Bank of England to rip up history books at this week’s rate decision August 3, 2022 Soaring inflation will force the Bank of England to do something it has never done since it was made independent 25 years ago, City economists are betting. Governor Andrew Bailey and the rest of the monetary policy committee (MPC) will hike interest rates 50 basis points this Thursday. The move would also mark the sixth [...]
Revenues climb for Keywords Studio as it snaps up Mighty Games in market share push August 3, 2022 Revenues climbed 34 per cent to €320m for Keywords Studio as the video game giant announces a fresh acquisition of Mighty Games.
Homebuilder Taylor Wimpey hikes forecast after profits jump to £335m August 3, 2022 Housebuilder Taylor Wimpey hiked its profit forecast to the top of full year estimates today after a bumper first half in which it beat house completion targets.
Revenue climbs for Just Eat despite dwindling order numbers August 3, 2022 Orders dipped seven per cent in the first half of 2022 for Just Eat Takeaway.com as the delivery giant struggles to keep up with pandemic hype.
City Moves: Who’s switching jobs in the Square Mile? August 3, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Nuveen Investment manager Nuveen has bolstered its UK consultant relations team in London with a fresh director. Barry Lee had previously been an associate director for LGT Capital Partners UK, where he held a similar role. Reporting [...]
Editorial: Time to knock heads together until planes can fly at full capacity August 3, 2022 Imagine if the London Olympics were being hosted next week: the stadium would have been a shadow of itself with ticket-holders still stuck on the tarmac.
Online safety laws are nonsensical as long as we water down human rights August 3, 2022 In the context of a tumultuous political landscape, the Online Safety Bill, designed to regulate tech giants, fell off the agenda as a result of a “lack of Parliamentary time”. Under a Liz Truss premiership, it would be brought back. Nadine Dorries, the Culture Secretary has said it will make the UK “the safest place [...]
Britain’s waistline won’t be slimmed by sugar taxes – they could even make it worse August 3, 2022 Britain has an obesity problem – and it’s getting worse. According to a report from the King’s Fund think tank, the proportion of obesity in deprived areas is 37 per cent, up from 32 per cent three years ago. Theresa May’s government tried to curb obesity with the “soft drinks industry levy” in 2018 – [...]
FCA rules could strip people of the choice to take a risk August 3, 2022 Since the early 2000s, the Financial Conduct Authority has been pushing hard on its “treating customers fairly” agenda. The principles behind the new consumer duty, telling retail firms to give customers a “good outcome”, are not entirely original. But the burden put on financial services firms to be proactive in the execution of that duty [...]
Brits forced to get more savvy with subscriptions amid tightened belts August 3, 2022 New data has shown two thirds (67 per cent) of Brits remain signed up to at least one digital or direct-to-door service, despite a dip in consumer spending on subscriptions overall.
