History tells us there will be buy signals for Bitcoin investors July 13, 2021 Mixing it the metaverse, Dr Chris Kacher reassures investors that history dictates there will be visable buy signals.
UK lenders urged to maintain support for businesses and households July 13, 2021 The watchdog of Britain’s financial system urged the UK’s largest lenders to maintain support for businesses and households today. The Financial Policy Committee said in a report published on Tuesday that it “continues to judge that it is in the collective interest of banks to support viable, productive businesses, rather than to seek to defend [...]
Brexit: EU unlikely to throw doors open to UK financial services, says Bailey July 13, 2021 Andrew Bailey, Governor of the Bank of England, said on Tuesday he does not expect the EU to open the doors to UK financial services exports following Brexit. “On equivalence, I think it’s fair to say that nothing really has moved forwards” Bailey told a news conference today. Brussels has yet to decide whether rules governing the [...]
Cloud computing providers pose risk to financial stability – BoE July 13, 2021 Cloud computing providers could become a threat to financial stability and regulators need to crackdown on them to strengthen banks’ resiliency, the Bank of England warned on Tuesday. The Bank said some cloud computing providers can be secretive and could disrupt the normal functioning of the UK financial system. Read more: British SMEs exposed to [...]
US stocks jump despite surging inflation July 13, 2021 US stocks jumped on Tuesday morning despite data released today showing inflation in America rose at its fastest pace for 13 years. The blue-chip S&P 500 and the Nasdaq both hit record highs during the morning open, rising 0.12 per cent and 0.44 per cent respectively. Growth stocks helped to lift the indexes as they [...]
Land Sec eyes £500m hotels disposal July 13, 2021 Land Securities, the largest commercial property developer in the UK, is gearing up to offload £500m of hotel assets from its portfolio. Several of the hotels that the firm could sell are in London, including its Hammersmith Novotel branch, which is valued above £50m. The preparations were first reported by React News. A Land Securities spokesman said: [...]
Exclusive: First Group ‘snubs passengers’ over complaints, Liberal Democrats say July 13, 2021 The Liberal Democrats have written to the government to complain over rail operator First Group’s handling of customer complaints. Sarah Olney MP, the party’s transport spokesman, said that the FTSE 250 firm’s “track record leaves a lot to be desired”. It comes after new data from the Office of Road and Rail (ORR) showed that [...]
Dan Loeb’s Third Point rejects investor call for meeting July 13, 2021 The £1bn UK investment company denied investors a meeting to tackle its share price discount and claimed doing so would be legally “ineffective.” Dan Loeb’s Third Point Investors Limited (TPIL) has hit back at a group of activist investors in the latest clash over how the firm is run, by rejecting their calls for a [...]
British SMEs exposed to substantial debt stress July 13, 2021 British small and medium sized businesses are exposed to substantial debt vulnerabilities as a result of the Covid pandemic, according to the UK financial system’s watchdog. The Financial Policy Committee said in a report published today that though UK corporate debt vulnerabilities have only increased modestly, they have “been more substantial… among small and medium-sized [...]
Tate Modern to turn into walk-in mass vaccine hub July 13, 2021 The Tate Modern will turn into a mass walk-in Covid-19 vaccination centre this Friday night, offering first and second Pfizer jabs to anyone over 18. The iconic venue will be hosting the pop-up vaccine site in its Turbine Hall, offering Londoners exclusive access to galleries for the night and a unique setting to get protected [...]
