Strong signal: Vodafone revenue climbs to £9.7bn in latest quarter February 2, 2022 Mobile service provider Vodafone is ringing in the new year with solid results as revenues climbed four per cent in the latest quarter.
UK law enforcement regime not ‘up to the job’ to prevent anti-money laundering, MPs warn February 2, 2022 The UK’s law enforcement regime is not “up to the job” to prevent fraud and money laundering infiltrating the country’s financial system, according to findings by an influential group of cross-party MPs published today. It is far too easy for financial criminals to clean dirty money through Britain and the government needs to urgently strengthen [...]
Crypto VC boom shows no sign of stopping in 2022 February 2, 2022 Last year saw an explosion in crypto VC investment, with $31.6bn poured into projects in 2021. The momentum shows no sign of stopping in 2022.
Turnaround for Santander as bank takes home over €8bn in 2021 February 2, 2022 Spanish bank Santander took home over €8.1bn (£6.7bn) in 2021 profits, after enjoying its most profitable quarter for 12 years.
Slowing US economy to throttle global growth February 1, 2022 A sharp slowdown in the stateside economy is set to throttle global growth this year, Wall Street analysts are forecasting. A wave of worker absences caused by the Omicron variant sweeping across the US has led to the American economy stumbling out of the blocks in 2022, according to Goldman Sachs. Americans will slash spending [...]
Industrials rally boosts London markets February 1, 2022 A rally among mining stocks dug the foundations for a bullish day on London markets today. The capital’s premier FTSE 100 index climbed 0.96 per cent close at 7,535.78 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, finished 1.1 per cent higher at 22,167.94 points. [...]
Why the world’s whisky fans can’t get enough of Scotch February 1, 2022 | Sponsored Scottish whisky is selling fast in every corner of the globe as drinkers and collectors embrace the ‘wee dram’. In fact, in 2020, 36 bottles of Scotch were shipped every second to 166 global markets, totalling 1.1bn a year. Emerging Asian consumers are spending more than ever on Scotch, with Singapore and Taiwan now ranking [...]
Rampant inflation forces Brits to dip into Covid-19 savings February 1, 2022 Brits are unleashing the enormous stock of savings amassed over the course of the Covid-19 crisis to maintain spending amid soaring inflation, reveal fresh official figures released today. Households are turning to drawing down savings due to the intensifying cost of living crunch stretching their budgets. The combined £3.2bn jump in households savings over the [...]
Global ESG ranking of the world’s biggest banks: Which financial giants have the best credentials? February 1, 2022 Banks are increasingly vying to establish their ESG credentials in a very competitive marketplace, in the wake of last year’s COP26 climate talks and as they look to differentiate in the year ahead. For the first time, a full list of banks’ credentials has been compiled, carried out by East & Partners. The report found that BNP [...]
PMI: British factories shake off Plan B to clear swelling order backlog February 1, 2022 British factories shook off the Omicron variant and Plan B to focus on clearing a swelling backlog of work, reveals a closely watched survey released today. Business among UK manufacturers climbed at the fastest pace in half a year in January, driven by factories tackling mounting order books built up during 2021 when the trading [...]