Fund flows show sign of rebound after March exodus May 5, 2022 Fund flows showed signs of recovery in April after outflows surged for a third consecutive month in March in the face of tightening monetary policy and war in Ukraine.
Barratt boss hits out at government’s ‘deeply unfair’ levy to fix cladding crisis May 5, 2022 The boss of one of the UK’s largest property developers has today hit out against the government for its “deeply unfair” levy on housebuilders to solve the cladding crisis. London-listed Barratt Developments has set aside £480m to fix the cladding on buildings it built above 11 metres, however it is expecting to pay another £400m [...]
Binance chips in $500m of Elon Musk’s $44bn for Twitter takeover May 5, 2022 Binance is understood to have ploughed a massive $500m into Elon Musk's $44 billion war chest to snap up Twitter.
Bank of England hikes rates four times in a row for first time since independence May 5, 2022 The Bank of England today hiked interest rates for the fourth meeting in a row for the first time since it was given control of monetary policy 25 years ago. The move was driven by rate setters focusing on taming the worst inflation crunch in the UK for three decades despite them expecting growth to [...]
Most Londoners worried about TfL while third support extra road charges to save it from financial ‘black hole’ May 5, 2022 Most Londoners are worried about Transport for London’s (TfL) financial future, while a third support extra road charges as a way to save it from a £1.5bn financial “black hole.” According to a survey published yesterday by think tank Centre for London, 69 per cent of Londoners are worried about the financial future of TfL, [...]
Channel 4 finally fights back against Dorries’ privatisation push May 5, 2022 Channel 4 revealed the true extent of the government’s privatisation detour this morning, outlining how last week's white paper undermined its own 'levelling up' objectives and questioned the very core of the broadcaster's purpose.
Canadian investment group bets on London for sparkly European HQ May 5, 2022 Canadian investment group CDPQ has bet on London for its European headquarters, in a decade-long vote of confidence in the capital. CDPQ, also known as Caisse de dépôt et placement du Québec, passed up on a Parisian HQ – unlike those at crypto platform Binance. The glittering lights of Carnaby and Soho have caught the [...]
Bitcoin gets a spring in its step again as US looks to tame inflation May 5, 2022 The price of Bitcoin edges closer to $40,000 and Ethereum goes above $2,900 as crypto markets shake off recent slump.
Tail between the legs: NYC-bound Virgin Atlantic plane u-turns due to ‘rostering error’ May 5, 2022 A Virgin Atlantic plane was forced to go back to Heathrow due to one of its pilots being not properly trained. The plane, which was headed towards New York, was 40 minutes into its journey on Monday when the personnel realised there had been a “rostering error” which put a not fully qualified pilot on [...]
Consumers buying more beer as Budweiser maker AB InBev reiterates growth outlook May 5, 2022 Budweiser maker Anheuser-Busch InBev (AB InBev) said drinkers are swallowing higher prices and bought more beer in the first quarter. After posting higher than expected earnings, the Belgian brewer reiterated an EBITDA growth outlook of between four and eight per cent for the full year. Consumers had bought 2.8 more drinks by volume in the [...]
