Business news

• FTSE to open slightly higher as vaccine rally runs out of steam – live updates

  10-11-2020 23:35 via uk.finance.yahoo.com
  
  Plunge in foreign-born workers as Covid destroys jobs FTSE 100 set to rise US stocks slipped in a tech selloff while global Covid cases rise Johan Lundgren: The pandemic cannot derail airlines’ push for a greener future Sign up here for our daily business briefing newsletter
  
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• FTSE rises for eighth day as vaccine rally loses steam – live updates

  10-11-2020 23:35 via uk.finance.yahoo.com
  
  FTSE 100 rises slightly to mark eight consecutive session of gains Wetherspoon boss warns restrictions on pubs could last for years BAE Systems says trading in line with guidance Plunge in foreign-born workers as Covid destroys jobs Johan Lundgren: The pandemic cannot derail airlines’ push for a greener future Sign up here for our daily business briefing newsletter
  
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• Santas given video-call training for a socially-distanced Christmas

  10-11-2020 23:00 via uk.finance.yahoo.com
  
  A new app called Santa HQ will allow children to virtually visit Santa's grotto.
  
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• Markets report: Persimmon dips despite dividend offer

  10-11-2020 22:38 via uk.finance.yahoo.com
  
  Homebuilding giant Persimmon shed 108p to £26.82 yesterday despite declaring another interim dividend payment thanks to resilient demand for new homes. It will pay another 70p per share, on top of a previous 40p in September. The total 110p in dividends comes just under last year’s 120p. The builder said it was “well prepared” for the latest, second lockdown as it reported a strong performance in the third quarter. Average weekly sales rates were up 38pc compared to the s
  
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• UK firms fear for their survival as time runs out to agree non-EU trade deals

  10-11-2020 22:12 via uk.finance.yahoo.com
  
  Agreements that the UK currently has with 15 non-EU countries will no longer apply on 1 January, leaving UK businesses with an uncertain future of quotas and higher tariffs
  
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• Lyft seeks slice of food-delivery amid slow ride-hail recovery, shares rise

  10-11-2020 22:07 via uk.finance.yahoo.com
  
  While much of Lyft's recovery depends on the containment of the novel coronavirus, executives said stringent budgeting and cost cuts meant Lyft would still achieve profitability on an adjusted basis by the end of 2021.Unlike larger rival Uber Technologies Inc , Lyft has no food-delivery business to fall back on.
  
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• What is M1? How Apple says its new chip will change the future of the MacBook

  10-11-2020 21:22 via uk.finance.yahoo.com
  
  Apple has unveiled the M1, the first computer chip it has designed itself.The processor will arrive in three new Macs: a MacBook Air, Mac Mini and 13-inch MacBook Pro.Until now, Apple has relied on other companies to design the chips that sit at the heart of its Macs – but the new announcement mean that it now controls everything that goes in the computer.
  
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• Apple Mac mini, MacBook Air and Pro with iPhone-like chips launch

  10-11-2020 21:14 via uk.finance.yahoo.com
  
  Apple Mac mini, MacBook Air and Pro with iPhone-like chips launchFirst M1-based Macs promise big leap in performance and battery life after ditching Intel chips
  
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• Apple launches Mac mini, MacBook Air and Pro with iPhone-like chips

  10-11-2020 21:14 via uk.finance.yahoo.com
  
  Apple launches Mac mini, MacBook Air and Pro with iPhone-like chips. First M1-based Macs promise big leap in performance and battery life after ditching Intel chips
  
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• Apple event – as it happened: New Macs unveiled in historic upgrade to M1 chips

  10-11-2020 21:11 via uk.finance.yahoo.com
  
  Apple has unveiled an upgraded line-up of Macs powered by its new M1 chip that it claims will fundamentally change the future of its computers.Its latest event – named “One More Thing” and the third such launch in as many months – took place at its Apple Park headquarters in California on Tuesday, with Apple delivering on a promise made in June that it would deliver in-house chips to its computers.Apple CEO Tim Cook said the new chips would vastly improve the performance
  
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• Pfizer and BioNTech could make $13bn from coronavirus vaccine

  10-11-2020 20:45 via uk.finance.yahoo.com
  
  Pfizer and BioNTech could make $13bn from coronavirus vaccineJohnson & Johnson and AstraZeneca pledged to make their vaccines available on a not-for-profit basis* Coronavirus – latest updates* See all our coronavirus coverage
  
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• FTSE 100 recovers to highest level since June after vaccine unveiled

  10-11-2020 20:45 via uk.finance.yahoo.com
  
  FTSE 100 recovers to highest level since June after vaccine unveiledPromising clinical data from Pfizer and BioNTech help the index to a £28bn one-day gain
  
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• Apple revives ‘Get a Mac’ ad as it reveals new MacBooks with their own chips for the first time

  10-11-2020 20:43 via uk.finance.yahoo.com
  
  Tim Cook described the new M1 chip as the most powerful piece of technology the firm has ever made
  
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• Bank of England's Haldane says vaccine news could break gloom-loop

  10-11-2020 20:39 via uk.finance.yahoo.com
  
  Bank of England Chief Economist Andy Haldane said that news of a possible vaccine for COVID-19 could be transformational for the economy which has been stuck in a "gloom-loop"."This could be transformational," Haldane told Channel 4 News.Haldane's comments echoed those he made on Monday about the potential for the vaccine to give a confidence boost to the economy.
  
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• Apple unveils first Mac computers powered by its own chips

  10-11-2020 20:35 via uk.finance.yahoo.com
  
  The new MacBook Air, MacBook Pro and Mac mini will be the first to house Apple's new M1 chip, the company's first own-designed silicon.
  
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• Coronavirus vaccine hope threatens stay-at-home corporate winners

  10-11-2020 20:21 via uk.finance.yahoo.com
  
  The jury was still out on Tuesday, however, as to whether that reverse, sparked by positive data from trials run by U.S. drugs giant Pfizerand Germany's BioNtech , would last.Shares in video conferencing network Zoom fell 4% on Tuesday after plunging about 17% a day earlier.
  
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• M1: Apple reveals first Mac chip it has designed itself

  10-11-2020 20:09 via uk.finance.yahoo.com
  
  Apple has revealed the M1, the first ever Mac chip that it has designed itself.It will arrive in a new MacBook Pro, MacBook Air and Mac Mini, each of which Apple claimed offer vastly improved performance when compared to their Intel-based predecessors.Apple had announced in June that it would move away from that Intel architecture, and towards “Apple Silicon” – chips designed in-house and made by ARM.
  
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• MacOS Big Sur release date: Apple reveals when new operating system will arrive on laptops

  10-11-2020 20:04 via uk.finance.yahoo.com
  
  Apple will release its new operating system for Macs this week, it has announced.MacOS Big Sur includes a range of additional features as well as a significant redesign.The new operating system will arrive on 12 November, Apple announced during an event in which it also revealed the first of those chips and three new computers that will run on it.
  
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• Petroineos to halve capacity of Scotland’s sole oil refinery

  10-11-2020 19:59
  Permanent closure of Grangemouth units threatens up to 200 jobs
  
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• Petroineos to cut capacity of Scotland’s sole oil refinery

  10-11-2020 19:59
  Permanent closure of Grangemouth units threatens up to 200 jobs
  
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• Apple event – live: New Macs unveiled in historic upgrade to M1 chips

  10-11-2020 19:57 via uk.finance.yahoo.com
  
  Apple is hosting an event that looks set to fundamentally change the future of its computers.Its latest event – named “One More Thing” and the third such launch in as many months – has revealed the first ever computers to use the new Apple Silicon chips, designed in-house by the company.Apple delivered on its promise, made in the summer, to vastly improve the performance and efficiency of its computers.
  
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• Green gilts can help to build a low-carbon future

  10-11-2020 19:49
  Move can boost environmentally-friendly finance market but UK government must do more
  
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• Pfizer and BioNTech’s vaccine poses global logistics challenge

  10-11-2020 19:45 via uk.finance.yahoo.com
  
  Pfizer and BioNTech’s vaccine poses global logistics challenge. Europe and US create vast facilities for Covid-19 vaccine but poorer nations lack infrastructure, say experts
  
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• Pfizer and BioNTech's vaccine poses global logistics challenge

  10-11-2020 19:45 via uk.finance.yahoo.com
  
  Pfizer and BioNTech's vaccine poses global logistics challenge. Europe and US create vast facilities for Covid-19 vaccine but poorer nations lack infrastructure say experts
  
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• Most National Trust members aren't arguing about slavery and colonialism report, insists head

  10-11-2020 19:45 via uk.finance.yahoo.com
  
  The "real silent majority" of National Trust members are not concerned about the row over its controversial slavery and colonialism report, Hilary McGrady has suggested. The heritage charity's director-general insisted that most of the Trust's 5.6 million members are "engaged elsewhere" and "not arguing about the Trust" but rather enjoying its properties. The Trust has courted controversy in recent months with the publication of a controversial 115-page report into the links between its properti
  
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• Most National Trust members aren't arguing about slavery and colonialism links, suggests head

  10-11-2020 19:45 via uk.finance.yahoo.com
  
  The "real silent majority" of National Trust members are not concerned about the row over its controversial slavery and colonialism report, Hilary McGrady has suggested. The heritage charity's director-general insisted that most of the Trust's 5.6 million members are "engaged elsewhere" and "not arguing about the Trust" but rather enjoying its properties. The Trust has courted controversy in recent months with the publication of a controversial 115-page report into the links between its properti
  
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• MacBook Pro: Apple reveals new high-end computer with ‘M1’ chip

  10-11-2020 19:41 via uk.finance.yahoo.com
  
  Apple has revealed a new 13-inch MacBook Pro that includes its own “M1” chip.It is the third computer Apple revealed with the new processor, following the Mac Mini and new MacBook Air.Like with those other two computers, the introduction of Apple’s M1 means that the computer is much faster without adding any extra thermal or power requirements, Apple said in its introduction.
  
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• Crackdown on foreign takeovers brings uncertainty for City dealmakers

  10-11-2020 19:40 via uk.finance.yahoo.com
  
  Foreign investors buying UK companies or assets could have their deals declared void and be hit with fines of £10m or 5pc of global turnover under strict new national security laws proposed by the Government today. The National Security and Investment Bill will grant ministers sweeping powers to review and block company takeovers on national security grounds, potentially increasing uncertainty for investors just as British business braces for the impact of a hard Brexit on Jan 1. The propo
  
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• Czech billionaire bidding for National Lottery gets €500m windfall from Apollo

  10-11-2020 19:36 via uk.finance.yahoo.com
  
  One of the world’s biggest buyout funds is backing Czech billionaire Karel Komárek’s bid to seize the National Lottery from current operator Camelot. Wall Street investment firm Apollo Global Management has agreed to invest €500m (£450m) into Sazka Group. Mr Komárek, worth an estimated $3.8bn (£2.9bn), confirmed last month that it will bid to run the National Lottery when the current licence expires in 2023. Watford-headquartered Camelot, which was sold
  
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• Czech billionaire bidding for National Lottery gets €500m injection from Apollo

  10-11-2020 19:36 via uk.finance.yahoo.com
  
  One of the world’s biggest buyout funds is backing Czech billionaire Karel Komárek’s bid to seize the National Lottery from current operator Camelot. Wall Street investment firm Apollo Global Management has agreed to invest €500m (£450m) into Mr Komárek’s company Sazka Group. The Czech, worth an estimated $3.8bn (£2.9bn), confirmed last month that his business will bid to run the National Lottery after the current licence expires in 2023. Watford-
  
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• Mac Mini: Apple reveals new standalone computer featuring its first ever chip

  10-11-2020 19:35 via uk.finance.yahoo.com
  
  Apple has revealed a new Mac Mini, featuring the first ever chip it has made itself.It is also coming to the new MacBook Air, which was announced at the same time as the new Mac Mini.The new Mac mini starts at $699 – $100 cheaper than the previous generation, which had used the old Intel chips.
  
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• MacBook Air: Apple reveals first ever laptop to feature its own chips

  10-11-2020 19:29 via uk.finance.yahoo.com
  
  Apple has revealed a new MacBook Air, the first computer with its own chips.The laptop includes the M1, the first “Apple Silicon” processor, revealed just before the laptop itself.The computer has five times better graphics performance and can do operations that were not possible on the previous MacBook Air, it said.
  
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• Wales cancels all end-of-year exams due to Covid

  10-11-2020 19:15
  Move increases pressure on England to change policy on going ahead with GCSEs and A/S and A-levels
  
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• UK companies fall short on climate reporting, warns watchdog

  10-11-2020 19:05
  Financial Reporting Council says environmental disclosure needs to improve
  
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• Brussels holds out on post-Brexit financial services access for UK

  10-11-2020 19:04
  EU still unsure what rights to grant City of London despite Sunak step
  
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• Thousands of UK companies apply for ‘top-ups’ to bounce back loans

  10-11-2020 18:59
  Banks see surge after chancellor Rishi Sunak loosened rules around pandemic support schemes
  
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• Federal Reserve identifies climate crisis as risk to US financial system for first time ever

  10-11-2020 18:56 via uk.finance.yahoo.com
  
  ‘Acute hazards, such as storms, floods, or wildfires, may cause investors to update their perceptions of the value of real or financial assets suddenly,’ says the US Fed governor
  
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• U.S. job openings, hiring point to sluggish labor market recovery

  10-11-2020 18:51 via uk.finance.yahoo.com
  
  U.S. job openings increased less than expected in September while hiring fell, suggesting the labor market recovery was petering out even before a resurgence in new COVID-19 cases which is expected to slow momentum.The drop is at odds with significantly high weekly unemployment claims.The worst economic crisis since the Great Depression, marked by tens of millions of Americans on unemployment benefits, is one of the biggest challenges confronting President-elect Joe Biden when he takes over from
  
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• Rolling out Covid vaccine poses chilly logistics problem

  10-11-2020 18:48 via uk.finance.yahoo.com
  
  Delivering coronavirus vaccines at minus 80C seems a logistical nightmare. Although difficult, it’s not impossible. The supply chain industry has the ability to move products at such low temperatures, but capacity is limited. “The chill chain for most foods is set up for minus 4C, about what the flu jab is stored at, while the cold chain for frozen products is typically minus 25c, with warehouses and trucks capable of those temperatures,” says Richard Wilding, professor of supp
  
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• Lack of ambition holding back UK tech founders

  10-11-2020 18:46 via uk.finance.yahoo.com
  
  The UK has been held back from creating global tech giants by a lack of ambition driven "cultural norms" which send would-be-founders into hedge funds, a leading start-up group has said. Speaking at the Telegraph's Technology Intelligence Live event on Tuesday, Alice Bentinck, the co-founder of Entrepreneur First, said the world was "missing out on some of its best founders". "One of the biggest reasons for this is because of very strong cultural norms about what an aspirational and ambitious ca
  
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• London markets extend gains as vaccine hopes overshadow record redundancies

  10-11-2020 18:45 via uk.finance.yahoo.com
  
  The FTSE 100 closed 110.56 points higher at 6,296.85 at the end of trading on Tuesday.
  
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• BlackRock CEO backs mandatory climate reporting, urges U.S. action

  10-11-2020 18:37 via uk.finance.yahoo.com
  
  Larry Fink, chief executive of the world's largest asset manager BlackRock , said on Tuesday he backed the UK's recent move to make the reporting of corporate risk related to climate change mandatory, and urged the United States to follow suit."We welcome the UK Chancellor's announcement yesterday (of) mandatory TCFD reporting," Fink told the Green Horizon Summit in London, referring to the Taskforce for Climate-Related Financial Disclosures, which will be required from large companies and finan
  
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• Start-up funding 'back to normal levels', says early Monzo investor

  10-11-2020 18:35 via uk.finance.yahoo.com
  
  Cash is still flowing into Britain's tech industry and funding is now "almost back to normal" and in some cases is more robust than before the pandemic, according to one of the industry's top investors. Speaking at the Telegraph Technology Intelligence Live event, Passion Capital co-founder Eileen Burbridge, an early investor in financial technology company Monzo, also cautioned against overly restrictive rules on immigration after Britain leaves the European Union. "I want to see corridors, vis
  
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• OakNorth rules out cryptocurrency loans

  10-11-2020 18:20 via uk.finance.yahoo.com
  
  The head of one of Britain’s biggest fintechs has ruled out offering loans based on cryptocurrencies. Rishi Khosla, the co-founder and chief executive of lender OakNorth, played down any future involvement in the digital currencies. When asked about crypto loans at the Telegraph’s Technology Intelligence Live conference on Tuesday, Khosla said: “Not any time in the near future”. The OakNorth chief said he described himself as a “traditionalist” while ruling ou
  
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• Analysis: Will this time be different? Investors question the Treasury yield surge

  10-11-2020 18:20 via uk.finance.yahoo.com
  
  A spurt higher in Treasury yields has investors wondering whether this time, the momentum will keep going.Investors rotated out of Treasuries, a popular safe-haven asset, and into sectors that could benefit from an economic upswing such as bank stocks and high-yield credit after Pfizer Inc said on Monday its experimental COVID-19 vaccine was more than 90% effective.Previous moves higher in yields, however, have petered out as the Federal Reserve's near-zero interest rate policy has kept Treasury
  
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• Stock market rally continues in London and New York

  10-11-2020 18:06 via uk.finance.yahoo.com
  
  SHARES across the world kept rising on Tuesday, one day after the Pfizer Covid-19 breakthrough led to a trading frenzy.Instead the FTSE 100 added another 110 points to 6296.The biggest risers included BT, Rolls Royce and BA owner IAG.
  
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• Job search: Married couple forced apart during pandemic

  10-11-2020 18:05 via bbc.co.uk
  
  Lake District-based couple had to move apart after the company they worked for went bust.
  
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• Dan Snow helps 80-year-old connect with his late father

  10-11-2020 18:05 via uk.finance.yahoo.com
  
  Historian, Dan Snow, helped 80-year-old John Watts connect with his father like never before. Joseph Watts was killed while fighting the Nazis in WWII, eight months before his son John was born. On the anniversary of his death John came face to face with the RAF plane his father would have flown.
  
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• Apple One More Thing event: Tech giant unveils new MacBooks with 'longest ever battery life'

  10-11-2020 18:04 via uk.finance.yahoo.com
  
  Apple holds fourth virtual event of the year at 6pm GMT New MacBook Air and MacBook Pro promise dramatically improved battery life and performance New Mac Mini also features 'M1' chip Why Apple's Mac is changing its chips after 15 years Apple has unveiled two new MacBook laptops that promise the company's longest ever battery life, the first to feature its in-house computer processors. At the company's "One More Thing" event, its fourth virtual showcase of the year, it showed off the first Mac c
  
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• Apple 'One More Thing' event: Tech giant unveils new MacBooks with 'longest ever battery life'

  10-11-2020 18:04 via uk.finance.yahoo.com
  
  Apple holds fourth virtual event of the year at 6pm GMT New MacBooks with custom Apple-designed chips expected New AirPod Studio headphones and 'AirTag' trackers rumoured Why Apple's Mac is changing its chips after 15 years Apple is holding its fourth virtual event of 2020, teased as "One More Thing", at which the star of the show is not expected to be new iPhones, but the first Mac computers featuring its custom-designed processors. 'Apple Silicon', which will replace the Intel chips that Apple
  
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