More economists warn of cost of living crunch’s drag on UK growth February 8, 2022 The squeeze on households’ living standards from the cost of living crunch will drag on the UK economy this year, reveals fresh forecasts published today. A triple whammy of Inflation topping seven per cent, a heavier tax burden and swelling energy bills is set to erode consumers’ real incomes, prompting a pull back in spending, [...]
Airbus revokes additional Qatar Airways orders in escalation of row February 8, 2022 Airbus has showed no sign of looking for a peaceful resolution to the ongoing row with Qatar Airways, as it announced today it revoked the airline’s orders for two A350-100 planes. According to a company spokesperson, the deal was terminated “in full compliance with [Airbus’s] rights.” This is the second time the company has retaliated [...]
The City View with Susannah Streeter and Michael Hewson February 8, 2022 Andy is joined by CMC Markets’ Michael Hewson and Hargreaves Lansdown’s Susannah Streeter to discuss the latest economic developments
The cryptocurrency fundraisers behind Ukraine’s military effort February 8, 2022 Ukraine's bitter stand-off with Russia is being part-funded by cryptocurrency donations, according to research by a blockchain analytics and data specialist.
UK government appoints four new directors to FRC in shakeup of audit regulator February 8, 2022 The UK government has put four new directors on the board of the Financial Reporting Council (FRC), amid a shakeup of the UK’s audit regulator. The appointments come after former Rio Tinto chairman Sir Jan du Plessis – the government’s pick to head the Financial Reporting Council (FRC) – said the watchdog is in a [...]
Bumper BP profits fail to get City purring as FTSE 100 closes lower February 8, 2022 A resurgence in profits at BP was not enough to prompt investors to flood into the oil giant as London markets posted a muted day yesterday. The capital’s premier FTSE 100 index dipped 0.08 per cent to 7,567.07 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK [...]
Tesla under fire after two senators raise concerns over driving system February 8, 2022 Another turbulent day at Tesla, as two US senators have expressed “significant concerns” over the electric vehicle (EV) giant’s ‘autopilot’ and ‘full self-driving systems’. “We are deeply troubled by Tesla’s design choices that seemingly encourage unsafe driving habits,” Democratic senators Richard Blumenthal and Ed Markey wrote in a letter to the Austin-based company. “These complaints and [...]
Two charged in connection with £3.8bn hack of crypto exchange Bitfinex February 8, 2022 Over $3.6bn worth of stolen Bitcoin has been recovered by US law enforcement and two people charged in connection with a major crypto hack.
Clifford Chance undecided on plans to ditch Canary Wharf HQ and slash size of offices February 8, 2022 Clifford Chance is weighing up plans to slash the size of its London offices, with a view to leaving its Canary Wharf headquarters and moving back into the City. However, City A.M. understands the London law firm has not yet come to a decision on whether to leave its docklands HQ or get rid of [...]
Hong Kong Racing Tips: History to prove no burden for in-form Shum’s Gorytus in finale February 8, 2022 RACING fans with long memories may recall that it’s 40 years since a doping scandal rocked British horse-racing, when a potential champion racehorse named Gorytus was found to have been ‘got at’ after finishing last of four in the Dewhurst Stakes at Newmarket. Hopefully there will be happier times ahead for former UK-trained galloper GORYTUS, who [...]
