Government slashes bank surcharge in boost for the City November 17, 2022 The government has slashed a surcharge on bank profits to three per cent today in a bid to keep the UK's finance industry internationally competitive.
Matt Hancock’s eating bugs to improve his image – will the same work for me too? November 17, 2022 Spare a thought for poor former health secretary Matt Hancock, who has been so drastically misunderstood that he’s had to fly all the way to Australia to eat bugs and worms and testicles to present his “human” side to the British public. “The honest truth is there’s so few ways in which politicians can show [...]
Cryptocurrency markets continue to reflect wider volatility November 17, 2022 At $16,538, Bitcoin is trading down by less than a percentage point in the last day, while Ethereum is down by 2.7%, trading for $1,196 this morning.
As it happened and live reaction: Jeremy Hunt’s Autumn Budget 2022: UK is now in recession November 17, 2022 Welcome to City A.M.’s live updates as the Chancellor of the Exchequer, Jeremy Hunt, delivers the government’s Autumn Budget for 2022. Here the news team will bring you all the key points, policy changes, opinion, analysis, responses from experts, industry reaction and more. Get in touch and let us know your views via news@cityam.com or [...]
Private landlord titan Grainger’s profits surge by 96 per cent due to strong rental demand November 17, 2022 The UK’s largest listed residential landlord Grainger reported a huge boom in profit before tax of 96 per cent off the back of soaring demand. The company’s books looked healthy for the financial year with net rental income up 22 per cent and record occupancy 98 per cent levels. This comes as millions of people [...]
From Reece James to Paul Pogba: 10 football favourites you won’t see at the Qatar World Cup November 17, 2022 Reece James is the latest footballer to agonisingly miss out on a place at the 2022 World Cup, the Chelsea and England defender confirmed on Twitter earlier this week. After suffering a knee injury against A.C. Milan, discussions between James and England manager Gareth Southgate concluded that the Chelsea full back would be in no condition to [...]
UK assets in focus this week November 16, 2022 | City Talk This week’s focus in markets apart from the US’s weak inflation print last week is on Sterling and the FTSE in the wake of a raft of economic data points, as well as the new Chancellor Jeremy Hunt’s Autumn statement on Thursday the 17th. UK inflation this morning came in at a level not seen [...]
Bankman-Fried claims FTX has £7.6bn assets as bankruptcy shockwaves continue November 16, 2022 FTX founder Sam Bankman-Fried claimed that the firm still had $9bn (£7.6bn) in assets today as it scrambles to raise cash to pay back creditors following its collapse.
Flowing to an “oasis of stability” November 16, 2022 | Sponsored Kazakhstan is emerging as a key investment opportunity as the nation spreads its wings economically and enters a new phase of its political development under President Kassym-Jomart Tokayev. Businesses including satellite company OneWeb and US technology group Honeywell have recently begun operations in the country, while international investors Franklin Templeton, VPE Capital and Vedra Partners [...]
Crypto markets looking for a foothold as uncertainty continues November 16, 2022 Bitcoin is down less than a percentage point from yesterday, trading at $16,737 this morning, while Ethereum has shed 2.8%.