Dealmaking drought set to continue amid recession fears June 26, 2022 A dealmaking drought is set to continue this year as firms batten down the hatches for a prolonged period of rampant inflation and stock market turbulence, analysts have warned.
World is staring down the barrel of new high inflation era, BIS warns June 26, 2022 The world risks being flung into a new era of persistently high inflation that will tip the global economy into a drawn out recession, one of the world’s top economic institutions has warned. Rampant price rises triggered by a series of economic shocks that have no “historical parallels” could become the norm, the Bank for [...]
Week ahead: City eyes housing stats and BoE governor Bailey remarks June 26, 2022 The UK’s red hot housing market is set to revert to more normal territory driven by the cost of living crunch chilling demand for homes, fresh data released this week that will be closely watched by the City. London’s premier FTSE 100 index has rebounded after suffering bruising losses of late caused by investors around [...]
Brits suffer weekend travel chaos as RMT goes ahead with third strike June 25, 2022 Strike action has entered its third day on the UK's rail network this week, causing severe disruption to passengers across the country.
London IPOs in decline since Brexit vote as British companies flock to New York June 24, 2022 London’s IPO market share has dropped since the Brexit vote as British companies seek to list in New York. Listings in the UK are at their lowest in over 10 years despite the government relaxing some rules to attract IPOs and make London a post-Brexit listings favourite. IPO activity in the country dropped to about [...]
It’s time to stop obsessing with the price of Bitcoin and look to the future June 24, 2022 The future is being built and it’s being built by some of the most passionate and focussed people you’ll ever meet, says Jason Deane.
Explainer-in-brief: Why paper bank notes are finally on the out June 24, 2022 Hear, hear: we all have 99 days left to use our £20 and £50 paper banknotes before they’re out of the market. Why is the Bank of England taking these notes away? The OId Lady says paper notes are easier to counterfeit than plastic ones, so it’s time to get rid of them. Plastic ones [...]
Retail sales volumes fell last month as the cost of living crunch eats into April’s gains June 24, 2022 Retail sales volumes fell by 0.5 per cent last month, according to the latest figures, as the cost of living crisis eats away at gains made in April. While the figures suggest current inflation levels and concerns over a recession have Brits’ pinching their purse strings, sales volumes were 2.6 per cent above pre-pandemic levels, [...]
Bloom & Wild boss confident of blossoming growth despite cost of living crunch June 24, 2022 The co-founder of Bloom & Wild chats to CityA.M. about international acquisitions, venturing into physical retail and why, despite a cost of living crunch, demand for flowers is still growing. After launching in 2013, Aron Gelbard and Ben Stanway’s letter-box florist has reaped the rewards of an acceleration towards online amid the pandemic. Last year, [...]
The Roman Empire has a lesson for Andrew Bailey on devaluing a currency June 24, 2022 Winston Churchill once said: “The farther back you can look, the farther forward you are likely to see.” Those words apply to many aspects of our lives, not least economics. The past few weeks have seen the pound slump in value. In May alone, it fell by around eight per cent on its year-on-year value [...]