Best week for job postings

Best week for job postings

The 1-minute read to get all the money news
plus expert adviser views.

New jobs

Last week, the UK saw 181,000 new job openings - the highest number since the pandemic began. That’s been followed by a further 140,000 this week, meaning that there are 1.37 million active adverts in the UK. Thanks to the vaccine rollout being on track, experts believe this trend will continue as business confidence rises.

Trading app under fire

Robinhood has rebuffed claims that it put restrictions on crypto trading, instead claiming technical issues. This came as Dogecoin rallied to all-time highs, benefiting from Elon Musk’s tweets and the listing of crypto exchange Coinbase. Robinhood controversially placed restrictions on cryptocurrencies in January this year, in response to “extraordinary market conditions”. Regulators are now seeking to revoke Robinhood's brokerage license, on the basis that they “lured” young and inexperienced investors.

Travel firm optimistic

The boss of travel company TUI shared that they had 2.8 million bookings in March, and expect to operate up to 75% of their normal summer schedule. They have suffered heavy losses during the pandemic, and borrowed billions from the German government to stay afloat.

Cake controversy

Marks & Spencer has lodged an intellectual property claim with the High Court, arguing that Aldi’s Cuthbert the Caterpillar cake infringes its Colin the Caterpillar trademark. M&S was the first retailer to sell a caterpillar cake, but others have followed, including Waitrose, Sainsbury’s, Tesco, and Asda.