1 Minute Market Rundown – 22nd June 2022 June 22, 2022 Powell in Focus Later TodayUK Inflation Prints as Expected But Still Very HighJPY Hits 24 Year Lows Risk did rally yesterday as suspected with the S&P posting a 2% gain over the day. Correspondingly, the USD sold off against both the EUR and GBP. Something to note is that the USD did not back off [...]
UK watchdog fines London insurer JLT Speciality Ltd £7.9m for involvement in bribery scandal June 22, 2022 The UK’s financial watchdog has fined London insurance broker JLT Specialty Ltd (JLTSL) £7.9m over its involvement in a multi-million-dollar bribery scandal. The Financial Conduct Authority (FCA) hit the London broker with a £7.9m fine for failing to prevent financial crime, after an “introducer” working for the firm in Panama paid $3m in bribes to [...]
World’s first EV ‘dark hub’ opens in Leicester Square to help delivery industry go green June 22, 2022 The world’s first “dark hub” for small electric vehicles (EVs) has opened today in London to help the delivery industry reduce its carbon footprint. Launched as a partnership between technology company Port and parking operator Q-Park, the Leicester Square hub will allow delivery firms to rent electric vehicles – including e-bikes, mopeds and scooters – [...]
Explainer-in-brief: Inside the Labour split over strikes June 22, 2022 Labour is the party of workers. Labour is the party of unions. It is all in the name. Labour is the party of strikes. Except they’re not. But maybe they are. You would be forgiven for getting lost in some of the mismanaged logic happening at Labour HQ this week as they try and reckon [...]
House prices continue to grow month by month, hitting an average £281,161 in April June 22, 2022 The average house price in the UK hit £281,161 last month, as the cost to own a home continues to climb month by month. House prices grew 1.1 per cent between March and April, according to the government’s latest figures, forming part of an average 12.4 per cent annual increase in price. While onlookers have [...]
Cost to rent a home jumps largest-ever amount in past year, says statistics body June 22, 2022 The cost to rent a home has increased by the largest-ever amount over the past 12-months, according to the latest figures from the national statistics body. Average rental prices paid by tenants in the UK has jumped by 2.8 per cent in the year to May, the Office for National Statistics revealed this morning, marking [...]
BBC must improve complaints handling warns media watchdog Ofcom June 22, 2022 The BBC must be much more open with audiences about how it handles their complaints, warned media watchdog Ofcom.
HSBC pumps £250m into new lending fund for high-growth UK tech companies June 22, 2022 HSBC UK has unveiled a new £250m growth lending fund for high growth tech businesses today as it looks to meet a government call for a surge in investment in the sector last week.
Liontrust profits roar past £96m after resilient inflows June 22, 2022 Asset manager Liontrust posted a 64 per cent surge in pre-tax profits today after bucking the outflows seen across the sector in the past year.
Uber drivers add to travel chaos after union calls for strike June 22, 2022 Uber drivers have joined the wave of industrial action bringing the country to a standstill today after the App Drivers & Couriers Union (ADCU) called for a 24-hour national strike until midnight tonight.
