London needs to slash car use to steer away from ‘filthy air and gridlocked roads’, says Khan January 11, 2022 London needs to slash its car use, otherwise the city faces a crisis of “filthy air and gridlocked roads”, mayor Sadiq Khan has warned. The mayor has urged for “greener means of travel”, after London was crowned the world’s most congested city late year, according to traffic information supplier Inrix. Public transport use in the [...]
Wise shares show signs of recovery after Citi sparks sell-off January 11, 2022 Wise shares began to regain ground this morning after a sharp a sell-off yesterday saw the stock plummet to its lowest price ever. Shares in the London-based fintech firm fell 2.5% before 9am but recovered to trade up 3% on their opening price. Wise shares plummeted 7% yesterday following guidance from Citi analysts that their [...]
Ovo Energy says sorry after it tells customers to do star jumps and cuddle pets to cut down bills January 11, 2022 Ovo Energy has apologised after it advised customers to do star jumps, cuddle pets and eat porridge to cut down energy bills and stay warm.
Robert Walters revels in rising profits as businesses return to the recruitment market post-lockdown January 11, 2022 Recruitment specialists Robert Walters have reported fourth-quarter profits of £95.1m, after a record December performance.
London notches best year for floats since 2007 January 11, 2022 A wave of listings flooded London markets last year as private firms pushed to capitalise on strong investor demand, reveals new figures published today. Some 121 businesses floated in the City in 2021, the highest volume since 2007, according to research carried out by consultancy EY. Newly listed firms raised over £16bn in the capital [...]
Buckle up: Wild ride on Wall Street as rate rise talk spooks investors January 10, 2022 An explosive Goldman Sachs note triggered a day of drama on Wall Street today after the investment bank warned of as many as four US Fed rate rises in 2022 alone. The tech-heavy Nasdaq crashed by as much as 2.7 per cent in early trading, tipping it briefly into correction territory. A late rally saw [...]
UK inflation to remain more than double BoE’s target for entire year January 10, 2022 UK inflation will run at more than double the Bank of England’s two per cent target for a whole year, reveals fresh forecasts published today. The rate of price increases will peak at 6.7 per cent this April, lifted higher by the energy bill cap being hoisted around 50 per cent, according to investment bank [...]
TfL accelerates net-zero goals with start-up partnership January 10, 2022 Transport for London (TfL) is accelerating its net-zero goals for railway by partnering up with London-based start-up Spinview to provide digital monitoring of tracks and tunnels as well as data on CO2 and noise levels. Funded by the UK Government as part of the UK Government’s ‘smart grants’ scheme, the project will initially be trialled [...]
US Federal Reserve to launch rate hike spree in 2022 January 10, 2022 The US Federal Reserve will launch a hiking spree this year as the world’s most influential central bank zeroes in on spiralling inflation in America, according to City analysts. The Fed will hoist interest rates at least four times in 2022 in a bid to tame red hot price rises that are already seeping into [...]
Used cars cost 50 per cent of Brits’ salary, data reveals January 10, 2022 Buying a used car costs almost 50 per cent of a Brit’s average salary, according to car leasing company Vanarama. Since 2017, the average price of a second-hand vehicle has gone up from representing 41.5 per cent of the average UK salary to amounting to 47.2 per cent, around £14,775. “Generally, the UK cost of [...]