Global money managers in financial crisis style flight from stocks July 19, 2022 Global money managers are holding the lowest level of stocks in their portfolios since the global financial crisis in 2008, revealed a closely watched survey published today. Expectations for world economic growth dropped to the deepest point on record, as did bets on expansion in corporate earnings, Wall Street investment bank Bank of America found. [...]
Twitter v Elon Musk: Takeover trial fast-tracked to October July 19, 2022 Twitter's attempt to force Elon Musk to complete his $44bn takeover has been fast-tracked to October, with the social media titan arguing that any further delay would cause damage to the business.
FTSE 100 reverses early losses on strong Wall Street gains July 19, 2022 London markets whipsawed today as investors’ concerns about a bigger Bank of England rate rise were tamed by strong gains on Wall Street. The capital’s premier FTSE 100 index surged 1.01 per cent to 7,296.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed [...]
Singapore will widen crypto regulation and discuss possible steps later this year July 19, 2022 Singapore is set to expand the scope of its crypto regulations and will consult on proposed measures this year following a drastic crash in the crypto industry. The Monetary Authority of Singapore said most crypto regulation both in Singapore and internationally focuses on tackling money laundering and terrorist financing risks, but this will expand. “Most regulatory regimes [...]
Government unveils £75m nuclear fund to secure fuel production for new reactors July 19, 2022 Downing Street has unveiled a £75m strategy to boost investment into the production of fuel for nuclear reactors.
Netflix confirms new account sharing charges as all eyes fall on quarterly results and subscriber numbers July 19, 2022 Netflix confirmed reports that it will charge users extra if they use accounts at multiple locations as the firm cracks down on password sharing.
Heatwave investigation: Is it hot enough to fry an egg off the ground in the City? July 19, 2022 Almost a decade ago, the reflection of the sun off the Walkie Talkie – otherwise known as the Fenchurch Building – was hot enough to melt a Jaguar and fry an egg. That was due to the reflection off the skyscraper, effectively turning the entire building into a magnifying glass. The building was soon fixed, [...]
FCA poised to take more ‘proactive’ approach despite capacity strains July 19, 2022 The UK’s top financial watchdog said it was preparing to take a more “proactive” approach to identifying new financial threats today as it races to recruit staff this year to meet its growing remit.
E.ON backs ringfencing proposals as energy firms lock horns over market reforms July 19, 2022 One of the UK's largest energy firms has sided with Centrica in the escalating industry row over ringfencing customer credit balances.
HMRC takes tougher stance towards tax evasion following Covid and war in Ukraine July 19, 2022 The UK government is taking an increasingly tough stance towards tax evaders, according to new analysis from Pinsent Mason, in a sign HMRC is taking an increasingly tough stance towards tax evaders in its efforts to balance the UK’s books, lawyers have said. The number of individual taxpayers charged with tax evasion jumped 11 per [...]