Bitcoin price stable around $42k but demand still flat March 23, 2022 After breaking through the $43,000 on Tuesday, the price of Bitcoin is stabilising around the $42,000 mark this morning.
Automotive industry calls on Government to deliver more EV infrastructure to ease “charging anxiety” March 23, 2022 The Society of Motor Manufacturers and Traders (SMMT) has called on the UK Government to deliver more investment in electric vehicle (EV) charging infrastructure to ease this decade’s “charging anxiety.” According to data, the ratio between charging infrastructure and number of electric vehicles has worsened in the last year. “Last year, it was about one [...]
Shares in Knights continue to plummet after law firm says return-to-office was blocked by Omicron March 23, 2022 Shares in London listed law firm Knights continued to fall today, after the firm blamed the Omicron variant for a “slowdown in corporate work.” In a trading update, Knights, which has 17 offices across Britain, said the “persistent effects of Omicron” and high rates of illness amongst its employees meant the firm failed to make [...]
Chinese tech giant Tencent reports slowest revenue growth amid Beijing crackdown March 23, 2022 The world’s biggest gaming firm Tencent posted its slowest sales growth this morning amid advertising decline and a crackdown on tech by Beijing.
DWS publishes Stagecoach offer giving shareholders until 21 May to accept March 23, 2022 German asset manager DWS published today its final offer to Stagecoach, giving the company’s shareholders until 21 May to accept it. Stagecoach said the £594.9m cash offer will offer investors a 54.3 per cent premium on the bus company’s closing price on 20 September, as well as 37.2 per cent increase on the closing price [...]
FIFA unveils Crypto.com as Football World Cup sponsor March 23, 2022 Exchange giant Crypto.com has made further inroads into the sporting world as the official sponsor of the 2022 FIFA World Cup.
Will the world economy avoid an inflationary bust? March 23, 2022 Today’s high inflation is being compared to the 1970s. However, robust consumer spending, fuelled by pandemic savings, makes for a different set of circumstances. Memories of the 1970s were evoked as the price of Brent crude oil temporarily climbed above $139 a barrel in the wake of Russia’s invasion of Ukraine. That was a period [...]
What’s behind market volatility in China? March 23, 2022 It’s been a rollercoaster week for Chinese stock markets. We explain why and get the views of Schroders’ experts Robin Parbrook, Maggie Zheng and David Rees. In the last week, equity markets in mainland China and Hong Kong Special Administrative Region have experienced a rout, and a subsequent rally in the past two days. At [...]
Letters: Ocado can stay strong March 23, 2022 [Re: Shoppers spend less at Ocado after offices reopen and Covid measures ease, March 17] Many of the headlines writing off Ocado this week missed the big picture. Far too little attention was paid to a crucial statistic: Ocado’s retail sales in this quarter were 31.7% higher than pre-pandemic levels. Shoppers may be shopping online [...]
UK inflation climbs to more than triple Bank of England’s target March 23, 2022 UK inflation has soared to more than triple the Bank of England’s target, piling more pressure on the central bank to launch further rate hikes. Threadneedle Street is likely to pivot away from the dovish tone it set at its meeting last week after new figures published today by the Office for National Statistics (ONS) [...]
