1 Minute Market Rundown – 24th March 2022 March 24, 2022 Russia – UkraineYields in focusCrypto consolidates Rates markets continue to dominate proceedings with yields continuing to push higher but risk is holding in rather well. Looking across equities and crypto it feels like the dips are getting shallower and we are putting in higher lows. We have been saying crypto has been quietly bid and [...]
Growth forecasts and a lack of ambition portend a grim economic future March 24, 2022 For all the pageantry of yesterday’s spring statement, the truth is that just one thing really matters: the drastic, deeply concerning downgrade in the UK’s growth forecasts. There are only so many political sleight of hands that any Chancellor can do to hide the fact that unless the UK finds the secret sauce of sustained [...]
Lloyds of London says Ukraine crisis will be ‘major claim’ in 2022 after returning to profitability March 24, 2022 Lloyds of London has warned the ongoing conflict in Ukraine will be a “major claim” this year, after posting a return to profitability on the back its best results in six years. The London insurer said it had returned to profitability after posting overall profits of £2.3bn for the full year 2021, compared to a [...]
Hong Kong to soon ‘open up to world’ just as Singapore eases its own restrictions March 24, 2022 Hong Kong is looking likely to “open up to the rest of the world” once its latest Covid-19 wave fades, before the lights of Singapore grow too tempting for corporate expats. Hong Kong leader Carrie Lam said she is “very optimistic” the financial hub will soon pull off pandemic restrictions which have blanketed the city [...]
Fortnite publisher Epic Games raises £37m for Ukraine March 24, 2022 Fortnite publisher Epic Games has raised more than $50m (£37m) for the Ukraine effort.
Exclusive: Hydrogen specialist AFC Energy launches The Power Tower March 24, 2022 City A.M. can reveal AFC Energy (AFC) has launched The Power Tower, a new 10kW off-grid hydrogen power generator unit.
Amazon ditches diesel with the UK launch of five new electric heavy delivery trucks March 24, 2022 Amazon has launched its first fleet of 37-tonne fully-electric heavy goods vehicles (HGVs), in a bid to ‘deliver’ on its 2040 net-zero target. Ditching diesel, the five new trucks are set to travel 100,000 miles a year powered by renewable electricity, meaning 170 tonnes of CO2 emissions are removed. The fleet will be charged at [...]
Ministers urged to stop running ‘government by WhatsApp’ amid Johnson’s missing phone history March 24, 2022 Campaigners have called on ministers to be banned from using their personal mobiles to carry out official business.
Lockdown mattress shoppers deliver revenue growth for Eve Sleep March 24, 2022 Sleep wellness brand Eve Sleep has marked its third year of revenue growth as lockdown drove shoppers online. Group revenue hit £26.6m in 2021, up from £25.2m the year prior, while gross profit stood at £14.7m, slightly higher than the £14.4m in 2020. Cheryl Calverley, CEO of eve Sleep, said: “Delivering a third year of [...]
TechRadar owner Future snaps up WhatCulture.com and Waive in a video and data push March 24, 2022 The Week and TechRadar owner Future has snapped up WhatCulture.com, a digital-only entertainment publisher and Waive, a data insight platform. WhatCulture is a digital-only brand focused on the gaming and entertainment market. WhatCulture’s website and 11 YouTube channels have respectively three million users and over eight million subscribers. Around 70 per cent of its revenue [...]
