Is Bitcoin’s fighting start to February losing momentum? February 9, 2022 After a strong start to the week, the crypto markets dipped slightly yesterday. The Bitcoin price reached a four-week high of more than $45k on Monday, but it has dropped by about two per cent in the last 24 hours and is currently changing hands at around the $43,500 mark. Can it regain momentum? Over [...]
Four day work week could close gender pay gap, argues women’s rights group February 9, 2022 Moving to a shorter working week could help to close the gender pay gap, according to a new report released today. When unpaid and paid work is combined, women continue to work longer hours than men but for less money, while overwork and overproduction are a direct cause of climate change, the Women’s Budget Group [...]
Hunting for “10 baggers” – how the UK beat the US February 9, 2022 | City Talk The ups and downs of US technology stocks dominate headlines. Before this year’s tech correction it would have been hard to miss the news, for instance, that Apple’s market capitalisation had exceeded $3 trillion. That was not too far short of the entire value of the UK stock market. What is less well known, however, [...]
Barratt boss confirms over 200 buildings fall under cladding safety review February 9, 2022 The boss of housebuilder Barratt has confirmed that more than 200 legacy properties fall within its safety review in a bid to fix the UK’s cladding crisis. Chief executive David Thomas said the company was in talks with government around its plans to get housebuilders to fork out the cash to undergo safety works on [...]
State intervention can boost our economy but only the private sector can rebalance it February 9, 2022 The government’s long awaited levelling up white paper was met with a lukewarm reception last week. One of the main complaints was that there was not enough – or in fact any – new money for the regions. Many localities have become stuck with low levels of productivity and, as a consequence, low levels of [...]
The City View with Susannah Streeter and Michael Hewson February 8, 2022 Andy is joined by CMC Markets’ Michael Hewson and Hargreaves Lansdown’s Susannah Streeter to discuss the latest economic developments
Fifa Club World Cup: Chelsea set for competition that football doesn’t know what to do with February 8, 2022 For Wednesday afternoon, when they take on Asian champions Al Hilal in the semi-finals, the Fifa Club World Cup will be the focus of Chelsea’s attention. In a season in which the Blues could in theory still win five trophies, however, it is harder to say where the competition ranks among their priorities. Such is [...]
Treasury’s £4.3bn fraud write-off likely to be eclipsed by £20bn Covid loan defaults as CBILs and BBLs are not repaid February 8, 2022 The £4.3bn of Covid loans that may have to be written-off by The Treasury due to fraud and highlighted by the recent resignation of Lord Agnew, could be eclipsed by businesses failing to repay their CBILs and BBLs Covid support loans, an industry expert warns. £73.8bn has been loaned under the above schemes to around [...]
Clifford Chance undecided on plans to ditch Canary Wharf HQ and slash size of offices February 8, 2022 Clifford Chance is weighing up plans to slash the size of its London offices, with a view to leaving its Canary Wharf headquarters and moving back into the City. However, City A.M. understands the London law firm has not yet come to a decision on whether to leave its docklands HQ or get rid of [...]
BP recovers from pandemic with £9.5bn profit February 8, 2022 BP has rebounded strongly from the pandemic with hefty annual profits of £9.5bn ($12.8bn), its best yearly result since 2013.