Strong jobs market print fails to dampen inflation fears on London markets January 18, 2022 Inflation jitters spreading throughout the City led London markets sharply lower today. The capital’s premier FTSE 100 dipped below the 7,600 mark by closing the day down 0.63 per cent, while the domestically-focused FTSE 250 fell 0.96 per cent to 22,652.71 points. Figures released by the Office for National Statistics (ONS) today revealed the unemployment [...]
The City View: January 18: A bumper tech deal and aviation January 18, 2022 Today Andy Silvester is joined by Skytra’s Co-Founder and Chief Sales and Marketing Officer Elise Weber, and by City A.M.’s Leah Montebello for news about a mega-deal struck between Microsoft and Activision Blizzard. Andy also takes us through the headlines, including news about the impact inflation is having on Britons’ wallets and a warning by [...]
Motor Fuel Group’s owner kicks off £5bn selling plans January 18, 2022 Motor Fuel Group’s (MFG) owner Clayton Dubilier & Rice (CD&R) has kicked off plans to sell the UK’s biggest independent forecourts operator, Sky News first reported. The private equity firm CD&R has invited this week investment banks to bid for a mandate to sell the company, which could be valued at £5bn. The forecourts operator’s [...]
Brits’ living standards eroded by inflation spike casting doubt over economic recovery’s strength January 18, 2022 An inflation squeeze that is choking Brits’ pay packets is threatening to throttle the consumer led recovery. Brits’ take home pay is being corroded by the cost of living spiralling to the highest rate in recent history, revealed figures published yesterday by the Office for National Statistics. The damning data comes as the City braces [...]
Hong Kong Racing Tips: Cruz and Size set for their Moment of Joy January 18, 2022 MASTER trainer John Size can provide the banker bet of the meeting at Happy Valley today, when he saddles fast-improving SEIZING THE MOMENT in the Cheung Chau Handicap (1.45pm) over six furlongs. Size has been in incredible form since the beginning of December, saddling 14 winners at the last 10 race-meetings and winning with five of his [...]
Hong Kong Racing Tips: Back Bentley and Lor to get Lucky again with Archangel January 18, 2022 BANK on jockey Harry Bentley to hit the bullseye once again when he teams up with championship leading trainer Frankie Lor aboard LUCKY ARCHANGEL in Division Two of the Green Island Handicap (12.45pm) over six furlongs. Bentley and Lor, who combined with Smart Idea to get up in the shadows of the post at the Valley last [...]
Virgin Galactic distances itself from chairman after controversial Uyghur comments January 18, 2022 Virgin Galactic has distanced itself from comments made by its chairman yesterday, urging that his views do not reflect that of the company’s. Chairman Chamath Palihapitiya told the All-In Podcast audience that “nobody cares about what’s happening to the Uyghur Muslims.” Venture capitalist Palihapitiya, amidst a discussion of human rights, said “of all the things [...]
Ex-BoE governor unconvinced of case for Britcoin January 18, 2022 Former Bank governor Mervyn King remains unconvinced of the case for Britcoin, a digital currency backed by the UK's central bank.
Volkswagen and Bosch set up venture to make EU’s battery production self-sufficient January 18, 2022 Volkswagen and Bosch have joined forces and will set up a venture by the year’s end to make Europe’s battery production self-sufficient. The new company will provide integrated battery production systems, on-site ramp up and maintenance support, serving Volkswagen’s factories as well as plants across Europe. “Europe has the unique chance to become a global [...]
Gattaca shares plunge by a third as recruiter demand falters January 18, 2022 Engineering and technology recruitment firm Gattaca had its share price plunge more than a third today, after warning investors of its “significantly” lower profits. The company said it will “breakeven” in terms of its underlying profit before tax for the year to July 31. Gattaca put the lower-than-expected profits down to faltering demand from its [...]
