Former BoE deputy governor warns of rapid rate hikes to quash inflation January 24, 2022 The Bank of England has backed itself into a corner by refusing to hike interest rates despite inflation surging to historic highs, a former top official at the central bank has warned. Inertia toward the soaring cost of living during the back end of last year means the Bank will have to rush through a [...]
AIM’s market cap hits £150bn amid IPO boom January 24, 2022 London's Alternatives Investment Marketplace (AIM) grew by 33 companies in 2021, its biggest increase since 2007.
Covid-19 curbs decimate London’s retail economy January 24, 2022 Onerous restrictions on daily life during the pandemic has decimated London’s retail economy, reveals a fresh study released today. The capital’s retailers lost nearly a year’s worth of sales during the pandemic, underlining the severe blow curbs on economic activity has delivered to London’s shops, pubs and restaurants, research carried out by the Centre for [...]
Supply chain crisis threatens to plunge record number of firms into the red January 24, 2022 The global supply chain crisis is threatening to plunge a record number of companies into the red, reveals a closely watched study released today. Nearly half of the 70 listed companies that issued profit warnings in the final three months of last year blamed their poor performance on the supply chain crisis, according to research [...]
Vin Murria-backed AdvancedAdvT sweetens bid for M&C Saatchi January 23, 2022 Tech investment vehicle AdvancedAdvT has sweetened its bid for advertising group M&C Saatchi with a partial cash alternative.
Peer-backed technology firm Sensyne Health plots FTSE departure as financial issues escalate January 23, 2022 Bosses at Sensyne Health (Sensyne) are now plotting the company’s departure from the London Stock Exchange, according to The Telegraph.
CarTrawler CEO Cormac Barry on the travel sector’s long road to recovery January 23, 2022 No more PCR tests before arriving in England and most travel restrictions out of the window. International arrivals will instead be asked to take a lateral flow test on arrival and only to self-isolate if it comes back positive. The UK government’s recent announcements were warmly welcomed by the UK’s aviation and tourism sectors, including [...]
Imminent US Fed rate hike cycle to jolt London markets this week January 23, 2022 Strong signals from the US Federal Reserve that a rate hike cycle is imminent at its latest meeting this week could jolt London’s financial markets. The Fed’s Federal Open Market Committee (FOMC), its group of rate setters, are expected on Wednesday to hint that a series rate rises will start in March. The world’s most [...]
Brexit: Finland, Luxembourg, Portugal and Greece are exploiting Brexit as UK exporters are being ‘replaced’ January 23, 2022 Smaller EU countries are benefitting from Britain’s departure from the European Union. This is largely because they fill up the Brexit exporters’ spots. In fact, this situation could reduce the UK’s exports to the EU by -7.73 per cent by 2025, according to new analysis shared with City A.M. this week. The top three countries [...]
Brexit onslaught: A third of all British business owners is not sure their company will still exist in a year’s time January 23, 2022 Nearly one in three fear their company will close before the end of this year, primarily as the long-term effects of Brexit start to bite, according to alarming data shared with City A.M. this week. A slightly bigger number, 37 per cent, don’t think their business will survive until the end of 2027, as more [...]