News And Announcements
Autumn redundancies in UK could exceed 700,000
The Covid-19 pandemic could lead to around 700,000 redundancies in the autumn of 2020, revealed the latest analysis from the Institute for Employment Studies.
UK should become global leader in climate action - CBI
The UK should take more action in the fight against climate change and become a global leader on the matter, the CBI Director-General Carolyn Fairbairn will say on Monday.
UK shares won't make up lost ground - Capital Economics
UK shares will not continue to underperform but they will fail to make up the ground lost to other countries, Capital Economics said as it cut forecasts for the FTSE 100 in 2020 and 2021.
Think tank warns house prices could fall 14% in 2021
House prices could fall by as much as 14% next year, according to analysis by the Centre for Economics and Business Research, hurt by the long-term economic impact of Covid-19.
Softbank sells chip designer Arm to Nvidia for $40bn
Japan’s SoftBank said it had agreed to sell Arm Holdings to Nvidia for $40bn, just four years after buying the chipmaker.
London City airport considers 239 job cuts
London City airport is planning to cut up to 239 jobs - more than a third of its workforce - because of reduced passenger numbers caused by Covid-19.
FCA extends help on mortgages but deferrals to be recorded
The Financial Conduct Authority (FCA) has confirmed further support for mortgage holders if they face payment difficulties due to the coronavirus pandemic, but their credit files will be marked as a result.
BP says oil may have peaked in 2019
Global oil demand may have already peaked with little chance of a recovery from the slump caused by the coronavirus crisis, oil major BP said on Monday.
Eurozone industrial production rises at slower pace
Eurozone industrial production rose in line with expectations in July as Covid-19 but economists warned the rebound was fizzling out.
Retail footfall suffers as schools reopen and workers stay home
UK retail footfall declined sharply last week, data published on Monday showed, as children returned to school and people continued to work from home.
Lloyds Bank at centre of hedge fund battle - report
Lloyds Banking Group is at the centre of a tussle between hedge funds based largely on the prospects for the UK's economy, the Financial Times reported.