Chief of PageGroup recruitment firm reveals plans to step down after 16 years at the helm April 12, 2022 The chief executive of PageGroup recruitment firm has revealed plans to to step down after 16 years at the helm. The announcement was made after the company had record results in the first quarter of the year, with almost £260m in gross profit, up more than 40 per cent on 2021. Making the announcement about [...]
Silicon Valley forced to become copycats as TikTok set to triple ad revenue to £8.4bn April 11, 2022 Chinese powerhouse TikTok is on track to dwarf its US rivals this year, with advertising revenue set to triple to more than $11bn (£8.4bn)
The City View: Sluggish UK economic growth, and Heathrow flying high April 11, 2022 Today Andy Silvester talks to City A.M.’s Economics and Markets reporter Jack Barnett. They go through lacklustre UK economic growth figures and why the cost-of-living crisis will hinder said growth; the latest inflation figures; the global economic recovery; and economic uncertainty to come. Andy also goes through the news: Heathrow has marked its highest number [...]
‘Cosmic’ borrowing costs stop Russian bond sales as debt teeters on brink of default April 11, 2022 “Cosmic” borrowing costs have forced Russia to stop bond sales for the rest of the year, as its debt teeters on the brink of defaulting. Sanctions on the Kremlin continued to bite, as its finance minister revealed drastic action this week. This comes after Western sanctions forced it to pay bondholders in roubles, despite it [...]
City watchdog will not oppose Amigo rescue plans in boost for firm’s survival April 11, 2022 The City watchdog has announced it will not oppose new rescue plans for beleaguered sub-prime lender Amigo Loans, after it blocked a proposed compensation scheme for customers last year.
Make like a Bridgerton and book 18th century period property Keythorpe Hall – with its own staff April 11, 2022 Whether you’re a fan of Regency-era period drama Bridgerton or can’t stand the sight of it, retreating to a stately pile in the English countryside has always been a pleasant experience, especially for Londoners. Even though restrictions have lifted for foreign travel I still love nothing more than a simple drive out of the capital [...]
Crypto prices drift downwards despite bullish Bitcoin 2022 conference April 11, 2022 The price of Bitcoin has now dropped from highs above $47k last week to just above the $42k mark this morning.
Multiple US investors signal interest in £350m deal with Farhad Moshiri for Everton April 11, 2022 Everton are the latest Premier League club to attract interest from US investors, according to reports. The Merseyside club have made huge losses under owner Farhad Moshiri, who has spent heavily on players in a failed attempt to restore the Toffees to former glories. Russia’s invasion of Ukraine has also hit Everton, who have been [...]
Letter to Boris: Sunak calls for independent advisors amid wife’s non-dom status April 11, 2022 Rishi Sunak has written to the Prime Minister this evening asking him to refer his ministerial declarations to the Independent Advisor on Ministers’ Interests.
Rishi stole the crypto thunder with an NFT as Whitehall fights to go digital April 11, 2022 Last week, away from the grinding tragedy of the war in Ukraine and the ongoing fears over rising costs of living, Rishi Sunak unveiled an eye-catching plan. The Royal Mint is set to launch its own non-fungible token (NFT), marking the beginning of the government’s plans to wade into the cryptocurrency sector. NFTs have been [...]