BUSINESS LIVE: Chinese economy grows 4.9%

China‘s economy has grown 4.9 percent in the third quarter from last year proving the country is back to its pre-pandemic trajectory with consumer spending and industrial production going back to normal levels. 

Guarantor lender Amigo Loans will not be allowed to transfer any assets outside the company without the permission of the Financial Conduct Authority. They will also need prior approval before paying shareholder dividends or executive bonuses.

The new boss of real estate firm Land Securities Mark Allan has set out his plan of action for the company, which will see property in London remain a priority and retail parks sold off  

Entertainment retailer Geek Retreat is planning to open 100 new stores over the next two years in a rapid expansion strategy that will see the creation of 600 jobs. The business stocks gaming culture merchandise along with games and trading cards. 

website ‘s economy has grown 4.9 percent in the third quarter from last year proving the country is back to its pre-pandemic trajectory with consumer spending and industrial production going back to normal levels. Guarantor lender Amigo Loans will not be allowed to transfer any assets outside the company without the permission of the Financial Conduct Authority.”,”headline”:”BUSINESS LIVE: Chinese economy grows 4.9%; LandSec boss sets out plan; Amigo Loans subject to new website website the UK recreate China’s digital currency trialled in website the same week the British Treasury announced new proposals to help maintain access to physical cash, around 50,000 people in China were handed 200 digital yuan, around £23, each.

Much in the way the UK government handed out ‘helicopter money’ to those eating out to help out in August, China’s version last week had the dual objective of pumping some cash into the economy while also encouraging citizens to spend digitally using their smart phones. “,”author”:”@type”:”Person”,”name”:”Harry website Khalifa’s £5.5billion London property empire is website huge £5.5billion London property empire of the mega-rich president of the United Arab Emirates has been revealed.

Sheikh Khalifa bin Zayed al-Nahyan, whose half-brother is the owner of Manchester City football club, has amassed the massive real-estate portfolio since the 1990s.”,”author”:”@type”:”Person”,”name”:”Harry website Dyson to sell Singapore penthouse at a website James Dyson and his wife are selling their three-storey luxury Singapore apartment for £34.5million, at a reported loss of £9million in just a year.

The inventor, 73, also owns a sprawling £26million mansion in the wealthy Asian city-state but has decided to cut his losses on its most expensive penthouse which he bought last June.

He sparked fury when he announced plans to move his business headquarters to Singapore in January last year despite being one of the most prominent Brexit advocates. “,”author”:”@type”:”Person”,”name”:”Camilla website trend of ‘boomerang’ young adults returning to live at website increasing trend of ‘boomerang’ young adults moving back in with their parents is here to stay, according to a study.

Researchers found that nearly two-thirds of childless single adults aged 20-34 in the UK have either never left home or had to move back in because of a precarious jobs market, 트럼프카지노신규 sky-high rents, low wages and life shocks.”,”author”:”@type”:”Person”,”name”:”Harry website Holdings shares are also in the red today…website because the subrime lender said it will need to get the City watchdog’s approval to pay out any cash to directors and dividends to shareholders from now on.

Amigo will need to get the Financial Conduct Authority’s approval to transfer money out of the company, including dividend payments, under a so-called Asset Voluntary Requirement (VReq) with the watchdog.

The FCA says it uses Vreq ‘where we suspect serious misconduct may have occurred and harm needs to be prevented immediately’. 

Amigo Holdings shares are down 5.6 per cent to 9.86p.

Full story below…”,”author”:”@type”:”Person”,”name”:”Camilla website shares down 12% as auditor PwC steps website fashion retailer Boohoo has begun the process of searching for a new auditor.

PWC has been the company’s auditor since 2014 but today it was confirmed that it will not be participating in the bidding process to stay on as the auditor.

Boohoo is in the process of overhauling its corporate governance in the wake of the independent review into its business practices after allegations that one of its third party suppliers mistreated its staff.

Last month, a top QC, who was appointed by Boohoo to probe the allegations, found that there were ‘serious issues’ in the company’s supply chain.

Shares are down another 12 per cent to 276p.”,”author”:”@type”:”Person”,”name”:”Camilla website Flybe shareholder buys collapsed website airline Flybe will be sold to a company run by one of its former shareholders – hedge fund executive Lucien Farrell.

Flybe, which went bankrupt in March after shareholders decided not to inject any more funding, should restart flying again as soon as next year.

Flybe was owned by Virgin Atlantic, Stobart Group and Cyrus Capital – the latter is run by Farrell, who is also the director of Thyme Opco, which is now buying Flybe.

EY, the administrators of Flybe, said it had agreed to a sale of the business, including the brand, intellectual property, 우리카지노계열 stock and equipment, to Thyme Opco.”,”author”:”@type”:”Person”,”name”:”Camilla website activates No Deal Brexit plans amid scramble to revive website Johnson today warned British businesses ‘time is running out’ for them to prepare for a no trade deal split from the European Union at the end of December. 

The Prime Minister has formally activated his no deal plans and is urging UK firms to step up their preparations for a disorderly divorce when the standstill post-Brexit transition period finishes. “,”author”:”@type”:”Person”,”name”:”Harry website gives up earlier website FTSE 100 is now flat at 5,920, while the FTSE 250 is up 0.25 per cent at 17,866.”,”author”:”@type”:”Person”,”name”:”Camilla website set to get emergency credit for energy bills this website struggling to pay for their energy will get emergency credit this winter under new regulations from the watchdog.

Providers will now have to offer emergency credit to customers struggling to top up their prepayment meter to provide breathing space while working out alternative arrangements to pay. Ofgem is introducing the new licence rules for suppliers from 15 December, following a consultation opened in June. “,”author”:”@type”:”Person”,”name”:”Harry website rises just above $1.website pound keeps on rising against the dollar and the euro, after falling on Friday amid fears of a no-deal Brexit.

Analysts think markets are pricing in some sort of deal between the UK and the EU.

Jasper Lawler at London Capital Group says:

The British pound is a little firmer as of Monday morning amid talk of re-writing of the UK internal markets bill. Despite a public blame game and the idea of an ‘Australia-style’ Brexit, markets are pricing-in a final compromise between the EU and UK.  

Russ Mould at AJ Bell says:

The Brexit issue continues to rumble away in the background although the reaction in the currency markets suggests the UK’s ‘no deal’ talk is seen as sabre-rattling rather than an indication that negotiations are doomed.”,”author”:”@type”:”Person”,”name”:”Camilla website pressed to adopt ‘pension bonus’ plan for low paid website earners denied free pension cash given to better paid colleagues should be compensated with a bonus into their pots from the taxman, say experts.

Critics have long demanded action over a tax flaw which means an estimated 1.5million poorly paid staff lose Government payments into their pensions, depending on the type of scheme operated by their employer.”,”author”:”@type”:”Person”,”name”:”Harry website end duty free, top brands tell website luxury brands including Ted Baker and Fortnum & Mason have warned the Chancellor that axing duty-free sales during the Covid-19 pandemic will put thousands of retail jobs further at risk. 

In an open letter to Rishi Sunak, 16 firms said removing VAT refunds for international visitors to shops would deliver a hammer blow to the fashion industry ‘at a time when it can ill afford it’. “,”author”:”@type”:”Person”,”name”:”Harry website largest cinema chain AMC offers movie theater rentals for website world’s largest cinema chain is offering the chance to rent an entire movie theater for just $99, as it struggles to stay afloat during the coronavirus pandemic.

AMC, which owns or operates approximately 1,000 theaters and 11,000 screens in 15 countries, publicized the offer on its Twitter feed on October 12, inviting people to apply for a screening.”,”author”:”@type”:”Person”,”name”:”Harry website rises despite fears of no deal website pound is rising today despite growing fears of a no deal Brexit and a ratings downgrade for the UK by Moody’s ratings agency on Friday.

On Friday, Boris Johnson said on there was no point in continuing talks and it was time to prepare for a ‘no-deal’ exit when transitional arrangements end on December 31, while the European Union said Britain needed to give ground.

Sterling is up 0.5 per cent against the dollar and the euro, with £1 buying $1.2976 and €1.1079 on currency markets this morning.”,”author”:”@type”:”Person”,”name”:”Camilla website wall Tory MPs demand reform of business website MPs in former ‘red wall’ seats are demanding reform of business rates, which they claim penalise the North.

The MPs say that because the tax is levied at the same rate across the country and shops in more deprived areas do not make as much money as those in wealthier areas, 우리카지노계열총판 shops in the North face a bigger rates burden. “,”author”:”@type”:”Person”,”name”:”Harry website markets track gains in website markets rose overnight in the wake of GDP figures showing an acceleration in growth and an upturn in consumption, with the Footsie and European markets following suit.

Investor focus is also on Brexit-related news, with Britain and the European Union set to revive negotiations on a post-Brexit trade deal later in the day.

The FTSE 100 is up 0.6% at 5,954.

The FTSE 250 is up 0.3% at 17,881.

Fiona Cincotta, an analyst at City Index, says:

Signs that China’s economic recovery is gaining momentum, plus covid vaccine optimism, coupled with US fiscal stimulus hopes are just about offsetting fears of rising covid cases in Europe and tighter lockdown restrictions.

Concerns over rising covid cases are capping gains. The UK recorded over 16,000 new daily infections as large parts of the country experienced tighter lockdown restrictions and as data revealed that the UK experienced a record number of shop closures during the first half of 2020.

With Britain facing increasingly stricter lockdown restrictions heading into winter, in addition to a less generous jobs support package from the government the outlook remains very bleak.”,”author”:”@type”:”Person”,”name”:”Camilla website to keep focus on website company said its London assets ‘represent 64% of the Landsec portfolio by value and are of a very high quality with long term leases to a strong tenant base, underpinning the financial strength of the company. London remains one of the world’s gateway cities and this portfolio represents a good source of liquidity over time, with clear potential to recycle capital out of some assets and reinvest into new growth opportunities.'”,”author”:”@type”:”Person”,”name”:”Harry website FTSE is up 0.6% to 5,956 in early website the FTSE 250 is up 0.3% to 17,881.”,”author”:”@type”:”Person”,”name”:”Harry website are braced for a busy week with pointers coming thick and website Hunter, Head of Markets at interactive investor, comments on the markets:

Investors are braced for a busy week with pointers coming thick and fast on the immediate direction of the markets.

In the US, the economic data remains mixed, with a positive retail sales figure offset by weaker than expected industrial production at the end of last week. Hopes for a pre-election fiscal stimulus are hanging by a thread, with time running down to November 3.

The last US Presidential debate on Thursday will provide the challenger with an opportunity to consolidate his current lead in the polls, while in the meantime results from the likes of Netflix and Tesla will be scrutinised to see whether the year to date share price outperformance from each (up 64% and 424% respectively) remains justifiable.”,”author”:”@type”:”Person”,”name”:”Harry website economy grows 4.9% while rest of world reels from website economy has grown 4.9 percent in the third quarter from last year proving the country is back to its pre-pandemic trajectory with consumer spending and industrial production going back to normal levels.

China fell short in the third quarter of its forecast for growth between 5.5 percent and 6 percent predicted at the start of the year before COVID-19 ravaged the globe, killing more than a million people and crippling the global economy.”,”author”:”@type”:”Person”,”name”:”Harry website

  • Camilla Canocchi

    Host commentator

  • Harry Wise

    Host commentator

12:37

Could the UK recreate China’s digital currency trialled in Shenzhen?

In the same week the British Treasury <a website new proposals to help maintain access to physical cash, around 50,000 people in China were handed 200 digital yuan, around £23, each.

Much in the way the UK government handed out ‘helicopter money’ to those eating out to help out in August, China’s version last week had the dual objective of pumping some cash into the economy while also encouraging citizens to spend digitally using their smart phones. 

12:12

Sheikh Khalifa’s £5.5billion London property empire is revealed

The huge £5.5billion <a id="mol-f01084d0-11fb-11eb-ba0e-977d40702dbe" website property empire of the mega-rich president of the United Arab Emirates has been revealed.

Sheikh Khalifa bin Zayed al-Nahyan, whose half-brother is the owner of Manchester City football club, has amassed the massive real-estate portfolio since the 1990s.

12:06

James Dyson to sell Singapore penthouse at a loss

Billionaire James Dyson and his wife are selling their three-storey luxury Singapore apartment for £34.5million, at a reported loss of £9million in just a year.

The inventor, 73, also owns a sprawling £26million mansion in the wealthy Asian city-state but has decided to cut his losses on its most expensive penthouse which he bought last June.

He sparked fury when he announced plans to move his business headquarters to Singapore in January last year despite being one of the most prominent Brexit advocates. 

11:01

Rising trend of ‘boomerang’ young adults returning to live at home

An increasing trend of ‘boomerang’ young adults moving back in with their parents is here to stay, according to a study.

Researchers found that nearly two-thirds of childless single adults aged 20-34 in the UK have either never left home or had to move back in because of a precarious jobs market, sky-high rents, low wages and life shocks.

10:51

Amigo Holdings shares are also in the red today…

That’s because the subrime lender said it will need to get the City watchdog’s approval to pay out any cash to directors and dividends to shareholders from now on.

Amigo will need to get the Financial Conduct Authority’s approval to transfer money out of the company, including dividend payments, under a so-called Asset Voluntary Requirement (VReq) with the watchdog.

The FCA says it uses Vreq ‘where we suspect serious misconduct may have occurred and harm needs to be prevented immediately’. 

Amigo Holdings shares are down 5.6 per cent to 9.86p.

Full story below…

10:48

Boohoo shares down 12% as auditor PwC steps down

Online fashion retailer Boohoo has begun the process of searching for a new auditor.

PWC has been the company’s auditor since 2014 but today it was confirmed that it will not be participating in the bidding process to stay on as the auditor.

Boohoo is in the process of overhauling its corporate governance in the wake of the independent review into its business practices after allegations that one of its third party suppliers mistreated its staff.

Last month, a top QC, who was appointed by Boohoo to probe the allegations, found that there were ‘serious issues’ in the company’s supply chain.

Shares are down another 12 per cent to 276p.

10:39

Former Flybe shareholder buys collapsed airline

Collapsed airline Flybe will be sold to a company run by one of its former shareholders – hedge fund executive Lucien Farrell.

Flybe, which went bankrupt in March after shareholders decided not to inject any more funding, should restart flying again as soon as next year.

Flybe was owned by Virgin Atlantic, Stobart Group and 메리트카지노회원 Cyrus Capital – the latter is run by Farrell, who is also the director of Thyme Opco, which is now buying Flybe.

EY, the administrators of Flybe, said it had agreed to a sale of the business, including the brand, intellectual property, stock and equipment, to Thyme Opco.

10:29

UK activates No Deal Brexit plans amid scramble to revive talks

<a id="mol-62617400-11ec-11eb-ba0e-977d40702dbe" website Johnson today warned British businesses ‘time is running out’ for them to prepare for a no trade deal split from the <a id="mol-62619b10-11ec-11eb-ba0e-977d40702dbe" website Union at the end of December. 

The Prime Minister has formally activated his no deal plans and is urging UK firms to step up their preparations for a disorderly divorce when the standstill post-Brexit transition period finishes. 

10:13

Footsie gives up earlier gains

The FTSE 100 is now flat at 5,920, while the FTSE 250 is up 0.25 per cent at 17,866.

10:13

Households set to get emergency credit for energy bills this winter

Households struggling to pay for their energy will get emergency credit this winter under new regulations from the watchdog.

Providers will now have to offer emergency credit to customers struggling to top up their prepayment meter to provide breathing space while working out alternative arrangements to pay. Ofgem is introducing the new licence rules for suppliers from 15 December, following a consultation opened in June. 

09:57

Pound rises just above $1.30

The pound keeps on rising against the dollar and the euro, after falling on Friday amid fears of a no-deal Brexit.

Analysts think markets are pricing in some sort of deal between the UK and the EU.

Jasper Lawler at London Capital Group says:

The British pound is a little firmer as of Monday morning amid talk of re-writing of the UK internal markets bill. Despite a public blame game and the idea of an ‘Australia-style’ Brexit, markets are pricing-in a final compromise between the EU and UK.  

Russ Mould at AJ Bell says:

The Brexit issue continues to rumble away in the background although the reaction in the currency markets suggests the UK’s ‘no deal’ talk is seen as sabre-rattling rather than an indication that negotiations are doomed.

09:50

Government pressed to adopt ‘pension bonus’ plan for low paid workers

Low earners denied free pension cash given to better paid colleagues should be compensated with a bonus into their pots from the taxman, say experts.

Critics have long demanded action over a tax flaw which means an estimated 1.5million poorly paid staff lose Government payments into their pensions, depending on the type of scheme operated by their employer.

09:29

Don’t end duty free, top brands tell Chancellor

Top luxury brands including Ted Baker and Fortnum & Mason have warned the Chancellor that axing duty-free sales during the Covid-19 pandemic will put thousands of retail jobs further at risk. 

In an open letter to Rishi Sunak, 16 firms said removing VAT refunds for international visitors to shops would deliver a hammer blow to the fashion industry ‘at a time when it can ill afford it’. 

09:11

World’s largest cinema chain AMC offers movie theater rentals for $99

The world’s largest cinema chain is offering the chance to rent an entire movie theater for just $99, as it struggles to stay afloat during the <a id="mol-b602a5c0-11e2-11eb-89ec-0742b98e1656" website pandemic.

AMC, which owns or operates approximately 1,000 theaters and 11,000 screens in 15 countries, publicized the offer on its Twitter feed on October 12, inviting people to apply for a screening.

08:44

Pound rises despite fears of no deal Brexit

The pound is rising today despite growing fears of a no deal Brexit and a ratings downgrade for the UK by Moody’s ratings agency on Friday.

On Friday, Boris Johnson said on there was no point in continuing talks and it was time to prepare for a ‘no-deal’ exit when transitional arrangements end on December 31, while the European Union said Britain needed to give ground.

Sterling is up 0.5 per cent against the dollar and the euro, with £1 buying $1.2976 and €1.1079 on currency markets this morning.

08:39

Red wall Tory MPs demand reform of business rates

Tory MPs in former ‘red wall’ seats are demanding reform of business rates, which they claim penalise the North.

The MPs say that because the tax is levied at the same rate across the country and shops in more deprived areas do not make as much money as those in wealthier areas, shops in the North face a bigger rates burden. 

08:33

London markets track gains in Asia

Asian markets rose overnight in the wake of GDP figures showing an acceleration in growth and an upturn in consumption, with the Footsie and European markets following suit.

Investor focus is also on Brexit-related news, with Britain and the European Union set to revive negotiations on a post-Brexit trade deal later in the day.

The FTSE 100 is up 0.6% at 5,954.

The FTSE 250 is up 0.3% at 17,881.

Fiona Cincotta, an analyst at City Index, says:

Signs that China’s economic recovery is gaining momentum, plus covid vaccine optimism, coupled with US fiscal stimulus hopes are just about offsetting fears of rising covid cases in Europe and tighter lockdown restrictions.

Concerns over rising covid cases are capping gains. The UK recorded over 16,000 new daily infections as large parts of the country experienced tighter lockdown restrictions and as data revealed that the UK experienced a record number of shop closures during the first half of 2020.

With Britain facing increasingly stricter lockdown restrictions heading into winter, in addition to a less generous jobs support package from the government the outlook remains very bleak.

08:32

LandSec to keep focus on London

The company said its London assets ‘represent 64% of the Landsec portfolio by value and are of a very high quality with long term leases to a strong tenant base, underpinning the financial strength of the company. London remains one of the world’s gateway cities and this portfolio represents a good source of liquidity over time, with clear potential to recycle capital out of some assets and reinvest into new growth opportunities.’

08:28

The FTSE is up 0.6% to 5,956 in early trading

Meanwhile, the FTSE 250 is up 0.3% to 17,881.

08:13

‘Investors are braced for a busy week with pointers coming thick and fast’

Richard Hunter, Head of Markets at interactive investor, comments on the markets:

Investors are braced for a busy week with pointers coming thick and fast on the immediate direction of the markets.

In the US, the economic data remains mixed, with a positive retail sales figure offset by weaker than expected industrial production at the end of last week. Hopes for a pre-election fiscal stimulus are hanging by a thread, with time running down to November 3.

The last US Presidential debate on Thursday will provide the challenger with an opportunity to consolidate his current lead in the polls, while in the meantime results from the likes of Netflix and Tesla will be scrutinised to see whether the year to date share price outperformance from each (up 64% and 424% respectively) remains justifiable.

08:10

China’s economy grows 4.9% while rest of world reels from coronavirus

<a id="mol-25102590-11da-11eb-89ec-0742b98e1656" website economy has grown 4.9 percent in the third quarter from last year proving the country is back to its pre-pandemic trajectory with consumer spending and industrial production going back to normal levels.

China fell short in the third quarter of its forecast for growth between 5.5 percent and 6 percent predicted at the start of the year before COVID-19 ravaged the globe, killing more than a million people and crippling the global economy.

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