Liz Truss as PM will need a sharp focus on delivery September 4, 2022 In the Square Mile and Westminster alike, the secret to good leadership is two-fold: say hello to everybody, and don’t sweat the small stuff. The vast majority of CEOs in the City know that the best way to run a large business is to set a clear strategy and focus on a small, but important, [...]
Weekend Read: As the Pound crashes to record low, what can be done to halt Sterling’s freefall? September 4, 2022 City A.M. reported yesterday that the pound is on course to plunge to a record low against the US dollar, largely driven by the UK tumbling into a tough recession. Sterling is expected to drop to $1.05 by the middle of next year, but could fall close to parity with the greenback, according to consultancy [...]
The crypto autumn brings storms to the eternal fiat winter September 2, 2022 Crypto AM's Monty Munford is basking in the crypto glow from the sun of York as he predicts a dark winter for fiat.
Now is the season of crypto discontent September 1, 2022 There are plenty of legs for a positive case for crypto to stand on, yet the narrative remains that crypto is unsound, says Charlie Kerrigan.
Pound on crash course to record low against US dollar September 1, 2022 The pound is on course to plunge to a record low against the US dollar driven by the UK tumbling into a tough recession, City economists warned today. Sterling will drop to $1.05 by the middle of next year, but could fall close to parity with the greenback, according to consultancy Capital Economics. The downbeat [...]
UK house price growth slows to 10 per cent as energy crisis batters Brits September 1, 2022 Annual UK house price growth slowed to 10 per cent in August, from 11 per cent in July.
London’s FTSE 100 edges lower as economic gloom knocks risk appetite August 31, 2022 London’s FTSE 100 posted a damp day today driven by economic gloom hitting investors’ risk appetite. The capital’s premier index dropped 1.05 per cent to 7,284.15 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.45 per cent to 19,063.75 points. A recent string [...]
European Central Bank could be forced into 75 basis point hike to tame record inflation August 31, 2022 The European Central Bank could be forced to hike interest rates by a historic 75 basis points next week to tame the largest inflation surge on record, economists bet today. The monetary authority governing the 19 countries using the euro may have to respond strongly or risk elevated prices being embedded into the bloc’s economy [...]
Rematch: Meet the Secret Cinema for sport recreating the Rumble in the Jungle August 30, 2022 Founder Richard Ayers and investor Trevor Beattie tell Frank Dalleres about Rematch, the immersive sporting experience bringing the Rumble in the Jungle to London in early 2023. Imagine for a moment that you could attend any sporting event of the past. What would you choose? The 1966 World Cup final? Botham’s Ashes? Serena’s first Grand [...]
Inflation could soar to over 22 per cent if gas prices stay high, Goldman warns August 30, 2022 Inflation could soar to the highest level since 1975 if global gas prices do not fall from their historic highs, a Wall Street investment bank warned today. The cost of living would climb to a peak of 22.4 per cent if the energy watchdog is forced to heap even more woe onto households by passing [...]