‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Cineworld share price plunges over 50 per cent amid bankruptcy reports August 19, 2022 Cineworld’s share price has plunged more than 53 per cent today amid reports it is filing for bankruptcy. Investors bailed out of the stock, leaving it with a share price of 4.5p a piece. However, shareholders have been stepping back for more than a year. The cinema chain had been hit particularly hard by successive [...]
Citigroup Global Markets hit with £12.6m fine by FCA August 19, 2022 Citigroup Global Markets has been hit with a £12.6m fine by the UK’s financial watchdog for failing to monitor trading activities for potential cases of market abuse. The Market Abuse Regulation, introduced in 2016, means businesses must fulfil surveillance requirements on trades and orders to catch types of insider trading and market manipulation. Following an [...]
Apple says security flaw could allow full control over devices August 19, 2022 Apple has said it has discovered a serious security vulnerability in its iPhones and iPads that could let hackers take full control over their devices. In an update, Apple said it had discovered a vulnerability that could let an application “execute arbitrary code with kernel privileges,” meaning hackers could obtain full access to devices. The [...]
Best ETFs for an environment with rising interest rates August 19, 2022 | City Talk On 4th August, the Bank of England raised interest rates by an outsize 0.50% – the largest single increase since 1995, taking the Bank Rate to 1.75%. This follows on from the Fed’s second 0.75% rate hike on 27th July, as Central Banks try to rein in inflation. Whether or not interest rate rises will [...]
UK government to launch overseas hiring spree to fill Brexit care sector labour shortages August 19, 2022 The UK government is seeking to hire thousands of overseas workers to fill 160,000 vacancies in the UK’s care sector. The Department for Health and Social Care (DHSC) is exploring ways to make it easier for workers form countries including India and the Philippines to work in the UK’s social care sector, The Times reported. [...]
AGM attendance soars as shareholders press for change on ESG August 19, 2022 The number of shareholders attending annual general meetings has soared in the past year as shareholders look to hold bosses to account on issues like environmental, social and governance (ESG) and pay issues. Investors going to annual meetings has jumped 134 per cent in the past 12 months, according to data from over 4,700 global [...]
Just Eat sells £1.5bn stake in Brazilian food delivery giant August 19, 2022 Delivery giant Just Eat Takeaway has sold its stake in Brazilian counterpart iFood for €1.8bn (£1.5bn) to local internet company Movile. The 33 per cent stake in iFood, which has dominated the market share in Brazil, will bolster Movile’s food ordering and delivery segment, although it also operates across ticketing and logistics. The deal includes [...]
UK retail sales recover with the lure of summer promotion deals despite inflation August 19, 2022 Retail sales have recovered since June, as penny pinching Brits seek to navigate worsening inflation, according to official figures today. Around three quarters of adults have said they are very or somewhat worried about the rising costs of living in the past two weeks, according to a separate poll by the ONS. Sales, carried by [...]
Government spending hits £76.5bn as public sector borrowing shrinks August 19, 2022 Government spending hit £76.5bn last month, some £3.4bn more than July last year, according to official figures today. Despite rampant inflation, public sector borrowing shrank by £800m to £4.9bn in the 12-month period, the Office for National Statistics (ONS) found. However, the figure remains far higher than July 2019, prior to the pandemic. Net debt [...]
Nexperia slams former directors ahead of Newport chip decision August 18, 2022 Nexperia has accused its former board members of making “misleading claims” to influence the outcome of a national security review.