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Hot Off The Wires - 9th March 2021

News


  • Bank of England Governor Andrew Bailey can see a “light at the end of the tunnel” for the economy, but signalled UK rate-setters will tread carefully on unwinding huge monetary support.

  • Deliveroo expects customer spending on its food delivery app to grow by 30-40% in 2021, implying gross transaction values of at least $5.3bn.

  • Oil prices rose to their highest levels in almost two years following an attack on a huge crude facility in Saudi Arabia.

  • House prices will rise considerably more than expected this year as government support measures and the speed of the vaccination programme provide a boost to the market, a leading property group, Savills, believes.

  • Shares in GameStop soared as much as 45% in New York yesterday as the retailer hired a board member to lead its transition into an e-commerce business.

  • New investors have poured £272m into Starling, paving the way for a flotation of the digital bank created four years ago.


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When was the modern zip invented?


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