Forecasts by the Bank of England of a ‘V’ shaped recovery were met with predictable scepticism as the pandemic made its reappearance early this year. If the latest projections are believed, that is precisely what is going to happen, with output set to soar away by 7.25 per cent this year leaving jobs relatively unscathed. … Read more
Optimism among Britain’s business leaders hits record levels as nation takes a major step out of lockdown Finance chiefs at leading companies are expecting a strong recovery in profits over the next 12 months At the same time expectations for hiring and investment have reached their highest levels since 2015 The UK can also look … Read more
Pound hits highest level in almost three years as optimism about the vaccine rollout grows By Daily Mail City & Finance Reporter Published: 21:50 GMT, 15 February 2021 | Updated: 21:50 GMT, 15 February 2021 Sterling rose above $1.39 for the first time since April 2018 The pound hit its highest level in almost three … Read more
Stock markets soar around the world as shares in hospitality and travel firms get a vaccine boost By Daily Mail City & Finance Reporter Published: 21:51 GMT, 15 February 2021 | Updated: 21:51 GMT, 15 February 2021 Global stock markets made a flying start to the week amid renewed optimism that the pandemic can be … Read more
Investors were given another shot of good news from Astrazeneca on the eve of its third-quarter figures. A definitive result from in-depth trials of its potential Covid-19 vaccine could be available by the end of this year, says the trial’s chief investigator Andrew Pollard. His comments come days after Britain’s health regulator, the Medicines and … Read more
George Osborne attacked Boris Johnson’s ‘optimism bias’ today, urging the Prime Minister to emulate his political hero Winston Churchill and be ‘realistic’ about coronavirus. The former chancellor criticised Mr Johnson’s attempts to tell the British people that they faced a short battle against the pandemic, saying ‘real leadership is about being realistic’. Mr Osborne, now … Read more
Are the UK and EU inching towards a post-Brexit trade deal? Optimism grows after Downing Street welcomes ‘useful exchanges’ while Brussels says ‘the tide is turning’ Downing Street says there have been ‘useful exchanges’ with EU in recent weeks An EU official said ‘it seems like the tide is turning’ after months of talks deadlock … Read more
A full-size ‘twin’ of the Mars 2020 Perseverance rover just moved into its home at NASA’s Jet Propulsion Laboratory in Pasadena, California. Optimism, a vehicle system test bed rover (VSTB), passed its first driving test in JPL’s massive assembly room with flying colors. Engineers will soon take it for a spin in the Mars Yard, … Read more
HSBC shoots down Bank of England’s optimism over the economy predicting it will shrink by 10.3% in 2020 By Lucy White For The Daily Mail Published: 21:50 BST, 19 August 2020 | Updated: 21:50 BST, 19 August 2020 Britain’s biggest lender has taken issue with predictions from the Bank of England that the economy may … Read more
Business output jumped significantly in June but optimism remains as low as it was during the credit crunch Services and manufacturing output jumped by over 10 points each last month Today, nail bars, massage studios, and beauty salons were allowed to reopen On June 15, non-essential stores were allowed to reopen by the government By … Read more