BT in negotiations with US rival Discovery to create new sports channel February 3, 2022 BT has revealed it is in exclusive negotiations with US media giant Discovery to create a joint venture for its sports business.
Exclusive: Bank of England to launch quickest tightening cycle since 2004 February 3, 2022 The Bank of England will this year embark on the fastest rate hike cycle since 2004 in a bid to tame rampant inflation in the UK, starting at its meeting of rate setters today, reveals an exclusive City A.M. poll of top City economists. The first back-to-back rate hike in 18 years is a foregone [...]
Reddit co-founder launches $500m crypto VC fund February 2, 2022 Reddit co-founder Alexis Ohanian has raised $500m across two new VC funds focussed primarily on crypto startups.
Eurozone inflation hits record high piling pressure on ECB to act February 2, 2022 Inflation in Europe is running at its highest level ever, turning up the dial on the European Central Bank to rein in ultra-stimulative policy, reveals official figures released today. Prices are 5.1 per cent higher than they were a year ago in January, the hottest rate of inflation in the area of countries using the [...]
It’s a myth that ETFs are eating the world February 2, 2022 | City Talk ‘Software is eating the world’: so wrote the US venture capitalist Marc Andreessen back in 2011. From today’s perspective, with companies like Alphabet, Microsoft and Meta dominating the stock markets, Andreessen’s observation seems to have held up. Had BlackRock chief executive Larry Fink made similar comments about exchange-traded funds (ETFs) 11 years ago, he likewise [...]
GSK set to gain $1.25bn in HIV patent settlement with Gilead February 2, 2022 GSK is set to benefit from a whopping $1.25bn payment as part of a settlement between drug maker Gilead and its HIV department.
Government plans £6bn loan scheme to protect households from soaring energy bills February 2, 2022 Downing Street will offer struggling energy companies access to billions of pounds in state-backed loans, according to The Times.
El Salvador enlists US firm to fix government issued Bitcoin wallets February 2, 2022 El Salvador is enlisting US technological expertise to help fix bugs causing government issued bitcoin wallets to malfunction.
Middle-class favourite Ocado leads FTSE 100 higher February 2, 2022 London markets climbed this morning as middle-class favourite and online supermarket Ocado leads the FTSE 100 higher. The capital’s premier FTSE 100 index added 0.47 per cent to reach 7,571.48 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, gained 0.72 per cent to hit 22,327.31 [...]
Playtech investors block £2.7bn Aristocrat takeover bid February 2, 2022 The contest to snap up Playtech has taken a fresh turn with shareholders on track to block a takeover bid approved by the board.