Brits’ optimism shrinks on soaring inflation and looming tax hikes January 21, 2022 An inflation spike, the re-emergence of Covid-19 restrictions and looming tax hikes have combined to dampen Brits’ confidence in the year ahead, reveals a closely watched survey released today. The erosion of household budgets by inflation climbing to a near three decade high has led to concerns about a deterioration in personal finances to sweep [...]
ESG shoots up private equity agenda despite dealmakers failing to see financial value January 21, 2022 Sustainability has shot up private equity firms’ decision-making agenda despite a majority of dealmakers not considering it to deliver significant financial value.
Nightmare Alley is another sumptuously dark tale from Guillermo Del Toro January 21, 2022 The 2010s were an interesting time for Guillermo Del Toro. The first half of the decade was spent in blockbuster land, exiting The Hobbit before making divisive sci-fi blockbuster Pacific Rim. The second half was devoted to two eerie period fables in Crimson Peak and The Shape of Water. The latter was a surprise hit, [...]
Stratford and Nine Elms enjoy rental market bounceback amid stock lows January 21, 2022 London areas to have enjoyed an especially strong post-pandemic comeback include Battersea/Nine Elms and Canary Wharf. Alongside Kensington, Stratford and the City of London, these areas have marked 7.5% average growth in rental prices. Growth from pre-pandemic levels has ranged from 5.8 per cent to 8.8 per cent, according to research from JLL. The research [...]
EV battery producer Britishvolt confirms plans for UK gigafactory with £1.7bn funding deal January 21, 2022 British electric vehicle battery producer Britishvolt has today confirmed plans for a new gigafactory in the North East through a £1.7bn funding deal. The firm has secured investment through the government’s Automotive Transformation Fund and private funding from Trixtax and abrdn. The new plant, which will be in Blyth, is expected to create 5,000 jobs [...]
Peloton shares tumble 19 per cent after it temporarily stops bike and treadmill production January 20, 2022 Peloton is set to temporarily stop producing its bikes and treadmills amid collapsing demand, according to reports. The maker of connected fitness products took the decision to stem costs and limit losses caused by the company overstating the number of consumers it expects to buy its products. The news was first reported by CNBC. Production [...]
The City View: January 20: The headlines and fintech in 202 January 20, 2022 Today Andy Silvester goes through the headlines, where there’s news about a return to work in the Square Mile, an increase in Deliveroo sales and a £1.2bn energy interconnector linking France to the UK being rejected. Andy is also joined by Alan Vaksman, Managing Director and co-founder of VC firm Digital Horizon for a discussion [...]
Firms must explain themselves in this winter of price hikes January 20, 2022 The last time inflation was a hot-button political issue, Whitney Houston was top of the charts, the VCR was the must-have purchase, and a scandal-ridden Tory prime minister was clinging on desperately to power. Some things change, others less so. This marks trouble for business – in two ways. In the most obvious sense, prices [...]
London markets post mixed day as miners and oil giants tumble January 20, 2022 London markets were a mixed bag yesterday as tumbling energy stocks held down the City’s top index. The capital’s premier FTSE 100 index inched down 0.06 per cent to close at 7,585.01 points, while the domestically-focused FTSE 250, which is more aligned to the health of the UK economy, jumped 0.26 per cent to finish [...]
Qatar Airways vs Airbus: Court date set for late April January 20, 2022 A division of London’s High Court has set late April as the court date for Qatar Airways’ $618m lawsuit against plane maker Airbus, according to Reuters sources. The Qatari airline decided in December to take Airbus to court over a damage dispute concerning the A350 model, after it was forced to ground some of its [...]
