Crypto markets flat as MicroStrategy announces another massive Bitcoin purchase March 30, 2022 The price of Bitcoin is currently holding steady at about $47,400 with the Ethereum price treading water at $3,400.
Investors should stop listening to Bank of England’s rate guidance, deputy governor says March 30, 2022 Investors should stop listening to the Bank of England’s guidance on the path of interest rates, a member of the central bank’s rate setting committee said today. Ben Broadbent, a deputy governor on the Bank’s Monetary Policy Committee, sent a signal to investors urging them to stop taking their signals so seriously. Central banks issue [...]
Letters: London, get creative March 30, 2022 [Re: Post-Brexit City exodus fails to materialise as London lifts hiring, yesterday] Despite much doom-mongering, it appears London has retained its crown as a global employment hub for now. However, the City should not rest on its laurels. There is a unique tension rumbling in the recruitment market which threatens to disrupt London’s “recruitment bounce”. [...]
Ikea to close Tottenham store in £1bn plans to speed up home deliveries in London March 30, 2022 Ikea has revealed it will be shutting shop at its Tottenham store, with some 450 employees set to be impacted. However, Ikea said it has plans to retain as many individuals as possible. It is also planning to create some 600 vacancies in the capital before the store shuts. The North London store will remain open [...]
Once-fearsome Unions have let P&O off lightly as their political capital unravels March 30, 2022 A penny for the thoughts of Sir John Prescott as P&O Ferries plants itself at the top of the tree of corporate bad guys with its sacking of 800 British crew members. The Labour heavyweight and former Hull East MP started out, let’s remember, as a steward on the Cunard line at the age of [...]
Boris Johnson praises ‘immense courage’ of Tory MP coming out as trans March 30, 2022 Boris Johnson has praised the “immense amount of courage” of Tory MP Jamie Wallis, after he came out as trans this morning. The Prime Minister said he would “always give you, and everyone else, the love and support you need to be yourself”, despite making a joke last night about the phrases often used within [...]
Opinion-in-brief: Rishi is rich – he needs to stop pretending otherwise March 30, 2022 Rishi Sunak is, to put it simply, loaded. During the pandemic we chuckled at his £180 smart mug which kept his tea warm, we mocked him gently for his confessions-of-a-Peloton addict-style foibles. Many were a little taken aback when his wife, Akshata Murthy, headed to Loulou’s in Mayfair on the night after lockdown ended – [...]
Chipmaker Arm looks to transfer shares in China division to accelerate IPO plans March 30, 2022 British chipmaker Arm is preparing to transfer shares in its China division to a special purpose vehicle set up by its owner Softbank, as it looks to accelerate its move onto the public markets.
Huel: No rush for IPO as meal replacement drinks biz passes £100m revenue March 30, 2022 The CEO of start-up Huel has said its £1.50 meal replacement drinks offer struggling households affordable nutrition as inflation skyrockets. “We feel we can support [people in the cost of living crunch,] given our products start at £1.50 a meal,” CEO James McMaster told CityA.M. Households are facing sharp grocery bill increases this spring, as [...]
Polymetal reports boost in Russian demand for gold as sanctions hamper exports March 30, 2022 Russian gold miner Polymetal said it remains resilient to the impact of sanctions today after a boost in demand from Russians looking to store their cash in the traditional safe haven asset.
