Sunak must bet big on our semiconductor industry – or we’ll lose out to competition November 2, 2022 Rishi Sunak’s in-tray is overflowing with crises: from the cost of living to supporting Ukraine, from settling the UK’s long-running dispute with the EU about Northern Ireland to the fate of his controversial home secretary. But the prime minister also needs to address long-running issues which his predecessors have neglected. Among these is how to [...]
All eyes on the EU as ECB faces ‘nightmare scenario’ of record inflation and need to hike rates again October 31, 2022 Last week was the fourth successive week of gains for equity markets in Europe as well as the US, despite some high-profile earnings misses. It’s been particularly notable that while there were some notable earnings misses, especially in the tech sector, by and large the more traditional areas of the market have performed better. “While [...]
City Moves: Who’s switching jobs in the Square Mile this week? October 27, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. InMotion InMotion Ventures, the venture capital arm of Jaguar Land Rover, has appointed a managing director as part of the firm’s latest innovation strategy. Mike Smeed, who will oversee investment in mobility start-ups, joins from Chery [...]
HSBC shares sink to bottom of FTSE 100 despite profits topping City forecasts October 25, 2022 HSBC’s profits slid over 40 per cent in the third quarter of the year as it was hit by rising loan losses and hefty charges relating to the sale of its French retail business.
Europe to stave off blackouts this winter if it avoids more “surprises” October 25, 2022 Europe should avoid blackouts this winter unless they are more "surprises", predicts the International Energy Agency.
Oil prices remain firm as China considers easing Covid-19 restrictions October 20, 2022 Oil prices have risen slightly on both major benchmarks, amid reports China is considering easing Covid-19 quarantine measures.
BHP trumps rivals with robust iron ore production October 19, 2022 BHP has reported a robust increase in production across the board, navigating the challenging headwinds of Chinese lockdowns.
Rio Tinto fears recession and Covid clampdowns will hit iron ore shipments October 18, 2022 Iron ore demand will be weighed down by a global slowdown in commodity markets, warned Rio Tinto.
EU urged to ramp up EV support to fend off China’s advance October 17, 2022 The EU was urged to ramp up its economic support for the electric vehicle (EV) transition if it wants to fend off China’s advance into the market. A study published today by European NGO Transport & Environment shows that EV sales in the continent slowed down over the last few months, going down from 13 [...]
Recession fears outweigh OPEC+ cuts amid oil price slump October 16, 2022 Oil markets will open tomorrow with prices weighed down by global recession fears and weakening oil demand.