BlackRock ramps up blockchain push with new exchange traded fund September 29, 2022 The world’s biggest asset manager BlackRock accelerated its push into digital assets today as it launched a blockchain themed exchange traded fund (ETF) for its European clients.
Germany rolls out £177bn support package to ease soaring energy bills September 29, 2022 Chancellor Olaf Scholz has stepped in with a historic support package to support households and businesses from soaring energy prices.
Tumbling pound puts London firms at risk of foreign takeover frenzy September 29, 2022 A sharp fall in the value of the pound could put London-listed firms at further risk of foreign takeovers after a spate of acquisitions this year, experts have warned today.
NATO condemns ‘reckless sabotage’ to Nord Stream pipeline September 29, 2022 NATO has slammed the potential sabotage of the Nord Stream pipelines, but stopped short of blaming Russia.
SoftBank begins slashing 30 per cent of staff from Vision Fund September 29, 2022 Japanese investment giant SoftBank has begun laying off staff at its flagship Vision Fund unit as it plans to slash headcount by around 30 per cent, according to reports.
Economic headwinds risk leaving UK’s small businesses underinsured September 29, 2022 The headwinds facing the UK economy risk leaving small businesses underinsured, Aviva has warned. Inflation, supply chain disruption, and labour shortages could leave UK small and medium enterprises (SMEs) at risk of facing huge bills, if the insurance policies they have fail to cover the actual costs repairing buildings or replacing assets, the insurance giant [...]
Capricorn scraps Tullow deal in favour of merger with New Med Energy September 29, 2022 Capricorn has dramatically ditched its merger with rival Tullow, instead reaching an agreement with Israeli gas group New Med Energy.
City Of London Corporation elects business veteran Nicholas Lyons as 694th Lord Mayor September 29, 2022 The City of London has elected Nicholas Lyons as its 694th Lord Mayor. The father-of-four and veteran business leader was announced as the new head of the Square Mile today, taking over the year-long role from Vincent Keaveny. Lyons, who has worked in the City for more than 40-years, pledged to represent financial and professional [...]
Amazon ups Stateside pay for frontline workers as union pressure mounts in UK September 29, 2022 Amazon has agreed to boost the average pay of frontline workers in the US, adding increasing pressure on the firm this side of the Atlantic to bolster pay. The e-commerce giant said it would boost salaries from $18 to $19 (£16.60 to £17.60) per hour, while transportation teams would earn between $16 and $26 an [...]
Don’t penalise cash-strapped Brits, FCA warns insurers September 29, 2022 The City watchdog has fired a warning shot at insurance firms today and told them to ensure they are supporting consumers as a cost of living crunch hits.