Law firms offer wellbeing support to burnt out employees October 5, 2021 Law firms are expanding their wellbeing support for employees as overstretched companies compete for top talent. With the UK experiencing the best year for dealmaking activity since 2015 lawyers have been inundated with a flood of M&A litigation leading to long hours and poor sleep quality for staff. To try and stop fed-up lawyers from [...]
Liverpool 2, Manchester City 2: Neutrals win stalemate between clinical Reds and blunt Blues October 3, 2021 As they caught their breath following this whirlwind contest at the top of the Premier League, Manchester City supporters could be forgiven for feeling conflicted. Glass-half-full Blues will point to the fact that they twice came from behind at Liverpool, where they have won just three times in 49 league games. Pessimistic City fans, on [...]
Central bank chiefs warn inflation shock will persist September 30, 2021 The cream of the central banking crop collectively warned yesterday shortages plaguing rich nations pose a threat to their economic recovery and are unlikely to end anytime soon. Andrew Bailey, governor of the Bank of England, Jerome Powell, chair of the US Federal Reserve and Christine Lagarde, president of the European Central Bank (ECB) said [...]
Messages from central bankers suggest persistent inflation concerns are rising September 29, 2021 European markets had a poor day yesterday, all of them down over 2 per cent, with the notable exception of the FTSE100 which was helped in no small part by its hefty energy component, and a sinking pound, which helped to keep it above the 7,000 level. “Once again it is fears about surging energy [...]
Two US Fed chiefs quit as controversy over stock trades ramps up September 28, 2021 Two of the US central bank’s regional chiefs have stepped down as the fallout from controversial stock trades they made accelerates. Dallas Federal Reserve President Robert Kaplan became the second regional central bank leader to resign on Monday, after Boston Fed President Eric Rosengren took an early retirement. Controversy has swirled over both men due [...]
This A.M.: Tide is turning at the Bank of England while markets await Powell remarks September 28, 2021 Having started the day in positive fashion yesterday, European markets saw the majority of the early gains slowly disappear, and though most did finish higher, it was a somewhat half-hearted affair. The result of the German election went entirely as expected, with little prospect of a new government this side of Christmas. US markets were [...]
Bailey: Worsening inflation makes rate rise more likely September 27, 2021 Bank of England Governor Andrew Bailey has said inflation has “strengthened (the) case” for a rate rise. The Bank’s Monetary Policy Committee (MPC) has repeatedly voted to keep the base rate at 0.25 per cent despite signs of growing inflation. But last Thursday the MPC raised inflation forecasts to north of 4 per cent by [...]
US markets slide on tech companies despite 3 year high for oil September 27, 2021 In the US both the S&P 500 and the Nasdaq indexes took a tumble from their previous close prices as technology companies spearheaded losses. The S&P 500 was down 0.28 per cent at the open despite a standout performance by energy stocks on the back of surging oil prices. Occidental Petroleum Corp jumped by 7.86 [...]
Markets: FTSE 100 lifted by Rolls Royce and oil price surge – CityAM : CityAM September 27, 2021 The capital’s premiere FTSE index has been lifted by 0.3 per cent this morning, reaching a high of 7,122.09 points, after oil prices soared. Rolls Royce Holdings led gains climbing by 6.91 per cent after winning a contract from the US Air Force. Brent crude was trading at close to $79 a barrel, helping shares [...]
Arsenal 3, Tottenham 1: Gunners find feet as Spurs slip September 26, 2021 Form is supposed to go out of the window when it comes to a derby, but apparently no one told Arsenal and Tottenham Hotspur. Both teams came into this match on very different trajectories – Arsenal improving after a woeful start to the Premier League, Spurs regressing after a good one – and their paths [...]