Number of properties available for purchase before being constructed soaring to levels ‘never witnessed before’ April 5, 2022 Record numbers of homes sold will be “off plan” by the end of the year, a property group told City PM this morning. The National Association of Property Buyers believe the number of properties available for purchase before they have been constructed will soar to levels never witnessed before. According to data shared with this [...]
No more lucrative betting side gigs for top footballers as they can no longer feature in gambling ads April 5, 2022 Leading footballers will be banned from advertising gambling products under new rules to be introduced to curb their appeal to young people under the age of 18, a UK industry body has announced. In a statement this morning, the Committee for Advertising Practice (CAP) revealed the tough new restrictions, which include all top-flight footballers because [...]
MPs question why promised security review into sale of UK semiconductor giant to Chinese company is not happening April 5, 2022 The takeover of a hi-tech British company to a Chinese-owned firm has allegedly “not begun”, MPs have said as they question why it is taking the government so long. Prime Minister Boris Johnson last year asked national security adviser Sir Stephen Lovegrove to examine the purchase of Newport Wafer Fab by Nexperia for a reported [...]
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 [...]
Treasury unveils plans to regulate stable coin payments April 4, 2022 The treasury has unveiled plans to regulate stable coins today as ministers grapple with how to bring the technology under financial watchdogs’ control.
Three out of four Brits consider new job or career change as cost of living crisis messes up their lives April 4, 2022 New research shared with City PM this morning suggests that a record three out of four workers are considering a new job because of the cost-of-living crisis. Jobs site CV-Library said its study indicated that pay was now the main driver for people thinking of finding different work. Its survey of more than 4,000 professional [...]
Gold holds up amid looming fears of recession April 4, 2022 Gold prices have stabilised as fears of a recession mount, with continued geopolitical tensions and the growing expectations of an interest rate hike.
Britain must build a green economy to ‘eliminate Russian fuel from our energy mix once and for all’ April 4, 2022 Britain must build its green economy to “eliminate Russian fuel from our energy mix once and for all”, the International Trade Secretary is to argue today. Speaking during a visit to Norway, Anne-Marie Trevelyan will say the UK must first use its relationships with “reliable energy partners” to “meet our needs, protect our supply chains, [...]
