FTSE 100 climbs as London markets shake off inflation fears September 29, 2021 London’s FTSE 100 jumped during opening exchanges today driven by investors in the capital shaking off inflation concerns that rattled global markets yesterday. The capital’s premier index added 0.74 per cent to reach 7,079.97 points in the first hour of trading today. Global markets sold off yesterday as investors rejigged their portfolios in preparation for [...]
Bitcoin and Ethereum head into decline as investors look to play safe after China ban September 28, 2021 Bitcoin is currently changing hands for around $42k, down from just below $44k yesterday. Ethereum has also fallen to below $2,900 again.
London Tech Week: Russ Shaw looks back at a spectacular week September 28, 2021 London Tech Week – the showcase of all things innovative – happened last week and Tech London Advocates and Global Tech Advocates boss Russ Shaw CBE is back writing us reflecting on the jamboree. Here’s he looks back on the week that was. What a week it has been! London Tech Week saw a new [...]
‘Alpha-Flation’: A Private Market Syndrome September 28, 2021 In private equity (PE), there are more ways to calculate the alpha of a portfolio or fund than any other asset class. And in no sector other than private markets does investing in the average fund seem to go so poorly. Should it be this way? Is the average private market fund a bad fund [...]
Fuel crisis: Military drivers put on standby to deliver petrol as pressure on govt builds September 28, 2021 The government announced this morning that military drivers have been put on standby in preparation to deliver fuel in order to ease the chaos at petrol stations. Army drivers will get specialised training in preparation for their deployment while certain HGV licences will be extended to help tackle the issue, ministers announced on Monday. An [...]
Downing Street has cycling lanes row with TfL over £100m funding allocation September 27, 2021 Long-running tensions between Downing Street and City Hall have ignited again, after Transport for London (TfL) were slapped down over plans to give £100m to councils that have ripped out cycle lanes. Documents obtained by The Telegraph showed that TfL wanted to give £100m to councils that had removed cycling lanes and eliminated low traffic [...]
Boris Johnson draws back from deploying soldiers as minister blames motorists for shortages September 27, 2021 Boris Johnson this afternoon drew back from plans to deploy troops to ensure fuel supplies reach forecourts, as ministers have issued a fresh appeal to motorists to stop “panic buying.” Ministers are hoping the pressure will ease as motorists move back to their routine buying patterns, following the surge in demand last week which led [...]
Keir Starmer refuses to endorse Angela Rayner’s ‘Tory scum’ comments September 26, 2021 Sir Keir Starmer has refused to back Angela Rayner’s fiery comments over the past 24 hours about Boris Johnson and his cabinet being “racist…homophobic…scum”. Starmer said he would “not have used” those phrases and suggested that it was “not keeping with respectful debate”. The Labour leader said he would talk to his deputy about the [...]
Shortages: PM’s emergency driver visa plans slammed as a ‘drop in the bucket’ September 26, 2021 Prime minister Boris Johnson will use a temporary visa scheme to allow overseas workers into the UK in a bid to ease the country’s shortages in the lead up to Christmas. But the plan was rounded on by the Lib Dems, who this morning indicated that the number of emergency visas that can be granted [...]
Government to scale up nuclear power production after ‘years of dithering’ September 26, 2021 The government will back a rapid expansion of the UK’s nuclear energy production after “years of dithering” as the energy crisis prompts it to strengthen the country’s electricity supply. Ministers are understood to have zeroed in on nuclear energy as a means to helping the government achieve its net zero target by 2050, according to [...]