FCA and Bank of England launch review into nickel trading suspension by LME April 4, 2022 The LME is under pressure from UK regulators, announcing a review into its suspension of nickel trading last month.
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 [...]
Exclusive: Fintech Review author pushes ministers for capital markets overhaul April 4, 2022 The author of a government-commissioned review of fintech has written to ministers warning major reform of the UK’s capital markets is needed if they are to compete on the world stage, City PM has learned.
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) [...]
Russian Army pulls back as weekend fightback picks up: Ukrainian forces retake Kyiv suburbs despite fear of booby-traps April 2, 2022 Ukrainian forces are taking back suburbs and other areas surrounding capital Kyiv this weekend, and they have reportedly moved to retake territory north of the country’s capital amid fears that Russian forces might have set booby-traps before leaving. Ukrainian President Volodymyr Zelensky warned in his nightly video address hours earlier that departing Russian troops were [...]
More than 50,000 British researchers are ready to leave academia in unprecedented science outflux April 2, 2022 A new report from the University and College Union (UCU) warns that a vast majority of staff at high education institutions across Britain are demoralised and are considering to quite academia. Unsolved disputes about working conditions, pay and pension, with a range of strikes in recent months, have led to tens of thousands of researchers [...]
Which FTSE 100 stocks should you keep an eye on? April 1, 2022 | City Talk Despite the FTSE 100 rising last month, rising issues could cause them to fall in April. But some may resist the trend. BAE Systems (LON:BA) BAE Systems shares are up 30% to 722p year-to-date, after it was boosted by sentiment over Russia’s invasion of Ukraine and encouraging full-year results which saw sales grow by 5% to [...]
The End: Govt tells TV and film industry £500m pandemic scheme will end within weeks April 1, 2022 The so-called UK Film & TV Production Restart Scheme, which was launched in July 2020, is wrapping up, despite sustained lobbying from parts of the industry. The £500m scheme, which helped TV and film productions through the pandemic, will close at the end of the month, the government said this afternoon. The Department for Digital, [...]
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 [...]
EU launches first ever WTO challenge against UK after Brexit Britain ‘failed to give satisfactory response’ April 1, 2022 The European Union confirmed it has launched the bloc’s first ever challenge against the UK at the World Trade Organization over Britain’s green subsidy program. The European Commission, the EU’s executive body that oversees the common trade policy for all member states, argues that criteria that were used by the British government in awarding subsidies [...]
