Cost of living squeeze deals financial crisis level blow to Brits’ optimism April 4, 2022 Brits’ optimism is eroding at the fastest pace since the financial crisis amid the tightest cost of living squeeze in a generation, reveals a closely watched survey released today. A combination of inflation scaling to its highest rate in three decades, tax hikes, swelling energy bills and weak wage growth have bound together to deal [...]
London tech investors launch £30m AI and fintech fund April 4, 2022 A group of top fund managers has helped a consortium of London tech investors launch their third fund in as many years aimed at channelling funds into fast-growing AI, fintech and mobility firms. London Technology Club (LTC) is targeting raising over $40m (£30m) to be injected into between 20 and 25 investments over a one-year [...]
Exclusive: Fintech Review author pushes ministers for capital markets overhaul April 4, 2022 The author of a government-commissioned review of fintech has written to ministers warning major reform of the UK’s capital markets is needed if they are to compete on the world stage, City A.M. has learned.
Household energy bills could rise £600 this winter April 3, 2022 Household energy bills could rise over £600 this winter, warns energy specialists Cornwall Insight as the cost of living crisis worsens.
Czech billionaire set to get $750m windfall after listing lottery operator in New York April 3, 2022 Czech billionaire Karel Komárek is set to a receive a payout worth $750m (£572m), after floating the gambling company, that is set to take over from Camelot in running the UK’s National Lottery, on the New York stock exchange. Komárek is set to be the main beneficiary of a $750m cash windfall, after he lists [...]
Co-op launches guide to help managers support women going through the menopause April 3, 2022 The Co-op is launching a guide to help its 4,500 managers help women access support dealing with the menopause. The grocer said its own internal research had found that more than half of managers in the UK do not feel confident in supporting a colleague dealing with perimenopause or menopause. A survey of 2,000 adults [...]
Lush lathers up for return to profit amid buy out of US partner April 3, 2022 Soap-seller Lush has bought out its US partner in a bid to almost double its sales in the UK. According to The Financial Times, the high street name is eager to pump cash into rebuilding its UK operations after they took a hit amid Covid restrictions. The retailer returned to profit in its last financial [...]
US officials investigate claims trader used insider information to profit from Activision’s Microsoft deal April 3, 2022 US officials have launched an investigation into whether the son of a Belgian fashion designer and a Swiss born aristocrat used insider information to profit off of Microsoft’s $68.7bn acquisition of games developer Activision Blizzard. US authorities are investigating a meeting between Activision chief executive Bobby Kotick and options trader Alexander von Furstenberg on [...]
Asda chair hammers government for ‘tin eared’ response to cost of living crisis April 3, 2022 The government has delivered a “tin-eared and slow” response to the UK’s cost of living crisis, according to the chair of Asda. Tory peer Lord Stuart Rose said chancellor Rishi Sunak should put together a new package to ease the pain of soaring costs for households, adding that “the main problem that the government has [...]
Downing Street weighs up nationalisation of Gazprom’s UK retail arm April 3, 2022 The government is preparing to nationalise Gazprom's UK supply arm amid a stand-off between the firm and a Wall Street giant,
