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Hot Off The Wires - 2nd December 2020

News


  • Debenhams is on course to be liquidated in the new year with the probable loss of more than 12,000 jobs, compounding the crisis on the UK high street.

  • Boris Johnson suffered a big Conservative rebellion on Tuesday night, as MPs grudgingly voted to put in place the prime minister’s “tiered” system of Covid-19 restrictions in England from Wednesday morning.

  • The outgoing chief executive of Lloyds Banking Group, António Horta-Osório, will walk straight into a new job as chairman of Credit Suisse.

  • Thousands of electric scooters are set to fill the streets of 16 cities across the UK including Birmingham, Liverpool and Cambridge after Swedish scooter rental business Voi raised $160m in new funding.

  • Growth in house prices accelerated last month to its highest rate in almost six years, Britain’s biggest building society said yesterday, but market activity is at risk of slowing sharply.



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