Biffa shares soar 25 per cent on £1.4bn takeover bid by US private equity firm June 7, 2022 Biffa has received a takeover offer of around £1.36bn by a US private equity firm today, which sent shares in the waste management giant flying. Biffa shares surged more than 27 per cent to 415p per share by close of play, just 30p shy of the offers stock value – and its highest since its float [...]
Bitcoin price drops by five per cent as cryptocurrency markets slip again June 7, 2022 The crypto markets have slipped again overnight, with the price of Bitcoin dropping five per cent over the past 24 hours to around $29,500 this morning.
Fuel price nears record £2 as petrol costs jump 0.6p in just 24 hours June 7, 2022 Fuel prices have reached a record high of £2 per litre, going up by 0.6p in less than 24 hours. The average petrol price has soared to 178.5p per litre while diesel amounted to 185.20p, meaning it costs £98.18 and £101.86 respectively to fill up a 55-litre fuel or diesel family car. It comes as [...]
City’s influence over Westminster: £17.5m spent political parties and MPs since 2020 June 7, 2022 The influence of the City over Westminster has come into sharp focus this week, after a report £17.5m was spend by big banks on MPs and political parties since 2020. Almost 50 MPs received an average of £49,000 from the City – despite 26 of them registering not a single hour of work in return. [...]
Explainer-in-brief: In Ukraine, the fighting moves to a longer-range war June 7, 2022 We’re at day 104 of the war in Ukraine. After a break lasting weeks, Russia hit Kyiv again on Sunday. The day after, the UK confirmed it was sending more weapons. It will provide the longer-range rockets that President Zelensky – who was visiting the Donbas region yesterday – has been repeatedly calling for. The [...]
It’s back: Heathrow reopens terminal 4 to ramp up capacity June 7, 2022 Heathrow has announced it will reopen its terminal 4 next week to ramp up capacity as passenger demand continues to grow. Elizabeth and Piccadilly line services as well as bus routes will operate into the terminal starting on 14 June. Qatar Airways will be the first airline to move to the terminal, followed by another [...]
Wealth Managers and the Future of Trust: Insights from CFA Institute’s 2022 Investor Trust Study June 7, 2022 Corporate responsibility is more important than ever. Today, many investors expect more than just profit from their financial decisions; they want easy access to financial products and to be able to express personal values through their investments. Crucial to meeting these new investor expectations is trust in the financial services providers that enable investors to [...]
Porsche 356 by Electrogenic review: electric soul June 7, 2022 Electrogenic's Porsche 356 combines modern electric power with a traditional manual gearbox. Does it make for a credible sports car?
Scamming spike: Three in four self-employed wealthy people have fallen victim to financial fraud June 7, 2022 Almost 75 per cent of self-employed wealthy individuals have fallen victim to financial fraud, a new study has shown. There has been 10 per cent spike in the scourge over the last six months with victims on average losing £9,000. Self-employed High-Net-Worth-Individuals (HNWI) and those with assets over £3m are most at risk, self-employed workers [...]
FTSE 100 brushes off Prime Minister’s no confidence vote June 7, 2022 The FTSE 100 opened flat on Tuesday as investors were largely unaffected by the Prime Minister narrowly dodging a vote of no confidence last night. The capital’s premier index was mostly unchanged at 7,610 points on opening on Tuesday. Tory MPs voted by 211 to 148 in support of the Prime Minister as part of [...]
