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Are we on the verge of a ‘Taper Tantrum’? asks ALEX SEBASTIAN: It is inflation rather than the GameStop saga that will determine how long the US stock market’s gains can keep coming By Alex Sebastian for This is Money Published: 10:37 GMT, 18 February 2021 | Updated: 10:40 GMT, 18 February 2021 The recent … Read more
Gucci suffered a Christmas sales slump as super-rich tourists were forced to stay home By Tom Witherow For The Daily Mail Published: 22:05 GMT, 17 February 2021 | Updated: 22:30 GMT, 17 February 2021 Gucci sales fell over Christmas as the collapse in super-rich tourists heading to London, Paris, Milan and New York hit business … Read more
Woodford under fire over new role: Disgraced money man is now advising the US fund that bought his assets at knockdown prices By Lucy White For The Daily Mail Published: 22:03 GMT, 17 February 2021 | Updated: 22:22 GMT, 17 February 2021 Neil Woodford faces calls to open up about his new role with a … Read more
Rishi Sunak’s £400bn balancing act: With the Budget fast approaching, here’s how the Chancellor can raise revenues without wrecking the Covid recovery By Douglas Mcwilliams Founder Of The Centre For Economic And Business Research Published: 22:06 GMT, 17 February 2021 | Updated: 22:06 GMT, 17 February 2021 The last new tax proposed by an economist … Read more
MARKET REPORT: Construction firm Costain soars after striking a deal with the Welsh government over Breacon Beacons road By Francesca Washtell For The Daily Mail Published: 22:06 GMT, 17 February 2021 | Updated: 22:06 GMT, 17 February 2021 Relieved investors sent construction contractor Costain higher after it drew a line under a problematic project. The … Read more
Treasury campus in ‘overlooked’ Teesside is a ‘golden opportunity’ to level up the North, say business leaders By Matt Oliver For The Daily Mail Published: 22:06 GMT, 17 February 2021 | Updated: 22:06 GMT, 17 February 2021 More than 100 business leaders have called for the Treasury’s new northern campus in ‘overlooked’ Teesside. In a … Read more
Rio Tinto to pay largest dividend in its 148-year history: Investors set for a record £6.5bn windfall amid global mining boom By Francesca Washtell For The Daily Mail Published: 22:05 GMT, 17 February 2021 | Updated: 22:05 GMT, 17 February 2021 RioTinto will hand investors the largest dividend in its 148-year history as it cashes … Read more
British American Tobacco becomes latest firm to hike its dividend after posting a 10% rise in annual profits By Daily Mail City & Finance Reporter Published: 22:04 GMT, 17 February 2021 | Updated: 22:04 GMT, 17 February 2021 British American Tobacco (BAT) is the latest firm to hike its dividend after a 10 per cent … Read more
The pandemic has produced some of the fastest turnarounds in history. Pharma companies Pfizer and Astrazeneca reduced the vaccine development cycle from a decade to less than a year. And City traders quickly learned that it wasn’t necessary to be in Canary Wharf to drive markets to commanding heights. Commercial transformation to digital has been … Read more
Private equity firm CVC seeks to cash in on the Covid fight by investing in firms running the vaccine rollout By Daily Mail City & Finance Reporter Published: 22:04 GMT, 17 February 2021 | Updated: 22:04 GMT, 17 February 2021 CVC Capital Partners has reportedly snapped up stake in firms involved in running the computer … Read more