Terrible Tuesday for Rolls-Royce as shares plunge after JP Morgan downgrades firm and slashes target price April 12, 2022 Shares in engineering giant Rolls-Royce tanked this morning after bankers at JP Morgan downgraded the stock to ‘underweight’ and slashed its target price.
Cost of living grip tightens as wages trail rampant inflation April 12, 2022 The cost of living crunch is tightening its grip on Britons’ living standards in a further sign that the UK economy is hurtling towards a period of slow growth. Fresh figures published by the Office for National Statistics (ONS) today reveal pay is lagging far behind inflation, meaning households are unable to buy the same [...]
City’s prestigious Dragon Awards to focus on firms promoting socio-economic diversity April 12, 2022 Firms hiring workers from diverse socio-economic backgrounds will be the focus of the City’s prestigious Dragon Awards this year. As the ceremony returns to an in-person event for the first time since the pandemic, the City of London Corporation is looking to shine a light on companies offering opportunities to those less well off. This [...]
London Stock Exchange Group shares tumble as broker raises questions over revenue growth April 12, 2022 Shares in the London Stock Exchange Group have plunged this morning as a top broker raised questions over the firm’s long term revenue growth.
Crypto markets still slipping under pressure from worsening inflation April 12, 2022 The price of Bitcoin has since returned above $40k, but it’s still down around five per cent over the past 24 hours and 15 per cent over the week.
Brits face 12-month travel disruption following staff shortages April 12, 2022 Brits need to brace up to 12 month of travel disruption as a result of ongoing staff shortages, industry experts said. According to Kully Sandhu, Aviation Recruitment Network’s managing director, recovering from the current climate of airlines’ cancellations and airports’ disruption will take “at least the next 12 months.” Covid and the impact of Brexit [...]
EU watchdog approves foreign takeover of British firm Meggitt April 12, 2022 Brussels has given its blessing to a £6.3bn takeover of British defence company Meggitt by a US buyer.
1 Minute Market Rundown – 12th April 2022 April 12, 2022 Russia – UkraineNew Week, Same StoryCrypto SofterUS CPI in Focus It may be a new week but it certainly feels like the same story. Following FED member Brainard’s hawkish comments last week, markets continue to reprice in an incredibly hawkish FED. The current landscape seems quite straightforward: yields higher, risk markets lower and the USD [...]
Bristol e-scooter scheme may be shelved over firm’s Russian investors April 12, 2022 An e-scooter scheme in Bristol may be pulled because the company that operates it has investors with “dubious” ties to Russia. The West of England mayor Dan Norris met the chief executive of £1bn-valued Swedish firm Voi Technology this week, as he vowed to ensure the region is “not linked” with Moscow. Norris said “Voi [...]
Sky launches discount broadband following Ofcom pressure April 12, 2022 Sky is the one of the latest broadband providers to launch a discounted rates for low-income customers, following ongoing pressure from Ofcom.
