Credit Suisse plunges to hefty loss as Archegos collapse takes its toll April 22, 2021 Credit Suisse today posted a hefty loss for the first quarter after suffering a multi-billion-pound hit from the collapse of US hedge fund Archegos. The lender reported a pre-tax loss of 757m Swiss francs (£593m), down from a 1.2bn franc profit last year but marginally ahead of analyst expectations. The figures were dragged down by [...]
Liz Truss must keep import tariffs on steel – or risk losing the industry in the UK for good April 22, 2021 In decades past, import tariffs were regarded as nothing but a protectionist relic of resistance to free trade. But in recent years, those of us who believe in fair competition have had to learn that tariffs are an essential safeguard in a global trading system where some countries will not play by the rules. The [...]
Government plan leaves international travel restart ‘in jeopardy’ April 22, 2021 The “lack of clarity” in the government’s recent Global Travel Taskforce report leaves the reopening of international travel on 17 May “in jeopardy”, MPs have said. The Transport Select Committee has this morning said that the government’s framework for restarting travel lacks the necessary detail to actually facilitate such a process. And where such detail [...]
Brit Awards 2021 to go ahead in person with key worker crowd April 22, 2021 The Brit Awards 2021 will go ahead in person next month as planned with a limited audience made up mainly of key workers, organisers have announced. The annual music jamboree will take place at the O2 Arena on 11 May in front of a live audience. It will also be broadcast on ITV and ITV [...]
Keeping Bitcoin volatility risk at bay April 21, 2021 Digital Assets author Jonathan Hobbs offers advice on how to manage Bitcoin volatility and keep your risk low.
Treasury minister ‘sorry’ for LCF minibond scandal and plans crackdown on online fraud April 21, 2021 UK Government apologises for LCF minibonds scandal and plans crackdown on online fraud
Sir James Dyson has moved back to UK, docs show, as tax row continues April 21, 2021 Sir James Dyson has moved back to the UK, Companies House documents show, amid a row over texts the billionaire vacuum cleaner maker exchanged with Boris Johnson over tax problems during the pandemic. The documents, which were first reported by the Telegraph, show that Dyson’s new residence is in the UK. He had moved to [...]
£2.3bn Aggreko takeover ‘in doubt’ after shareholder revolt April 21, 2021 The multi-billion pound takeover of FTSE 250 firm Aggreko has been thrust into uncertainty tonight after the company’s biggest shareholder said it would vote against the deal. Liontrust Asset Management, which owns 12 per cent of the energy provider, is set to oppose the deal, Sky News reported tonight. The news comes just a month [...]
FTSE 100 rallies after yesterday’s heavy fall April 21, 2021 London’s FTSE 100 rebounded today, after a poor performance yesterday that saw London’s main market fall two per cent. The FTSE 100 closed up 0.52 per cent on yesterday’s gloomy session, when tobacco stocks and fears of new variants pummelled the market, ending the day at a two per cent loss. The blue-chip index was [...]
Set the tone: Central bankers can move markets or ease volatility based on their vocal pitch April 21, 2021 When it comes to absorbing shocks, boosting stocks or reducing volatility markets take their cues from the tone of voice central bankers use
