London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Fever raises $227m in round led by Goldman Sachs ahead of possible IPO January 26, 2022 Ticketing platform Fever reportedly raised $227m (£168m) in a Goldman Sachs led funding round signalling live events are making a comeback.
Wizz Air pursues expansion as losses deepen January 26, 2022 Wizz Air doubled losses in the third quarter as it expanded its workforce and fleet amid travel disruption spurred by Omicron.
Brewin Dolphin fund inflows hit £1bn in latest quarter January 26, 2022 Investment management firm Brewin Dolphin saw record discretionary inflows of £1bn in the first quarter of the financial year.
Market sentiment driven by events on Russia vs NATO over Ukraine and today’s Fed meeting January 26, 2022 European markets had a slightly more resilient tone yesterday, reversing some of their early week losses, however we still remain below the closing levels of last week, so it might be a little early to sound the all clear so to speak. US markets also saw another rollercoaster session, opening sharply lower, as they looked [...]
London markets snap back from bruising day January 25, 2022 London markets snapped back from a dismal start to the week as investors were buoyed by Monday’s Wall Street rally. The capital’s premier FTSE 100 index added 1.02 per cent to reach 7,371.46 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, climbed 0.9 per cent [...]
Transition to net-zero to cost $9 trillion each year January 25, 2022 The world would have to spend over $9 trillion a year to reach net-zero targets, reveals a fresh study released today. Total spending on weaning the global economy off carbon-intensive production processes by 2050 would reach $275 trillion, according to consultancy McKinsey and Company. The new findings underline the scale of the cost burden the [...]
Inflation and supply chain crisis to throttle UK economy, IMF warns January 25, 2022 The global supply crunch and roaring inflation will choke UK growth this year, the world’s economic watchdog warned today. A combination of the supply chain crisis rumbling on and the cost of living corroding Brits’ incomes has prompted the International Monetary Fund (IMF) to downgrade their forecasts for UK economic growth this year to 4.7 [...]
British factories prepare to launch quickest price hike cycle since 1977 January 25, 2022 British factories are preparing to launch a rapid cycle of price rises to offset a cost onslaught, reveals a closely watched survey released today. The fresh print adds to agitation at the Bank of England over inflation becoming entrenched in the UK economy as a result of businesses baking in soaring costs to their pricing [...]
Abrdn and Citi consider offering investors tokenized stakes in buildings January 25, 2022 Abrdn is reportedly partnering with Citi to allow investors to purchase digital tokens in funds, buildings and infrastructure assets.
Energy supplier Yü Group glitters in the gloom as shares soar on the London Stock Exchange January 25, 2022 Shares in independent energy supplier Yü Group have risen rapidly on FTSE AIM-All Share following strong results ahead of market expectations.