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 [...]
IoD Chief Economist Kitty Ussher on how the UK can balance the books January 11, 2022 This article first appeared in ICAS’ CA magazine. We emerge from the pandemic with cautious optimism – and a huge fiscal hangover. How do we balance the books and what role can CAs play in supporting the economy’s nascent recovery? IoD Chief Economist Kitty Ussher shares her thoughts Kitty Ussher is sitting in a meeting room at the [...]
Katten hikes London associate pay as competition for City law firms soar January 10, 2022 Law firm Katten Muchin Rosenman has raised its pay for London associates by some £10,000 for each experience level today, as the competition for applicants soars in London. The new salary pay-grades, which also accompany potentially lofty bonus’, will see junior lawyers on a £108,000 annual salary. Associates with one year post-qualified experience (PQE) will have [...]
UK Government funds HGV skills bootcamps to tackle shortages January 10, 2022 The UK Government has invested £34.5m in ‘skills bootcamps’ to tackle the ongoing shortage of HGV drivers. The highest in the last eight years combined, the funding will help companies train around 11,000 new drivers, as the cost amounts to around £4,000 for each, the Financial Times reported. “This money is incredibly welcome,” Sally Gilson, [...]
Some light at the end of the crypto tunnel for Bitcoin? January 10, 2022 Bitcoin continues to hold above the psychologically-important $40k level this morning – a level it hasn’t fallen below since September 2021.
Growing Brexit headache for UK businesses as strict new import rules lay bare British traders lack the skills January 10, 2022 With Britain’s businesses having to declare imports of all EU goods as of 1 January, experts have told City A.M. UK firms lack the skills and expertise to handle the increase in declarations. Their warning is underpinned by the Institute of Export & International Trade, saying it reported a 379% increase in enquiries to its technical helpline last [...]