Producer of The Irishman backs NFT’s first step into Hollywood December 1, 2021 Production company NFT Studios announced “the first-ever Hollywood feature film to be fully funded” by “non-fungible tokens”, with Niels Juul, the exec producer behind Martin Scorsese’s The Irishman, as the founder. The production company is the first in its kind to fund a series of movies entirely through NFTs, which are ways of owning the [...]
Bullish Omicron assessments boost global markets December 1, 2021 A string of bullish assessments from global health leaders downplaying the severity of the Omicron variant boosted global markets yesterday. Investors shook off concerns over the Covid-19 variant derailing the world’s fight against the pandemic and poured back into stocks. London’s premier FTSE 100 index shot up 1.55 per cent to close at 7,168.68 points [...]
US Fed chief Powell insists inflation will pull back despite casting doubt over central bank’s forecasts December 1, 2021 The chief of the US Federal Reserve today insisted price rises in America should pull back from a three-decade high in the middle of next year despite casting doubt over the central bank’s own inflation forecasts. Jerome Powell said the Fed expects inflation to fall “significantly” in the second half of next year, while in [...]
Long term shipping costs up 465 per cent amid supply chain crisis December 1, 2021 Industry experts have warned politicians that supply chain disruption is having a big impact on the costs of shipping contracts.
OECD hikes UK economy forecast propelling Britain to top of G7 table, but inflation set to bite December 1, 2021 The organisation overseeing the world’s richest economies hiked its forecasts for the UK economy this year and next year, propelling Britain to the top of the G7 rankings for growth. The UK economy will expand 6.9 per cent this year, 0.2 percentage points higher than previously expected, according to the Organisation for Economic Development’s (OECD) [...]
Business travel equilibrium unclear to everyone, Virgin Atlantic boss says December 1, 2021 Virgin Atlantic’s chief executive Shai Weiss believes business travel forecasts are still very unclear to all airlines, because of the pandemic’s unpredictable nature and the consequent measures taken by governments to curb the spread of the virus. Speaking on a panel at London’s World Aviation Festival today, Weiss stated that despite seeing a recovery of [...]
Exclusive: LV= CEO Mark Hartigan on the controversial £530m takeover by Bain Capital, ten days ahead of the vote of his life December 1, 2021 Last week, Liverpool Victoria (LV=) , the 178-year old mutually owned life insurance and pensions provider, turned down an improved offer from its competitor Royal London, which had proposed dismantling the business. The development came amid increasing criticism over a £530m proposed takeover of LV= by Bain Capital, as non-profit members would receive just £100 [...]
UK factories stung by ‘relentless’ cost hikes as supply chain crisis rumbles on December 1, 2021 UK factories are being stung by record cost increases as the supply chain crisis continues to drag on, according to a closely watched survey released today. Prices for raw materials and crucial inputs used by British manufacturers accelerated at the fastest pace since IHS Markit and the Chartered Institute of Procurement and Supply (CIPS) started [...]
SSE’s distribution company commits £4bn to boost infrastructure amid net zero push December 1, 2021 Scottish and Southern Electricity Networks (SSEN) Distribution will invest around £4bn over a five-year period across its network.
What are bull and bear markets? December 1, 2021 TLDR Bull market 👍 Bear market 👎 The terms “bull” and “bear” can be used to describe the behaviour and condition of financial markets or individual assets, reflecting substantial trends of 20% either upwards or downwards respectively, typically over a sustained period of time. They are also terms that reflect the sentiment of investors. Investors being [...]