Stateside inflation roars to highest rate since Christmas 1981 April 12, 2022 Stateside inflation has roared to its steepest level since Christmas 1981 in a sign of darker times to come for UK households, reveals official figures released today. Prices are 8.5 per cent higher than they were a year ago in the US, according to the US Bureau of Labor Statistics. The damning figures strengthen the [...]
Zuck Bucks coming next month: Facebook’s Meta plotting its own money offering via crypto launch, NFTs and small business loans April 12, 2022 Meta, the owner of social media giant Facebook, is plotting to bring its own digital currency to the market, Zuck Bucks, named after its founder Mark Zuckerberg. In addition, the company is reportedly also looking to launch a number of traditional banking services, such as providing small business loans. Zuck Bucks will not be a [...]
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How long can Russia withstand the sanctions? April 12, 2022 | City Talk In response to its invasion of Ukraine, Russia has been targeted with severe economic sanctions. How impactful will they be? We have yet to see a serious, data-driven analysis. Some predict the embargo will initiate a Russian financial collapse very quickly, while others expect it will constitute more of a long and slow drag on [...]
Cybersecurity: Opportunities – and Challenges – for UK TMT M&A April 12, 2022 | City Talk Cybersecurity is expected to be the biggest challenge and opportunity facing technology, media, and telecommunication (TMT) mergers and acquisitions professionals (M&A) in 2022, according to new research by Datasite, which surveyed 200 senior UK M&A professionals. The survey found that 54% of UK CEOs and 46% of senior M&A professionals said that cybersecurity presents the best [...]
PE view: Value creation through digitalization in M&A April 12, 2022 | City Talk The use of AI in M&A has become critical in terms of efficiency, timing, and transparency in dealmaking. The volume of data in data rooms has exploded. Technology and automation is working overtime as dealmakers look for solutions to shorten the M&A cycle. In a recent survey, 64% of the 2,000+ dealmakers polled believe that [...]
Terrible Tuesday for Rolls-Royce as shares plunge after JP Morgan downgrades firm and slashes target price April 12, 2022 Shares in engineering giant Rolls-Royce tanked this morning after bankers at JP Morgan downgraded the stock to ‘underweight’ and slashed its target price.
Cost of living grip tightens as wages trail rampant inflation April 12, 2022 The cost of living crunch is tightening its grip on Britons’ living standards in a further sign that the UK economy is hurtling towards a period of slow growth. Fresh figures published by the Office for National Statistics (ONS) today reveal pay is lagging far behind inflation, meaning households are unable to buy the same [...]
All Lloyd’s of London staff at home today as army of 60 climate activists descend on insurer’s iconic City office April 12, 2022 Lloyd’s of London asked all its employees not to come to its offices in the City this morning, the company told City A.M. Extinction Rebellion have blocked entrances and remain on the roof of the Lloyd’s Building to demand the financial giant stops insuring coal, oil, gas and tar sands that are “fuelling the climate [...]
Ukraine in shock as corpses are ‘carpeted through Mariupol’ after Russian Army kills 10,000 while fears for chemical weapon grow April 12, 2022 As Russian troops killed more than 10,000 civilians over the past six weeks in their unsuccessful fight to capture the strategic southern port of Mariupol, the city’s major said this morning that corpses are now “carpeted through the streets” of the regional hub. He spoke as western powers warned Tuesday of a continuing build-up for [...]