London Stock Exchange Group begins integrating Refinitiv as it ups its dividend for 2020, Frasers Group warns some of its stores could be unviable because of business rates, Convatec expects better revenue and margins in 2021, and reports suggest Lloyds plans to become a landlord.
The Minister said, “The Job Retention Scheme has seen significant take-up in Northern Ireland, with in excess of 100,000 people furloughed.
“I have been clear that, rather than ending on 31 March, the scheme would be required for some months to come, and I called on the UK Government to extend it.
“I therefore welcome the Chancellor’s announcement that the scheme will continue until the end of September.
“The tourism and hospitality sector in Northern Ireland has been and continues to be, acutely impacted by the pandemic.
“The extension for these businesses of the 5% reduced rate of VAT to the end of September is also a welcome step.”
5
th March 2021 9:30 am
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RL pension sales down 20% due to lockdowns
It is a tough time in the world of pensions and advisers based on results out from mutual Royal London today.
Life and pension sales at the mutual dropped 20 per cent last year due to lockdowns as advisers were forced to change their business models.
Overall new life and pensions business dropped to £8.5bn as at 31 December 2020 from £10.6bn as at 31 December 2019.
Broken down individual pensions new business sales decreased by 25 per cent to £4.7bn from £6.3bn in 2019.
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