The City View: Victoria Scholar on rising prices, unemployment and retail sales data; and XR cause Lloyd’s of London HQ shutdown April 12, 2022 Today Andy Silvester talks to Victoria Scholar, Head of Investment at Interactive Investor. They go through some of the week’s economics data on GDP, unemployment, retail sales, and talk trading updates. They discuss the latest from ASOS, Deliveroo, and EasyJet: ASOS is facing a raft of headwinds, as investors lose confidence in the online retailer; [...]
Tories in turmoil as Johnson and Sunak fined by Met police for lockdown-busting parties April 12, 2022 Boris Johnson and Rishi Sunak have been given police fines for attending Covid lockdown-busting parties, with pressure set to come on the Prime Minister and chancellor to resign immediately for breaking the law. Downing Street has confirmed the pair, along with Carrie Johnson, will be given Fixed Penalty Notices (FPN) by the Metropolitan Police as [...]
Top traded stocks within stocks and shares ISAs April 12, 2022 As the new tax year commences, we look at why you should make the most of your ISA allowance within an IG stocks and shares ISA and dig into the most popular shares in IG clients’ stocks and shares ISAs. Utilising your ISA allowance The new tax year is almost upon us and with this [...]
Punch Taverns founder: Hospitality will be ‘almost completely uninvestable’ should Covid restrictions return April 12, 2022 Pizza Express guru Hugh Osmond has said the hospitality industry will be “almost completely uninvestable” if it is put in a position where the government can completely shut it down in future virus outbreaks. The Punch Taverns founder is part of a coalition, with Night Time Industry Association boss Michael Kill and Greater Manchester night [...]
Kremlin threatens legal action if Russia is forced to default on sovereign debt April 12, 2022 The Kremlin has threatened to sue Western countries if they try and force Russia to default on its sovereign debt. In an interview with Russian newspaper Izvestia, Russian finance minister Anton Siluanov said Russia had “taken all necessary steps” to pay its creditors, after the US Treasury blocked the country from paying its bond holders [...]
Car rentals double this month amid Easter travel chaos April 12, 2022 Car rentals have doubled ahead of Easter weekend, as Brits come up with alternatives while travel disruption wreaks havoc among the country’s transport network. According to data from Volkswagen Financial Services UK (VWFS), rentals on online platform Rent-a-Car have gone up 148 per cent on last year. “Lots of people have been waiting a long [...]
UK invests £7.6m in rail innovation competition April 12, 2022 The UK Government announced today it will invest £7.6m in rail innovation competition First of a Kind. A joint venture between the Department for Transport (DfT) innovation agency Innovate UK, the competition aims to find new ways to innovate the railway sector, focusing especially on decarbonisation solutions. This year, First of a Kind will focus [...]
Accounting watchdog launches probe into Deloitte’s auditing of Go-Ahead April 12, 2022 The UK’s accounting watchdog today launched an investigation into Deloitte’s audit of public transport company Go-Ahead Group, after the UK government fined the firm £23.5m for its failures in running Southeastern rail service. The Financial Reporting Council (FRC) said its investigation will focus on Deloitte’s audits of Go-Ahead’s accounts over a six-year period covering the [...]
London stocks most favoured by European money managers April 12, 2022 London stocks are the most sought after on the Continent, boosted by the City’s heavy weighting toward “old-economy” shares. European money managers are planning on snapping up UK equities, according to a survey published today by Bank of America. The FTSE 100 is heavily geared toward oil and mining companies, known as “old-economy” shares for [...]
Gunman on the run after injuring 13 on New York subway April 12, 2022 Thirteen people have been injured, including five who were shot at a New York subway station, police have said. Armed emergency services cornered off the area around 36th Street subway station in Brooklyn on Tuesday, after reports of an active shooter injuring multiple people. According to the New York Times, the victims were shot on [...]
