Swift backlash: Will Russia snake past Western sanctions? March 3, 2022 Sanctions are intended to choke economies for decades. This week could a sign that Russia is heading for the mire. The intended effects of Western sanctions are already materialising. This week, the rouble, Russia’s currency, collapsed around 40 per cent. The Moscow Stock Exchange has been shuttered since Monday. Concern about Russia being effectively frozen [...]
M&A slumps as war in Ukraine rattles dealmakers March 3, 2022 Global mergers and acquisitions (M&A) slumped 35 per cent last month as Russia’s invasion of Ukraine rattled global financial markets and caused a dealmaking boom to falter.
Commodities boom weighs on London’s top indexes March 3, 2022 London’s top indexes plummeted yesterday as investors ditch assets with exposure to the economic fallout of the Russia-Ukraine conflict and pour into commodities as prices continue to surge. The capital’s premier FTSE 100 index plummeted 2.57 per cent to 7,238.85 points, while the domestically-focused FTSE 250, which is more aligned with the health of the [...]
Private Equity in EMEA: Big and bigger? March 3, 2022 | City Talk M&A saw record-breaking levels across the globe in 2021. And PE activity in the EMEA region has been similarly spectacular. Will it last?
Bank of England gives website and logo face-lift in ‘inclusion’ drive March 3, 2022 The Bank of England has given its website and logo a fresh lick of paint, it announced today. A new typeface on the central bank’s website is designed to make it easier for people with dyslexia to read. The Bank has also tweaked its logo to be more “inclusive”. “The Bank of England has been [...]
ONS: Nearly all Brits pinched by cost of living squeeze March 3, 2022 Almost all Brits are feeling the pinch of the cost of living squeeze, causing them to cut back on spending, reveals official figures released today. Over eight in 10 households have noticed an uptick in their cost of living, up five percentage points over the last week, according to the Office for National Statistics (ONS). [...]
UK services economy surges after end of Plan B curbs despite inflation reaching record high March 3, 2022 Brits rushed back to pubs, bars and restaurants after the end of Plan B measures, boosting the UK’s services economy, but firms are raising prices at a record rate, reveals a closely watched survey released today. Activity among British services firms climbed to an eight month high, hitting 60.5 in February, according to IHS Markit’s [...]
City set for ‘dramatic growth’ of funds that combine ESG and Shariah as Islamic Finance underserves demand March 3, 2022 London could see a dramatic growth in the number of investment funds that combine ESG and Shariah compliance over the next two years, finance experts have told City A.M. today. Professionals working across a wide range of sectors in the Square Mile and beyond expect a dramatic growth in these funds, while half think a [...]
London Stock Exchange blocks trading of Russian firms after sell-off frenzy March 3, 2022 The London Stock Exchange (LSE) has blocked trading of 27 Russia-linked firms today after their value plummeted as investors scrambled to sever ties with Russia and limit their exposure to Western sanctions.
Cost of living crunch to intensify as firms prepare to launch price hikes March 3, 2022 Speculation inflation in the UK could breach eight per cent in April is looking even more certain as businesses prepare to hike prices to combat swelling costs, reveals a fresh survey released today. Economists’ bets on the Bank of England’s forecasts for inflation to peak at 7.25 per cent this April being undercooked are looking [...]