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Hot Off The Wires - 20th January 2021

News


  • Hedge fund assets hit a record $3.6tn in 2020 as the industry delivered its best performance in more than a decade during the most tumultuous year for markets.

  • Ministers are increasingly concerned about the pace of the coronavirus vaccine rollout after a reduction in the supply of Pfizer-Biontech jabs.

  • More than half a million freelancers excluded from state support could be handed a last-minute lifeline, as influential MPs put pressure on the Chancellor to include them in the final round of self-employed grants.

  • Productivity increased at its fastest pace in 15 years in the three months to September as the economy bounced back from the first lockdown, according to official figures.

  • The Bank of England’s chief economist expects Britain’s economy to begin to recover “at a rate of knots” from the second quarter of this year as vaccines against the coronavirus are deployed.

  • The online greeting card and gifts retailer Moonpig has outlined plans for a £1.2bn float on the London Stock Exchange, after demand surged for its personalised products during the coronavirus pandemic.


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