The travel industry has been one of the worst-hit during the pandemic, with lockdowns grounding flights, keeping cruises in docks, and tourists at home. A year into the COVID-19 pandemic, travel companies have made huge losses and they are yet to see revenues flooding back in. However, the success of […]
With the huge amounts of government spending that have taken place throughout the COVID-19 pandemic, it is no surprise the question of how it will be paid for has arisen. For the month of January 2021, the UK government budget was £8.8bn in the red; the first time there has […]
On September 10th 2020, Citigroup announced Jane Fraser is set to take over from current CEO Michael Corbat when he steps down in February 2021. This makes them the first big Wall Street bank to be run by a female CEO, a great achievement for the bank despite being long […]
Earlier this week, the UK Prime Minister, Boris Johnson, announced the government’s new 10-point plan towards a greener future; in which £12bn of government investment will be mobilised and up to 250,000 new jobs will be created. He wrote “This 10-point plan will turn the UK into the world’s number […]
Despite acquiring Reebok over a decade ago, Adidas are still struggling to make the gains from the brand it desired, leading to the consideration of a potential sale of the subsidiary. Shares of Adidas rose 1.9% on Thursday, due to multiple reports of the German footwear brand exploring the possibility […]
Despite being the most well-known ride-hailing app, it is questionable if Uber will continue a smooth drive into the future. The court cases they have been embroiled in have attracted the attention of the media and many potential customers around the world, and may ultimately lead to a rise in […]
On September 16th, Snowflake, a cloud computing company, floated on the New York Stock Exchange in what became the largest-ever initial public offering for a US software company. The stock jumped 160% above the initial share price of $120-a-share to touch $315; sending the company’s market value to almost $90bn. […]
In November 2019, LVMH (owned by Bernard Arnault) agreed to purchase the iconic U.S. jewellery brand Tiffany, a deal that seemed a match made in heaven. However, then the coronavirus pandemic hit, stalling the purchase of luxury goods, and massively affecting Tiffany. LVMH was led to feel uncertain about the […]
As part of his £30bn summer statement to avert mass unemployment, Rishi Sunak announced a £2bn Kickstart Scheme to try and reduce unemployment in minimum wage jobs. The scheme, which started on September 2nd, will cover the cost of any minimum wage jobs being taken on by young people (aged […]
Mike Ashley’s Frasers Group has recently acquired DW (Dave Whelan) Sports after the company collapsed into administration earlier this month after the lockdown completely wiped out its income. Frasers have paid £37m for 46 fitness clubs and 31 retail outlets, having only purchased certain parts of the business, not buying […]
The UK has recently slipped into the deepest recession since records began, the worst of any of the G7 countries. Following a decline in growth of 2.2% in the first quarter of the year, the second quarter has seen a 20.4% contraction in the size of the UK economy. Therefore, […]
Nongfu Spring, a Chinese bottled water manufacturer, is preparing for their upcoming initial public offering where the company will be taken public on the Hong Kong Stock Exchange. This comes as the city’s capital markets are beginning to see more activity following the pandemic, which caused a long dry spell. […]
Following a five-day marathon summit, EU leaders agreed on a €750bn recovery fund to help European economies because of the devastating effects of the pandemic. To finance the fund, the commission will be borrowing up to the full amount from financial markets via bonds. About €390bn of this will then […]
ESG (environmental, social, and governance) investing is a hot topic, with firms such as BlackRock discussing the urgent need to arrest global warming, a comment issued following the devastating Australian bush fires. Support for environmental resolutions from shareholders in the first six months of 2020 was an average of 32.7%, […]
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