Valentine’s Day: The stocks and companies that have stolen City fund managers’ hearts February 14, 2022 As it is Valentine’s Day, City PM checked in with several City-based fund managers to reflect on the investments that have stolen their hearts in recent times. For Ken Wotton, co-manager of the LF Gresham House UK Multi Cap Income Fund, Smart Metering Systems (SMS) stands out. The company installs and operates smart meters and [...]
Young workers cooped up in flats have budgets squeezed by home working February 14, 2022 Young renters cooped up in small flats amid working from home orders during the pandemic have had their budgets squeezed, revealed official figures released today. Almost every person in the UK living in rented housing was hit with higher energy bills, according to research by the Office for National Statistics (ONS). Younger workers just starting [...]
Bank of England to send rates to decade-high by this summer February 14, 2022 The Bank of England will raise interest rates to their highest level in over a decade by the summer, City experts are forecasting. Soaring inflation will prompt the Bank to ignore the potential hit to the economic recovery from a sharp reduction in Brits’ spending power and send rates to 1.25 per cent by August, [...]
Intel new crypto mining chip ‘1000 times’ better than alternatives February 14, 2022 Intel Corp has launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the crypto boom.
UK inflation to scale even higher as cost of living squeeze tightens February 14, 2022 Inflation will soar even further above a near three decade high this week as the squeeze on households tightens its grip, City experts are betting. Fresh figures released by the Office for National Statistics (ONS) on Wednesday will reveal the the cost of living is running at 5.5 per cent, according to the consensus forecast [...]
Taxman seizes three NFTs amid growing fraud concerns February 14, 2022 The tax authority has seized its first non-fungible tokens (NFTs) amid fears criminals are concealing wealth using digital assets.
Four reasons to be optimistic about energy transition equities February 14, 2022 | City Talk After achieving remarkable gains in 2020, energy transition equities endured a more turbulent and challenging time in 2021. Shares within the sector struggled to achieve gains as supply chain pressures and higher inflation weakened profits from many companies in the sector and investors were less enthusiastic about the energy transition theme. However, despite the uncertainties [...]
Hormone-treated beef from Canada to flood UK food chain under CPTPP deal, British farmers warn February 14, 2022 Canada is pushing for hormone-treated beef to be made available across the UK once Britain joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). According to the National Farmers Union, the deal would “severely undermine British farmers” and lower the quality of meet sold across the UK. CPTPP – a trade deal among a [...]
Play by the rules: Making free trade a level playing field February 14, 2022 Two years ago in Greenwich, the Prime Minister spoke eloquently of Britain’s “re-emergence after decades of hibernation as a campaigner for global free trade”. Trade – which he described as “God’s diplomacy” – has done more than any other economic idea to raise global living standards and lift billions out of poverty. If there is [...]
John Lewis turns around losses after Christmas boost February 14, 2022 John Lewis is trading in the green following strong Christmas sales which helped the group recover from heavy losses.
