London set for private equity takeover frenzy as market settles August 17, 2022 London is set for a flurry of takeover deals as flush-with-cash private equity firms put money to use as market turbulence begins to settle, analysts have said.
Bank of England’s recession warning hits UK consumer confidence August 17, 2022 Fears of a protracted recession as long as the one caused by the financial crisis is weighing on Brits’ optimism, a new survey released today showed. Consumer confidence dipped four points at the beginning of August, according to Bank of America. “Confidence remains weak, consistent with recession, and all components worsened,” the Wall Street giant [...]
UK told it must lift digital trade barriers August 17, 2022 Digital trade barriers risk fragmenting the world into regional and national “splinternets” unless governments agree on a shared approach to data regulation and transfers. Financial services lobby TheCityUK yesterday warned that digital trade has become increasingly difficult and costly, with restrictions on international data transfers more than doubling in the last five years. It said [...]
Number of company administrations set to rise this year, analysts predict August 16, 2022 More UK companies are set to enter administration this year than last year, analysts have warned. Risk consultancy Kroll said yesterday that it predicted that the UK could face up to 895 company administrations in 2022, compared to just 659 in 2021. So far there have been 522 administrations this year, with an average of [...]
Easing China economy slowdown fears sends miners to top of London’s FTSE 100 August 16, 2022 Easing fears over a slowdown in the Chinese economy boosted London’s premier FTSE 100 index today. The FTSE 100 jumped 0.36 per cent to 7,536.06 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.23 per cent to 20,336.41 points. Figures published earlier this [...]
Over half of money managers bet on global recession this year August 16, 2022 Over half of investors are fretting over the global economy tumbling into recession this year, new figures released today show. Some 58 per cent of money managers think global output will shift into reverse, up from a minority of 47 per cent, according to Bank of America’s latest global fund managers’ survey. The latest reading [...]
Westbrooke Associates: Investment Strategies for Turbulent Times August 16, 2022 | Sponsored Many factors are attributed to 2022 being one of the most volatile global markets on record. Averse to instability and the unknown, currently, markets are enduring rising inflation and geopolitical uncertainty. Taking into consideration the Ukraine conflict, disruption of Russian energy exports, rising food costs and energy prices, it’s no wonder that market volatility is [...]
Furious UK to launch dispute proceedings against EU this week for breaking Brexit trade deal August 16, 2022 The British government is planning to launch formal dispute proceedings against the European Union as soon as this week. The UK thinks Brussels is breaking their agreed post-Brexit trade agreement by excluding Britain from three international science projects, according to Bloomberg News. Britain is furious that the EU refuses to grant the UK access to [...]
Inflation deals record blow to UK workers’ living standards August 16, 2022 Surging inflation has dealt a record blow to households’ wages in a sign the UK economy is tumbling into a sharp slowdown, official figures published today showed. Brits’ pay accounting for consumer price index inflation dropped 4.1 per cent over the last three months, the biggest drop since records began in 2001, according to the [...]
Elliott sheds SoftBank stake as investor grapples with tech rout August 16, 2022 Hedge fund Elliott Management has reportedly offloaded almost its entire stake in SoftBank this year as the Japanese investment giant grapples with a market downturn this year.