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Wizz Air dives to €590m loss as wait for recovery goes on

Wizz Air came back down to earth with a bump this morning as the firm braced itself for a net The post Wizz Air dives to €590m loss as wait for recovery goes on appeared first on CityAM.


FTSE to inch higher as market rally cools – live update

FTSE to inch higher as market rally cools – live update


The words you must cut from your resume NOW

While most employers are searching for employees who are motivated, loyal and enthusiastic, it's essential to explain how you embody each quality by giving examples.


Dell spins off VMware stake, generating up to $9.7 billion to pay down debt

Dell spins off VMware stake, generating up to $9.7 billion to pay down debt


Benefits claimant received more than £100,000 they were not due

HM Revenue & Customs oversaw large sums being paid over several years following the logging of incorrect information about family income.


EU 'to END vaccine AstraZeneca and Johnson & Johnson partnership' in furious retaliation

THE EU has decided it will not renew coronavirus vaccine contracts with AstraZeneca or Johnson & Johnson (J&J), it has been reported.


GRACE ON THE CASE: I was persuaded to have solar panels fitted but have found I'm spending much more on bills - can I exit the contract?

We had solar panels installed through Project Solar in 2016 but haven't seen any benefits since then. Can we get out of the contract?


Asian shares slip, dollar wallows at one-month lows

Asian shares slip, dollar wallows at one-month lows


FTSE 100 gains as “value” stocks gather momentum

The FTSE 100 was set to make modest gains today amid talk that so-called “value” stocks such as banks and energy companies are set to build on their strong recent gains. Value stocks are those generally unloved companies in old fashioned sectors with strong profit potential whose share prices have been left behind in the rush for hotter industries. These include tech stocks which have risen in value consistently since early last year, making...


Oil firm CEOs’ pay is an incentive to resist climate action, study finds

Lucrative pay and share options have created an incentive for oil company executives to resist climate action, according to a study that casts doubt on recent net-zero commitments by BP and Shell. Compensation packages for CEOs, often in excess of $10m (£7.2m), are linked to continued extraction of fossil fuels, exploration of new fields and the promotion of strong market demand through advertising, lobbying and government subsidies, the report...


TSMC's first-quarter profit rises 19% on strong chip demand

TSMC's first-quarter profit rises 19% on strong chip demand


Ford details new production cuts due to global chip shortage

Ford details new production cuts due to global chip shortage


Financial services optimism rebounds at fastest rate in eight years

Optimism within the financial services sector has increased for at the fastest rate in eight years as the economy begins The post Financial services optimism rebounds at fastest rate in eight years appeared first on CityAM.


Foxtons faces backlash by shareholders over CEO’s near-£1m bonus

Foxtons is facing a backlash among its shareholders over a decision to award a near-£1m bonus to its chief executive while refusing to pay back millions of pounds in taxpayer-funded government support to weather the Covid-19 pandemic. The London estate agent, which has received almost £7m in government furlough money for staff and business rates relief, has also continued to spend freely to build its business. On Wednesday the company revealed...


More than a third of workers get just a week's notice of shifts as insecurity laid bare

The findings come from a Survation poll for the Living Wage Foundation


Aldi trials major change in UK store which could be rolled out across the country

ALDI has launched a trial which sees the supermarket selling its first ever packaging-free products. It's a huge change that Aldi hopes will be rolled out across the whole country to help customers shop more sustainably.


Climate scientists swap fieldwork for finance

Climate scientists swap fieldwork for finance


Fed up of low interest rates and want to invest in an Isa for better returns? The lower risk funds to help dip a toe into the stock market's stormy seas

From defensive funds to online investment services, which pick assets on investors' behalf, we have rounded up some less risky options to help investors preserve cash.


What are the best books to learn about stock investing and make an Isa fortune: Top experts reveal their favourite reads

Finance professionals told us which books about investing they rate most highly, to give our readers some new ideas on how to improve your own performance.


GUY ADAMS: So what did the 'man who ran Britain' know about Greensill?

GUY ADAMS: There has rarely been a more comprehensive gathering of our political elite than the crowd that attended Lord Heywood's memorial service in 2019.


Yes, interest rates are low. But that doesn’t mean Australian housing is getting more affordable

While inflation might be incredibly low, the same cannot be said for house prices. And despite record low interest rates, housing remains as unaffordable as ever. One of the common complaints about inflation is that it doesn’t measure house prices – but this is not quite true. The consumer price index has since 1998 measured the price of dwelling purchases by owner-occupiers. Crucially though this measure does not include the cost of property....


Asda plans to centralise its baking, seeks new roles for 1,200 staff

Asda plans to centralise its baking, seeks new roles for 1,200 staff


U.S. hearing on China competition told research funding falling behind

U.S. hearing on China competition told research funding falling behind


Tencent Music appoints new CEO, chairman

UK-TENCENT-MUSIC-CEO1:Tencent Music appoints new CEO, chairman


To make the UK a tech leader, retail money must be given more access to private investments

It should be a good thing that Oxford Nanopore, Deliveroo, and Cazoo are all listing, regardless of their early stock The post To make the UK a tech leader, retail money must be given more access to private investments appeared first on CityAM.


Mass sacking at British Gas as 500 engineers lose job amid contract row

Nearly 500 British Gas engineers lost their jobs yesterday after refusing to sign new contracts which will reportedly cut their The post Mass sacking at British Gas as 500 engineers lose job amid contract row appeared first on CityAM.


Questor: there’s more to come from our smaller companies trusts after their pandemic revival

Questor: there’s more to come from our smaller companies trusts after their pandemic revival


Retail visionary Galen Weston dies aged 80: Tycoon transformed Selfridges into Britain's most alluring department store

Galen Weston (pictured with wife Hilary), was the inheritor of the struggling Canadian supermarket group Loblaw, which in a lifetime of work he turned into an £8bn personal fortune.


Jobkeeper doubled return for investors compared to companies that did not have subsidy

An investor who put money into companies that received the Morrison government’s jobkeeper payment would have received almost twice the return as someone who invested in companies that did not receive the wages subsidy, new analysis shows. The analysis, conducted for Labor frontbencher Andrew Leigh, shows that someone who invested a dollar in each of a basket of jobkeeper companies in March last year would have all but doubled their money,...


MARKET REPORT: Shares in Easyjet fly on summer holiday hopes

In one of the most upbeat predictions from an airline yet, boss Johan Lundgren believes holidaymakers will be able to visit 'almost all major European countries' by the time leisure travel restarts in May.


Are you a carer missing out on valuable state pension credits? Number applying fell by a fifth in pandemic year

Just 5,209 people claimed carer's credits towards their state pension entitlement in 2020, a drop from 6,489 in 2019, according to figures obtained under an FOI request by Quilter.


Dogecoin price: DOGE surges in value as Elon Musk drives crtypto frenzy with Twitter memes

DOGECOIN prices have hit an all-time high this week amid a flurry of investing from memesters spurned on by SpaceX mogul Elon Musk. The "meme cryptocurrency" is now valued at a staggering £12.48billion ($17.66billion).


Pound surges as currency hits one-week high against dollar

BREXIT Britain has seen its pound sterling has hit a one-week high against the US dollar.


Before the Open: Late US tech selloff set to act as a drag on European open

US markets saw another mixed close yesterday, only this time it was the S&P500 and Nasdaq that finished the day The post Before the Open: Late US tech selloff set to act as a drag on European open appeared first on CityAM.


Tesco profits fall by a fifth despite 'exceptional' £1bn a week sales

The closure of pubs and restaurants boosted Tesco but it was unable to capitalise because of £892m of costs related to the virus. Revenues rose 7 per cent in the year to February 27.


Martin Lewis explains how Britons may get up to £280 for working from home - could you?

MARTIN LEWIS was back on the airwaves today, providing his latest money saving tips and tricks, and he let Britons know they could potentially receive up to £280 - simply for working from home.


Dollar at three-week low as Fed's dovish message sinks in

Dollar at three-week low as Fed's dovish message sinks in


Money expert claims she’ll retire with $6 million and says others can too

A TikToker has gone viral after sharing her secrets on how she is set to retire with $6 million. Money saving and investment expert, Tori Dunlap has gained more than 1.2 million followers on the app where she advises users how best to manage and benefit from their money. She understands that finance is a very male-dominated environment and as her bio explains, she is ‘fighting the patriarchy by making you rich.’ The 26-year-old posted a video...


Photo of Coinbase’s 2012 founding in a San Francisco apartment goes viral as shares hit $112bn

A photo of the founding of Coinbase in a San Francisco apartment in 2012 went viral as the cryptocurrency firm went public and its value reached as much as $112bn. The company became the first major cryptocurrency firm to go public on Wednesday, riding a surge in the popularity of bitcoin. Coinbase shares opened at $381 on the Nasdaq Global Select Market on Wednesday morning, and bounced as high as $429 in its first few minutes of trading,...


Do you accrue holiday on furlough?

FURLOUGHED employees are paid 80 percent of their wages by the Government, but do workers still accrue holiday while they are on furlough?


Geely's EV unit Polestar raises $550 million, company says

Geely's EV unit Polestar raises $550 million, company says


UK finance lobby urges rules rethink to unlock capital for COVID-19 recovery

UK finance lobby urges rules rethink to unlock capital for COVID-19 recovery


Oil holds near one-month highs as demand forecasts raised

Oil holds near one-month highs as demand forecasts raised


U.S. digital ads spur Publicis' return to growth

U.S. digital ads spur Publicis' return to growth


How high will Coinbase stock go? Cryptocurrency firm soars past $112 billion in IPO

Coinbase stock soared to value the company at a high of $112bn as it became the first major cryptocurrency company to go public. The company is the largest US crypto exchange and provides a string of financial services based on bitcoin and 50 other cryptocurrencies. Coinbase shares opened at $381 on the Nasdaq Global Select Market on Wednesday morning, and quickly rose as high as $429 in its first few minutes of trading. The price of the stock...


Digital currency exchange Coinbase value tops £80bn on its New York stock market debut

In one of the most exciting flotations for a decade, Coinbase shares were expected to open at $250 but instead started trading at $381 before reaching $429. That valued the company at £81bn.


Regions drive 5.7% surge in house prices amid pandemic property boom

House prices in Wales and the North West have led Britain's pandemic property boom as homebuyers shunned cities in favour of more space.


Decline in UK marketing budgets slows amid rebound hopes

Cuts to UK marketing budgets eased in the first quarter, sparking hopes that the easing of Covid-19 restrictions could pave The post Decline in UK marketing budgets slows amid rebound hopes appeared first on CityAM.


Coinbase launch: how two crypto geeks beat the giants of Wall Street

As Coinbase floated on the stock market today with a valuation topping $100 billion, a question for Barclays, JPMorgan, Goldman Sachs and the rest: “Guys, why didn’t you do this first?” After all, Coinbase does most of what an investment bank does, but for cryptocurrencies like Bitcoin and Ethereum. It holds your bitcoins for you like a custodian bank, puts you together with buyers and sellers like an over-the-counter broker, and makes markets....


Coinbase shares jump 50 per cent on debut, valuing it at $100bn

Coinbase shares jump 50 per cent on debut, valuing it at $100bn The post Coinbase shares jump 50 per cent on debut, valuing it at $100bn appeared first on CityAM.