Hands up if you’ve ever heard of Bitzlato… anybody? No? Us neither January 20, 2023 Jason Deane rounds up the crypto week's news narratives, starting with the all important question - what the heck is a Bitzlato?
Crypto market news today: Why Enjin Coin is up 15.3 per cent as Bitcoin price gains 0.8 per cent January 20, 2023 NFT token Enjin coin is up 15.3 per cent in the last 24 hours, bringing its value to a point not seen since early November and making it the biggest riser over the last day. The NFT token is being bolstered by several factors, including the launch of the team’s non-fungible token marketplace NFT.io, as [...]
Retailers blame Royal Mail strikes for Brits abandoning online shopping in the run up to Christmas January 20, 2023 Thousands of Brits appear to have abandoned online purchases following a series of strikes by Royal Mail employees, according to figures from the Office for National Statistics. Figures released by the ONS show that the proportion of online sales slipped by 0.5 per cent to 25.4 per cent in December. Retailers laid the blame on [...]
Recession risks return as Brits brace for cost of living crisis to make 2023 a ‘bumpy ride’ January 20, 2023 UK consumer confidence dipped for the first time in two months in January, raising the risk the economy will slip into recession after all despite a string of better than expected data recently, a closely watched survey out today reveals. A credit card debt hangover from the Christmas spending splurge and energy bills looming has [...]
FTSE 100 close: Persimmon and Taylor Wimpey pull index away from record high January 19, 2023 London’s FTSE 100 index registered one of its worst days since the turn of the year, pulling it away from its record high. The capital’s premier index shed 1.07 per cent to drop to 7,747.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell [...]
Fintech Pensionbee buzzes towards profits after reporting boost in savers January 19, 2023 London-listed fintech PensionBee has doubled down on its prediction of profits this year after reporting a boost in customers and revenues in 2022.
Andrew Bailey hints Bank of England is close to ending interest rate hike cycle January 19, 2023 Andrew Bailey has hinted that the Bank of England will stop hiking interest rates soon in an interview today. Speaking to Business Live, the governor of the Bank suggested market expectations of rates peaking at around 4.5 per cent is more in line with the central bank’s own thinking. Though Bailey, 63, said he is [...]
Deliveroo: UK orders pass £1bn mark as takeaway giant remains upbeat about 2023 January 19, 2023 Quarterly orders on Deliveroo in the UK and Ireland passed the £1bn mark for the first time at the end of last year, the takeaway giant reported today, adding that it was confident about the year ahead despite much economic uncertainty. The food delivery company reported a seven per cent increase in gross transaction value [...]
‘We’re all terrified of being accused of greenwashing’, Standard Chartered boss tells Davos January 19, 2023 Standard Chartered CEO Bill Winters demanded clear rules on climate financing at a Davos meeting as potential lenders are “terrified of being accused of greenwashing”. Winters agreed with panellists that there needed to be much more action on financing climate change initiatives. However, he warned there needed to be standards on “what’s a good project [...]
Bitcoin and wider crypto markets take a breather January 19, 2023 Bitcoin is trading for $20,789 this morning, down by 2.25% over 24 hours, while Ethereum is in the red by 3.32%, changing hands for $1,527.