AJ Bell assets dip 2 per cent despite investor surge October 20, 2022 Retail investment platform AJ Bell said its customers’ assets had dipped two per cent in the past year as volatility on the markets offset a surge in investors pouring onto its platform.
Ukraine urges citizens to cut energy usage as EU squabbles over gas price cap October 20, 2022 Ukraine is encouraging its citizens to cut energy usage by 20 per cent this winter, amid growing concerns of blackouts this winter.
National Express boss: UK economic environment ‘catalyst’ for shift to coach travel October 20, 2022 The UK’s economic woes have become a “catalyst” for the modal shift to coach and bus travel, according to National Express. Chief executive Ignacio Garat told City A.M. that coach and bus travel has “proven to be the most efficient” way to get around the country. “It is the most cost effective mode of transport [...]
Schroders assets plunge £21bn as volatility rocks asset managers October 20, 2022 Schroders said its assets had plunged by nearly £21bn in the past quarter as it became the latest asset manager to report its holdings had been ravaged by geopolitical volatility and a looming recession this year.
Demand destruction? Two reasons to be sceptical October 20, 2022 Global central banks have made an ‘all-in’ effort to front-load monetary policy tightening to dampen demand. But softer economic data in the eurozone and United States have exacerbated recession fears. As the growth outlook dims, many anticipate demand destruction to lead to lower inflation. That is, tighter monetary policy and the associated higher funding costs [...]
UK is now the largest crypto economy in Europe October 20, 2022 The UK received a whopping $233 billion in raw transaction value of cryptocurrency in one year, according to an official report.
Uniswap up following strong seeding round, while Bitcoin and Ethereum continue trading sideways October 20, 2022 Bitcoin is trading for $19,129 this morning, down 0.54% since yesterday, and Ethereum is changing hands for $1,291, down by 0.51%.
Explainer-in-brief: Triple locked and loaded, the fight over pensions October 20, 2022 Among the plethora of recent U-turns, Liz Truss might have just backed herself into another corner she’ll have to reverse ferret on: the pensions triple lock. In the Commons yesterday, Liz Truss said it was a manifesto promise they were committed to keeping. We’ve heard that before. It was in stark contrast to Jeremy Hunt, [...]
Nokia tech sales dragged by expired licences as it warns on consumer spending October 20, 2022 Nokia’s tech sales have continued to be dragged down by “expired licences that are in litigation” and pending renewal, the company said today. The Finnish telecoms company, which also warned of weaker spending from consumers amid a global economic downturn, reported today that sales from its technologies business has fallen nearly 20 per cent in [...]
Net zero gas firm IOG rings changes with new CEO, CFO and COO to give ‘fresh impetus’ October 20, 2022 The CEO of net zero gas operator IOG has announced he will step down after five years in the job, with a raft of other board changes in the pipeline. Andrew Hockey will retire from the company with immediate effect, but will remain an adviser ahead of the 33rd offshore licensing round. His replacement has [...]
