Britain’s strongest man to run 48 marathons in 48 English counties in 48 days June 16, 2021 John Clark plans to raise thousands of pounds for charity by running 48 marathons in each of England’s 48 counties in 48 days. The former international strongman, who was crowned Britain’s Natural Strongest Man in 2015 and 2016, is fundraising to support children living in food poverty. He will begin his challenge in Northumberland on [...]
UK inflation jumps to 2.1 per cent in May as clothing and fuel prices rise June 16, 2021 UK inflation jumped in May due to rising clothing and fuel prices, pushing it ahead of the Bank of England’s target, the Office for National Statistics (ONS) said this morning. The Consumer Prices Index (CPI) rose to 2.1 per cent in May, up from 1.5 per cent in April, beating economists’ forecast of a rise [...]
Q&A: the end of big oil? June 16, 2021 Our “in the news” series focuses on recent dramatic events in the energy industry as oil majors were held to account over climate change. We explain what’s happened and how Schroders acted on behalf of clients. The oil industry last week faced a “paradigm shift” after climate activists and asset managers led revolts at the [...]
TheCityUK conference: No ‘free pass’ for Bitcoin as BoE’s Andrew Bailey vows ‘tough love’ on crypto June 15, 2021 Bank of England boss Andrew Bailey has pledged “tough love” as policymakers look to regulate cryptocurrencies, warning that public interest must not be ignored for the sake of innovation. Speaking at TheCityUK’s virtual annual conference earlier today in the City, Bailey said while innovation can challenge existing rules, public interest must be at the heart [...]
Treasury and LSE call on EU for more co-operation on financial services post-Brexit June 15, 2021 The Treasury has called on the EU to engage more deeply with the UK government on the future of financial services post-Brexit. Katharine Braddick, the Treasury’s director of financial services, said today that both parties need to “get on” with outlining the post-Brexit relationship between the UK and EU on financial services. It comes as [...]
UK unemployment rate falls to 4.7 per cent as lockdown easing spurs hiring June 15, 2021 Britain’s unemployment rate fell to 4.7 per cent between February and April, official figures showed this morning. The rate of employment in the UK increased for the sixth consecutive month in May, with the number of payrolled employees rising by 197,000 to 28.5m. It is however 553,000 below pre-pandemic levels, where the largest falls in [...]
Crypto assets: you can doubt, but you can’t hide June 15, 2021 It is no longer prudent to ignore the potential of crypto assets. The investment industry can be sceptical about crypto assets. Investors can certainly choose not allocate to them, but few can afford to ignore them. Why? Not just because Bitcoin’s dizzying ascent has captured the popular imagination but the more persuasive reasons why the [...]
Wall Street muted at open while FTSE 100 cuts morning gains June 14, 2021 Wall Street’s main indexes were muted today as focus shifted to this week’s Fed meeting where the central bank is expected to maintain its accommodative stance on monetary policy. The Dow Jones Industrial Average was down 0.3 per cent, while the S&P 500 fell 0.1 per cent at the open, remaining near an all-time time. [...]
Bitcoin tests $40k again with positive vibes from Africa and Tesla June 14, 2021 What started as another weekend of woe for Bitcoin turned on a sixpence yesterday, with the leading cryptocurrency soaring 12 per cent over the last 24 hours.
JD Sports under fire for ‘inappropriate’ chairman bonus June 13, 2021 JD Sports is facing fierce criticism for paying bonuses to executive chairman Peter Cowgill despite taking tens of millions of pounds in government support. In a damning report shareholder advisory service Glass Lewis recommended that investors vote against the company’s “inappropriate” pay policy. It also said shareholders should oppose Cowgill’s reelection due to inadequate succession [...]