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UK close to Australian trade deal Louise Moon, Simon Foy © Provided by The Telegraph Liz Truss Workspace tumbled to the bottom of the FTSE 250 after a double-downgrade by Barclays that said there is “too much” optimism being priced in about the positive impact reopening will have on flexible office space providers. Paul May, an analyst at the bank, said the downturn in London offices that started last year “could be structural rather than cyclical, with permanently lower London-office demand due to work from home”. Analysts noted that since office take-up in London...

Extinction Rebellion's vandalism betrays its hollow message Read this exclusive extract from our City Intelligence newsletter and sign up at the bottom of the article to get it every weekday lunchtime 22 April 2021 • 2:00pm First they came with colour co-ordinated hammers, now they’ve brought stickers and scuba masks too. Extinction Rebellion aims to terrify us all back to the stone age with its apocalyptic message, yet turns up with a toy box. What next, banana bread for the police and a knitting class in the back of a riot van? Still, at least there was a bit of token vandalism to even ...

If content is king, Netflix’s crown is slipping Read this exclusive extract from our City Intelligence newsletter and sign up at the bottom of the article to get it every weekday lunchtime 21 April 2021 • 2:15pm Tech stocks have been on a roller coaster ride in recent months but even by Silicon Valley’s recent topsy-turvy standards, the $20bn (£14.4bn) that traders wiped off the value of Netflix in after-hours trading on Tuesday is pretty wild. The company should probably be used to this by now. Expectations are so high when it comes to the world’s number one streaming service that ...

Darktrace float could be a bigger flop than Deliveroo Read this exclusive extract from our City Intelligence newsletter and sign up at the bottom of the article to get it every weekday lunchtime 19 April 2021 • 2:00pm After Deliveroo’s float floperoo, cyber security firm Darktrace should be the sort of company that investors scramble for a piece of.  Deliveroo is desperate to be seen as a technology pioneer but the reality is it’s not much more than a takeaway business with a phone app and a legion of poorly paid bike couriers.  The gap between hope and reality is just one of many rea...

Even Primark must succumb to the online revolution eventually Read this exclusive extract from our City Intelligence newsletter and sign up at the bottom of the article to get it every weekday lunchtime 20 April 2021 • 8:36pm There was something strangely reassuring about the queues that formed outside Primark’s Oxford Street store when high streets reopened last week. Economists still rely heavily on official data but like road traffic, restaurant bookings and more obscure measures such as the Big Mac index and even the plastic surgery indicator, the appetite for Primark’s cheap clothi...