Tough start to the week gets even tougher for Bitcoin June 14, 2022 The overall market capitalisation of cryptocurrencies fell below $1 trillion for the first time since early 2021, while crypto-related stocks plunged.
36,000 new millionaires created off back of property boom despite cost of living pinch June 14, 2022 While many Brits continue to struggle with the cost of living crisis, there were 36,000 new millionaires in the UK over the last 12 months. A boom in property helped the High Net Worth Individual (HNWI) population of the UK grow by 6.3 per cent in 2021, as wealth increased by almost 7.5 per cent [...]
Allica Bank bags £55m funding led by British Business Bank subsidiary June 14, 2022 Fintech business lender Allica has bagged a fresh £55m round of funding today to “fuel its continued growth” as it eyes up profitability this year.
Brits’ living standards drop at quickest pace in over a decade June 14, 2022 Brits’ living standards are falling at the fastest pace in over a decade caused by historically high inflation outstripping pay, reveals official figures published today. Take home pay, accounting for price rises, dropped 2.2 per cent over the three months to April, the steepest fall since 2011, according to the Office for National Statistics (ONS). [...]
Jurassic World game developer Frontier posts record £114m revenue as sales surge June 14, 2022 Shares are up over 20 per cent for video game giant Frontier Developments after the Jurassic World game maker posted record revenue of £114m this morning. Revenue was up 26 per cent from the previous year, which was buffered by the new Jurassic film momentum, as well as the forthcoming F1 Manager game. Sales for [...]
Exclusive: Go-Ahead’s buyers not afraid of bidding war with Kelsian June 14, 2022 The Australian-Spanish consortium that has made an offer of around £650m for Go-Ahead said it’s not worried about a war with the group’s other bidder, tour operator Kelsian. “Our offer presents a very strong premium,” said Michael Sewards, the chief executive of one of the consortium’s two partners, Australian bus operator Kinetic. “We think now [...]
Where next for WH Smith shares? June 14, 2022 WH Smith could be one of Covid’s big winners. The retailer is expected to release their latest trading update on Wednesday. It is sometimes said of WH Smith that if it didn’t exist, one wouldn’t invent it. However, the retailer, which is due to post a trading update this Wednesday, could be one of the Covid pandemic’s [...]
Explainer-in-brief: Priti Patel bets big on Rwanda June 14, 2022 Today was set to be the first flight from the UK to Rwanda as Priti Patel marked the start of the Home Office policy to send refugees to the African nation. It has been mired by controversy and legal challenges. The number of migrants ending up on today’s flight is set to be low – [...]
16,000 British Airways staff consulted on strike action as firm hopes to avoid ‘disappointing’ move June 14, 2022 British Airways has said possible strike action by 16,000 of its workers is “disappointing” as it seeks to avert summer travel disruption. The UK’s flagship airline is facing further chaos and delays if industrial action goes ahead, following a consultative ballot held by Unite. 97 per cent of those asked backed possible strikes over pay [...]
Property site OnTheMarket revenue leaps a third, but advertisers dwindle June 14, 2022 Revenue has leapt a third at property website OnTheMarket over the past year, topping £30.4m as the UK’s real estate sector swells in value. Property prices have hit new records every month this year, as the pandemic-era race and stamp duty holiday fuelled a frenzy in the market, which has bled into 2022. The market [...]
