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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...


Dream homes that have been given away for free

When it comes to buying a dream home, you don't always need millions in the bank. These stunning homes have all been given away for next to nothing. Prepare to be green with envy...


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.


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


Buying from EU retailers post-Brexit: Delays, extra paperwork and surprise charges

Nearly half of all UK consumers who bought goods from EU-based retailers since the end of the Brexit transition period The post Buying from EU retailers post-Brexit: Delays, extra paperwork and surprise charges appeared first on CityAM.


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.


Small suppliers must be part of 5G network after Huawei, ministers told

Small suppliers must be part of 5G network after Huawei, ministers told


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.


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

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


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.


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.


New all-time high hailed with the cry: "Pay me in Bitcoin!"

The trend of getting paid in Bitcoin could be the beginning of a new wave of retail and institutional investment. The post New all-time high hailed with the cry: "Pay me in Bitcoin!" appeared first on CityAM.


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

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


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


Stop irrational spending with these research-based tricks

The field of behavioural economics looks at how people make economic decisions, taking into account human psychology and fallibility. It says that humans aren’t rational creatures that act in their own self-interest, but rather, they’re emotional and often prone to mental error. Over the years, researchers in the field have suggested some interesting concepts, many of which have practical applications. Here are a few that could save you money.


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...


British Army Soldiers Told To Stop Using Words like "Gents", "Men" And "Lads"

The terms are incompatible with the British military's diversity and inclusion standards


Babcock cuts 1000 jobs and writes-off £1.7 billion in blow to defence sector

THERE was a blow to Britain’s manufacturing sector today when Babcock International said it would cut 1000 jobs and take a £1.7 billion hit to its finances. New management at the storied engineer – a key player in both World Wars and a major supplier to the Ministry of Defence – say the business is worth less than the City once thought. CEO David Lockwood and CFO David Mellors arrived from Cobham, replacing under-fire Archie Bethel and Franco...


Brussels opposes UK entry to the Lugano Convention legal pact

Brussels is pushing for the UK to not be able to join the Lugano Convention, an international legal pact, after The post Enforcement of judgments: Brussels opposes UK entry to the Lugano Convention legal pact appeared first on CityAM.


More than 1.3m households to see the biggest energy bill shock for nearly two years with costs typically rising £244 a year - here's how to dodge it

Some 56 fixed deals are finishing this month, with more than 1.3m homes facing a £324m rise to bills in total, according to data from Uswitch.


JD Sports beats profit forecasts and looks forward to a sales surge this year as stores reopen after lockdown

JD Sports has posted a small drop in annual profits, but they still came in ahead of market expectations as sales rose despite stores remaining closed for several months due to the pandemic.


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.


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.


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.


Bitcoin price hits all-time high amid crypto market frenzy

The price of bitcoin reached above $62,000 on Tuesday for the first ever time to hit a new all-time high. The cryptocurrency has experienced massive gains over the last year, having risen in value by more than 1,000 per cent since last April. At the time of writing, bitcoin was trading at around $62,600, according to CoinMarketCap’s price index, having peaked at $62,839.52. Other cryptocurrencies, including ethereum (ether) and dogecoin, have...


Deliveroo announces new partnership with Sainsbury's in cities including Edinburgh and Glasgow

Deliveroo’s partnership with Sainsbury’s will now expand nationwide to cities including Edinburgh and Glasgow following a successful trial which saw customers using the app to order from the supermarket, it has been reported.


Pomp and a secretive whale lead big players flocking to Sovryn

Bitcoin-based decentralized finance protocol Sovryn, has agreed a $9M investment from a consortium of partners led by popular advisor Anthony Pompliano. The post Pomp and a secretive whale lead big players flocking to Sovryn appeared first on CityAM.


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.


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?


Three in four buyers delayed new car purchases due to lockdown

News comes amid turmoil in the new car market.


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".


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.


'Brexit more popular than ever' Remainers lose faith in EU as new poll shows support drop

BREXIT is "more popular" than it has been since the 2016 referendum, YouGov pollster Peter Kellner said after a new survey canvassed support for the European Union in light of the coronavirus pandemic.


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.


Drifting apart? European firms battle to reach UK clients

Drifting apart? European firms battle to reach UK clients


Bitcoin hits record high ahead of Coinbase IPO tomorrow

Bitcoin hit a record high of $62,839 this morning, marking yet another record this year for the world’s most popular The post Bitcoin hits record high ahead of Coinbase IPO tomorrow appeared first on CityAM.


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.


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


Quiz expects a boost from post-pandemic celebrations

The women’s clothing retailer said that on its website that brighter days are ahead.


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.


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


Exclusive: 'London's fintech bubble is close to popping,' warns Reed Smith partner

A coalition of London fintech firms recently called on the Financial Conduct Authority to end the dominance of banks over The post Exclusive: 'London's fintech bubble is close to popping,' warns Reed Smith partner appeared first on CityAM.


Exports to EU bounce back in February after record fall

The Office for National Statistics revealed that exports to the EU increased by £3.7bn – or 46.6% – following a £5.7bn decline in January.


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?


Southampton players 'will get bonuses in BITCOIN as part of new deal'

The Saints, currently 14th in the Premier League, are said to have agreed terms on a three-year deal with Coingaming Group, a hub for bitcoin gaming brands, as the club's main partner.


Fun-seekers defy freezing temperatures as life takes step towards normality

THOUSANDS of fun-seekers defied the April snow showers and freezing temperatures as life took a step towards normality yesterday - with people going back to the places that "stitch and thread our communities together".


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.


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).


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.


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.