Slowing business activity strengthens UK recession risk May 26, 2022 Swelling costs and fears over rampant inflation forcing consumers to slash spending are eroding British businesses’ optimism, casting doubt over whether the country can avoid a recession, two surveys published today reveal. Households are cutting discretionary purchases in response to living costs climbing at the quickest pace in four decades, research by the Confederation of [...]
Energy firms recharge as windfall tax fears ease May 25, 2022 Investors today piled back into London-listed energy firms that were pummeled earlier this week by rumours they will be spiked by the government including them in a windfall tax on the energy sector. The capital’s premier FTSE 100 index jumped 0.51 per cent to 7,522.75 points, while the mid-cap domestically-focused FTSE 250 index, which is [...]
Asset managers brace for plunge after global AuM jumps to $112tn May 25, 2022 Asset managers are braced for a plunge in the value of assets this year after notching bumper returns in 2021 that pushed the total value of managed assets to $112tn globally, new data has revealed.
Cineworld, ASOS and Boohoo: The 10 most shorted LSE stocks and the City fund managers that go after them May 25, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to the most up-to-date London Stock Exchange data. Some 8.2 per cent of its stock was held short by five investment firms, with New Holland Capital LLC holding the largest short position with 2.4 per cent of the company’s [...]
What is happening to the THG share price amidst takeover talks? May 25, 2022 | City Talk THG (LON: THG) shares are up to 139p as founder and CEO Matt Moulding mulls over takeover propositions that would take the company off the public market. But despite the share price recovery, THG’s £1.7 billion market cap is far below its £5.4 billion valuation when it launched its Initial Public Offering in September 2020. Bidding war On [...]
UK economy is ‘grinding to a halt’ amid cost of living crisis May 25, 2022 The UK economy is “grinding to a halt” as a tightening cost of living squeeze sends a chill through private sector activity, reveals a closely watched survey. Households are cutting spending in response to rampant inflation eroding their budgets, weighing heavily on the UK’s services sector, the country’s economic engine. Activity among services firms dropped [...]
City spooked by more signs of cost of living crunch chilling UK economy May 24, 2022 More signs of the cost of living crunch cooling the UK economy weighed on market sentiment in London during opening exchanges today. The capital’s premier FTSE 100 index dropped 0.39 per cent to 7,484.35 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, tumbled 1.47 [...]
City banks and insurers will book £330bn climate change loss without action to control impact May 24, 2022 The City could lose as much as £330bn over the next three decades if the UK fails to tackle climate change, the Bank of England said today. Firms will struggle to pay back loans due to costs swelling as a result of higher carbon prices, according to conclusions drawn by the Bank from its first [...]
IMF warns inflation is a ‘clear and present danger’ and is here to stay May 24, 2022 IMF First Deputy Managing Director Gita Gopinath has said that inflation “will remain significantly above central bank targets for a while.” She added: “It is very important for central bankers around the world to deal with inflation as a clear and present danger, that is something they need to deal with in a very forceful [...]
Ukraine’s Zelenskiy says he is prepared to meet Putin, but no other Russian official May 24, 2022 Ukrainian President Volodymyr Zelenskiy has said that President Vladimir Putin was the only Russian official he was willing to meet with to discuss how to end the war. Watch the full report.