Watchdog encourages City workers to snitch on financial services wrongdoing March 24, 2021 The City watchdog has today launched a campaign to get people working in financial services to get in touch about potential wrongdoing they see in their day-to-day lives. The Financial Conduct Authority (FCA) said those who whistleblow will have a dedicated case manager, can meet with the FCA to discuss their concerns, and will receive [...]
City A.M. TV: Daily Market Snapshot (video) March 24, 2021 The rotation out of the recent winners (especially the ‘reflation trades’) continued yesterday. In particular, the oil price was sharply lower (-6%); bond yields continued to ease, with the US 10 year yield off again (by 6bps); and the Russell 2000 was notably weak (-3.6%, i.e. given its ‘reflation’ and energy exposure). On this occasion, [...]
UK signs post-Brexit investment partnership deal with UAE March 24, 2021 The UK has signed an investment deal with the United Arab Emirates (UAE), which will see the gulf nation spend an initial £800m in British life sciences. The UK government will also contribute £200m to life sciences in the deal, bringing the total value of the initial investment to £1bn. The partnership will include similar [...]
Will Elon Musk’s Tesla payment announcement trigger Bitcoin rise? March 24, 2021 Crypto AM Daily asks if Elon Musk's announcement that Tesla cars can now be bought with Bitcoin will trigger a crypto rise?
UK house price growth slowed in January as buyers paused due to new lockdown March 24, 2021 UK house price growth slowed in January compared to the previous month as buyers paused due to the introduction of new lockdown measures and uncertainty over the length of the stamp duty holiday, according to the latest official data. Average house prices increased by 7.5 per cent over the year to January, down from eight [...]
Intel to splash out $20bn on factories in new chipmaking push March 24, 2021 Intel has unveiled plans to spend $20bn (£14.6bn) on two new semiconductor factories as part of a radical turnaround plan aimed at restoring the company’s chipmaking prowess. Under a multi-year strategy outlined by new chief executive Pat Gelsinger, Intel will build two new plants in Arizona. It will also start outsourcing to other manufacturers and [...]
Surging services demand boosts UK business activity rebound in March March 24, 2021 Surging services demand boosts UK business activity rebound in March
Deloitte offers up to £2,000 ‘thank you’ bonus to firm’s non-partners March 24, 2021 After taking austerity measures last year to navigate the pandemic, Big Four firm Deloitte plans to hand out ‘thank you’ bonuses to all firm employees. ‘Thank you’ payments of between £500 and £2,000 will be paid to all UK staff below partner level at the end of April, with the amount paid determined by the [...]
Crown Estate to launch new large-scale floating wind farm leasing round March 24, 2021 The Crown Estate has today announced that it is beginning work on a new leasing round for floating wind power projects in the Celtic Sea. Floating turbines are still an emerging technology, but if successful could enable wind farms to be built much further offshore. In December the UK announced that it would seek to [...]
Bermuda adds Heathrow flight to tourism offer as temperatures rise March 24, 2021 The prospect of an 8am in Frankfurt or a Friday night stuck in Zurich may not have us that excited about the return of business travel, and Europe’s ongoing vaccination struggles suggest we might not be hitting the beaches of the Costa del Sol as soon as we might like. But Bermuda – matching business [...]
