FTSE 100 loses one of its biggest components as mining giant BHP bows out January 31, 2022 The FTSE 100 lost one of its biggest components on Monday as miner BHP was removed from the index, after deciding to unify its dual-listed structure into one entity in Sydney. The business’s size was only eclipsed by AstraZeneca and Shell among its peers in London. Its primary listing moved to Australia, ending a decades-long [...]
UK is lagging behind on crypto assets, says Philip Hammond January 31, 2022 The UK's former chancellor has warned Britain will lose its competitive advantage in financial services if it does not ramp up its crypto efforts.
Bank of England bigwig urges firms to be ‘cautious’ about crypto January 31, 2022 A senior official at the Bank of England has urged institutional investors to be "cautious" in their approach to crypto assets.
IMF warns crypto is destabilising emerging economies January 31, 2022 An IMF official has warned that crypto's price volatility is "destabilising" capital flows in emerging markets while its use as currency poses "acute risks."
British stocks primed to reverse years of underperformance January 31, 2022 UK stocks are primed to turnaround years of underperformance and embark on a “winning streak,” according to analysis by a top City consultancy. London markets are ready to capitalise on the world’s top central banks launching a rate hike spree this year to get on top of inflation, according to Pantheon Macroeconomics. The FTSE 100 [...]
Cream of central banking crop have underestimated inflation crunch, experts warn January 31, 2022 The world’s top central banks have underestimated the stickiness of inflation spreading throughout rich economies, prompting them to launch a quicker than expected rate hike cycle this year. Measures used to quantify the severity of underlying inflation pressures will stay high even by the end of the year in most rich countries, according to fresh [...]
First-time buyer hell: The London areas where you pay more than £20k per square meter January 31, 2022 New research has revealed the most expensive areas for homebuyers in the UK. The area where your money will get you the least floor space is Kensington & Chelsea, with an average cost of £28,509 per square metre, while another affluent area ranks second, with the average house in Westminster costing just over £1m, with [...]
Exclusive: Purplebricks swings to a loss amid legal woes January 31, 2022 Online estate agent Purplebricks saw profits tumble in the first half of the year amid legal challenges and housing stock constraints.
The New State of M&A: EMEA January 31, 2022 | City Talk What does the M&A process look like for practitioners today and in the future, and how much of it can and should be automated and in what areas? These are some of the key questions we asked 860 EMEA-based M&A practitioners from corporates, private equity firms, investments banks, law and professional services firms for their [...]
EMEA 2022 M&A Outlook: What will drive deals? January 31, 2022 | City Talk M&A hit all-time highs in EMEA in 2021 and it seems activity is unlikely to slow in 2022. Deal value in the region for the year to end-Q3 2021 came in at €980bn, 100% up on the same period last year, with deal volumes climbing 49% to 7,545. Will the pace and level of M&A [...]