Share price jump: Eurowag revenue jumps more than third but profits trail behind March 24, 2022 Pan-European payments platform Eurowag has enjoyed a revenue bump of more than a third in the past year, though pre-tax profits trail behind. The transport-focussed platform, which raised €200m (£171m) in its initial public offering (IPO) in London last year, snagged €1.6bn (£1.3bn) in revenue in the 12 months to 31 December. The climbing [...]
London boots out European rivals to claim Continent’s top finance hub crown March 24, 2022 London has muscled out its rivals on the Continent to take the top spot as Europe’s best finance hub, reveals a closely watched survey shared exclusively with City A.M. today. The City beat the likes of Paris, Frankfurt and Amsterdam to Europe’s crown, according to Z/Yen Group’s thirty first global financial centres index (GFCI). Pesimisits [...]
1 Minute Market Rundown – 24th March 2022 March 24, 2022 Russia – UkraineYields in focusCrypto consolidates Rates markets continue to dominate proceedings with yields continuing to push higher but risk is holding in rather well. Looking across equities and crypto it feels like the dips are getting shallower and we are putting in higher lows. We have been saying crypto has been quietly bid and [...]
Hong Kong to soon ‘open up to world’ just as Singapore eases its own restrictions March 24, 2022 Hong Kong is looking likely to “open up to the rest of the world” once its latest Covid-19 wave fades, before the lights of Singapore grow too tempting for corporate expats. Hong Kong leader Carrie Lam said she is “very optimistic” the financial hub will soon pull off pandemic restrictions which have blanketed the city [...]
Ashleigh Barty hints at career in new sport following shock retirement from tennis March 24, 2022 Women’s tennis No1 Ashleigh Barty has hinted she could take up another sport professionally following her shock retirement. Barty, 25, played cricket to a high level during a previous break from tennis, competing in the Women’s Big Bash. She is said to have a single-figure golf handicap and has also been linked with a move [...]
Kremlin shock admission as Putin spokesman Peskov says Russia has ‘not achieved anything yet’ in Ukraine March 24, 2022 Kremlin spokesman Dmitry Peskov has denied that Russia’s invasion of Ukraine has stalled. However, asked on CNN what Russian President Vladimir Putin has achieved in Ukraine, he said: “Well, first of all not yet. He hasn’t achieved anything yet.” But he insisted the military operation was going “strictly in accordance with the plans and purposes [...]
Rishi Sunak admits Brits face ‘challenging and uncertain’ times after Spring Budget March 24, 2022 Chancellor Rishi Sunak has said the country is facing “challenging and uncertain” times after official forecasters predicted the biggest fall in living standards on record. Following his spring statement on Wednesday, the Chancellor insisted the Government was “on the side of hard-working families”. But Labour said that he had done nothing to tackle the cost-of-living [...]
Next anticipates £10m hit to profit after suspending online sales to Ukraine and Russia March 24, 2022 Fashion retailer Next has lowered its profit guidance by £10m after it stopped online sales in Ukraine and Russia. The high street name also shrunk its sales guidance for the 2022/2023 year by £85m, a two per cent dip. In results published on Thursday, it anticipated its full price sales would rise five per cent [...]
Ukraine forces hold off advance on outskirts of Kyiv as UK pledges more weapons March 23, 2022 Ukrainian forces fought back attempted Russian advances on the outskirts of Kyiv today as the UK promised to send more defensive weapons to the country. Kyiv mayor Vitali Klitschko said skirmishes had intensified on the outskirts of the capital, with Ukrainian forces allegedly securing “the small city of Makariv and almost all of Irpin”. Russia’s stalling [...]
Putin pushes for rouble payments causing gas prices to spike March 23, 2022 Russia will seek payment in roubles for gas sales from “unfriendly” countries revealed President Vladimir Putin today.