Population of High Net Worth Individuals in the UK grew to 609,400 in 2021 as wealth rose globally June 14, 2022 The number of people in the UK with investable assets of $1 million or more, called High Net Worth Individuals (HNWI), rose 6.3 per cent to 609,400 in 2021 as wealth increased globally. The 2022 World Wealth Report by Capgemini on Tuesday revealed that the global HNWI population grew 7.8 per cent in 2021, with [...]
Coinbase to cut staff by 18 per cent as it warns of crypto winter June 14, 2022 Crypto exchange Coinbase will lay off 18 per cent of its workforce as it warned of a recession and a crypto winter. Coinbase CEO Brian Armstrong said the decision was based on the need to manage expenses and increase efficiency as the company looked to “stay healthy during this economic downturn”. “We appear to be [...]
Government buys stake in Sizewell C and paves way for funding June 14, 2022 The government has made progress on its proposed funding scheme for nuclear power, with Sizewell C set for taxpayer backing.
TEN campaigners arrested after daubing Treasury with red paint in fossil fuel protest June 14, 2022 The front of HM Treasury’s building was daubed with red paint as 10 Just Stop Oil campaigners were arrested accused of crimes including criminal damage and causing a public nuisance. Environmental protestors were pictured on the grass in front of the building on Monday with red paint on the pavement, before police arrived to detain [...]
EP: 139 Royal Ascot – Thursday June 14, 2022 The Gold Cup, run over two and a half miles, takes centre stage at Royal Ascot on Thursday when Frankie Dettori teams up with his old favourite stayer Stradivarius, who looks to win the Group 1 prize for a fourth time. The Norfolk Stakes and Ribblesdale Stakes, both Group 2 contests, also take place on [...]
Five doodles to explain climate investing in multi-asset June 14, 2022 | City Talk Our multi-asset investment team has drawn five doodles that help you understand how they think about climate investing. 1. Sustainability is a two-way thing All investors should consider the impact of the climate on their portfolio. But investors whose portfolios have a sustainability objective should go one step further. They should consider the impact their portfolio [...]
1 Minute Market Rundown – 14th June 2022 June 14, 2022 | City Talk Celsius Insolvent?Risk ClatteredAll Eyes on Powell It was crypto that led the charge down both yesterday and over the weekend, with ETH at the vanguard. BTC had its worst single day performance in a year, while ETH slumped 18% over further concerns around its proposed merge. News on the day of Celsius’s insolvency exacerbated the [...]
Tough start to the week gets even tougher for Bitcoin June 14, 2022 The overall market capitalisation of cryptocurrencies fell below $1 trillion for the first time since early 2021, while crypto-related stocks plunged.
16,000 British Airways staff consulted on strike action as firm hopes to avoid ‘disappointing’ move June 14, 2022 British Airways has said possible strike action by 16,000 of its workers is “disappointing” as it seeks to avert summer travel disruption. The UK’s flagship airline is facing further chaos and delays if industrial action goes ahead, following a consultative ballot held by Unite. 97 per cent of those asked backed possible strikes over pay [...]
Zelensky makes last ditch appeal to Germany for support as Russia encircles city of Sievierodonetsk June 14, 2022 Ukraine’s president Zelensky has appealed to Germany to give full support to Kyiv as Russia cuts off all routes to the eastern city of Sievierodonetsk. Kyiv’s leader appealed to Germany’s Chancellor Scholz to decide that “there can’t be a trade-off between Ukraine and relations with Russia.” This comes as the Kremlin’s troops destroyed the last [...]