Housebuilders drag London markets down as investors flee stocks January 24, 2022 London markets took a beating yesterday driven lower by most sectors tumbling as investors fled stock markets on US Fed rate hike fears. The capital’s premier FTSE 100 index closed 2.63 per cent lower at 7,297.15 points, while the domestically-focused FTSE 250, which is more aligned to the health of the UK economy, lost 3.64 [...]
Sea of red: Looming US Fed rate hike spree sends chill through global markets January 24, 2022 A sea of red engulfed global markets today as a looming rate hike spree from the US Federal Reserve sent investors fleeing stock markets. Traders dumped shares on fears the Fed will send the strongest signal yet on its intention to rapidly rein in ultra-stimulative monetary policy at its meeting of rate setters on Wednesday. [...]
Oil prices drop as investors brace for interest rate hikes January 24, 2022 Oil prices fell around three per cent on Monday, with both major benchmarks hit by looming fears of interest-rate hikes from the Federal Reserve.
Aviva Investors calls for businesses to increase focus on human rights and biodiversity January 24, 2022 Asset manager Aviva Investors will push firms to increase their focus on biodiversity and human rights as it looks to promote a more rounded approach to corporate sustainability.
Sony Music Entertainment buys Bob Dylan’s entire catalogue of tunes January 24, 2022 Sony Music Entertainment has bought Bob Dylan’s entire back catalogue of recorded music, as well as the rights to several future releases, in a figureless deal. It follows Lionel Richie cutting a deal with Universal Music in November, after a string of lofty deals over the course of 2021, as record labels battle it out [...]
Gorillas goes global as delivery firm enters Frichti acquisition talks January 24, 2022 Instant delivery firm Gorillas announced it is entering acquisition talks with French delivery titan Frichti. Frichti is one of the first rapid delivery start-ups to have hit profitable operations after launching in 2015. If Gorillas were to acquire its French counter-part, Gorillas would be able to strengthen its foothold in France. It has already opened [...]
Gas prices soar amid supply shortage fears as Russia-Ukraine tensions escalate January 24, 2022 Analysts warned last night that escalating tensions over Russia's seemingly inevitable invasion of Ukraine would hit European gas supplies.
JP Morgan launches sustainable investment team to target high-growth climate firms January 24, 2022 JPMorgan's asset management arm has launched a new sustainable investment team as the bank ramps up efforts to hit its climate change commitments.
Treasury minister quits over government’s ‘lamentable’ Covid fraud record January 24, 2022 A Treasury minister resigned today over the government’s “lamentable” record on Covid fraud, after billions were stolen from Covid support schemes. Lord Theodore Agnew – previously responsible for government efficiency – said oversight of the Covid loan schemes by the Department of Business, Energy and Industrial Strategy (Beis) and the British Business Bank had been [...]
Airlines to run more flights this summer to keep hold of coveted take-off slots January 24, 2022 Airlines will be forced to run more flights this summer, no matter their passenger numbers, in a bid to keep hold of coveted take-off and landing slots. Carriers must use their flight slots at least 70 per cent of the time, transport secretary Grant Shapps has announced, up from at least 50 per cent of [...]
