Crypto markets recover after fresh US Central Bank comments January 12, 2022 Bitcoin is currently changing hands for just below $43k, up around 2.5 per cent since yesterday morning.
Boris Johnson’s rudderless levelling up plan must be anchored in business January 12, 2022 It was Winston Churchill who famously stunned a waiter by asking them to take back his pudding. “There’s no theme!” he bellowed. One man undoubtedly aware of this is Boris Johnson – the Prime Minister who wrote an effusive biography of Britain’s wartime leader before trying to emulate him in Downing Street. It comes to [...]
Britain’s prosperous future depends on attracting talent on and off our shores January 12, 2022 I have spent my life as a first-generation immigrant building businesses in the UK. For my entire career I have been an internationalist in favour of membership of the EU. I even got elected as a LibDem MEP for London in 2019, on a second referendum agenda. I was a gold card-carrying Remainer. But I [...]
UK signs preliminary investment deal with Oman January 12, 2022 The UK has struck a preliminary investment partnership deal with Oman that sees the Middle East country pledge to increase future foreign direct investment into the UK. The deal was signed in London yesterday by UK trade minister Gerry Grimstone and AbdulSalam Al Murshidi, president of Oman’s sovereign wealth fund. The deal comes as the [...]
Exclusive: ‘Omicron is a reminder the world is only as good as the weakest link in the vaccination chain,’ says abrdn exec January 11, 2022 Ongoing inflationary shocks, questions around interest rates and the emergence of the new Omicron Covid variant are all making navigating uncertainty more challenging. Nonetheless, when we look beyond the headlines, there remain some reasons for optimism going into 2022, according to Richard Dunbar, head of multi-asset research at global investment giant abrdn. Square Mile-based Dunbar [...]
Wise stock makes comeback after sudden share dive following Citi note that urged clients to dump fintech January 11, 2022 Shares in fintech company Wise are making a comeback this afternoon after they tumbled in London yesterday afternoon and this morning following an analysts at investment bank Citi urged clients to dump the stock yesterday. The downgrade was driven by analysts batting away Wise’s forecasts for revenue, saying the stock now priced in “excessive long-term [...]
Bitcoin holds the line as it battles against market forces January 11, 2022 The price of Bitcoin has managed to hold above $42,000, after yesterday falling briefly below the psychologically important $40,000 level for the first time since September.
Turn around: Steep rise in EU nationals refused entry into UK as Brexit controls tighten with Romanians half of all who are stopped at border January 11, 2022 The number of EU nationals who have been prevented from entering the UK has risen by a third, according to new data shared with City A.M. this morning. As the Home Office is stepping up controls, the number of European nationals stopped at the border climbed to 5,266 in the third quarter of last year, [...]
Warhammer retailer Games Workshop reveals dip in profits but CEO says ‘we are on the front foot’ January 11, 2022 Games Workshop has revealed a dip in profits for the past six months as higher costs offset sales growth. The Warhammer retailer reported that pre-tax profits fell by 3.7% to £88.2 million for the six months to November 28. It came as the business highlighted £2 million in extra shipping and freight costs over the [...]
The Big Four: brace yourself for the legislative changes affecting business in 2022 January 11, 2022 An old proverb says the best time to plant a tree was 20 years ago – but the second best time is now. This year is set to see significant regulatory changes with real consequences for UK financial and professional services. Many firms will have been preparing for them for months, if not years. Some [...]