The UK’s economy bounced back from recession in July to September, but growth showed signs of slowing down at the end of three months. Growth of 15.5 per cent from July to September after a six-month slump induced by the first coronavirus lockdown was the biggest on record according to the Office for National Statistics…
Stock Markets have rocketed on the hopes of potential breakthrough in the search for a vaccine against Covid-19. Drugs firm Pfizer’s own shares climbed 9 per cent after it had that preliminary analysis indicated that its coronavirus vaccine was 90 per cent effective. The owner of British Airways, International Airlines Group (IAG) rose 40…
Sir Giles Gilbert Scott grew to become one of the most prominent and influential English architect of the 20thcentury famous for his works on the new on the New Bodieian Library, Cambridge University Library, Lady Margaret Hall, Oxford,, Battersea Power Station, Liverpool Cathedral and designing the iconic red telephone box. Sir Gilbert Scott born on…
Pfizer and BioNTech have tested their first effective coronavirus vaccine on 43. 500 people spanning six countries and so far no safety concerns have been raised. Preliminary analysis reveal the vaccine can prevent more than 90 per cent of people from getting Covid-19.The companies plan to apply for emergency approval to use the vaccine by…
In 1719 London, the year began well enough for London’s stock traders, working from their corner of the city, a narrow passage called Exchange Alley, buying and selling shares-dealing not in things but in numbers – was still new to the city. There was no fixed marketplace for traders in the paper. So those who…
While Covid-19 lockdown is going on there is a boom in London’s takeovers as a £7bn bid for insurance giant RSA was followed by deals in property, food and tech sectors, which drove up shares in Aviva and Hiscox. Wellcome Trust’s investment arm snapped up property group Urban and Civic for £506m and Mr Kipling…
Volkswagen-owned Bentley plans to go fully electric by 2030 and would offer a range of plug-in hybrid or battery electric cars by 2026, as the company aims to be completely carbon neutral across its manufacturing within a decade. Adrian Hallmark, Bentley’s CEO said “ Within a decade, Bentley will transform from a 100-year-old luxury car…
The Furlough scheme will be extended until the end of March 2021, Chancellor Rishi Sunak has announced. The scheme in which employees receive four-fifths of their current salary up to maximum of £2, 500 of hours not worked was originally scheduled to end last month, but was extended when Prime Minister Boris Johnson announced a…
Andrew Bailey the Governor of Bank of England has vowed to do “everything we can” to support the economy amid a resurgence of Covid-19 and said It was important that policymakers acted “quickly and strongly”, as the Bank announced a further £150bn of support, as lockdown could lead to a slower and bumpier recovery. The…
Sainsbury has announced 3, 500 job losses mainly from the Argos chain it bought in 2016 and close 420 Argos stores by March 2024, but open new 150 outlets in Sainsbury’s stores. Job losses are also in the supermarkets with the closure of its delicatessens and fresh fish and meat counters. Sainsbury’s said that the120…