West End set for booming recovery as tourists flock back to capital May 3, 2022 Londoners can bet on a roaring West End comeback, after Peel Hunt analysts pointed to a resilient recovery in occupier demand and rental tone. In a note yesterday, Peel Hunt said that the future looked cheery for the central London shopping and theatre destination, “despite wider uncertainty and the cost of living squeeze.” It comes [...]
Crypto.com u-turns on plans to scrap staking rewards amid backlash May 3, 2022 Crypto.com chief Kris Marszalek said the firm will reinstate staking rewards for card users a day after scrapping the program.
UK’s tech regulator backtrack sparks mixed reactions across the City May 3, 2022 Reports that the government has backtracked on strengthening the role of the UK’s tech regulator has sparked mixed reviews from the City today.
Investors’ warm response to break up rumours boosts HSBC shares May 3, 2022 Shares in Britain’s biggest bank climbed today in a sign investors backed a proposal by its largest shareholder to carve out its profit-machine Asia business. FTSE 100-listed HSBC’s shares gained 1.61 per cent today on the first day of trading in London since calls to break-up the lender strengthened. Ping An, a Chinese insurance giant [...]
Johnson announces £300m military top-up for Ukraine, including radars, heavy-lifting drones and night vision equipment May 3, 2022 Boris Johnson has announced a new £300m military package for Ukraine, including radars to pinpoint artillery and heavy-lift drones to supply Kyiv’s army on the front line. The prime minister made the announcement during a speech to Ukraine’s parliament, the Verkhovna Rada, which is the first time a world leader has addressed it since the [...]
Decade-high BP profit take boosts London’s FTSE 100 May 3, 2022 The best underlying profit take from one of the UK’s biggest oil giants in a decade sent London’s top index higher today. The capital’s FTSE 100 index climbed 0.22 per cent to close at 7,561.33 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped [...]
Putin ramps up pressure on West with plans to terminate exports May 3, 2022 Russian President Vladimir Putin has signalled he could terminate exports of products and raw materials, in response to Western sanctions.
Ocean Outdoor bags £463m buyout deal as advertising booms May 3, 2022 Ad giant Ocean Outdoor said that its largest shareholder Atairos would buy the remaining shares in a deal valuing the company at $580m.
BrewDog co-founder James Watt gives £100m shares to staff May 3, 2022 BrewDog boss James Watt has revealed plans to give away some £100m of shares, as the drinks firm attempts to move on from accusations of being a toxic workplace. More than 3.7m shares will be moved to an employee benefit trust while hundreds of workers will be given a stake in the Scottish brewer. Salaried [...]
The City View: Michael Hewson on why calls for a windfall tax are misplaced May 3, 2022 Today Andy Silvester talks to Michael Hewson, Chief Market Analyst at CMC Markets. They pick apart the arguments for a windfall tax on BP, discuss potential rate rises from the Fed and Bank of England, and go through the impact that China’s zero-Covid policy has had on manufacturing in the country. And in other news [...]
