Wealth manager Blackrock to offer crypto trading, say reports February 10, 2022 The world’s biggest asset manager Blackrock is reportedly planning to offer crypto trading to its investor clients.
Relx beats expectations for full year earnings as profits hit £1.69bn February 10, 2022 Telecoms, media and tech group Relx has beaten full year earning expectations with investors pocketing 87.6p per share amid soaring profits.
Scandal ridden Credit Suisse sees £1.6bn loss in latest quarter February 10, 2022 Credit Suisse's latest financial results were dragged by legal woes and a slowdown at the bank's investment and wealth management arms.
Inflation crunch to intensify as wave of firms hike prices to survive cost assault February 10, 2022 A cost assault is forcing businesses to hike prices to protect margins in a sign the UK cost of living crisis is set to get worse before it gets better, reveals a new study published today. Around three in four firms are raising prices to weather soaring energy and staffing costs in what is being [...]
Go for growth to avoid economic stagnation, experts urge February 10, 2022 Going for growth by avoiding repeatedly hiking taxes to fund an ever-expanding British state is crucial to boosting the country’s economy, experts urged today. Policymakers must escape the trap of choking economic growth by financing further government spending by repeatedly hiking taxes. John O’Connell, chief executive of the TaxPayers’ Alliance, told City PM: “Ministers must [...]
Persistent labour crunch intensifies pay pressures in sign of sticky inflation February 10, 2022 A shallower pool of available workers and growing calls among staff for employers to lift pay to offset the cost of living crunch is stoking wage tension in the jobs market, reveals fresh figures released today. Intensifying pay pressures in the jobs markets adds to the growing body of evidence indicating historically high inflation could [...]
London markets boosted by financials rally February 9, 2022 London markets soared yesterday to a two-year high driven by a rally among travel stocks after the UK government signalled it intends to scrap remaining Covid-19 rules soon. The capital’s premier FTSE 100 index rose 1.01 per cent to 7,643.42 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of [...]
Crocodile of Wall Street: Amateur rapper accused in $4.5bn Bitfinex hack February 9, 2022 Heather Morgan, one half of the couple arrested in connection with the theft of $4.5bn worth of Bitcoin, has a bizarre online presence.
Bank of England chief wonk backs ‘steady handed’ approach to rate hikes February 9, 2022 The chief wonk at the Bank of England today backed a “steady handed” approach to rate hikes despite a projected more than seven per cent inflation peak. Huw Pill, the Bank’s chief economist and successor to Andy Haldane, said the Bank needs to hold fire on pursuing an “activist” approach to tightening monetary policy. Pill’s [...]
Consumer price cap: Is the safety net fit for purpose? February 9, 2022 Ofgem remain committed to the price cap, but how much of a role has it played in the ensuing energy crisis?
