Estate agent Purplebricks shares topple after drop in supply November 4, 2021 Online estate agent Purplebricks’ shares plummeted following a trading update highlighting a drop in supply in the market. In an update on Thursday, the estate agent said for the six months ended October 31, the market had been “challenging.” Its share price dropped more than 35 per cent on Thursday morning. “New instructions have slowed [...]
Bitcoin steadies after Fed announcement November 4, 2021 The price of Bitcoin is down around two per cent since yesterday morning, although it continues to hold above $61k.
US Fed becomes first major central bank to blink as it reins in Covid-19 stimulus November 3, 2021 The US Federal Reserve has become the first of the world’s major central banks to blink in the face of soaring inflation. The Fed today decided to rein in the wave of stimulus it unleashed in response to the Covid-19 crisis and slash the scale of its monthly QE programme by $15bn starting this month. [...]
Top finance brass: City grandees need to show off green stripes to rake in bonuses November 3, 2021 City grandees will need to show off their green stripes to rake in bumper bonuses, some of the finance industry’s top brass said today. The chief of one Britain’s biggest banks, part state-owned NatWest, sent a warning shot to the bank’s top dogs that their environmental track record will be considered when awarding bonuses. Speaking [...]
Ethereum notches another all-time high November 3, 2021 Ethereum - the world's second-largest cryptocurrency - yesterday posted another new all-time high, rising to $4,643.
UK house prices hit new highs with typical home topping £250k November 3, 2021 House prices have hit record highs, with the average property hiking more than £30k since the pandemic struck. Nationwide’s House Price Index was published against a backdrop of the Bank of England being anticipated to raise interest rates in response to rising inflation. The typical UK home has topped a quarter of a million pounds [...]
Boris’ tax mania could push British business into Labour’s open arms November 3, 2021 An exec recently recalled a meeting between banking bosses and ex-Shadow Chancellor John McDonnell when it looked like Labour may just seize power. As the suits traipsed into a room the Marxist quipped: “Don’t worry. We’re not sending you to a re-education centre in Doncaster … yet.” He also promised to whack corporation tax up [...]
Brace for rate hikes and tapering from BoE and Fed November 3, 2021 Just as the dust settled on Chancellor Rishi Sunak’s third budget, the City turned its attention to more set piece economic announcements. Today and tomorrow, the US Federal Reserve and the Bank of England will deliver two of the most hotly awaited interest rate decisions in years. The latter is expected to hike interest rates [...]
Sunak hails avoiding joblessness spike after furlough end November 2, 2021 The end of the furlough scheme is unlikely to trigger a surge in unemployment, according to the Chancellor. Speaking to a committee of members of the House of Lords, Rishi Sunak said he was “optimistic” the end of the job support scheme would not result in a wave of job losses. There were concerns the [...]
Bitcoin price steady at $63k as Polkadot steals march November 2, 2021 The price of Bitcoin continues to hover around the $63k mark today, up almost $1,000 from 24 hours earlier.