billion in cutting out fossil fuel from its cleaning products as part of a move “to transform the sustainability of global cleaning”. The manufacturing giant – which boasts a number of household name brands such as Cif, Domestos, and Persil – stated […]

The post Unilever to invest €1bn in removing fossil fuels from cleaning products appeared first on UK Investor Magazine.

Cambridge-based pharmaceutical firm AstraZeneca (LON:AZN) has announced the EU approval of Imfinzi as a first-line treatment for adults suffering from extensive-stage small cell lung cancer (ES-SCLC). The drug is to be used alongside standard chemotherapy after positive results from AstraZeneca’s Phase III CASPIAN trial showed that Imfinzi plus chemotherapy demonstrated a “statistically significant and clinically […]

The post AstraZeneca receives EU approval for new lung cancer treatment appeared first on UK Investor Magazine.

With lockdown slowly but surely coming to an end, and the UK government’s furlough scheme set to wrap up in October, the vast majority of employees across the country now face the awkward reality of going back to work in the post-pandemic world. But after months of disruption, returning to normality is not going to […]

The post Back to work: how Londoners feel about the new normal appeared first on UK Investor Magazine.

The price of gold has slipped below the $1,900 per ounce benchmark, reaching a near three-week low of $1,872.19 on Wednesday, while gold futures also slid 2.4% to $1,900. It marks the largest one-day fall since 2013. Just last week, gold prices soared to a record high of $2,075 after sustaining one of its longest […]

The post Gold sees largest one-day drop since 2013 appeared first on UK Investor Magazine.

British online fashion retailer ASOS plc (LON:ASC) is revelling in a two-year high in its share price, after the company announced that it expects full-year sales and profit to be “significantly ahead” of previous forecasts due to the surge in online shopping during the coronavirus lockdown. Shares at the company soared more than 13% on […]

The post ASOS shares surge to two-year high, raises profit forecast appeared first on UK Investor Magazine.

On Wednesday, data collected by the Office for National Statistics (ONS) showing two quarters of consecutive GDP decline confirmed what many have been expecting since the impact of the coronavirus pandemic first struck the economy at the start of the year: the UK is officially in recession. After a record contraction of 20.4% between April […]

The post “Hard times are here” as UK plummets into recession appeared first on UK Investor Magazine.

Dutch-owned food delivery tycoon Just Eat Takeaway N.V. (LON:JET) has published its half-year results, celebrating a 44% increase in revenue to €1 billion and a similarly impressive 34% growth in gross profit to €630 million. Shares at the company have risen more than 4% on the news. Just Eat reported that its adjusted earnings before […]

The post Just Eat shares up as H1 results reveal 44% increase in revenue appeared first on UK Investor Magazine.

British cinema chain Cineworld (LON:CINE) has seen its share price soar more than 30% on Tuesday after a landmark US court decision to lift the Paramount Decree – a sweeping anti-trust law which banned private Hollywood studios from being able to own theatres. What was the Paramount Decree? Essentially an extension of the 1890 Sherman […]

The post Cineworld shares soar 30% after US antitrust law dissolved appeared first on UK Investor Magazine.

Shares at Prudential plc (LON:PRU) have bounced 2.76% after the company released a “resilient” set of half year 2020 results, celebrating a 14% adjusted operating profit across its services in Asia. The British multinational life insurance and financial services firm – based in London and boasting more than 20 million customers – announced that it […]

The post Prudential shares bask in optimistic Asia profits appeared first on UK Investor Magazine.

Family favourite fast-food pizza chain Domino’s (NYSE:DPZ) has released its interim results for the six months leading up to June 2020. Despite citing “resilient performance during unprecedented trading conditions”, the company’s underlying profits took a major 4.6% hit during the coronavirus pandemic. UK and Ireland system sales reportedly increased 5.5% year-on-year to £628.9 million, with […]

The post Domino’s Pizza posts “resilient” H1 results despite collection-only lockdown appeared first on UK Investor Magazine.

A new report from Buy Shares has revealed that Apple Inc. (NASDAQ:AAPL) enjoyed a 161.63% growth in its services sector between Q3 2015 and Q3 2020, seeing it surge to become the fastest-growing branch of the $1 trillion tech giant. Apple’s services segments comprises of a number of products, including: the App Store, Apple Music, […]

The post Apple shares climb as services sector grows 161% in 5 years appeared first on UK Investor Magazine.

The Bank of England‘s Monetary Policy Committee (MPC) voted on Thursday to maintain its all time low interest rate at 0.1% and leave its target for bond-buying unchanged at £745 billion. Although it looks as if the central bank will hold off on any further stimulus packages or the like to help bolster the UK […]

The post Bank of England sits tight on 0.1% interest rate appeared first on UK Investor Magazine.

Virgin Atlantic – partly owned by British entrepreneur and billionaire Sir Richard Branson – has filed for bankruptcy protection in the US, just weeks after securing a £1.2 billion rescue deal to save the airline from impending collapse. According to Sky News, a US court has heard that Virgin Atlantic is seeking protection under Chapter […]

The post Virgin Atlantic files for bankruptcy protection, warns it is running out of money appeared first on UK Investor Magazine.

High street newsagent WH Smith (LON:SMWH) has become the latest UK retailer to announce a restructuring plan after sales were slashed by the impact of the coronavirus pandemic in the first half of 2020. The firm has reportedly begun to consider axing as many as 1,500 jobs – 11% of its total workforce – primarily […]

The post WH Smith prepares to cut 1,500 jobs as sales dive due to pandemic appeared first on UK Investor Magazine.

Since 1997, Hong Kong has been the global economy’s bridge between China and the rest of the world. The former British colony is home to the highest income per capita and the largest concentration of ultra high net worth individuals in the world, marked by its characteristically low tax rates and free trade arrangement. Its […]

The post Hong Kong – what does the future hold? appeared first on UK Investor Magazine.

Shares at Europe’s largest bank HSBC (LON:HSBA) have slid nearly 4% on the back of the company’s grim 2020 interim results, outlining an alarming 96% drop in net income in the second quarter, down to just $192 million. The company’s pre-tax profits also plummeted over 80% to $1.1 billion over the same period. Although based […]

The post HSBC shares slide as reported income freefalls by 96% appeared first on UK Investor Magazine.

Nest (National Employment Savings Trust), the UK’s largest pension scheme boasting a total of 9 million members, has pledged to pump £5.5 billion – almost half of its entire portfolio – into ‘climate aware’ investments, and aims to reach net zero carbon emissions across all of its stakes by 2050 by divesting from polluting projects. […]

The post Nest to inject £5.5bn into climate-friendly projects, decarbonise portfolio appeared first on UK Investor Magazine.

Bitcoin – the world’s largest cryptocurrency – rose above $10,000 on Monday for the first time in more than 6 weeks, alongside risk asset gold hitting an all-time high of $1,940. According to Bloomberg, Bitcoin opened at $10,169 at 6am in New York, wavered a little in the early trading hours before rallying to $10,335. […]

The post Bitcoin poised to soar alongside gold, surges past $10,000 appeared first on UK Investor Magazine.

Shares at Anglo-Dutch conglomerate Unilever (LON:ULVR) have surged more than 8% on Thursday after the company reported better than expected figures as part of its H1 2020 results. The consumer goods giant – which owns a number of household names, including Dove, Ben & Jerry’s and PG Tips – recorded a €25.7 billion turnover in […]

The post Unilever share price surges 8% as Q2 sales better than expected appeared first on UK Investor Magazine.

The FTSE 100 index (INDEXFTSE:UKX) opened on a sour note on Monday morning, sinking to a low of 6225.11 points at BST 08:25 on the back of slow progress at the EU rescue deal summit and ongoing tensions between the UK and China over Hong Kong and allegations of abuse against Uighur Muslims. EU nations […]

The post Sour start for FTSE 100 amid brewing UK-China tensions appeared first on UK Investor Magazine.

British luxury fashion retailer Burberry (LON:BRBY) has seen its share price slip by more than 6% on the back of news that the company is planning to cut 500 jobs as part of its post-coronavirus recovery operation. In a statement included in the company’s first quarter trading update, Burberry said: “In Q1, sales were severely […]

The post Burberry share price tumbles amid plans to axe 500 jobs appeared first on UK Investor Magazine.

Cambridge Cognition Holdings plc (AIM:COG), a leading digital neuroscience software development firm, has teamed up with charity 4YouandMe and The Centre for International Emergency Medical Services (CIEMS) to launch a study using mobile phones to assess the stress recovery rates of frontline Covid-19 healthcare workers in the USA. The project is to be funded by […]

The post New virtual study to measure stress in Covid-19 healthcare workers appeared first on UK Investor Magazine.

The latest figures released by energy researchers Bloomberg NEF (BNEF) have revealed that global investments in offshore wind farms surged to a new high of $35 billion in the first six months of 2020 – up by 319% year-on-year, and comfortably above 2019’s full-year figure of $31.9 billion. It appears that despite the enormous disruption […]

The post Offshore wind investment surges during lockdown appeared first on UK Investor Magazine.

New research by estate agents Coulters has revealed that average UK house prices have soared by 300% in the last 20 years, while average income has only seen a 70% increase over the same period. The report outlines just how hard it has become for first-time buyers to get on the property ladder. In 1999, […]

The post UK house prices soar 300% in 20 years appeared first on UK Investor Magazine.

US-based global investment firm D1 Capital Partners L.P. (D1) has announced it has purchased a stake in one of the UK’s leading fintech companies – online money transfer service TransferWise. Sky News reported on Monday that D1 has bought a $200 million stake in TransferWise as part of a secondary share sale last week, which […]

The post US hedge fund invests in £4bn British fintech star TransferWise appeared first on UK Investor Magazine.

Tech conglomerate Google (NASDAQ:GOOGL) announced at its annual online Google for India 2020 event on Monday that it plans to invest $10 billion in India over the next five to seven years to scale up the country’s digital infrastructure. The initiative comes as part of the company’s ongoing commitment to being ‘a part of India’s […]

The post Google to invest $10bn in India’s ‘digital future’ appeared first on UK Investor Magazine.

Virgin Atlantic is set to announce a £1 billion rescue deal from Atlanta-based financial services firm First Data, in a last-ditch attempt to avoid collapse without relying on taxpayers’ money. The airline, launched in 1984 by British business tycoon Richard Branson, has struggled to stay afloat during the coronavirus pandemic due to almost universal travel […]

The post Virgin Atlantic set to receive £1bn rescue deal appeared first on UK Investor Magazine.

Fashion retailer Primark, an Associated British Foods (LON:ABF) subsidiary, has turned down a £30 million offer from the UK government for bringing back its 30,000-strong furloughed workforce. The high street clothing chain stated that it “should not be necessary” to take the government up on its offer, which includes a £1,000 bonus for each employee […]

The post Primark rejects £30m coronavirus job retention bonus appeared first on UK Investor Magazine.

Airline giant easyJet plc (LON:EZJ) has been accused by prominent pilots’ trade union, the British Airline Pilots’ Association (BALPA), of using staff sickness records to calculate which employees to make redundant as the company pushes ahead with plans to axe 4,500 jobs. The firm is preparing for 727 pilot redundancies as well as shutting down […]

The post EasyJet accused of using sickness records to decide on job cuts appeared first on UK Investor Magazine.

As quarantine rules are relaxed for travellers from dozens of countries arriving in the UK, the airline industry faces a grim few months ahead. The relaxing of lockdown measures around the globe may have seen an initial “explosion” in holiday bookings, but airlines are expecting cautious travellers to opt to stay home for the summer […]

The post Airlines to battle turbulence as quarantine measures ease appeared first on UK Investor Magazine.

Royal Mail Group plc (LON:RMG) has been fined £1.6 million by communications regulator Ofcom for late deliveries and overcharging for stamps. Meanwhile, the company’s share price remains largely unbothered by the penalty, up 0.36% to 165.90p at Friday lunchtime. The postal service is required to deliver 93% of its First Class mail within one working […]

The post Royal Mail shares unfazed as company fined £1.6m by Ofcom appeared first on UK Investor Magazine.

A survey by price comparison specialists money.co.uk has found that 71% of UK households have managed to save money during lockdown – slashing spending by an average of £2,879 each across the 13 weeks that Brits were told to stay at home during the peak of the pandemic. The average weekly saving of £221.50 was […]

The post 71% of UK households have saved money during lockdown appeared first on UK Investor Magazine.

A report by SWNS Digital has revealed that UK smart meter owners have managed to save a combined total of almost £270 million on energy consumption alone since 23 March. Across a study of 2,000 smart meter-owning Brits, each household estimated a £39.50 reduction in energy fees during the last three months of lockdown. This […]

The post Savvy smart meter owners saved almost £270m during lockdown appeared first on UK Investor Magazine.

The number of Americans applying for unemployment benefits reached 1.314 million in the week ending 4 July 2020 – a grim total compared to the mere 209,000 applications this time last year – according to statistics released by the U.S. Labor Department on Thursday. The figures do, however, come in at fewer than the expected […]

The post US weekly jobless claims better than expected at 1.3 million appeared first on UK Investor Magazine.

High street beauty and pharmacy staple Boots – owned by Walgreens Boots Alliance Inc (NASDAQ:WBA) – has announced plans to axe 4,000 jobs and 48 stores nationwide as it attempts to mitigate the “significant impact” of the coronavirus pandemic. The move is expected to affect around 7% of the company’s workforce, with staff at its […]

The post Boots announces plans to axe 4,000 jobs and 48 stores appeared first on UK Investor Magazine.

A press release by British engineering giant Rolls-Royce Holding plc (LON:RR) published on Thursday has outlined the company’s £2 billion loan withdrawal to help see it through the tail-end of the coronavirus crisis. Shares at the company have plummeted by more than 8% on the back of the news. Covid-19’s long shadow Rolls-Royce has warned […]

The post Rolls-Royce shares tumble as company seeks £2bn loan appeared first on UK Investor Magazine.

The FTSE 100 index (INDEXFTSE:UKX) has dipped 1.54% or 96.70 points on the back of Tuesday’s gloomy Summer 2020 Economic Forecast published by the European Commission (EC), projecting an 8.7% contraction of the economy across the year – significantly worse than the earlier 7.7% prediction from the EC’s Spring Forecast back in May. Despite the […]

The post FTSE retreats nearly 100 points on gloomy European economic forecast appeared first on UK Investor Magazine.

Swedish fashion tycoon Hennes & Mauritz AB (STO:HM-B) – popularly known as H&M – has announced its plans to permanently close 170 stores across Europe, knocking its share price down 1.40%. The move is said to be a response to plummeting sales during the coronavirus crisis, which caused the retail sector to grind to a […]

The post H&M share price slips amid plans to axe 170 stores appeared first on UK Investor Magazine.

The UK’s “Big Four” largest consultancy firms (KPMG, PwC, Deloitte and EY) have been told by industry regulators, the Financial Reporting Council (FRC), that they must submit plans to ring-fence their audit and consultancy units by this October in a historic shake-up of the sector. A precarious market Following the high-profile collapse of companies such […]

The post Big Four told to split audit and consultancy arms by 2024 in historic reform appeared first on UK Investor Magazine.

Residential property developers Barratt Developments plc (LON:BDEV) have announced that they are set to begin the new financial year with “cautious optimism” on the back of surprisingly resilient trading figures, and intend to pay back a total of around £25 million in furlough fees as it welcomes back its staff. The company’s share price has […]

The post Barratt Developments shares rally as company announces it will repay £25m in furlough fees appeared first on UK Investor Magazine.

Coffee and sandwich chain Pret A Manger is set to close 30 of its 410 UK stores – jeopardising at least 1,000 jobs – as the company prepares to navigate the post-coronavirus high street. The company has warned that the impact of the pandemic has forced it to make a “difficult decision”. The eye of […]

The post Pret A Manger to close 30 stores due to “significant operating losses” appeared first on UK Investor Magazine.

The UK government has announced that it is set to spend £400 million on a stake in bankrupt satellite firm OneWeb, as part of its post-Brexit plan to replace the loss of access to the EU’s Galileo sat-nav system. OneWeb declared itself bankrupt back in May after the company racked up $2 billion in debt, […]

The post UK injects £400m stake into failed satellite firm OneWeb as part of UK-EU space race appeared first on UK Investor Magazine.

Government sources have suggested that dozens of countries are to be made exempt from the current compulsory 14-day quarantine period upon arriving in the UK. Last week saw a surge in holiday bookings as rumours began to swirl that the Foreign Office is set to relax its standing “essential travel only” advice to allow for […]

The post Booking surge buoys travel industry as quarantine rules to be lifted appeared first on UK Investor Magazine.

The UK’s High Court has ruled against the Venezuelan government in a legal battle over access to $1 billion worth of gold currently held by the Bank of England. Incumbent president Nicolás Maduro launched legal action against the Bank when it refused to hand over the gold, following opposition leader Juan Guaidó’s warning that it […]

The post UK High Court rules against Nicolás Maduro in row over Venezuelan gold appeared first on UK Investor Magazine.

Italian high street staple Prezzo has become the latest restaurant chain to seek out a buyer, as the dining industry looks set to emerge from the coronavirus crisis with a slew of bankruptcies and widespread job losses. Prezzo has reportedly asked corporate advisors FRP Advisory to orchestrate an auction of the chain as its 180 […]

The post Prezzo begins sale process as the latest chain struck by coronavirus crunch appeared first on UK Investor Magazine.

The FTSE 100 index (INDEXFTSE:UKX) has dipped this afternoon by 1.16%, despite being on course to record its best quarter since 2010, at the tail-end of the financial crisis. Ongoing concerns surrounding coronavirus have weighed heavily on markets for the past few weeks, and PM Boris Johnson’s announcement of a New Deal-style spending spree has […]

The post FTSE slips while US markets rally – a mixed bag for global equities appeared first on UK Investor Magazine.

Cineworld Group plc (LON:CINE) has announced that it will postpone the reopening of its UK and US cinemas until 31st of July, citing a lack in new film releases. The company had previously stated that all of its transatlantic sites would be able to open from the 10th of July. In a company statement, Cineworld […]

The post Cineworld shares stable as reopening date postponed until July 31st appeared first on UK Investor Magazine.

The Royal Dutch Shell PLC (LON:RDSA) share price has slipped by 2.34% just before lunchtime on Tuesday as the company warns that the historic slump in oil prices could reduce the value of its assets by as much as $22 billion. A tumultuous few months for the oil industry look set to have a lasting […]

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British burger chain Byron Hamburgers Limited – also known as Byron Burger – is currently embroiled in last-ditch negotiations with buyers after its private equity owners filed a notice for bankruptcy this afternoon. The hope is that a “pre-packed” administration deal will attract bidders to buy up either the brand name or a number of […]

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Shale gas drilling powerhouse Chesapeake Energy Corporation (NYSE:CHK) has filed for bankruptcy, sending its share price down 7%. The Oklahoma-based fracking pioneer has racked up debts of $9 billion as well as a notorious reputation for its negative environmental impact – the company is ranked the 90th most polluting business in the world. Chesapeake has […]

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BP plc (LON: BP) has announced the sale of its global petrochemicals business to London-based chemical producers INEOS. The $5 billion transaction of BP’s aromatics, acetyls and related commodities represents the “next strategic step” in reinventing BP’s portfolio. BP’s share price bounced a modest 2.57% or 7.82p to 312.42p at BST 10:41 in response to […]

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UK Prime Minister Boris Johnson has vowed to spend billions of pounds to rescue the economy, as the country fast approaches a looming economic fallout in the wake of the coronavirus pandemic. Early on Sunday, Johnson took to Twitter to announce his plans to build the country’s way “back to health”. In an interview with […]

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The UK’s Chancellor of the Exchequer Rishi Sunak has warned that there are “tragic projections” for unemployment in the months ahead in a dire reflection on the impact of the coronavirus pandemic on the UK economy. Scrambling to recover Despite the success of the government’s furlough scheme and the much-needed boost from the Bank of […]

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A set of newly-released figures by the Society of Motor Manufacturers and Traders Ltd (SMMT) demonstrate the devastating impact that the coronavirus pandemic has had on the automotive manufacturing industry. Car production was down 95.4% in May 2020 on the previous year, with just 5,314 cars produced compared to 116,035 during the same month in […]

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UK favourite sandwich shop Pret A Manger has told landlords it is in “the eye of the storm” as it faces losses of “tens of millions of pounds” due to the coronavirus pandemic and prepares to pay only 30% of its quarterly rent. In a letter sent to landlords this week, Pret chief executive Pano […]

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Oil prices slipped below $38 per barrel on Thursday as US crude stockpiles swell and fears of a second wave of coronavirus mount across the pond. US benchmark West Texas Intermediate (WTI) dropped to $37.57 at GMT 12:30, having tumbled from a high of $38.46 during the early hours of the morning. Its decline was […]

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The International Monetary Fund (IMF) has announced that the global economy will suffer a $12 trillion hit as a result of the coronavirus pandemic, according to new analysis released as part of the organisation’s June 2020 World Economic Outlook update. Some of the report’s grim projections include a 4.9% shrink in the global economy over […]

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A new report, Manufacturing and Brexit, published by UK-EU think tank UK in a Changing Europe has outlined the extraordinary impact that Brexit is expected to have on the manufacturing sector, just as the industry fights to overcome the challenges posed by the coronavirus pandemic. The research, collated by the Economic and Social Research Council […]

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The FTSE 100 (INDEXFTSE: UKX) surged by 81 (1.3%) points to reach 6,326 at its peak on Tuesday after PM Boris Johnson announced further lockdown easing measures and reports indicate that the UK’s economic activity is beginning to pick up. Markets were buoyed by good news on Tuesday, but the long-term implications of the coronavirus […]

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Property developer and investor U+I (LON: UAI) has filed a planning application for a “major mixed-use” £770 million cluster of towers as part of its ongoing Morden Wharf scheme on the Greenwich Peninsula. The company’s share price has dropped, however, amidst widespread market uncertainty and the news that the Bank of England is expecting to […]

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Bank of England governor Andrew Bailey candidly revealed the true extent of the impact of the coronavirus pandemic on the UK economy, admitting that Britain reached the brink of insolvency in the early stages of the outbreak. If the Bank had not intervened, the government would have faced a “market meltdown” and struggled to fund […]

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The FTSE 100 (INDEXFTSE: UKX), DAX (INDEXDB: DAX) and CAC 40 (INDEXEURO: PX1) all opened with an underwhelming performance on Monday morning, dropping over 1% as markets responded to mounting fears of a second wave of coronavirus. By mid-morning, both the DAX and the CAC 40 had recovered, up 0.4% – however the momentum trailed […]

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The UK government’s debt has exceeded the size of the economy for the first time since 1963, following a record £55.2 billion of government borrowing during May. In the last year, UK debt has risen to a total of £1.95 trillion – 100.09% of GDP – joining the likes of the USA and Japan in […]

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Tesco PLC (LON: TSCO) announced on Thursday the sale of its business in Poland to Salling Group A/S, Denmark’s largest retailer, in a move intended to capitalise on Tesco’s stronger market position and good growth prospects in Central Europe. Back in early March, Tesco also announced the sale of its Thai and Malaysian business unit, […]

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The Bank of England has announced that it will pump an additional £100 billion into the UK economy to help offset the impact of the coronavirus pandemic. The bank’s Monetary Policy Committee (MPC) voted by an 8-1 majority to increase the target stock of UK government bonds – a continuation of the previous £200 billion […]

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A “debt nightmare” is brewing for UK families, according to a survey by the Joseph Rowntree Foundation (JRF) and Save the Children. The report revealed that 60% of families on universal credit have been forced to borrow money due to the impact of the coronavirus pandemic, resorting to payday loans or credit cards to cover […]

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The UK’s annual inflation rate tumbled to a record four-year low to 0.5% in May this year, driven by falling fuel and clothing prices as demand dwindled during the height of the coronavirus pandemic. According to the Office for National Statistics (ONS), plummeting fuel prices – down 16.7% in May – pushed Britain’s Consumer Price […]

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The Labour party has called for an emergency budget to be released this summer in anticipation of soaring unemployment levels once the government’s furlough scheme is fully terminated in October. Shadow Chancellor Anneliese Dodds has urged Rishi Sunak to deliver a “full budget” aimed at preventing unemployment, improving skills training and giving more substantial support […]

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BP plc (LON:BP) is to slash $17.5 billion off the value of its oil and gas assets following grim projections of the impact of the coronavirus pandemic on global oil demand. Just last week, the company announced plans to cut up to 10,000 jobs by the end of the year, representing nearly 15% of its […]

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Sustainable Investment, defined by the Forum for Sustainable and Responsible Investment as “an investment discipline that considers environmental, social and corporate governance (ESG) criteria to generate long-term competitive financial returns and positive societal impact”, is a rapidly growing industry. A Financial Times article published earlier this year revealed that “$17.5tn out of the $79tn of […]

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The UK government is reportedly assessing its ongoing commitment to financially support overseas fossil fuels after it emerged that £3.5 billion of public funds has been spent on polluting operations since the Paris climate agreement came into effect in 2016. It is understood that senior civil servants are considering a new climate strategy with the […]

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The UK economy nosedived 20.4% in April 2020 in the largest monthly fall since records began, according to the Office for National Statistics (ONS). The report described the impact of the coronavirus pandemic as a “significant shock” to the economy, citing the dramatic fall in GDP and “record broad-based falls in output for production, services […]

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British Airways, owned by International Consolidated Airlines Group (LON:IAG), has resorted to selling some of its multi-million pound art collection in order to raise money as airlines continue to struggle against the economic impact of the coronavirus pandemic. Thursday afternoon saw the company’s share price plummet by 8.8%. More than 10 pieces from the collection, […]

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On Thursday, American President Donald Trump characteristically took to Twitter to express his rejection of the Federal Reserve’s grim economic forecast, as the FTSE 100 sank 3% to 6,132 during afternoon trade amid concerns over the longer-term impact of the coronavirus pandemic. Claiming that the Federal Reserve is “wrong so often”, Trump’s tweet comes a […]

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U.S. banking giant The Goldman Sachs Group, Inc. (NYSE:GS) has been forced to turn away customers from its easy-access online savings account, Marcus, after a £21 billion surge in deposits threatened to overtake regulatory limits. The company decided to temporarily halt new applications following fears it would reach the Bank of England’s £25 billion cap, […]

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Multi-commodity mining and natural resource development company Premier African Minerals Limited (LON:PREM) has announced the $104,000 acquisition of a hard-rock lithium portfolio based in Zimbabwe and Mozambique from Lithium Consolidated Ltd (ASX:LI3), following the latter’s shift in focus to projects based in Australia. The acquisition includes 1500 hectares of licenses in Zimbabwe, originally acquired by […]

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