The ESG regulation race is on January 18, 2022 If you are struggling to keep up with all the ESG regulation that is emerging around the world, you are not alone. The volume of new rules may feel overwhelming or even intimidating. It helps to remember what they try to do: making sure that the investments we need to get our economies to a [...]
Inflation to near 30-year high as Brits prepare to tighten their belts January 17, 2022 The cost of living in Britain will swell to its highest level in nearly three decades, some of the City’s leading economists warned today. Soaring energy bills, compounded by a sharp rise in the price of second-hand cars and petrol costs, will drive inflation to 5.3 per cent, according to Sanjay Raja, Deutsche Bank’s senior [...]
How could you invest to beat inflation? January 17, 2022 With rising inflation, many are starting to see how investing their money can lead to better returns. On New Year’s Day, many kickstart January with a New Year’s resolution. Some give up chocolate, while others exercise more. A few take up a new hobby. But a handful resolve to spend less and save more money. [...]
FCA chief operating officer Stephanie Cohen to step down January 17, 2022 The City watchdog’s chief operating officer Stephanie Cohen will step down later this year for personal reasons. BlackRock veteran Stephanie Cohen joined the Financial Conduct Authority in 2021, but an internal email seen by City A.M. informed staff this morning that she would be moving on “later this year.” Cohen was one of a series [...]
Manufacturing deals rocket as businesses lock in wages amid inflation January 17, 2022 Pay settlements of up to 14 per cent have been agreed with manufacturers, as business and investors gear up for fresh inflation figures, with prices rising at more than double the Bank of England’s target rate.
Brits shrug off cost of living squeeze and rush to snap up homes January 17, 2022 Brits are shrugging off the cost of living crisis and higher mortgage costs and are rushing to snap up homes, reveals a new study published today. A housing market frenzy in 2021 triggered by the pandemic engineering a mass shift in housing preferences and the stamp duty holiday has bled into the new year. The [...]
Week ahead: City braces for more eye watering inflation data January 16, 2022 The City’s attention this week will zero in on latest UK inflation estimates published on Wednesday. Although experts expect the rate of price rises to remain broadly unchanged, investors are likely to gulp at inflation remaining at historically high levels. According to the Office for National Statistics (ONS), inflation hit 5.1 per cent in November, [...]
Energy Bills: PM mulls bank loan plan with price cap set to hit £2,400 January 15, 2022 The government is reportedly mulling bank loan proposals to smooth a hike in the cost of energy bills expected this year.
Switzerland steps up CBDC efforts as UK sounds alarm January 13, 2022 As countries worldwide step up CBDC efforts legislators are divided over the risks posed by the new digital currencies.
Airport slots should be given to those who can use it, Wizz Air boss says January 13, 2022 Wizz Air’s chief executive Jozsef Varadi said that legacy airlines should not retain their airport slots if they are not able to utilise them. “Why are they protected for the benefit of legacy carriers,” he told Reuters today. “This is a way of distorting the market further by allowing access to certain airlines at the detriment to [...]