[ad_1]
Good morning. High street bellweather Next reported a halving in profits last year as the pandemic took its toll, but upgraded its forecasts for the coming year as it adapts to the switch to online shopping.
5 things to start your day
1) Deliveroo marked down by £2bn in one of worst market debuts: Deliveroo ended its first trading day down 26pc at 287.45p per share, equivalent to a value of £5.2bn, down from £7.6bn when trading began.
2) Home workers get more done during pandemic, study finds: A report has found remote working did not cause a fall in productivity at 71pc of firms, suggesting many could make the shift permanent.
3) Sanjeev Gupta’s steel empire on the brink with winding-up bid: A move to wind up Liberty Steel’s Rotherham-based division that employs 2,000 people may follow application for its commodities arm.
4) Bet365 boss takes home Britain’s biggest ever salary of £470m: Denise Coates’ record remuneration is worth £1.3m a day and almost matches the combined pay for all FTSE 100 chief executives last year.
5) £150bn Covid savings pot set to fuel economic recovery: A savings glut of epic proportions is promising to fuel the fightback from Covid-19 – so long as Britons are ready to part with their new-found loot.
Coming up today
Corporate: Carnival (Interim results); Equiniti, Hurricane Energy, Next, Provident Financial, Sportech (Full year)
Economics: Final manufacturing PMI (UK, China, Italy, Spain, Germany, France, US), jobless claims (US)
[ad_2]
Source link
