Steeper US Fed rate hike sends investors wobbling May 4, 2022 The prospect of the world’s most influential central bank hiking interest rates by double the amount it normally does weighed on London’s top indexes today. The capital’s premier FTSE 100 index dropped 0.9 per cent to 7,493.45 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
Ocado dodges rebellion as shareholders back pay boost for bosses May 4, 2022 Grocery tech giant Ocado has seen off an investor rebellion over its bosses’ pay packet despite two of the world’s biggest shareholders urging investors to vote against the plans.
Safe for now: Uber weathers labour and cost of living crunch but faces a rocky road ahead May 4, 2022 Uber seems to weather the wrath of labour and cost of living uncertainties, with quarterly revenue shooting up 136 per cent to $6.9bn.
Airbus could face jet delays after EU regulator mulls over design changes May 4, 2022 Airbus’s launch of its upgraded A321XLR model could face delays after the EU regulator is considering design changes. According to Reuters industry sources, the launch was postponed from late 2023 to sometimes in 2024 after the EU Aviation Safety Agency (EASA) considered making changes to the aircraft’s lower fuselage design. Changes to the design of [...]
American Dream: FanDuel’s US dominance saves Flutter from revenue dips in UK and beyond May 4, 2022 Betfair owner Flutter posted revenue growth of six per cent across the group driven by continued strong recreational player momentum with average monthly players up 15 per cent to 8.9m.
MicroStrategy widens losses after $170m Bitcoin impairment charge May 4, 2022 Microstrategy deepened losses in the first quarter after facing a $170.1m impairment charge linked to its Bitcoin holdings.
Diego Maradona’s ‘Hand of God’ shirt auctioned for record £7.14m May 4, 2022 Maradona’s iconic 1986 World Cup ‘Hand of God’ shirt fetched £7.14m at auction this afternoon- marking a new auction record for any item of sports memorabilia. The shirt itself football history during the Argentina v England quarter finals of the FIFA World Cup after the footballer scored two of the most notorious goals in footie history. [...]
London has world’s highest number of crypto businesses, and is in top 10 for job opportunities May 4, 2022 LONDON has been hailed as one of the world’s top cities for cryptocurrency jobs - and the world's leader for crypto and blockchain businesses.
Retail investors back passive funds to ride out market turbulence May 4, 2022 Retail investors piled into passive funds last month as they sought safety in blue chip stalwarts amid market turbulence, fresh data has revealed.
OPEC+ forecasts oil surplus as high prices and lockdowns bite into demand expectations May 4, 2022 OPEC+ anticipates oil supply to exceed demand later this year by nearly two million barrels per day amid reduced growth expectations.
