Yahoo HomeOscar is a senior city correspondent in London, covering banking and finance. He was formerly a senior reporter at Business Insider and worked for the London Evening Standard and UK Independent newspapers before that. His investigation into scams in cryptocurrency markets was shortlisted for the prestigious Gerald Loeb Awards 2018 in the beat reporting category.
Yahoo Finance UKTargeted tax rises won't derail COVID recovery, UK chancellor told
The IPPR said increases to corporation tax, capital gains tax, wealth tax, and land value tax would make a negligible impact on GDP growth.
- Yahoo Finance UK
Goldman Sachs CEO calls work from home an 'aberration'
David Solomon said staff would be going back to the office 'as soon as possible.'
- Yahoo Finance UK
Serco boss calls NHS Test and Trace criticism 'wildly unfair' as profits soar
Rupert Soames, the grandson of Winston Churchill, said test and trace had a 'bumpy start' but was now 'a remarkable success.'
- Yahoo Finance UK
3,000 jobs at risk as Asda announces major restructure
The supermarket is consulting with 5,000 staff members about an overhaul to its business. Asda plans to create 4,500 new online roles in but said 3,000 jobs elsewhere could go.
- Yahoo Finance UK
What to watch: British Gas profits dive, Corona-owner's year of COVID, and Standard Chartered profits fall
A daily overview of the top business, market, and economic stories you should be watching today in the UK, Europe and abroad.
- Yahoo Finance UK
Aston Martin losses soar to £466m
Management emphasised progress the company has made on its turnaround plan, which has been dubbed 'Project Horizon'.
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Lockdown costs Primark £1.1bn in lost sales
Closures mean the chain will have to store £260m of autumn and winter clothing in warehouses until they become seasonal again.
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Tech sell-off on Wall Street unsettles European markets
Comments from US Federal Reserve chairman Jerome Powell revived global risk appetite.
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$1tn still invested in 'dirty' coal despite Paris pledge
Institutional investors around the world have $1tn invested in the thermal coal value chain, according to new research.
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Chancellor urged to spend another £100bn driving COVID recovery
Think tank the Resolution Foundation said the government should extend COVID support measures to the end of lockdown and announce new programmes to drive growth once the economy is unlocked.
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Lloyds to axe 20% offices as it moves to 'flexible working'
The move has been prompted by COVID-19, which the bank thinks will permanently change the way staff work.
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What to watch: Metro Banks' losses widen, Reckitt buoyed by disinfectant sales, and property stocks boosted by budget speculation
A daily overview of the top business, market, and economic stories you should be watching today in the UK, Europe and abroad.
- Yahoo Finance UK
Bitcoin recovers to $50,000 as Jack Dorsey's Square invests $170m
Payment company Square has now invested 5% of its total assets in bitcoin.
- Yahoo Finance UK
Reflation trade buoys European stocks
European stocks rose on Wednesday afternoon, buoyed by optimism about the reopening of economies.
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Lloyds Bank profit crashes 70% due to COVID but dividend returns
Lloyds Bank's profits dived due to large charges for COVID-era loses.
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Brexit deal is 'day to day' battle for manufacturers
'All industry is paddling furiously below the water to keep things going,' MPs were told.
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HSBC plans to slash office space post-COVID
Staff cuts and a move to 'agile' working post-COVID mean HSBC is planning to reduce its global office space by 40% in the coming years.
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What to watch: Ocado and Just Eat hit as lockdown eases, HSBC dividend, UK unemployment higher
A daily overview of the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad.
- Yahoo Finance UK
Bitcoin leads cryptocurrency market sell-off
By Tuesday morning, the global cryptocurrency market had shrunk by 14% in 24 hours.
- Yahoo Finance UK
UK unemployment rate rises to highest level since early 2016
Official jobs figures underline the continued toll of COVID-19 despite prime minister Boris Johnson promising 'the end is in sight.'