Giving crypto the ministerial seal of approval comes with responsibilities April 4, 2022 As Rishi Sunak is finding out, value can be volatile. Last year he was the odds-on favourite to replace Boris Johnson in Number Ten, popular with Tory party members and (for a Cabinet minister, at least) the public at large. Alas this year, though Sunak has done very little differently, his stock isn’t quite flying [...]
Housebuilders goose London indexes after dodging £4bn cladding bill April 4, 2022 Reports of the UK government footing most of the bill for fixing the cladding scandal strengthened sentiment toward London-listed housebuilders today. The capital’s premier FTSE 100 index added 0.28 per cent to reach 7,558.92 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.53 [...]
Government outlines fintech steering body to push national sector strategy April 4, 2022 The government has outlined plans for a Centre for Finance, Innovation and Technology (CFIT) steering body today as it looks to push ahead with a national strategy for the fintech sector.
Zelensky says Bucha massacre is a ‘genocide’ as US moves to kick Russia off UN human rights body April 4, 2022 Ukraine’s president has called on the world to recognise Russia’s massacre in Bucha as a ‘genocide’. While visiting the city, just outside of Kyiv, President Zelenksy appeared in a bullet-proof vest and spoke about the alleged mass murder of civilians, revealed through gruesome images and videos shared online today. He said according to the Times: [...]
The City View: Consumer confidence dips, and the Treasury aims high April 4, 2022 Today Andy Silvester chats to City A.M. reporters Jack Barnett and Lily Russell-Jones. Jack takes us through the latest consumer confidence data from PWC, as the numbers show the sharpest rate of decline since the financial crisis in 2008, and asks whether this will translate to the job market. Lily discusses Rishi Sunak’s plans to [...]
UK poised to hit Russia with more sanctions in light of Bucha war crimes April 4, 2022 The UK will soon hit Russia with more economic sanctions in light of recent war crimes committed by Vladimir Putin’s troops, with a ban on Russian gas and coal set to come. Foreign secretary Liz Truss today said evidence of mass civilian graves in Ukraine was “truly horrifying” and that “Britain has helped lead the [...]
Female workers at Revolut paid 25 per cent less than men April 4, 2022 Revolut, one of the UK’s biggest fintech firms, pays its male workers on average a more than 50 per cent higher bonus than its female employees, it announced today. The company, known for its blue-purple debit card, also pays men a 25.2 per cent higher hourly rate compared to women. For every £1 men are [...]
Solar power pipeline exceeds onshore wind April 4, 2022 The number of solar power development plans has massively outstripped proposed onshore wind sites over the past two years.
1 Minute Market Rundown – 4th April 2022 April 4, 2022 Russia – UkraineETH and SOL outperformingFed mind in focusS&P tops out March proved to be another strong month for employment data with the headline number inline and unemployment ticking lower. The tight labour market has reaffirmed the hawks’ calls for a 50bps hike in May by the FED. Of the remaining 6 meetings for the [...]
Record revenue for Belvoir with 25 years of profit growth April 4, 2022 Estate agency Belvoir has posted record revenue, hitting 25 years of unbroken profit growth. The firm revealed a 39 per cent increase in profit before tax to £9.3m, sending shares up five per cent on Monday afternoon. Group revenue hit £29.6m, up 37 per cent, versus £21.7m in 2020. Last year was the “busiest year [...]
