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Dr Martens To Get Foot In The Stock Market Door

Iconic British footwear brand Dr Martens recently confirmed plans to float on the London market and become a publicly listed company after 60 years in business. In one of the first big IPO moves of 2021, the considered stock market listing will consist of a sale of shares currently held by private equity group Permira, […]

2020 UK Car Sales: Lowest Demand For 30 Years

Sales of new cars in the UK last year dropped to their lowest point since 1992, according to a report from the Society of Motor Manufacturers and Traders (SMMT). The total sales of 1.63 million cars, with demand suppressed by COVID-19 and uncertainty of our future relationship with the EU, represents a tumble of 29 […]

Brexit Causes Biggest Trading Shift In Decades For Europe

Trading in Europe underwent its biggest shift in decades at the start of January when the UK fully exited the EU and Europe’s financial services shift focus away from London. The EU is aiming to reduce reliance on London as a financial trading centre, instead concentrating on euro-based trading in cities like Frankfurt, Paris, and Amsterdam. […]

£500m Business Rate Ruling: Can Rebate Save Offices?

White-collar firms in the UK have been thrown a lifeline after an interim ruling by the Valuation Office Agency could save UK businesses £481 million. The decision means that offices who appealed bills for business rates will get a quarter of the cost back in the form of a rebate. Office Exemption The move comes […]

Further Retail Woes With Tier 4 Measures

The UK’s retail sector is likely to face up to £2bn per week in lost sales according to the British Retail Consortium. The lost sales are down to the stop and start impact of Covid-19 regulations, and the latest Tier 4 lockdown is the third time this has happened in 2020. Tier 4 Rules Under […]

Eight FTSE Companies Fail To Reveal Climate Data

As the British government prepares to compel companies to be more transparent about their carbon emissions, eight FTSE 100 companies have refused to report their climate impact. Leading Brands Refuse This includes well-known brands such as Rolls-Royce, BP, Melrose, and Glencore ignoring demands from increasingly environmentally conscious investors to disclose their carbon footprint. Shareholders, governments […]

British Ports Struggle With Backlog

In the run-up to Brexit, British ports are struggling to cope and the resulting bottleneck is causing shortages for multiple industries. The new variant in COVID 19 has made matters worse, with many countries closing their borders to the UK. Disruption The construction industry has reported shortages on various crucial supplies, from lumber and nails […]

Pub Companies Take The Biggest Hit As UK Stocks Tumble

The FTSE tumbled on the back of the UK government’s announcement of new Covid-19 restrictions for England. After the announcement, the benchmark FTSE 100 index fell by 0.55% to 6,355, with midcaps taking it even harder, the FTSE 250 dropping to 19,340, a fall of 1.17%. Pubs Under Pressure Unsurprisingly, stocks in the pub and […]

Defiant Trump Clamps Down On Firms With Chinese Military Connections

An Executive Order from outgoing United States President Donald Trump has banned US investment in Chinese companies which it says have connections with the Chinese military. Investment Block The move, which cites 31 companies listed by the Pentagon earlier in 2020, prevents pension funds, investors and US businesses from investing in these Chinese organisations. It’s […]

Embattled Royal Mail Relying On Pandemic Parcels For Revival

The half-year results for Royal Mail reveal an operating loss of £20 million, but the group says a record growth in parcel deliveries – driven by the global coronavirus pandemic – means it remains in robust health. Yet while online retailers and delivery logistics firms have been posting record profits and results, Royal Mail’s pre-tax […]

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