FT News Briefing Spanish companies vie for EU recovery aid, UK nuclear plans
Dec 16, 2020
Spanish corporations are aggressively competing for substantial EU recovery funds amid financial uncertainties. Meanwhile, the UK aims to reshape London as a major shipping hub post-Brexit, introducing changes to bolster the industry. The discussion also covers the potential impact of a new nuclear power plant on the UK’s clean energy ambitions, weighing the benefits of nuclear against renewable sources. Additionally, there's a spotlight on the struggle of online brokers trying to retain clients gained during the pandemic surge.
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Spanish Companies Seek EU Funds
- Spanish blue-chip companies are vying for EU recovery funds.
- This is a departure from the usual process where the government designs projects.
UK Shipping Hub
- Post-Brexit, the UK aims to rival Singapore as a shipping hub.
- They plan to expand their tonnage tax regime, offering advantages over EU regulations.
Broker Retention Strategies
- Online brokers experienced a surge in new customers during the pandemic.
- They are now strategizing to retain these customers as market activity potentially slows.