Omicron pushing US Fed into action January 26, 2022 | City Talk Stagflationary risks are rising as Covid variant extends disruption and central bank steps up to bring inflation under control. US inflation hit its highest level since 1982 at the end of 2021, with the consumer price index (CPI) reaching 7% year-on-year. The figures were widely anticipated, but only add to pressure on the US Federal [...]
M&G snaps up stake in wealth manager Moneyfarm January 26, 2022 Investment firm M&G has taken a stake in digital wealth manager Moneyfarm after leading a £44.1m funding round.
Credit Suisse beats investment banker in London court as £66m espionage case is thrown out January 26, 2022 A former Credit Suisse banker’s £66m lawsuit was rejected yesterday afternoon as a London court found that the banking giant was under no obligation to protect its former employee from the risk of criminal charges while he was working in Romania. Vadim Benyatov had demanded $89m, or nearly £66m, in lost earnings after a court [...]
Much-talked about £6m lawsuit by The Wolseley owner against insurance giant AXA starts in court January 26, 2022 A much-talked about lawsuit by the owner of The Wolseley and a range of other upmarket restaurants around London against insurance giant AXA has started in London’s High Court. Corbin & King is brining the £6m lawsuit to AXA Insurance over Covid-related losses, in a trial that could have wider ramifications for other UK businesses [...]
Market sentiment driven by events on Russia vs NATO over Ukraine and today’s Fed meeting January 26, 2022 European markets had a slightly more resilient tone yesterday, reversing some of their early week losses, however we still remain below the closing levels of last week, so it might be a little early to sound the all clear so to speak. US markets also saw another rollercoaster session, opening sharply lower, as they looked [...]
Sales and productivity have jumped since move to four-day work week, says London tech firm January 25, 2022 A London-based tech company has seen a 30 per cent boost in sales since moving to a four-day work week, the agency told City PM Since the change to a four-day, 32 hour working week, implemented in October of last year, technology consultancy company THRYVE ahas also seen its productivity go up by 20 per [...]
How to master social media: Five tips for writing well January 25, 2022 | City Talk Following the topic started in a previous article, here on City PM’s CFA Institute Talk, mentioning that whatever you write on social media, it is important to write it well, Eric Sim now shares some critical lessons on how to do that. When I was 14, I failed an important English literature exam at my [...]
Omicron: what’s the current picture? January 24, 2022 | City Talk The Omicron wave appears to have peaked in some countries, with the UK preparing to loosen restrictions. Mark Ainsworth, Head of the Schroders Data Insights Unit, explains what to expect next. The Omicron variant has spread rapidly since its initial detection last year but hasn’t been as severe as initially feared in terms of health [...]
Financial Conduct Authority staff mull strike action over pay changes January 24, 2022 Staff at the Financial Conduct Authority (FCA) are considering strike action over changes to pay proposed by management.
