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Markets & Economics

  • Ocean Outdoor mulls sale as revenue soars

    February 16, 2022

    Advertiser Ocean Outdoor saw a strong bounce back in demand last year, following tough conditions during the Covid-19 pandemic.

  • Storegga chief on Kwasi Kwarteng’s recent trade mission to Saudi Arabia: ‘A fabulous opportunity for the UK’

    February 16, 2022

    London-based Nick Cooper, who is the chief executive officer of Storegga, developing decarbonisation projects around the world, recently returned from a UK Government trade mission to the Kingdom of Saudi Arabia. The delegation was led by by Rt Hon Kwasi Kwarteng MP, Secretary of State at the Department of Business, Energy and Industrial Strategy. The [...]

  • Half of Brits not sold on cryptocurrency

    February 16, 2022

    Scepticism towards crypto is rife in the UK with almost half of Brits unwilling to use digital assets a new survey has revealed.

  • LoopUp shares fall 35 per cent as return to the office scuppers stay at home stocks

    February 15, 2022

    Lockdown darling LoopUp proved the return to the office was in full swing yesterday, after reporting a lacklustre trading update which sent shares plummeting by more than 35 per cent. Despite reporting a 60 per cent drop in revenue from 2020 levels, the conferencing software firm sought to reassure investors, saying the drop was “in [...]

  • Cooling Russia-Ukraine tensions lift London markets

    February 15, 2022

    London markets bounced back yesterday as a seeming de-escalation in tensions between Russia and Ukraine cooled investors’ fears about an imminent invasion. The capital’s premier FTSE 100 index closed 1.03 per cent higher at 7,608.92 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 1.09 [...]

  • Global markets snap back as Russia-Ukraine tensions thaw

    February 15, 2022

    Global markets have snapped back from a bruising session yesterday driven by a thawing of Russia-Ukraine tensions. A glimpse of a pathway to a deal to avoid a war in eatern Europe sent London’s premier FTSE 100 index soaring nearly one per cent, while the domestically-focused FTSE 250 index advanced 1.06 per cent. Although not [...]

  • Britain more productive than before Covid-19 crisis

    February 15, 2022

    Britain is even more productive than it was before the Covid-19 crisis struck, reveals official figures released today. The UK produced 2.3 per cent more goods and services per hour worked compared to before the pandemic, according to figures from the Office for National Statistics (ONS). Each worker is capable of producing 0.8 per cent [...]

  • Taxman opens 20 investigations into crypto assets

    February 15, 2022

    The UK's tax authority has opened 20 criminal investigations involving digital assets as it seeks to crack down on crypto fraud.

  • UK must ‘get used to’ soaring inflation eroding living standards

    February 15, 2022

    Soaring inflation eroding Brits’ living standards is something the country needs “to get used to,” the City’s top economists warned yesterday. The alert was sparked by fresh jobs figures published yesterday indicating take home pay already being squeezed by the cost of living crisis is a sign of things to come. Real earnings slid 1.2 [...]

  • Blackstone bets big on European logistics firm with €21bn reinvestment

    February 15, 2022

    Blackstone is doubling down on its support for its European logistics company Mileway with a €21bn (£17.6bn) reinvestment.

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