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What stocks to buy as the UK reopens and recovers: One broker's suggestions Excess savings in consumer bank accounts mid-April totalled around £170bn Britain is heading for a massive rebound in economic activity according to City brokers that seemingly only a surge in cases of the Indian variant of coronavirus can halt. Berenberg’s chief economist Kallum Pickering forecasts 6.8% UK GDP growth this year and 5.5% next year, which would be the highest sustained GDP growth since the early 1980s. Three factors support Pickering’s bullish multi-year outlook for the UK economy: Pent-up househol...

Bitcoin price crash likely wiped millions off Tesla’s balance sheet Fund manager Nickel Asset Management said Elon Musk's decision to stop the electric car maker from accepting Bitcoin payments due to environmental concerns likely cost the firm US$370mln This week’s Bitcoin price crash, widely attributed to Tesla Inc (NASDAQ:TSLA) boss Elon Musk’s decision to stop the electric car maker from accepting the cryptocurrency as a form of payment amid concerns over its environmental impact, has likely come back to bite the billionaire as new analysis showed the decline could have wiped as muc...

Quarterly earnings beat expectations but streaming subscribers fell short of forecasts.

Amazon unveils plans to hire 10,000 UK workers as part of expansion strategy The new roles will increase the ecommerce giant's UK workforce to 55,000 by the end fo the year Amazon Inc (NASDAQ:AMZN) said it is planning to hire an additional 10,000 workers in the UK as well as open four new fulfilment centres as part of its expansion plans. On Friday, the ecommerce giant said the new jobs will expand its UK workforce to 55,000 by the end of 2021, adding that it is also planning to invest £10mln over three years to train up to 5,000 employees in new skills in an effort to “meet the UK’s fu...

The new capex is being spent on what should be an attractive project