Global Britain goes on £11bn Brexit spending spree in Ireland as UK imports jump by a fifth January 18, 2022 Goods imported from Ireland to Great Britain in the first 11 months of last year hit £11.2bn, an increase of more than 20 per cent, according to new figures released in Dublin. Ireland’s Central Statistics Office (CSO) said the main changes were increases in the exports of chemicals and related products and machinery and transport [...]
Post-Brexit crackdown: City watchdog threatens to boot EU firms out of London if they are not in the capital for the long haul January 18, 2022 The City watchdog has today threatened to chuck European finance firms out of London if they do not intend to stay in the capital for the long haul in a bid to take back control of the Square MIle after Brexit. The Financial Conduct Authority (FCA) issued a stark warning to EU banks, brokers and [...]
Bitcoin and co drift sideways in tandem with global stock markets January 18, 2022 Bitcoin, the largest cryptocurrency by market capitalisation, is down about 2.5 per cent since this time yesterday to just below $42k
Omicron onslaught: Wave of bankruptcies as insolvencies climb with voluntary liquidations up by 73 per cent January 18, 2022 The latest monthly insolvency statistics, published this morning by The Insolvency Service for the month of December 2021, show that the number of registered company insolvencies in England and Wales is 33 per cent higher than the number registered than two years ago, just before the pandemic. These rises were particularly influenced by the higher [...]
Trade with Ireland takes a £3bn Brexit hit as UK exports drop by more than a fifth in less than a year January 18, 2022 Exports from the UK to the Republic of Ireland crashed by more than a fifth since Brexit, according to new figures coming from Dublin. Numbers published by Ireland’s Central Statistics Office (CSO) show that the value of goods imports from Great Britain fell by almost £3bn from January to November last year. The drop in [...]
British businesses miss out on productivity gains by shunning trade January 18, 2022 British firms are missing out on productivity gains by shunning overseas trade, according to one of the UK’s leading business bodies. Just one in 10 British businesses are involved in overseas trade, reveals a fresh study published by the British Chambers of Commerce (BCC) yesterday. Firms that are involved in exporting and importing goods and [...]
Digital M&A activity raised record $87bn in 2021, says Ciesco January 17, 2022 Deal making activity in the technology, digital, media and marketing sectors jumped 56 per cent to $87bn in 2021 according to new data.
Bitcoin price remains flat but stable as Cardano leads the way on cryptocurrency markets January 17, 2022 The standout performer among the major cryptocurrencies is Cardano (ADA), which has grown by nearly 12 per cent in the last 24 hours and more than 30 per cent since this time last week.
Record waiting time: Brexit triggers tsunami of trade mark applications as UK firms rush to protect intellectual property January 17, 2022 Brexit has triggered a record number of applications for trade marks in the UK, with 195,000 registered in the past year, up 54 per cent from 127,000 the year before, according to data shared with City A.M. today. Waiting times for trade mark applications reached three to four months in the early part of 2021, [...]
Square Mile defies downbeat post-Brexit worker exodus forecasts January 17, 2022 The City is smashing downbeat forecasts that Brexit would ignite a mass exodus of workers from the Square Mile to the Continent, reveals a fresh study released today. London’s top banks, brokers and fund managers are launching a recruitment offensive as the spectre of the pandemic over the capital recedes. In the final three months [...]