Traditional Finance Leverage CeFi Infrastructure for DeFi Profit April 1, 2022 | City Talk The relationship between traditional finance and the crypto markets had previously been upheld by a few banks allowing customers to use their fiat to convert into cryptocurrency in the safe knowledge that they could cash out at any time. The number of retail banks letting their customers use their accounts with crypto exchanges has become smaller at a time [...]
Growth in UK manufacturing sector plummets to 13-month lows April 1, 2022 Growth in the UK’s manufacturing sector has plunged to its lowest levels in more than a year, due to the impacts of soaring inflation, supply shortages, and the war in Ukraine. The rate of expansion in the UK’s manufacturing sector has dropped to its lowest levels in 13 months, according to S&P Global’s Purchasing Managers [...]
1 Minute Market Rundown – 1st April 2022 April 1, 2022 | City Talk Russia – UkraineQ1 finally behind usCrypto consolidates Well we can finally put Q1 behind us. A war few expected to happen, nominal yields had a move not often seen, oil soaring and stocks…well that’s a bit more mixed as looking at the S&P performance on the quarter you would be forgiven if you forgot how [...]
UK economy flirting with recession amid escalating inflation April 1, 2022 Escalating inflation is threatening to throw the UK economy into dangerously close recession territory, reveals two closely watched surveys. Businesses are struggling under the weight of swelling costs triggered by soaring energy bills, prompting them to launch the quickest price hike cycle on record, according to the British Chambers of Commerce (BCC). Around two in [...]
Millions of households plunged into fuel poverty today April 1, 2022 Millions of households will be plunged into fuel poverty today caused by the uplift to the cap on energy bills sending the average household annual energy bill close to £2,000, reveals fresh research published today. Some 2.5m households in England have fallen into fuel poverty due to the energy watchdog, Ofgem, raising the price cap [...]
Brewin Dolphin driven financials rally fails to lift London indexes March 31, 2022 A rally among financial stocks driven by fund manager Brewin Dolphin catapulting after news broke that one of Canada’s biggest banks will buy the firm was not enough to boost London’s top indexes today. The capital’s premier FTSE 100 index lost 0.60 per cent to close at 7,533.56 points, while the domestically-focused mid-cap FTSE 250 [...]
UK economy grows faster than first thought but contraction looms March 31, 2022 The UK economy grew faster than first thought at the end of last year, but experts warn the tightening cost of living squeeze could plunge the country into a recession. In the three months to December, the economy grew 1.3 per cent, higher than first estimated by the Office for National Statistics, according to final [...]
UK economy grew faster than anticipated after Covid spending at the end of 2021 March 31, 2022 The UK economy grew faster than anticipated in the last three months of 2021 as a frenzy of health sector activity masked inflation’s impact on household incomes. Gross domestic product (GDP) increased 1.3 per cent in the fourth quarter from the previous three-month period. The Office for National Statistics had previously provided an estimate of [...]
April cost hike storm to push businesses ‘to the brink’ March 31, 2022 A series of cost hits and fresh admin requirements landing in April threaten to push UK business “to the brink”, reveals fresh research published today. Several support packages put in place to cushion the impact of the Covid-19 crisis on firms end today and over the course of the next month, just as companies are [...]
Employers struggling to retain graduates amid cost of living squeeze and tight jobs market March 31, 2022 Employers are struggling more than usual to retain graduates amid a highly competitive jobs market, reveals a fresh survey released today. Graduate churn has reached its highest level since record began in 2011, according to the Institute of Student Employers (ISE). Firms are now retaining just over seven in 10 graduates three years after they [...]
