Czech contender Allwyn appoints former Sainsbury’s chief as it hopes for National Lottery licence win February 7, 2022 Europe’s largest lottery operator Allwyn is set to appoint former chief exec of Sainsbury’s, Justin King CBE as its UK Chair as the race to win the Fourth National Lottery Licence Competition nears the finish line.
Legal & General snaps up Spitalfields offices, with management fund portfolio now worth £3.8bn February 7, 2022 Legal & General’s investment portfolio has swelled to £3.8bn, with five fresh acquisitions across the office, leisure and industrial sectors. The new deals total £150m and cover around 600,000sq ft, including the purchase of 20,821 sq ft of offices at 45 Folgate Street in Spitalfields for £26.8m Through its management fund, L&G has also purchased [...]
Bank of England has undercooked inflation forecasts again, City economists warn February 7, 2022 The Bank of England has undercooked its forecasts for inflation again in a sign the cost of living squeeze will get worse before it gets better, reveals new estimates from City economists. Inflation will peak at 7.5 per cent in April, higher than the Bank’s expected peak of 7.25 per cent in its latest forecasts, [...]
UK fintech investment hits £27.5bn, a sevenfold increase in just twelve months February 7, 2022 UK fintech investment topped $37.3bn (£27.5bn) in 2021, a sevenfold increase compared to 2020, as dealmaking activity soared.
Is confidence returning to the cryptocurrency markets? February 7, 2022 The price of Bitcoin is currently around $42,500 - up two per cent since yesterday morning and 14 per cent since this time last week.
Delayed again: UK gambling law review pushed back until May February 7, 2022 The government review of gambling laws is now expected to be pushed back until May as internal tension at Whitehall looks to delay the process once again. According to reports from the Guardian, the department for digital, culture, media and sport (DCMS) launched a review of gambling laws in December 2020, which was originally expected [...]
Inside the content creators’ industry, not everything is as glossy as it seems February 7, 2022 Say “influencer economy” to most people and there remains a temptation to shrug it off as a handful of Youtube stars making a few grand here and there for make-up videos. In truth, the influencer economy has become mainstream – almost 50m people around the world consider themselves “content creators”. That spans from impossibly youthful [...]
Tesco chief: ‘The worst is yet to come’ as energy crisis set to push food prices higher February 7, 2022 Tesco chairman John Allan issued a stark warning on rising food prices yesterday, cautioning “the worst is yet to come” in the coming months. While the supermarket boss said it was troubling people were facing heating or eating, Allan said Tesco had also been hit with soaring energy costs. The average amount of household income [...]
Explainer-in brief: A Winter games of politics and controversy February 7, 2022 Last Friday, the Beijing Winter Olympics kicked off with a whirl of lights and colour. But it was also surrounded by a storm of controversy which threatens to overshadow the games. A handful of nations, including the US and the UK, have staged a diplomatic boycott of the event (meaning athletes, but no officials will [...]
Silencing Joe Rogan ‘not the answer,’ says Spotify Boss February 7, 2022 The chief executive of Spotify has rejected calls to ban Joe Rogan from the platform after removing dozens of his podcast episodes.
