Category: <span>Investment</span>

NatWest to cut banker bonus pool as it reports £351m loss
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NatWest to cut banker bonus pool as it reports £351m loss

NatWest has cut its banker bonus pool to the lowest level since its financial crisis bailout, after swinging to a full-year loss in 2020. The lender – formerly known as Royal Bank of Scotland – slumped to a loss of £351m for 2020 compared with a profit of £4.2bn a year earlier. The bank was...

Study warns of huge jobs losses in retail in England after pandemic
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Study warns of huge jobs losses in retail in England after pandemic

England’s high streets could lose up to 400,000 retail jobs as a result of more people working from home and shopping online after the coronavirus pandemic, according to a report, with affluent towns in the south among the most vulnerable. Out of the 109 towns and cities studied by the accountancy firm KPMG, Bracknell in the London...

Bitcoin tops $40,000 as investors seek hedge against inflation
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Bitcoin tops $40,000 as investors seek hedge against inflation

Bitcoin has surged above the $40,000 (£29,500) mark for the first time in its history after doubling its value in less than a month. The record comes just days after the cryptocurrency hit an all-time high of more than $34,800 on Sunday, which was also the 12th anniversary of the bitcoin network being created. Bitcoin first breached...

UK mortgage approvals at highest level in 13 years
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UK mortgage approvals at highest level in 13 years

UK mortgage approvals have risen to the highest level in 13 years, driven by the government’s stamp duty holiday and buyers reassessing their living situation during the coronavirus pandemic. Figures from the Bank of England showed the number of mortgages approved by banks and building societies for home purchases had leapt to 105,000 in November – the highest figure...

Confusion over Brexit customs rules forces retailers to suspend Northern Ireland deliveries
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Confusion over Brexit customs rules forces retailers to suspend Northern Ireland deliveries

Retailers including John Lewis and Dunelm have suspended deliveries to Northern Ireland due to uncertainty about red tape to be imposed because of Brexit. Despite Boris Johnson’s insistence that there would be no border down the Irish Sea, firms have been left scrambling to ensure they can navigate the customs declarations imposed on shipments from Great Britain. Hours...

Full Brexit trade deal ‘goes beyond Canada-style accord’
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Full Brexit trade deal ‘goes beyond Canada-style accord’

The post-Brexit trade deal agreed by the UK and the European Union goes beyond the bloc’s so-called “Canada-style” trade accord, the BBC has reported, citing a full copy of the agreement. The 1,246-page document, which includes about 800 pages of annexes and footnotes, includes a late compromise on electric cars, the corporation said. The EU had sought...

House prices will drop in 2021 as Covid impact hits, says Halifax
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House prices will drop in 2021 as Covid impact hits, says Halifax

House prices in the UK are expected to fall by up to 5% next year, fuelled by rising unemployment and the end of the government’s stamp duty holiday. Halifax, Britain’s biggest mortgage lender, said the economic fallout inflicted by the pandemic would catch up with the property market in 2021, after an unexpected boom during the...

Car battery firm scraps plan to build UK’s first gigafactory in Wales
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Car battery firm scraps plan to build UK’s first gigafactory in Wales

Efforts to build up Wales’s automotive industry have received another blow, after a company seeking to build Britain’s first large electric car battery plant abandoned south Wales in favour of a new location in northern England. Britishvolt, a startup, said it had acquired exclusive rights to a coastal site in Blyth, Northumberland, because its previously announced preference of...