Business news

• Stocks seen buoyant, dollar likely to extend losses

  08-11-2020 23:45 via uk.finance.yahoo.com
  
  Stocks are expected to stay buoyant on Monday while the dollar is seen likely to extend its downward trend as Democrat Joe Biden won the U.S. presidential election in a move that analysts say would prop up risk assets.The outcome was largely priced in by markets, which had been trading with the view of a Biden presidency and a Republican-controlled U.S. Senate late last week."This combination, of course, likely means a Biden presidency's ambitions will be curtailed in a grid-locked political sce
  
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• Stocks higher, dollar extends losses on Biden win

  08-11-2020 23:45 via uk.finance.yahoo.com
  
  Wall Street stock futures started strong on Monday while the dollar extended its downward trend as risk assets got a boost on expectations of fewer regulatory changes and more monetary stimulus under U.S. president-elect Joe Biden.The Democratic candidate's victory at the U.S. Presidential election was largely priced in by markets, which had been trading with the view of a Biden presidency and a Republican-controlled U.S. Senate late last week."What appears to be divided government at this point
  
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• Risk assets cheer Biden win, dollar nurses losses

  08-11-2020 23:45 via uk.finance.yahoo.com
  
  Shares surged, oil prices jumped and the U.S. dollar remained weak on Monday as expectations of fewer regulatory reforms and more monetary stimulus under U.S. President-elect Joe Biden supported risk appetite.The Democratic candidate's election victory was already largely priced in by markets, which had been trading with the view of a Biden presidency and a Republican-controlled U.S. Senate since last week.E-mini futures for the S&P 500jumped more than 1.5% on Monday while Nasdaq futuresrall
  
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• Biden win pumps up risk assets, dollar nurses losses

  08-11-2020 23:45 via uk.finance.yahoo.com
  
  Shares surged, oil prices jumped and the dollar stayed weak on Monday as expectations of fewer regulatory changes and more monetary stimulus under U.S. president-elect Joe Biden supported risk appetite.The Democratic candidate's victory at the U.S. Presidential election was largely priced-in by markets, which had been trading with the view of a Biden presidency and a Republican-controlled U.S. Senate since last week.MSCI's broadest index of Asia Pacific shares outside of Japanjumped 1.3% to 613.
  
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• FTSE set to climb after Biden victory – live updates

  08-11-2020 22:57 via uk.finance.yahoo.com
  
  Scrap air passenger taxes or risk 8,000 jobs, MPs tell Sunak FTSE set to rise Asian markets climb Forget negative rates, it's time to start listening to the economists Sign up here for our daily business briefing newsletter
  
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• Tech giants pledge to act on vaccine disinformation after Government pressure

  08-11-2020 22:39 via uk.finance.yahoo.com
  
  US tech giants have agreed to a series of UK government measures to tackle vaccine misinformation on their platforms. In a virtual roundtable with government ministers, Facebook, Twitter and Google said they would commit in-principle to the idea that no company should "profit from or promote" COVID-19 anti-vaccine disinformation. The platforms also pledged to respond more quickly to content that was flagged and promote scientifically accurate messages. The meeting, which also included fact-check
  
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• Nissan plots digital course for car sales in a post-pandemic world

  08-11-2020 22:05 via uk.finance.yahoo.com
  
  As COVID-19 threw a wrench into the cogs of car retailing, a senior Nissan board member challenged the chief operating officer to explain what the automaker was doing to adapt to a new era where customers may be reluctant to roam showrooms.The operating chief, Ashwani Gupta, told the board meeting in late July that Nissan was racing to create a "complete, end-to-end digital journey", according to three people familiar with the discussions.The number of cars sold via Nissan's websites in China, E
  
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• Mike Ashley complains of being ‘frozen out’ of auction for rival’s brands

  08-11-2020 19:52 via uk.finance.yahoo.com
  
  Mike Ashley’s Frasers has hit out at being “frozen out” of the auction for three Edinburgh Woollen Mill brands. A source close to Frasers, which owns Sports Direct, House of Fraser and Evans Cycles, said they expressed interest in Jaeger, Peacocks and Edinburgh Woollen Mill brands, part of Philip Day’s retail empire, which have been put up for sale. The Edinburgh Woollen Mill brand collapsed on Friday. But insolvency consultants at FRP Advisory, who have been looking for
  
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• Scrap air passenger taxes or risk 8,000 jobs, MPs tell Rishi Sunak

  08-11-2020 18:59 via uk.finance.yahoo.com
  
  Twenty-nine MPs and peers have written to Rishi Sunak to urge him to scrap air passenger taxes for a year or risk losing nearly half the air routes that could be otherwise saved and 8,000 jobs. In their letter to the Chancellor, exclusively revealed to The Telegraph, the 29 - nearly half of whom are Conservative including three former ministers - said that the move could encourage an extra 21 million passengers to travel once the UK came out of lockdown. A research report by York Aviation also s
  
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• Canada's GardaWorld extends G4S £3bn bid deadline by three weeks

  08-11-2020 18:56 via uk.finance.yahoo.com
  
  G4S shareholders now have three weeks to consider the 190p-per-share offer after the deadline was pushed from 7 November to 28 November.
  
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• Canada's Gardaworld extends offer for UK's G4S

  08-11-2020 18:47 via uk.finance.yahoo.com
  
  The offer will remain open for acceptance until Nov. 28, GardaWorld said in a statement."We are extending our offer for G4S because, despite its past problems and uncertain future, we believe we can turn the business around," GardaWorld's Chief Executive Stephan Cretier said.G4S, one of the world's largest private security firms, had rejected GardaWorld's 190 pence per share offer valuing the company at 2.97 billion pounds, calling it "unattractive and opportunistic".
  
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• UK firms fear losing access to bounce back loans after lender Tide runs dry

  08-11-2020 18:38 via uk.finance.yahoo.com
  
  UK firms fear losing access to bounce back loans after lender Tide runs dry. Exclusive: Almost 100 borrowers may struggle to survive winter unless lender wins new funding
  
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• Ex-ministers urge Foreign Office to protect British whistleblower

  08-11-2020 18:32 via uk.finance.yahoo.com
  
  Caroline Nokes, the former Home Office minister, will Monday seek an urgent debate in Parliament to demand the Foreign Office take immediate action to protect a British whistleblower trapped in Croatia by a “politically motivated” and “vengeful” extradition request. The move is being backed by former Cabinet ministers David Davis and Andrew Mitchell and former Labour minister Margaret Hodge who want the Foreign Secretary to intervene on behalf of Jonathan Taylor, a whistl
  
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• Coronavirus: Hauliers included in Denmark restrictions

  08-11-2020 18:28 via bbc.co.uk
  
  Rules for travel from Denmark were tightened after a coronavirus strain spread from mink to humans.
  
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• Homebound workers inject life into suburban malls after downtowns empty out

  08-11-2020 18:24 via uk.finance.yahoo.com
  
  As the coronavirus pandemic rages and most downtown office employees in many cities work from home at least through year-end, urban retailers' loss is turning out to be suburban shopping centres' gain.For many years, downtown malls have been more profitable, attracting office-goers and tourists congregating in city centres, while suburban malls have been relegated to the role of poor relations."A lot of people who used to commute to downtowns on a daily basis are not anymore," said Tim Sanderson
  
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• Airbnb in firing line for tougher EU regulation

  08-11-2020 18:24 via uk.finance.yahoo.com
  
  Now, EU regulators are preparing to introduce their first big overhaul for internet companies in 20 years, judging them by which platforms act as “gatekeepers,” according to reports in the Financial Times.
  
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• Berlin's Cold War lifeline Tegel finally closes

  08-11-2020 17:18 via uk.finance.yahoo.com
  
  Berlin's beloved Cold War-era Tegel airport finally closed its doors Sunday after a last flight took off, one week after a much-delayed replacement hub opened on the other side of the German capital.
  
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• SocGen to announce 650 job cuts in France, Les Echos reports

  08-11-2020 17:11 via uk.finance.yahoo.com
  
  French bank Societe Generaleis set to cut 650 jobs in France, mainly in its investment banking division, French business newspaper Les Echos reported on Sunday.The bank is to announce the cuts on Monday after meeting union representatives on Friday, the business daily reported, adding that more reductions could follow in its retail business.The bank reported on Thursday it had returned to profit in the third quarter, helped by a recovery in its markets business, after accelerating efforts to ove
  
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• The energy source industrialists hope will fuel the economy

  08-11-2020 17:09 via uk.finance.yahoo.com
  
  With its Stingray-esque figure and wings that merge into its body, the Airbus ZEROe concept airplane is a sleek, white vision of the future. The plane-maker hopes the hydrogen-fuelled model could be in the sky within 15 years, carrying up to 200 passengers as the “world’s first” zero emissions plane. “This is a historic moment for the commercial aviation sector,” Guillaume Faury, Airbus’s chief executive, proclaimed as he unveiled the model in September, addin
  
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• Ireland’s trading future lies beyond the UK after Brexit

  08-11-2020 17:04
  Exporters will ship through, over and around the UK as they diversify to Asia and the EU
  
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• Landlords accuse Clarks of abusing insolvency processes

  08-11-2020 16:37 via uk.finance.yahoo.com
  
  Last week, Hong Kong-based private equity giant LionRock Capital, pledged a £100m investment, conditional on the CVA being approved and passes without any legal challenges.
  
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• Boris Johnson signals momentum in Brexit talks

  08-11-2020 16:20 via uk.finance.yahoo.com
  
  Johnson’s most recent comments suggest that the feeling was mutual in Brussels that the broad outline of the agreement is “pretty clear.”
  
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• GardaWorld extends G4S bid deadline after ‘derisory’ response

  08-11-2020 16:15 via uk.finance.yahoo.com
  
  GardaWorld has extended its hostile bid for G4S after only 0.16pc of the British security firm's investors accepted the Canadian group's £3bn offer ahead of its deadline on Saturday. Shareholders in the FTSE 250 business now have an extra three weeks to consider the 190p-a-share approach from GardaWorld, after the deadline was pushed from Nov 7 to Nov 28. G4S has consistently labelled GardaWorld's offer “wholly inadequate”, saying it fails to reflect the company’s value,
  
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• Fitness industry bosses call for post-lockdown VAT relief and say: ‘We are an essential service’

  08-11-2020 16:08 via uk.finance.yahoo.com
  
  Fitness industry bosses have called for additional sector-specific support and attacked the Government's approach to the leisure industry as "a disgrace" as the new lockdown came into force.Under the latest Covid-19 restrictions implemented on Thursday, hairdressers, beauty businesses and gyms were classified as "non-essential" services alongside segments of retail and required to close until December 2.London's fitness industry leaders told the Standard they are furious the Government chose to
  
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• US election results: NBA players react to Joe Biden becoming the next US President

  08-11-2020 16:07 via ibtimes.co.uk
  
  NBA players actively encouraged fans to exercise their voting rights.
  
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• Covid-19 update: Unanswered questions about safety protocols for upcoming NBA season

  08-11-2020 15:56 via ibtimes.co.uk
  
  Arenas are to be filled only to 25-50% of capacity, and all court-side seats will remain unfilled.
  
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• Why I’d buy UK shares in an ISA instead of gold to get rich during the economic downturn

  08-11-2020 15:12 via uk.finance.yahoo.com
  
  Thinking about buying gold today? Royston Wild explains why he feels buying UK shares in a Stocks and Shares ISA could be a better idea.
  The post Why I’d buy UK shares in an ISA instead of gold to get rich during the economic downturn appeared first on The Motley Fool UK.
  
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• Banks creak under weight of demand as businesses and homebuyers rush for loans

  08-11-2020 15:12 via uk.finance.yahoo.com
  
  Businesses are flocking to apply for lifeline cash in order to cope with the second national lockdown as banks face a fresh flood of loan applications. UK lenders have so far dished out more than £60bn under the Government’s coronavirus loan schemes, which were due to close at the end of this month but have been extended to the end of January as a result of the current four-week lockdown. Sources at taxpayer-backed NatWest said applications are now as high as they were in June, while
  
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• My partner and I are in a gender war. How high should you put the central heating?

  08-11-2020 15:00 via uk.finance.yahoo.com
  
  My partner and I are in a gender war. How high should you put the central heating?Our heating isn’t working, so my spouse has been making an ideological case against it. All I want is one simple thing: not to be too cold
  
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• How financial services watchdog has reacted to UK consumer worries in Covid

  08-11-2020 14:30 via uk.finance.yahoo.com
  
  How financial services watchdog has reacted to UK consumer worries in Covid. Chief ombudsman Caroline Wayman highlights financial challenges for people during pandemic
  
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• Forget retiring early with Bitcoin! I’d invest money in bargain shares today to get rich

  08-11-2020 14:16 via uk.finance.yahoo.com
  
  I think investing money in bargain shares could lead to higher long-term returns than holding virtual currencies such as Bitcoin.
  The post Forget retiring early with Bitcoin! I’d invest money in bargain shares today to get rich appeared first on The Motley Fool UK.
  
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• Johnson says EU trade deal is 'there to be done'

  08-11-2020 14:08 via uk.finance.yahoo.com
  
  British Prime Minister Boris Johnson said on Sunday a trade deal with the European Union was "there to be done", suggesting his view that the agreement's broad outline was already "pretty clear" was shared in Brussels.The chief negotiators, the EU's Michel Barnier and Britain's David Frost, will resume talks in London on Monday to "redouble efforts to reach a deal", Johnson's office has said."I've always been a great enthusiast for a trade deal with our European friends and partners," Johnson to
  
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• Have £100 to invest each month? I’d buy cheap UK shares in an ISA after the stock market crash

  08-11-2020 14:06 via uk.finance.yahoo.com
  
  The stock market crash could provide opportunities for ISA investors to capitalise on cheap UK shares, I believe.
  The post Have £100 to invest each month? I’d buy cheap UK shares in an ISA after the stock market crash appeared first on The Motley Fool UK.
  
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• Stock market crash: I’d start investing £1,000 a month in UK shares today to make a million

  08-11-2020 14:04 via uk.finance.yahoo.com
  
  The stock market crash may present buying opportunities for investors in UK shares who are seeking to make a million, in my opinion.
  The post Stock market crash: I’d start investing £1,000 a month in UK shares today to make a million appeared first on The Motley Fool UK.
  
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• The relief of Biden's win will be tempered by economic headwinds

  08-11-2020 13:57 via uk.finance.yahoo.com
  
  The relief of Biden's win will be tempered by economic headwinds. The president-elect is unlikely to buy the the argument that he should have been more radical
  
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• I’d follow Warren Buffett’s tips when investing money in a Stocks and Shares ISA to get rich

  08-11-2020 13:54 via uk.finance.yahoo.com
  
  Following Warren Buffett’s simple advice could improve a Stocks and Shares ISA investor’s long-term returns, in my opinion.
  The post I’d follow Warren Buffett’s tips when investing money in a Stocks and Shares ISA to get rich appeared first on The Motley Fool UK.
  
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• EU will watch Biden's biggest battleground — Big Tech

  08-11-2020 13:52 via uk.finance.yahoo.com
  
  The dominance of big tech firms such as Google, Facebook and Amazon has angered US, UK and EU politicians who have all suggested their own plans to tackle the industry.
  
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• Pandora paying all staff in full through pandemic

  08-11-2020 13:22 via bbc.co.uk
  
  The world's largest jeweller has no plans for permanent store closures despite the impact of Covid-19.
  
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• How I’d retire early on a passive income from UK shares with just £50 a week

  08-11-2020 13:01 via uk.finance.yahoo.com
  
  Investing modest amounts of money in UK shares on a regular basis could lead to a surprisingly generous passive income in the long run, in my view.
  The post How I’d retire early on a passive income from UK shares with just £50 a week appeared first on The Motley Fool UK.
  
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• Millions of self-employed left out of latest UK support scheme

  08-11-2020 13:00
  ‘Badly targeted’ approach excludes many of the hardest hit while boosting others, research suggests
  
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• How I’d invest £10k in an ISA to make a million by retirement

  08-11-2020 12:41 via uk.finance.yahoo.com
  
  Rupert Hargreaves explains the strategy he's following to make a million for retirement by using the stock market and an ISA.The post How I’d invest £10k in an ISA to make a million by retirement appeared first on The Motley Fool UK.
  
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• Why I’d ditch buy-to-let property and follow Warren Buffett’s investment tips

  08-11-2020 12:38 via uk.finance.yahoo.com
  
  As the potential returns from buy-to-let property fall, I'm following Warren Buffett and buying high-quality blue-chip stocks.The post Why I’d ditch buy-to-let property and follow Warren Buffett’s investment tips appeared first on The Motley Fool UK.
  
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• Sunak mulls UK public listings overhaul to lure tech 'unicorns'

  08-11-2020 12:18 via uk.finance.yahoo.com
  
  Sky’s sources said that Lord Johnathan Hill, former UK commissioner to the EU and a non-executive director of the Treasury, is in the process of being lined up to lead it.
  
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• Stock market crash! Why I’d buy these UK shares now to get rich

  08-11-2020 12:07 via uk.finance.yahoo.com
  
  Following this year's stock market crash, these UK shares remain cheap, and I think this could be a once-in-a-lifetime opportunity to get rich.The post Stock market crash! Why I’d buy these UK shares now to get rich appeared first on The Motley Fool UK.
  
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• NBA Draft 2020: Who are the top international players up for grabs

  08-11-2020 12:01 via ibtimes.co.uk
  
  Two international players stand out over the rest: Deni Avdija of Israel and Killian Hayes from France.
  
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• Forget the Bitcoin price! Here’s how I’d invest £10k to make a million

  08-11-2020 11:48 via uk.finance.yahoo.com
  
  This Fool explains why he's more interested in high-growth tech stocks over the Bitcoin price to build wealth in the long term.The post Forget the Bitcoin price! Here’s how I’d invest £10k to make a million appeared first on The Motley Fool UK.
  
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• I’d follow Warren Buffett’s stock tips to get rich and retire early

  08-11-2020 11:45 via uk.finance.yahoo.com
  
  Here's how I think following Warren Buffett’s advice can help me invest my way to a nest egg large enough to retire early.
  The post I’d follow Warren Buffett’s stock tips to get rich and retire early appeared first on The Motley Fool UK.
  
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• US election: Biden is going to put the US-UK 'special relationship' to the test

  08-11-2020 11:42 via uk.finance.yahoo.com
  
  How pro-EU Biden's values and policies on climate, trade, and others stack up against Boris Johnson and his government.
  
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• US election: Merkel and the German media celebrate Biden victory

  08-11-2020 11:03 via uk.finance.yahoo.com
  
  Germany's biggest tabloid says 'Biden celebrates, the world exhales.'
  
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• Stock market crash: I’d buy UK shares in an ISA today for once-in-a-lifetime returns

  08-11-2020 10:50 via uk.finance.yahoo.com
  
  Today’s cheap UK shares could deliver recoveries after the stock market crash, in my opinion. They may prove to be once-in-a-lifetime opportunities.
  The post Stock market crash: I’d buy UK shares in an ISA today for once-in-a-lifetime returns appeared first on The Motley Fool UK.
  
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