What does the current volatility mean for energy transition investing? April 5, 2022 | City Talk The driving forces behind the energy transition remain as strong as ever and the current market volatility has only enhanced these trends. There is a lot going on in the financial markets right now. Meaningful inflation has returned for the first time in decades. Supply chains everywhere continue to be disrupted. Geopolitical and social tensions [...]
Russia-Ukraine war to send chill through UK economy April 5, 2022 Russia’s brutal invasion of Ukraine could leave gas prices twice as high as they would have been if the Kremlin had not sent troops into Kyiv for years to come, sending a chill through Western economies, reveals fresh forecasts published today. Energy prices may be permanently higher if the war in Ukraine drags on, adding [...]
Housebuilders goose London indexes after dodging £4bn cladding bill April 4, 2022 Reports of the UK government footing most of the bill for fixing the cladding scandal strengthened sentiment toward London-listed housebuilders today. The capital’s premier FTSE 100 index added 0.28 per cent to reach 7,558.92 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.53 [...]
1 Minute Market Rundown – 4th April 2022 April 4, 2022 | City Talk Russia – UkraineETH and SOL outperformingFed mind in focusS&P tops out March proved to be another strong month for employment data with the headline number inline and unemployment ticking lower. The tight labour market has reaffirmed the hawks’ calls for a 50bps hike in May by the FED. Of the remaining 6 meetings for the [...]
Exxon records record quarterly profits of $9.3bn April 4, 2022 Oil giant Exxon had record quarterly profits of almost $9.5bn, with Russia’s war in Ukraine ramping up production and the price of oil. America’s largest oil firm cashed in as the conflict pushed up oil to $114 per barrel, a seven-year high, and a 45 per cent increase from the previous quarter. Its record profits [...]
Cost of living squeeze deals financial crisis level blow to Brits’ optimism April 4, 2022 Brits’ optimism is eroding at the fastest pace since the financial crisis amid the tightest cost of living squeeze in a generation, reveals a closely watched survey released today. A combination of inflation scaling to its highest rate in three decades, tax hikes, swelling energy bills and weak wage growth have bound together to deal [...]
Czech billionaire set to get $750m windfall after listing lottery operator in New York April 3, 2022 Czech billionaire Karel Komárek is set to a receive a payout worth $750m (£572m), after floating the gambling company, that is set to take over from Camelot in running the UK’s National Lottery, on the New York stock exchange. Komárek is set to be the main beneficiary of a $750m cash windfall, after he lists [...]
Week ahead: City braces for Russia-Ukraine hit to economic activity April 3, 2022 The City will be combing through a week of closely watched economic data for signs of the Russia-Ukraine war weighing on growth. London’s premier FTSE 100 index rose 0.73 per cent last week to close at 7,537.90 points. The domestically-focused FTSE 250 index fared better, climbing 1.25 per cent. Fresh services purchasing managers’ indexes (PMI) [...]
Weekend Read: Most Brits believe their last pay rise was unfair April 2, 2022 Two in three workers think their most recent pay rise was unfair and didn’t reflect their job performance Despite this, only one in nine are actively job hunting and interviewing for a new role, new research by HR and payroll software provider CIPHR suggests. The pay rise study, based on a survey of over 1,000 employed British [...]
Londoners more worried about housing and work situation than those in any other region of the UK April 1, 2022 Those living in London are more worried about what their work and housing situation will look like when they’re older, than those living in any other region of the UK. Although Londoners are confident in their health and believe they have enough savings to last them into old age, those living in London have significant [...]
