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To make Britain competitive globally, we must strip away regulatory red tape

Last month, the UK’s Competition and Markets Authority (CMA) made a ruling which blocked the merger of the two British The post To make Britain competitive globally, we must strip away regulatory red tape appeared first on CityAM.


China's robust exports, surging imports boost economic recovery; outlook challenging

China's robust exports, surging imports boost economic recovery; outlook challenging


Facebook: a defence of personalised advertising to help create harmony between online and physical retail

There has been much talk in recent years about “bricks versus clicks” and the threat that the rise of online The post Facebook: a defence of personalised advertising to help create harmony between online and physical retail appeared first on CityAM.


Blackstone tweaks conditions for $6 billion Australia Crown Resorts buyout

Blackstone tweaks conditions for $6 billion Australia Crown Resorts buyout


I was set to reserve a new-build home but the developer hiked the price at the last minute: Is this allowed and should I pay?

When I tried to reserve my new-build home, the housebuilder told me the price had increased by thousands - and that there was another buyer in the frame. Have I been treated unfairly?


Credit Suisse to pay out another $1.7 billion of Greensill-linked fund assets

Credit Suisse to pay out another $1.7 billion of Greensill-linked fund assets


Secrets of the Kardashians' billion-dollar empire

Love them or loathe them, the Kardashian clan know how to make some serious money. Here's how they built their fortune.


How to claim 4th self-employed grant: The next SEISS payment explained, and when to apply through HMRC

Mr Sunak unveiled more details about the fourth self-employed grant during his 2021 Budget announcement


Turkey’s economic turmoil drives Bitcoin frenzy

The neighbourhood teahouse is a focus of daily life across Turkey, an Ottoman tradition that has endured through the centuries. At the Red Lightning teahouse in Çorum, the enterprising owners have one foot in the past and one in the future: it’s the first one in the country where customers can pay in bitcoin. “Everyone we know in Çorum is starting to invest in cryptocurrency. We think that in five years or so regular currency will be in decline,...


Brexit LIVE: Give in, Boris! EU urges UK to accept massive trade U-turn with NEW deal

BORIS JOHNSON has been urged by the European Union to accept a massive U-turn with a brand new deal on Brexit arrangements for Northern Ireland, as the two sides edge closer to resolving the thorny issue.


Britons’ Just Eat orders nearly double in Covid lockdown

Britons’ appetite for a takeaway during the latest Covid-19 lockdown led to a near-doubling in orders over the last three months at Just Eat Takeaway.com. Customers stuck at home across Europe placed 200m orders with the company between January and March. Orders were up 79% compared with the same period a year earlier. The UK accounted for most of that total, with orders surging 96% to 64m, followed by Germany and the Netherlands, where delivery...


FTSE 100 falls on stronger pound, weak oil stocks; Babcock jumps

FTSE 100 falls on stronger pound, weak oil stocks; Babcock jumps


Eurostar on brink: UK told not to fall for 'cheeky' demands as firm is 'French owned'

EUROSTAR is on the verge of bankruptcy as a commentator warned the UK not to bailout the company.


Trip.com to raise $1.09 billion in Hong Kong listing - sources

Trip.com to raise $1.09 billion in Hong Kong listing - sources


Small business confidence surges back up to the highest level since 2014 as shops, pubs and salons reopen

As non-essential retail, pubs, beauty salons and more reopen their doors after shutting them for over four months, the FSB has found small businesses are more positive about their prospects than ever.


Just Eat Takeaway orders surge as eating at home booms during pandemic

Just Eat Takeaway orders surge as eating at home booms during pandemic


Hays operating profit to beat expectations after strong March hiring

Hays has forecasted annual profit to be ahead of expectations after hiring activity picked up in some of its key The post Hays operating profit to beat expectations after strong March hiring appeared first on CityAM.


Union chief calls on Edinburgh Trams boss to return £49k bonus in ‘show of solidarity’ with workforce furloughed during Covid pandemic

A union chief is calling on the managing director of Edinburgh Trams to return his £49,000 bonus to show “solidarity” with the workforce who have been furloughed during the pandemic.


State pension triple lock: Payments still rise if you retire abroad but some will miss out

STATE pension payments are guaranteed to increase in the UK every year under triple lock rules. These increases may also be awarded to those who have retired abroad but there are limitations to this.


EU torn apart as Greta Thunberg dismantles bloc for turning blind eye to science

THE EU was torn apart by climate activist Greta Thunberg after she dismantled its failure to "listen to the science" over the bloc's devastating Common Agricultural Policy (CAP).


Deliveroo and Sainsbury’s expand partnership nationwide

Deliveroo and Sainsbury’s will expand their partnership nationwide, following a successful trial that saw Sainsbury’s become available to order from The post Deliveroo and Sainsbury’s expand partnership nationwide appeared first on CityAM.


UK nears major breakthrough in hated NI deal after EU files legal action

UK OFFICIALS are poised to make a major breakthrough in talks on the controversial Northern Ireland protocol, just weeks after the EU launched legal action over the matter.


Intel offers up factories to ease chip shortage

Intel offers up factories to ease chip shortage


Making women retire later sees state pick up £5,600 bill for care

For every woman working 30 hours a week in her sixties, it costs state £5,600 to make up for care she would have provided for elderly relatives, researchers at King's College London found.


China's revamp of Ant dents investor appetite for IPO revival

China's revamp of Ant dents investor appetite for IPO revival


Pound euro exchange rate recovers ‘modest gains' after ‘four-day losing streak'

THE POUND to euro exchange rate has clawed back some "modest gains" after a "four-day losing" streak as businesses across the UK reopened their doors in the latest step out of lockdown. What does this mean for travel money?


Bitcoin hits record before landmark Coinbase listing on Nasdaq

Bitcoin hits record before landmark Coinbase listing on Nasdaq


UK economy returns to growth despite Covid restrictions

Britain’s economy returned to growth in February despite continuing government Covid restrictions as businesses adapted to lockdown and exports to the EU started to recover after a record plunge in the first month since Brexit. The Office for National Statistics said gross domestic product (GDP) rose by 0.4% in February from a month earlier as the economy showed some signs of improvement after a revised drop of 2.2% in January. Despite the...


I'm sure PayPal never told me I could take a payment holiday

Hady Ahmad, 40, an oil industry engineer from West London, saw his income dry up towards the end of last February as the price of oil fell and travel restrictions were imposed due to the pandemic.


EU shoots itself in foot: French businesses issue trade plea as Brussels' demands backfire

FRENCH businesses are starting to feel the impact of Brexit trade demands made by the European Union.


US securities regulator steps up scrutiny of blank-cheque vehicles

The US securities regulator has issued new guidance for special acquisition companies (SPACs) amid concerns they have improperly accounted for The post US securities regulator steps up scrutiny of blank-cheque vehicles appeared first on CityAM.


Sadiq Khan's TfL finances under microscope as panic erupted over 'on a knife-edge' fear

SADIQ KHAN has been embroiled in a furious row with the Government over Transport for London (TfL)'s finances, which has left the capital "on a knife-edge".


UK retailers report higher spending in March - BRC

UK retailers report higher spending in March - BRC


Oh dear, Nicola! Sturgeon's independence and EU dreams dismantled ‘Greece without the sun'

NICOLA STURGEON's separatist dream is nothing but a "tartan fantasy" which will cost Scotland £26billion a year and leave it in debt to the tune of £300billion, an economist has warned.


Oil edges higher on Mideast tension, likely crude stocks drawdown

Oil edges higher on Mideast tension, likely crude stocks drawdown


Three in four buyers delayed new car purchases due to lockdown

News comes amid turmoil in the new car market.


GDP data: UK construction ‘head and shoulders above other sectors’ in Covid recovery

The construction sector is playing a key role as the fastest growing sector of the UK’s Covid-hit economy, according to The post GDP data: UK construction ‘head and shoulders above other sectors’ in Covid recovery appeared first on CityAM.


One in five wealthier households ‘saved more than £10,000 over the past year’

Reduced outgoings have helped some households to make savings, LV= said.


Before the Bell: Markets shift into neutral gear ahead of heavyweight data

Financial markets look to be shifting into neutral gear ahead of heavyweight data starting with China’s Trade Balance due shortly, The post Before the Bell: Markets shift into neutral gear ahead of heavyweight data appeared first on CityAM.


Air Canada reaches deal on C$5.9 billion aid package with Ottawa, will buy Airbus, Boeing jets

Air Canada reaches deal on C$5.9 billion aid package with Ottawa, will buy Airbus, Boeing jets


Defence giant Babcock International to cut 1,000 jobs in the UK and overseas

In an update on the group-wide review launched in January, Babcock laid bare its balance sheet woes as it booked £1.7 billion in impairments and charges.


Investors add to cash as "taper tantrum" and taxation risks grow - BofA survey

Investors add to cash as "taper tantrum" and taxation risks grow - BofA survey


Reasons to be cheerful as economy begins faster than expected bounceback

THE economy is bouncing back a bit quicker than previously thought, the latest official figures show, giving hope to businesses around the country that they can survive Covid.


Change bank capital rules to boost climate action - survey

Change bank capital rules to boost climate action - survey


Grab agrees world's biggest SPAC merger, valued at nearly $40 billion

Grab agrees world's biggest SPAC merger, valued at nearly $40 billion


JD Sports beats profit forecasts as it shakes off pandemic hit

JD Sports today reported full-year profits well ahead of market expectations as trading proved resilient despite the impact of store The post JD Sports beats profit forecasts as it shakes off pandemic hit appeared first on CityAM.


BUSINESS LIVE: Bitcoin hits record high of $63,000; Economy inches back to growth in February; JD Sports boosted by online sales; Just Eat Takeaway orders up to 200m

The economy clawed back ground in February with 0.4 per cent growth despite the lockdown being in force. However, it remains 8 per cent below their pre-Covid level.


European shares pause near record high with eyes on U.S. inflation data

European shares pause near record high with eyes on U.S. inflation data


JD Sports resumes dividends and ramps up warehouse space post-Brexit

JD Sports resumes dividends and ramps up warehouse space post-Brexit


London markets open flat despite GDP boost

There was not much movement on London’s main market this morning despite overall optimism surrounding the vaccine rollout and positive The post London markets open flat despite GDP boost appeared first on CityAM.