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<p class=”mol-para-with-font”>The FTSE 250 reached a new record high today of 23,878, before easing back and closing down around 10 points to 23,740. The FTSE 100 added 21 points, or 0.3 per cent, to 7,109.</p><p class=”mol-para-with-font”>The pound has risen 0.7 per cent against the dollar to $1.37, while Bitcoin has surpassed $50,000, its highest level since May when the price tumbled to around $30,000.</p><p class=”mol-para-with-font”>Budget airline EasyJet has chosen former Royal Bank of Scotland chief executive Stephen Hester to succeed John Barton as its next chairman from the start of December.</p><p class=”mol-para-with-font”>Shares in Sainsbury’s shot up to the top of the FTSE 100 leaderboard and hit their highest level in over seven years after speculation that Britain’s second-biggest supermarket was being circled by private equity predators. </p><p class=”mol-para-with-font”>Elsewhere, female directors at FTSE 100 companies earn an average £273,000, which is 73 per cent less than their male counterparts, according to research from New Street Consulting Group. </p><p class=”mol-para-with-font”>PayPal is to allow users in the UK to buy, hold and sell cryptocurrency – including Bitcoin, Ethereum and Litecoin – through the payment platform for the first time. </p><p class=”mol-para-with-font”>> If you are using our app click here to read Business Live </p><div class=”artSplitter mol-img-group” style=””> <div class=”mol-img”> <div class=”image-wrap”>
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</noscript> </div> <p class=”imageCaption”>Record: The FTSE 250 reached a new high today but finished slightly lower</p></div><div id=”lc-commentary-container” data-refresh-time=”” data-app-version=”3″>
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website airline EasyJet has chosen former Royal Bank of Scotland (RBS) chief executive Stephen Hester to succeed John Barton as its next chairman from the start of December. Female directors at FTSE 100 companies earn an average £273,000, which is 73 per cent less than their male counterparts, according to research from New Street Consulting Group.”,”headline”:”BUSINESS LIVE: EasyJet appoints new chairman; Female FTSE 100 bosses earn 73% less; Paypal to allow crypto…website website 100 has closed up 0.3%, or 21 points, to website 250 has closed down just 10 points to 23,740.
Sterling has risen 0.7% against the dollar to $1.37.”,”author”:”@type”:”Person”,”name”:”Camilla website customers forced to wait over A YEAR for delivery of some website Land Rover customers face delivery waiting times of more than a year due to stalling production of vehicles as a result of the ongoing semiconductor chip shortage, according to reports.
The UK car maker has informed leasing companies that there will be long lead times on over 50 different variants of its existing range, meaning deliveries of company car vehicles could take in excess of 12 months to arrive.”,”author”:”@type”:”Person”,”name”:”Harry website 250 hits a new record website Hewson, Chief Market Analyst at CMC Markets UK, comments on the markets today as the FTSE 250 hits a new high:
European markets have got off to a fairly positive start to the week, helped by a decent hand off from Asia, as a weaker US dollar and firmer commodity prices help to push energy and basic resource stocks off their recent lows, with BP, Royal Dutch Shell and Glencore outperforming, along with Tesco.
The FTSE 250 even managed to eke out a new record high, however as the day has progressed a lack of momentum has seen stocks slip back from their intraday peaks.
We’ve also seen a positive day for the FTSE 100, which has been helped by further M&A chatter, this time for the UK’s number two supermarket, Sainsbury, which has seen its share price retest its 2018 peaks at 341.80p.
As the tug of war over Morrisons threatens to drive its share price ever higher, overseas buyers appear to be turning their attention to Sainsbury’s which has in the past, been victim to similar takeover interest. A report over the weekend has indicated that private equity group Apollo, are taking a look, at the same time as they consider their options over the Morrisons bid with Fortress. “,”author”:”@type”:”Person”,”name”:”Harry website House Democrats return to Congress to push Biden’s $3.5trillion website Democrats are back in session for a key procedural vote on President Joe Biden’s budget Monday, as the White House continues to try to get a handle on the harried evacuations out of Afghanistan.
With two key pieces of Biden’s domestic agenda on the line, the White House must shift some of its attention to Congress, where a group of centrist holdouts are threatening to derail Biden’s $3.5 trillion budget plan. “,”author”:”@type”:”Person”,”name”:”Harry website price rises past $50,000 as rebound website rollercoaster ride exceeded $50,000 Monday, breaking a months-long depression and hinting at further gains.
The virtual currency jumped 3.8 percent to $50,341, rebounding to its highest value since May and nearly doubling its $27,700 January low.”,”author”:”@type”:”Person”,”name”:”Harry website Street in the website stocks have opened higher despite the latest PMI survey showing a slowdown in the economy.
<u>An hour since they’ve opened, here’s where the main US stock market indexes are at:</u>
The Dow Jones is up 0.6% to 35,340.
The S&P 500 is up 0.8% to 4,475.
The Nasdaq is up 1.1% to 14,875.”,”author”:”@type”:”Person”,”name”:”Camilla website economic growth also slows down…website US recovery seems to be following the same trajectory of the UK’s, with growth slowing down sharply last month.
The latest Flash US Composite PMI from IHS Markit shows that growth hit an eight-month low in August.
To blame are rising cases of the Delta variant, supply shortages and capacity constraints, according to the survey.”,”author”:”@type”:”Person”,”name”:”Camilla website sells its document management arm for website group Mitie has agreed to sell its document management business to Zurich-based Swiss Post Solutions Limited for £40million.
The division raked in £48million in revenue in the year to the end of March, with profit before nasties hitting £4.2million.
The document management business provides services to businesses that need help with their mailrooms and print rooms, or want to outsource courier services and record management, among other things.
Mitie shares have risen 3 per cent to 73.40p.
<u><i>Mitie chief executive Phil Bentley said:</i></u>
By joining forces with Swiss Post Solutions, the document management business will continue to grow and flourish, allowing Mitie to focus on our technology-led, science of service strategy in our core divisions.”,”author”:”@type”:”Person”,”name”:”Camilla website in London’s West End recovers but it’s still half than before website the London landlord that owns parts of Soho, Covent Garden and Chinatown, said shoppers and tourists are returning to high streets.
More people are visiting shops, restaurants and cafes in London’s West End, however weekly footfall still remains at between 50 to 60 per cent of what it was before the pandemic.
Weekends are the busiest, Shaftesbury said, with the tentative recovery down to the return not just of Londoners, but of people coming to the capital for the day to go shopping, or tourists visiting London from elsewhere in the country.
The improvements can be seen in the higher proportion of rent that Shaftesbury was able to collect and in the fewer empty shops.
In the three months to June 30, the company collected 51 per cent of contracted rent, compared with just 40 per cent between January and March this year.
Meanwhile, fewer shops on Shaftesbury sites were vacant in July – 4.6 per cent compared with a larger 8.4 per cent in March.
Shares in the business rose 0.8 per cent to 626.50p.”,”author”:”@type”:”Person”,”name”:”Camilla website buys tech company Satalia for undisclosed website giant WPP has bought Satalia, a fast-growing British technology company, for an undisclosed sum.
Satalia will bring clients which include BT, DFS, Tesco and Unilever into WPP’s group.
It will also bring founder Dr Daniel Hulme, who set up the firm in 2008. The company has two big products.
One helps companies allocate work to staff, while another helps fleets of vehicles find the best way to reach customers’ homes.
The latter is used by HSS and Australia’s Woolworths, among others. Satalia has more than 80 staff in several European countries.
Mr Hulme will also be appointed as chief artificial intelligence officer at WPP, the company said.”,”author”:”@type”:”Person”,”name”:”Camilla website CAP SHARE IDEAS: M&C website name M&C Saatchi is a blast from the past but the advertising group is still going strong and recently raised market expectations for the full year.
Founded in 1995 after Maurice & Charles Saatchi split from Saatchi & Saatchi, the company now claims to be much more than an advertising agency, it’s a ‘global network of communications businesses’ blending ‘cutting-edge data expertise with diverse thinking and exceptional creativity’.”,”author”:”@type”:”Person”,”name”:”Harry website Steel owner GFG in talks with US lender White website owner of Liberty Steel is in talks with US lender White Oak Global Advisors over a refinancing deal that could put an end to months of uncertainty for thousands of steel workers, the FT reports.
GFG Alliance, the metals conglomerate run by Sanjeev Gupta, has been looking for fresh finance since early March, when its main financial backer, Greensill Capital, collapsed into administration.”,”author”:”@type”:”Person”,”name”:”Camilla website Pistol Johnny Rotten LOSES High Court fight with former website former Sex Pistols have won a High Court battle with ex-frontman Johnny Rotten over the use of the punk band’s songs in a new TV series.
Former drummer Paul Cook and guitarist Steve Jones sued ex-singer Rotten, real name John Lydon, to allow their songs to be used in TV drama Pistol, directed by Danny Boyle.
The six-part series, which is being made by Disney and is due to air next year, is based on a 2016 memoir by Mr Jones called Lonely Boy: Tales From A Sex Pistol. The TV deal is expected to land Mr Cook and Mr Jones £5 million each.
Full story below…”,”author”:”@type”:”Person”,”name”:”Camilla website shortage could continue until end of website beer shortage could continue well into September, landlords are warning, amid fears that strikes and a lack of lorry drivers may mean it is weeks before stocks replenish.
One pub has revealed it has already been forced to close after not receiving enough barrels of Amstel, Fosters or Heineken to adequately serve punters.”,”author”:”@type”:”Person”,”name”:”Harry website vows to increase minimum wage to at least £10 an website Labour government would ‘immediately’ increase the minimum wage to ‘at least’ £10 an hour, the shadow work and pensions secretary said today.
Jonathan Reynolds said the wage hike would be part of ‘one seamless package’ of reforms to improve the lives of working people. “,”author”:”@type”:”Person”,”name”:”Harry website shortage of materials and staff hold back UK economic website worst shortage of staff and raw materials on record are holding back economic growth in the UK, while rising Covid cases are deterring consumers from spending, a new survey has found.
Companies in the services and manufacturing sectors are grappling with these supply constraints, both in terms of labour and components, contributing to the slowest growth in six months.”,”author”:”@type”:”Person”,”name”:”Harry website more comment on Sainsbury’s…website Hindle, an analyst at investing intelligence firm Third Bridge, explains why he believes Sainsbury’s is attractive for private equity investors:
Similarly to Morrisons, Sainsbury’s is very attractive to private equity investors because of its property portfolio. Sainsbury’s also has two other advantages, a very loyal customer base and a strong digital strategy.
The group has self-checkout and was an early adopter of customer self-scanning. Usage of the Sainsbury’s app has seen an enormous spike during Covid and the customer stickiness it is driving is remarkable.
Timing is also a factor. After 18 months of disruption, every big grocer has capacity expansion plans, especially for their digital businesses. These have accelerated so much that some colossal choices need to be made about how shopping is going to evolve over the next decade. Sainsbury’s somehow needs to make the right call on whether innovations like instant grocery delivery are really going to take root and potentially build further infrastructure.”,”author”:”@type”:”Person”,”name”:”Camilla website shares rise further to hit 7-year website in supermarket Sainsbury’s have hit their highest level in more than seven years after speculation that private equity firm Apollo was considering a possible bid.
Shares hit 338p earlier on, the highest since late February 2014.
They are currently up 14 per cent, or 41p, to 336p.”,”author”:”@type”:”Person”,”name”:”Camilla website appoints Stephen Hester as its next website Royal Bank of Scotland boss Stephen Hester, who took charge of the bank following its near-collapse in 2008, is to become the next chairman of budget airline easyJet.
The Luton-based group said Mr Hester, 60, who also ran insurance firm RSA and British Land, will join the company as a non-executive director at the start of next month before succeeding John Barton as chairman from December 1.”,”author”:”@type”:”Person”,”name”:”Harry website costly stamp duty holiday was not behind rising house website influential think tank has questioned the Government’s policy of committing billions of pounds in lost tax revenues to prop up the housing market during the pandemic.
The Resolution Foundation claims that the expensive stamp duty holiday may have contributed to rising house prices, but the property market would have remained buoyant anyway, with low interest rates, higher savings rates,the desire for more space and the move into more rural locations.”,”author”:”@type”:”Person”,”name”:”Harry website goes DOWN: Video conferencing app crashes around the website the go-to video conferencing app for many people around the world, but it appears that Zoom crashed this morning.
According to DownDetector, the issues started at around 08:45 BST, and affected users worldwide. “,”author”:”@type”:”Person”,”name”:”Harry website fears and myths about share website averse to investing and even some experienced shareholders can labour under false impressions of what is really involved in owning a portfolio of shares.
Choosing and managing shares yourself is generally more challenging than sticking your savings in funds, where professionals make all the decisions – although many investors find the hands-on approach more fun. “,”author”:”@type”:”Person”,”name”:”Harry website 100 bounces back – index is up 0.website FTSE 100 has bounced back today after recording its worst week since February.
The index is currently up 0.5 per cent to 7,119, helped by gains by heavyweight companies like BP, Shell and Glencore, which have risen by between 1.5 per cent and 3 per cent.
Supermarkets are also pushing higher, with Sainsbury’s rising 12 per cent and topping the risers list after speculation that private equity firm Apollo may be looking to buy it.
Tesco shares have also risen by around 2 per cent, while Burberry is up by more than 3 per cent.
The domestically focused FTSE 250 is also higher, rising 0.2 per cent to 23,797.
EasyJet is among the top risers on the index, with shares up more than 2 per cent, after it named former RBS boss Stephen Hester as its new chairman.”,”author”:”@type”:”Person”,”name”:”Camilla website customers in Britain can now trade website will this week start allowing customers in Britain to trade bitcoin and other cryptocurrencies as it extends its crypto trading platform internationally.
PayPal entered the crypto market in the US at the end of 2020 as bitcoin started to pique the interest of leading institutions.
Now UK users will be able to trade bitcoin, ethereum, litecoin and bitcoin cash – a spin-off from bitcoin.
It comes as today bitcoin pushes through the $50,000 a coin barrier for the first time in three months.<u>Full story below…</u>
“,”author”:”@type”:”Person”,”name”:”Camilla website bounces back after last week’s website pound has risen 0.3 per cent against the dollar this morning, while it’s flat against the euro, with £1 buying $1.366 and €1.165 on currency markets.
Today’s bounce-back comes despite the latest PMI flash figures showing softer growth in August.
Last week, sterling had its worst week in two months against both the dollar and euro.
Concerns that the Delta variant could derail the global recovery and worries major central banks would taper emergency stimulus sooner boosted the safe haven dollar at the expense of most major rival currencies like the pound.”,”author”:”@type”:”Person”,”name”:”Camilla website to allow UK users to trade website Khalaf, the head of investment analysis at AJ Bell, comments on PayPal declaring that it will allow British consumers to trade cryptocurrencies on its platform:
The ability to trade cryptocurrencies is nothing new, but the significance of PayPal’s entry into the UK market is its potential to process crypto transactions between consumers and businesses.
This isn’t a service which will be offered at outset in the UK, but it’s already up and running in the US, where PayPal’s crypto ventures only began last October, so we can expect pretty rapid development on this side of the pond too.
Of course, there’s still the issue of consumer and business demand to transact in crypto. What’s more it’s questionable how many businesses that do accept crypto will want to hold onto it after the transaction has taken place, rendering such a transactional facility little more than a sales gimmick.
Crypto is clearly hugely volatile, and while businesses have bills to pay in dollars, pounds and euros, they’re unlikely to want to store lots of crypto on their balance sheet, lest prices take one of their habitual nosedives.”,”author”:”@type”:”Person”,”name”:”Harry website holding back website manufacturers, it’s rising shipping costs and shortage of materials, according to the IHS/Markit survey:
There were widespread reports that escalating shipping costs and shortages of raw materials had led to intense price pressures. That said, the overall rate of input cost inflation eased to a four-month low during August. Moreover, factory gate charges increased at the slowest pace since May.
Some firms in other sectors also complained of staff shortages and lower demand, while estate agents blamed the end of stamp duty holiday:
There were reports that staff shortages had constrained the recovery, while others commented on less favourable demand conditions.
Firms in the residential property sector often cited the end of the full stamp duty holiday as a factor 비트겟 leading to lower business activity”,”author”:”@type”:”Person”,”name”:”Camilla website delivery times slump to first lockdown website times for manufacturers’ supplies fell to levels not seen since the height of the first lockdown last year.
<b><u>Duncan Brock, group director at CIPS, said:</u></b>
An abnormally large slowdown in overall activity in August offers a stark warning to the UK economy that the accelerated levels of growth we’ve seen earlier this summer are not sustainable. It was the slowest output expansion for six months, and the worst shortages of staff and materials on record are mostly to blame.
Finding the right skills was difficult for businesses, meaning that job seekers had the pick of the bunch in terms of opportunities.
The service sector was hiring at a brisker pace than any time in the past 25 years and stronger wage demands followed suit, which resulted in business costs climbing again. Manufacturers paid more for shipping their goods, and supplier delivery times were rivalling the height of the disruption last year.”,”author”:”@type”:”Person”,”name”:”Camilla website economic growth slowed again in website across the UK private sector slowed to a six-month low in August as supply constraints hit output growth in both the manufacturing and service sectors, according to a new survey.
The latest IHS Markit/CIPS flash composite PMI dropped for the third month in a row, sinking to 55.3 from 59.2 in July, its lowest since February.
<u>Chris Williamson, chief business economist at IHS Markit, said:</u>
Although the PMI indicates that the economy continues to expand at a pace slightly above the pre-pandemic average, there are clear signs of the recovery losing momentum in the third quarter after a buoyant second quarter.
Despite COVID-19 containment measures easing to the lowest since the pandemic began, rising virus case numbers are deterring many forms of spending, notably by consumers, and have hit growth via worsening staff and supply shortages.
Supplier delays have risen to a degree exceeded only once before – in the initial months of the pandemic – and the number of companies reporting that output had fallen due to staff or materials shortages has risen far above anything ever seen previously in more than 20 years of survey history. In manufacturing, sectors including automotive production and electrical goods have fallen into decline due mainly to supply constraints.
Prices have risen sharply again, albeit with the rate of inflation moving below July’s record high, as shortages once again fuelled a sellers’ market for many goods and services and wages rose further.
More positively, business expectations for the year ahead perked up in August, encouraging a record jump in employment as furloughed workers were brought back to the workplace. However, demand and supply availability need to improve further for this rise in employment to be sustained in coming months”,”author”:”@type”:”Person”,”name”:”Camilla website story on Sainsbury’s below…website website makes cricket legend Lord Botham a trade envoy to website legend Lord Botham has been made a trade envoy to Australia as part of a post-Brexit push, it was announced today.
The former England all-rounder said he was ‘honoured’ after being tasked by Boris Johnson with boosting business opportunities.”,”author”:”@type”:”Person”,”name”:”Harry website Group is the top falling FTSE 350 firm this website website shares jump following takeover website Wilson, chief market analyst at Markets.com, comments on Sainsbury’s being the subject of a possible takeover:
Sainsbury’s is undeniably a good target for private equity with a considerable store estate, with the company having more than $10bn in property assets – more than its current market cap by decent margin.
The Argos tie-up is another long-term growth lever and provides further scale, while profits are on the up again in the wake of the pandemic, and net debt has come down. It’s hard to beat those reliable cash flows – even without a big sale & leaseback plan the supermarkets are generating the kind of yield that is hard to get elsewhere.”,”author”:”@type”:”Person”,”name”:”Camilla website of office staff will carry on remote working into the website of thousands of white-collar workers will carry on working from home well into the autumn, a Daily Mail audit has found.
Despite the change to Government guidance in July, the vast majority of firms had no plans to compel staff to return to the office when surveyed.”,”author”:”@type”:”Person”,”name”:”Harry website Waitrose ‘is the worst for fresh online website is news likely to have middle Britain choking on its avocado on sourdough.
According to research, food delivered from upmarket chain Waitrose is likely to go off quicker than items bought from its main rivals.”,”author”:”@type”:”Person”,”name”:”Harry website shares jump 9% after reports of private equity takeover website could be next on the shopping list for private equity predators as the £7billion Morrisons deal puts the spotlight on UK supermarkets.
Major American buyout group Apollo is thought to be among the firms eyeing up Sainsbury’s, Britain’s second-largest grocer.
City analysts believe it would be a natural next target after the £6.8billion takeover of Asda last year and a recent bidding frenzy for Morrisons.
Shares in Sainsbury’s have risen 9 per cent to 321p, making it the top riser on the FTSE 100.
Full story below…”,”author”:”@type”:”Person”,”name”:”Camilla website clamps down on ‘Covid website Government has announced a crack down on ‘cowboy’ behaviour by companies who take advantage of holidaymakers with misleading prices for coronavirus testing kits.
Health Secretary Sajid Javid highlighted 82 private travel testing firms who are to be issued with a two-strike warning and could be struck off the official gov.uk list.
Companies will be removed from the website list if they fail to take action within three days of strike one as part of the new two-strike policy.
Full story below…”,”author”:”@type”:”Person”,”name”:”Camilla website home demand hits record high but more landlords want to website say demand for rented homes is at its highest in five years as Covid restrictions ease – but fewer want to buy new properties to let, leading to fears of a supply shortage.
The National Residential Landlords Association said a survey of its members showed that nearly 39 per cent believed demand for homes to rent increased in the second quarter of 2021 (April to June) – a five-year high and an eight percentage point increase on the first quarter. “,”author”:”@type”:”Person”,”name”:”Harry website takeover deal facing petrol forecourt website could call in the proposed £7billion takeover of Morrisons by US private equity giant Clayton, Dubilier and Rice (CD&R) over concerns about the number of petrol stations the group would own.
Officials at the Competition and Markets Authority are tracking the bumper deal closely, City sources said, and are on alert to potentially launch an investigation. “,”author”:”@type”:”Person”,”name”:”Harry website FTSE-100 index opened at 7087.website pound at 8am was 1.3649 dollars compared to 1.3625 dollars at the previous close.”,”author”:”@type”:”Person”,”name”:”Harry website
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<b>Camilla Canocchi</b>
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<b>Harry Wise</b>
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<div class=”lc-post-time”>16:54 </div>
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<span><b>FTSE 100 has closed up 0.3%, or 21 points, to 7,109</b></span>
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<p>FTSE 250 has closed down just 10 points to 23,740.</p>
<p>Sterling has risen 0.7% against the dollar to $1.37.</p>
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<span><b>JLR customers forced to wait over A YEAR for delivery of some models</b></span>
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<p class=”mol-para-with-font”>Jaguar Land Rover customers face delivery waiting times of more than a year due to stalling production of vehicles as a result of the ongoing semiconductor chip shortage, according to reports.</p>
<p class=”mol-para-with-font”>The UK car maker has informed leasing companies that there will be long lead times on over 50 different variants of its existing range, meaning deliveries of company car vehicles could take in excess of 12 months to arrive.</p>
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JLR customers forced to wait over A YEAR for delivery of some models
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In a statement JLR said it is ‘currently experiencing some Covid-19 supply chain disruption, including the global availability of semiconductors, which is having an impact on our production schedules.’
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<div class=”lc-post-time”>15:49 </div>
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<span><b>FTSE 250 hits a new record high</b></span>
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<p>Michael Hewson, Chief Market Analyst at CMC Markets UK, comments on the markets today as the FTSE 250 hits a new high:</p>
<p>European markets have got off to a fairly positive start to the week, helped by a decent hand off from Asia, as a weaker US dollar and firmer commodity prices help to push energy and basic resource stocks off their recent lows, with BP, Royal Dutch Shell and Glencore outperforming, along with Tesco.</p>
<p>The FTSE 250 even managed to eke out a new record high, however as the day has progressed a lack of momentum has seen stocks slip back from their intraday peaks.</p>
<p>We’ve also seen a positive day for the FTSE 100, which has been helped by further M&A chatter, this time for the UK’s number two supermarket, Sainsbury, which has seen its share price retest its 2018 peaks at 341.80p. </p>
<p>As the tug of war over Morrisons threatens to drive its share price ever higher, overseas buyers appear to be turning their attention to Sainsbury’s which has in the past, been victim to similar takeover interest. A report over the weekend has indicated that private equity group Apollo, are taking a look, at the same time as they consider their options over the Morrisons bid with Fortress. </p>
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<div class=”lc-post-time”>15:42 </div>
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<span><b>US: House Democrats return to Congress to push Biden’s $3.5trillion agenda</b></span>
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<p class=”mol-para-with-font”>House Democrats are back in session for a key procedural vote on President Joe Biden’s budget Monday, as the White House continues to try to get a handle on the harried evacuations out of Afghanistan.</p>
<p class=”mol-para-with-font”>With two key pieces of Biden’s domestic agenda on the line, the White House must shift some of its attention to Congress, where a group of centrist holdouts are threatening to derail Biden’s $3.5 trillion budget plan. </p>
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House Democrats return to Congress to push Biden’s $3.5trillion agenda
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By Susan CornwellWASHINGTON, Aug 23 (Reuters) – Democrats face a test of unity in the U.S. House of Representatives on Monday as they begin work on two…
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<div class=”lc-post-time”>15:34 </div>
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<span><b>Bitcoin price rises past $50,000 as rebound continues</b></span>
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<p class=”mol-para-with-font”>Bitcoin’s rollercoaster ride exceeded $50,000 Monday, breaking a months-long depression and hinting at further gains.</p>
<p class=”mol-para-with-font”>The virtual currency jumped 3.8 percent to $50,341, rebounding to its highest value since May and nearly doubling its $27,700 January low.</p>
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Bitcoin price rises past $50,000 as rebound continues
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Bitcoin’s rollercoaster ride exceeded $50,000 Monday, breaking a months-long depression and hinting at further gains.
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<div class=”lc-post-time”>15:31 </div>
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<span><b>Wall Street in the green</b></span>
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<p>US stocks have opened higher despite the latest PMI survey showing a slowdown in the economy. </p>
<p>An hour since they’ve opened, here’s where the main US stock market indexes are at:</p>
<p>The Dow Jones is up 0.6% to 35,340.</p>
<p>The S&P 500 is up 0.8% to 4,475.</p>
<p>The Nasdaq is up 1.1% to 14,875.</p>
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<div class=”lc-post-time”>15:28 </div>
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<span><b>US economic growth also slows down…</b></span>
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<p>The US recovery seems to be following the same trajectory of the UK’s, with growth slowing down sharply last month. </p>
<p>The latest Flash US Composite PMI from IHS Markit shows that growth hit an eight-month low in August.</p>
<p>To blame are rising cases of the Delta variant, supply shortages and capacity constraints, according to the survey.</p>
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<p lang=”en” dir=”ltr”>🇺🇸U.S. private sector expansion slowed sharply in August, according to the latest flash
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<div class=”lc-post-time”>15:23 </div>
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<span><b>Mitie sells its document management arm for £40m</b></span>
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<p>Outsourcing group Mitie has agreed to sell its document management business to Zurich-based Swiss Post Solutions Limited for £40million.</p>
<p>The division raked in £48million in revenue in the year to the end of March, with profit before nasties hitting £4.2million.</p>
<p>The document management business provides services to businesses that need help with their mailrooms and print rooms, or want to outsource courier services and record management, among other things.</p>
<p>Mitie shares have risen 3 per cent to <span class=”IsqQVc NprOob XcVN5d wT3VGc”>73.40p.</span></p>
<p>Mitie chief executive Phil Bentley said:</p>
<p>By joining forces with Swiss Post Solutions, the document management business will continue to grow and flourish, allowing Mitie to focus on our technology-led, science of service strategy in our core divisions.</p>
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<div class=”lc-post-time”>15:18 </div>
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<span><b>Footfall in London’s West End recovers but it’s still half than before Covid</b></span>
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<p>Shaftesbury, the London landlord that owns parts of Soho, Covent Garden and Chinatown, said shoppers and tourists are returning to high streets.</p>
<p>More people are visiting shops, restaurants and cafes in London’s West End, however weekly footfall still remains at between 50 to 60 per cent of what it was before the pandemic.</p>
<p>Weekends are the busiest, Shaftesbury said, with the tentative recovery down to the return not just of Londoners, but of people coming to the capital for the day to go shopping, or tourists visiting London from elsewhere in the country.</p>
<p>The improvements can be seen in the higher proportion of rent that Shaftesbury was able to collect and in the fewer empty shops.</p>
<p>In the three months to June 30, the company collected 51 per cent of contracted rent, compared with just 40 per cent between January and March this year.</p>
<p>Meanwhile, fewer shops on Shaftesbury sites were vacant in July – 4.6 per cent compared with a larger 8.4 per cent in March.</p>
<p>Shares in the business rose 0.8 per cent to <span class=”IsqQVc NprOob XcVN5d wT3VGc”>626.50p.</span></p>
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<div class=”lc-post-time”>15:05 </div>
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<span><b>WPP buys tech company Satalia for undisclosed sum</b></span>
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<p>Advertising giant WPP has bought Satalia, a fast-growing British technology company, for an undisclosed sum.</p>
<p>Satalia will bring clients which include BT, DFS, Tesco and Unilever into WPP’s group.</p>
<p>It will also bring founder Dr Daniel Hulme, who set up the firm in 2008. The company has two big products.</p>
<p>One helps companies allocate work to staff, while another helps fleets of vehicles find the best way to reach customers’ homes.</p>
<p>The latter is used by HSS and Australia’s Woolworths, among others. Satalia has more than 80 staff in several European countries.</p>
<p>Mr Hulme will also be appointed as chief artificial intelligence officer at WPP, the company said.</p>
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<div class=”lc-post-time”>15:00 </div>
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<span><b>SMALL CAP SHARE IDEAS: M&C Saatchi</b></span>
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<p class=”mol-para-with-font”>The name M&C Saatchi is a blast from the past but the advertising group is still going strong and recently raised market expectations for the full year.</p>
<p class=”mol-para-with-font”>Founded in 1995 after Maurice & Charles Saatchi split from Saatchi & Saatchi, the company now claims to be much more than an advertising agency, it’s a ‘global network of communications businesses’ blending ‘cutting-edge data expertise with diverse thinking and exceptional creativity’.</p>
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SMALL CAP SHARE IDEAS: M&C Saatchi
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M&C Saatchi, which helped Democrats Joe Biden and Kamala Harris win the US election, has operations in 23 countries and over 40 agencies, with 2,500 employees around the world.
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<div class=”lc-post-time”>14:56 </div>
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<span><b>Liberty Steel owner GFG in talks with US lender White Oak</b></span>
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<p>The owner of Liberty Steel is in talks with US lender White Oak Global Advisors over a refinancing deal that could put an end to months of uncertainty for thousands of steel workers, the FT reports.</p>
<p>GFG Alliance, the metals conglomerate run by Sanjeev Gupta, has been looking for fresh finance since early March, when its main financial backer, Greensill Capital, collapsed into administration.</p>
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<p lang=”en” dir=”ltr”>Sanjeev Gupta’s GFG in talks with White Oak over European operations
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<div class=”lc-post-time”>14:46 </div>
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<span><b>Sex Pistol Johnny Rotten LOSES High Court fight with former bandmates</b></span>
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<p class=”mol-para-with-font”>Two former Sex Pistols have won a High Court battle with ex-frontman Johnny Rotten over the use of the punk band’s songs in a new TV series. </p>
<p class=”mol-para-with-font”>Former drummer Paul Cook and guitarist Steve Jones sued ex-singer Rotten, real name John Lydon, to allow their songs to be used in TV drama Pistol, directed by Danny Boyle.</p>
<p class=”mol-para-with-font”>The six-part series, which is being made by Disney and is due to air next year, is based on a 2016 memoir by Mr Jones called Lonely Boy: Tales From A Sex Pistol. The TV deal is expected to land Mr Cook and Mr Jones £5 million each. </p>
<p class=”mol-para-with-font”>Full story below…</p>
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Sex Pistol Johnny Rotten LOSES High Court fight with former bandmates
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The punk group’s former drummer Paul Cook and guitarist Steve Jones sued the band’s ex-singer Johnny Rotten to allow their songs to be used in TV drama Pistol, directed by Danny Boyle.
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<div class=”lc-post-time”>14:22 </div>
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<span><b>Beer shortage could continue until end of September</b></span>
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<p class=”mol-para-with-font”>Britain’s beer shortage could continue well into September, landlords are warning, amid fears that strikes and a lack of lorry drivers may mean it is weeks before stocks replenish.</p>
<p class=”mol-para-with-font”>One pub has revealed it has already been forced to close after not receiving enough barrels of Amstel, Fosters or Heineken to adequately serve punters.</p>
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Beer shortage could continue until end of September
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The crisis has emerged as a result of the pingdemic limiting numbers of available drivers, a much smaller pool of Eastern European workers due to Brexit, and proposed strike action from draymen.
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<div class=”lc-post-time”>14:00 </div>
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<span><b>Labour vows to increase minimum wage to at least £10 an hour</b></span>
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<p class=”mol-para-with-font”>A Labour government would ‘immediately’ increase the minimum wage to ‘at least’ £10 an hour, the shadow work and pensions secretary said today. </p>
<p class=”mol-para-with-font”>Jonathan Reynolds said the wage hike would be part of ‘one seamless package’ of reforms to improve the lives of working people. </p>
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Labour vows to increase minimum wage to at least £10 an hour
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A Labour government would ‘immediately’ increase the minimum wage to ‘at least’ £10 an hour, the shadow work and pensions secretary said today.
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<div class=”lc-post-time”>13:42 </div>
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<span><b>Record shortage of materials and staff hold back UK economic recovery</b></span>
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<p class=”mol-para-with-font”>The worst shortage of staff and raw materials on record are holding back economic growth in the UK, while rising Covid cases are deterring consumers from spending, a new survey has found. </p>
<p class=”mol-para-with-font”>Companies in the services and manufacturing sectors are grappling with these supply constraints, both in terms of labour and components, contributing to the slowest growth in six months.</p>
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Record shortage of materials and staff hold back UK economic recovery
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The closely watched IHS Markit/CIPS flash composite PMI dropped for the third month in a row in August, sinking to 55.3 from 59.2 in July.
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<div class=”lc-post-time”>13:19 </div>
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<span><b>Some more comment on Sainsbury’s…</b></span>
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<p>Ross Hindle, an analyst at investing intelligence firm Third Bridge, explains why he believes Sainsbury’s is attractive for private equity investors:</p>
<p>Similarly to Morrisons, Sainsbury’s is very attractive to private equity investors because of its property portfolio. Sainsbury’s also has two other advantages, a very loyal customer base and a strong digital strategy. </p>
<p>The group has self-checkout and was an early adopter of customer self-scanning. Usage of the Sainsbury’s app has seen an enormous spike during Covid and the customer stickiness it is driving is remarkable.</p>
<p>Timing is also a factor. After 18 months of disruption, every big grocer has capacity expansion plans, especially for their digital businesses. These have accelerated so much that some colossal choices need to be made about how shopping is going to evolve over the next decade. Sainsbury’s somehow needs to make the right call on whether innovations like instant grocery delivery are really going to take root and potentially build further infrastructure.</p>
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<div class=”lc-post-time”>13:14 </div>
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<span><b>Sainsbury’s shares rise further to hit 7-year high</b></span>
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<p>Shares in supermarket Sainsbury’s have hit their highest level in more than seven years after speculation that private equity firm Apollo was considering a possible bid.</p>
<p>Shares hit 338p earlier on, the highest since late February 2014.</p>
<p>They are currently up 14 per cent, or 41p, to <span class=”IsqQVc NprOob XcVN5d wT3VGc”>336p.</span></p>
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<b class=”lc-image-caption”>Sainsbury's shares today</b>
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<div class=”lc-post-time”>13:02 </div>
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<span><b>EasyJet appoints Stephen Hester as its next chairman</b></span>
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<p class=”mol-para-with-font”>Former Royal Bank of Scotland boss Stephen Hester, who took charge of the bank following its near-collapse in 2008, is to become the next chairman of budget airline easyJet.</p>
<p class=”mol-para-with-font”>The Luton-based group said Mr Hester, 60, who also ran insurance firm RSA and British Land, will join the company as a non-executive director at the start of next month before succeeding John Barton as chairman from December 1.</p>
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EasyJet appoints Stephen Hester as its next chairman
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The air carrier said Mr Hester, who also ran insurance firm RSA and British Land, will join the company as a non-executive director at the start of next month.
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<div class=”lc-post-time”>12:35 </div>
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<span><b>The costly stamp duty holiday was not behind rising house prices</b></span>
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<p class=”mol-para-with-font”>An influential think tank has questioned the Government’s policy of committing billions of pounds in lost tax revenues to prop up the housing market during the pandemic.</p>
<p class=”mol-para-with-font”>The Resolution Foundation claims that the expensive stamp duty holiday may have contributed to rising house prices, but the property market would have remained buoyant anyway, with low interest rates, higher savings rates,the desire for more space and the move into more rural locations.</p>
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The costly stamp duty holiday was not behind rising house prices
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Influential think tank, the Resolution Foundation, found that the expensive stamp duty holiday may have pushed UK house prices up, but prices would have risen anyway.
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<div class=”lc-post-time”>12:18 </div>
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<span><b>Zoom goes DOWN: Video conferencing app crashes around the world</b></span>
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<p class=”mol-para-with-font”>It’s the go-to video conferencing app for many people around the world, but it appears that Zoom crashed this morning. </p>
<p class=”mol-para-with-font”>According to DownDetector, the issues started at around 08:45 BST, and affected users worldwide. </p>
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Zoom goes DOWN: Video conferencing app crashes around the world
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According to DownDetector, the issues started at around 08:45 BST, and affected users worldwide.
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<div class=”lc-post-time”>12:07 </div>
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<span><b>Seven fears and myths about share investing</b></span>
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<p class=”mol-para-with-font”>People averse to investing and even some experienced shareholders can labour under false impressions of what is really involved in owning a portfolio of shares.</p>
<p class=”mol-para-with-font”>Choosing and managing shares yourself is generally more challenging than sticking your savings in funds, where professionals make all the decisions – although many investors find the hands-on approach more fun. </p>
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Seven fears and myths about share investing
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People averse to investing and even some experienced shareholders can labour under false impressions of what is really involved in owning a portfolio of shares.
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<div class=”lc-post-time”>11:01 </div>
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<span><b>FTSE 100 bounces back – index is up 0.5%</b></span>
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<p>The FTSE 100 has bounced back today after recording its worst week since February.</p>
<p>The index is currently up 0.5 per cent to 7,119, helped by gains by heavyweight companies like BP, Shell and Glencore, which have risen by between 1.5 per cent and 3 per cent.</p>
<p>Supermarkets are also pushing higher, with Sainsbury’s rising 12 per cent and topping the risers list after speculation that private equity firm Apollo may be looking to buy it.</p>
<p>Tesco shares have also risen by around 2 per cent, while Burberry is up by more than 3 per cent.</p>
<p>The domestically focused FTSE 250 is also higher, rising 0.2 per cent to 23,797.</p>
<p>EasyJet is among the top risers on the index, with shares up more than 2 per cent, after it named former RBS boss Stephen Hester as its new chairman.</p>
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<div class=”lc-post-time”>10:49 </div>
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<span><b>PayPal customers in Britain can now trade cryptocurrencies</b></span>
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<p class=”mol-para-with-font”>PayPal will this week start allowing customers in Britain to trade bitcoin and other cryptocurrencies as it extends its crypto trading platform internationally.</p>
<p class=”mol-para-with-font”>PayPal entered the crypto market in the US at the end of 2020 as bitcoin started to pique the interest of leading institutions.</p>
<p class=”mol-para-with-font”>Now UK users will be able to trade bitcoin, ethereum, litecoin and bitcoin cash – a spin-off from bitcoin.</p>
<p class=”mol-para-with-font”>It comes as today bitcoin pushes through the $50,000 a coin barrier for the first time in three months. </p>
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<div class=”mol-img”>Full story below…</div>
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PayPal customers in the UK can start trading bitcoin from THIS WEEK
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PayPal will this week start allowing customers in Britain to trade bitcoin and other cryptocurrencies as it extends its crypto trading platform internationally.
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<div class=”lc-post-time”>10:47 </div>
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<span><b>Pound bounces back after last week’s sell-off</b></span>
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<p>The pound has risen 0.3 per cent against the dollar this morning, while it’s flat against the euro, with £1 buying $1.366 and €1.165 on currency markets.</p>
<p>Today’s bounce-back comes despite the latest PMI flash figures showing softer growth in August.</p>
<p>Last week, sterling had its worst week in two months against both the dollar and euro.</p>
<p>Concerns that the Delta variant could derail the global recovery and worries major central banks would taper emergency stimulus sooner boosted the safe haven dollar at the expense of most major rival currencies like the pound.</p>
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<div class=”lc-post-time”>10:44 </div>
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<span><b>PayPal to allow UK users to trade cryptocurrency</b></span>
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<p>Laith Khalaf, the head of investment analysis at AJ Bell, comments on PayPal declaring that it will allow British consumers to trade cryptocurrencies on its platform:</p>
<p>The ability to trade cryptocurrencies is nothing new, but the significance of PayPal’s entry into the UK market is its potential to process crypto transactions between consumers and businesses. </p>
<p>This isn’t a service which will be offered at outset in the UK, but it’s already up and running in the US, where PayPal’s crypto ventures only began last October, so we can expect pretty rapid development on this side of the pond too.</p>
<p>Of course, there’s still the issue of consumer and business demand to transact in crypto. What’s more it’s questionable how many businesses that do accept crypto will want to hold onto it after the transaction has taken place, rendering such a transactional facility little more than a sales gimmick. </p>
<p>Crypto is clearly hugely volatile, and while businesses have bills to pay in dollars, pounds and euros, they’re unlikely to want to store lots of crypto on their balance sheet, lest prices take one of their habitual nosedives.</p>
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<div class=”lc-post-time”>10:34 </div>
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<span><b>What’s holding back growth?</b></span>
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<p>For manufacturers, it’s rising shipping costs and shortage of materials, according to the IHS/Markit survey: </p>
<p>There were widespread reports that escalating shipping costs and shortages of raw materials had led to intense price pressures. That said, the overall rate of input cost inflation eased to a four-month low during August. Moreover, factory gate charges increased at the slowest pace since May.</p>
<p>Some firms in other sectors also complained of staff shortages and lower demand, while estate agents blamed the end of stamp duty holiday:</p>
<p>There were reports that staff shortages had constrained the recovery, while others commented on less favourable demand conditions.</p>
<p>Firms in the residential property sector often cited the end of the full stamp duty holiday as a factor leading to lower business activity</p>
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<div class=”lc-post-time”>10:28 </div>
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<span><b>Supplier delivery times slump to first lockdown levels</b></span>
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<p>Delivery times for manufacturers’ supplies fell to levels not seen since the height of the first lockdown last year.</p>
<p>Duncan Brock, group director at CIPS, said:</p>
<p>An abnormally large slowdown in overall activity in August offers a stark warning to the UK economy that the accelerated levels of growth we’ve seen earlier this summer are not sustainable. It was the slowest output expansion for six months, and the worst shortages of staff and materials on record are mostly to blame. </p>
<p>Finding the right skills was difficult for businesses, meaning that job seekers had the pick of the bunch in terms of opportunities. </p>
<p>The service sector was hiring at a brisker pace than any time in the past 25 years and stronger wage demands followed suit, which resulted in business costs climbing again. Manufacturers paid more for shipping their goods, and supplier delivery times were rivalling the height of the disruption last year.</p>
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<div class=”lc-post-time”>10:19 </div>
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<span><b>UK economic growth slowed again in August</b></span>
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<p>Growth across the UK private sector slowed to a six-month low in August as supply constraints hit output growth in both the manufacturing and service sectors, according to a new survey.</p>
<p>The latest IHS Markit/CIPS flash composite PMI dropped for the third month in a row, sinking to 55.3 from 59.2 in July, its lowest since February.</p>
<p>Chris Williamson, chief business economist at IHS Markit, said:</p>
<p>Although the PMI indicates that the economy continues to expand at a pace slightly above the pre-pandemic average, 비트코인 거래소 there are clear signs of the recovery losing momentum in the third quarter after a buoyant second quarter. </p>
<p>Despite COVID-19 containment measures easing to the lowest since the pandemic began, rising virus case numbers are deterring many forms of spending, notably by consumers, and have hit growth via worsening staff and supply shortages. </p>
<p>Supplier delays have risen to a degree exceeded only once before – in the initial months of the pandemic – and the number of companies reporting that output had fallen due to staff or materials shortages has risen far above anything ever seen previously in more than 20 years of survey history. In manufacturing, sectors including automotive production and electrical goods have fallen into decline due mainly to supply constraints. </p>
<p>Prices have risen sharply again, albeit with the rate of inflation moving below July’s record high, as shortages once again fuelled a sellers’ market for many goods and services and wages rose further. </p>
<p>More positively, business expectations for the year ahead perked up in August, encouraging a record jump in employment as furloughed workers were brought back to the workplace. However, demand and supply availability need to improve further for this rise in employment to be sustained in coming months</p>
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<div class=”lc-post-time”>10:12 </div>
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<span><b>Our story on Sainsbury’s below…</b></span>
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Sainsbury’s shares jump 11% after takeover bid speculation
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Major American buyout group Apollo, which missed out on the takeover of Asda last year, is thought to be among the firms eyeing up Sainsbury’s, according to reports.
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<div class=”lc-post-time”>10:11 </div>
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<span><b>Boris makes cricket legend Lord Botham a trade envoy to Australia</b></span>
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<p class=”mol-para-with-font”>Cricket legend Lord Botham has been made a trade envoy to Australia as part of a post-Brexit push, it was announced today.</p>
<p class=”mol-para-with-font”>The former England all-rounder said he was ‘honoured’ after being tasked by Boris Johnson with boosting business opportunities.</p>
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Boris makes cricket legend Lord Botham a trade envoy to Australia
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Former England all-rounder Lord Botham said he was ‘honoured’ after being tasked by Boris Johnson with boosting business opportunities.
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<div class=”lc-post-time”>09:34 </div>
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<span><b>Pennon Group is the top falling FTSE 350 firm this morning</b></span>
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<div class=”lc-post-time”>09:31 </div>
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<span><b>Sainsbury’s shares jump following takeover speculation</b></span>
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<p>Neil Wilson, chief market analyst at Markets.com, comments on Sainsbury’s being the subject of a possible takeover:</p>
<p>Sainsbury’s is undeniably a good target for private equity with a considerable store estate, with the company having more than $10bn in property assets – more than its current market cap by decent margin. </p>
<p>The Argos tie-up is another long-term growth lever and provides further scale, while profits are on the up again in the wake of the pandemic, and net debt has come down. It’s hard to beat those reliable cash flows – even without a big sale & leaseback plan the supermarkets are generating the kind of yield that is hard to get elsewhere.</p>
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<div class=”lc-post-time”>09:02 </div>
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<span><b>Thousands of office staff will carry on remote working into the autumn</b></span>
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<p class=”mol-para-with-font”>Hundreds of thousands of white-collar workers will carry on working from home well into the autumn, a Daily Mail audit has found.</p>
<p class=”mol-para-with-font”>Despite the change to Government guidance in July, the vast majority of firms had no plans to compel staff to return to the office when surveyed.</p>
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Thousands of office staff will carry on remote working into the autumn
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The businesses sticking with remote working are some of Britain’s biggest, from banking giant HSBC to energy firm BP, telecoms provider Vodafone, Centrica and publisher Pearson.
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<div class=”lc-post-time”>08:53 </div>
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<span><b>Why Waitrose ‘is the worst for fresh online deliveries'</b></span>
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<p class=”mol-para-with-font”>It is news likely to have middle Britain choking on its avocado on sourdough.</p>
<p class=”mol-para-with-font”>According to research, food delivered from upmarket chain Waitrose is likely to go off quicker than items bought from its main rivals.</p>
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Why Waitrose ‘is the worst for fresh online deliveries’
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According to research, food delivered from upmarket UK chain Waitrose is likely to go off quicker than items bought from its main rivals.
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<div class=”lc-post-time”>08:47 </div>
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<span><b>Sainsbury’s shares jump 9% after reports of private equity takeover talks</b></span>
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<p class=”mol-para-with-font”>Sainsbury’s could be next on the shopping list for private equity predators as the £7billion Morrisons deal puts the spotlight on UK supermarkets.</p>
<p class=”mol-para-with-font”>Major American buyout group Apollo is thought to be among the firms eyeing up Sainsbury’s, Britain’s second-largest grocer.</p>
<p class=”mol-para-with-font”>City analysts believe it would be a natural next target after the £6.8billion takeover of
<p class=”mol-para-with-font”>Shares in Sainsbury’s have risen 9 per cent to <span class=”IsqQVc NprOob XcVN5d wT3VGc”>321p, making it the top riser on the FTSE 100.</span></p>
<p class=”mol-para-with-font”><span class=”IsqQVc NprOob XcVN5d wT3VGc”>Full story below…</span></p>
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American buyers ‘are looking to swoop’ on Sainsbury’s, analysts say
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US buyout group Apollo is thought to be among firms eyeing up Sainsbury’s, Britain’s second-largest grocer. City analysts believe it would be a natural next target after the sale of Asda last year.
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<div class=”lc-post-time”>08:39 </div>
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<span><b>Government clamps down on ‘Covid cowboys'</b></span>
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<p class=”mol-para-with-font”>The Government has announced a crack down on ‘cowboy’ behaviour by companies who take advantage of holidaymakers with misleading prices for
<p class=”mol-para-with-font”>Health Secretary highlighted 82 private travel testing firms who are to be issued with a two-strike warning and could be struck off the official gov.uk list.</p>
<p class=”mol-para-with-font”>Companies will be removed from the website list if they fail to take action within three days of strike one as part of the new two-strike policy. </p>
<p class=”mol-para-with-font”>Full story below…</p>
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More than 80 travel test companies warned over misleading prices
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The Government has announced a two-strike system where companies who are carrying out misleading practises or delivering poor service will be removed from the approved list.
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<div class=”lc-post-time”>08:24 </div>
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<span><b>Rental home demand hits record high but more landlords want to sell</b></span>
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<p class=”mol-para-with-font”>Landlords say demand for rented homes is at its highest in five years as Covid restrictions ease – but fewer want to buy new properties to let, leading to fears of a supply shortage.</p>
<p class=”mol-para-with-font”>The National Residential Landlords Association said a survey of its members showed that nearly 39 per cent believed demand for homes to rent increased in the second quarter of 2021 (April to June) – a five-year high and an eight percentage point increase on the first quarter. </p>
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Rental home demand hits record high but more landlords want to sell
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Tenant demand for homes is the highest it has been since 2016 – but fewer landlords want to buy new properties to let and some even want to sell.
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<div class=”lc-post-time”>08:16 </div>
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<span><b>Morrisons takeover deal facing petrol forecourt probe</b></span>
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<p class=”mol-para-with-font”>Regulators could call in the proposed £7billion takeover of Morrisons by US private equity giant Clayton, Dubilier and Rice (CD&R) over concerns about the number of petrol stations the group would own. </p>
<p class=”mol-para-with-font”>Officials at the Competition and Markets Authority are tracking the bumper deal closely, City sources said, and are on alert to potentially launch an investigation. </p>
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Morrisons takeover deal facing petrol forecourt probe
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Officials at the Competition and Markets Authority are tracking the bumper deal closely, City sources said, and are on alert to potentially launch an investigation.
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<div class=”lc-post-time”>08:12 </div>
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<span><b>The FTSE-100 index opened at 7087.90</b></span>
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<p>The pound at 8am was 1.3649 dollars compared to 1.3625 dollars at the previous close.</p>
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