The City View: Victoria Scholar on rising prices, unemployment and retail sales data; and XR cause Lloyd’s of London HQ shutdown April 12, 2022 Today Andy Silvester talks to Victoria Scholar, Head of Investment at Interactive Investor. They go through some of the week’s economics data on GDP, unemployment, retail sales, and talk trading updates. They discuss the latest from ASOS, Deliveroo, and EasyJet: ASOS is facing a raft of headwinds, as investors lose confidence in the online retailer; [...]
Stateside inflation roars to highest rate since Christmas 1981 April 12, 2022 Stateside inflation has roared to its steepest level since Christmas 1981 in a sign of darker times to come for UK households, reveals official figures released today. Prices are 8.5 per cent higher than they were a year ago in the US, according to the US Bureau of Labor Statistics. The damning figures strengthen the [...]
Will Bitcoin rally to hit a new ATH of $75k in 2022? April 12, 2022 Crypto AM columnist Nigel Green predicts Bitcoin will hit an all-time high of $75,000 this year.
Unemployment drops further as UK pay falls for second month in a row amid inflation frenzy April 12, 2022 According to the Office for National Statistics, unemployment fell yet again to 3.8 per cent in February, down from 3.9 per cent. The UK employment rate was largely unchanged on the quarter at 75.5 per cent, but still sat below pre-Covid pandemic levels. The ONS’ estimate of payrolled employees for March 2022 shows a small [...]
Regulators raise concerns as investors swap shares for crypto April 11, 2022 Natwest has revealed more of its customers invest in crypto than shares, as the popularity of digital assets continues to soar.
The City View: Sluggish UK economic growth, and Heathrow flying high April 11, 2022 Today Andy Silvester talks to City A.M.’s Economics and Markets reporter Jack Barnett. They go through lacklustre UK economic growth figures and why the cost-of-living crisis will hinder said growth; the latest inflation figures; the global economic recovery; and economic uncertainty to come. Andy also goes through the news: Heathrow has marked its highest number [...]
UK inflation to accelerate to highest rate since March 1992 April 11, 2022 Inflation in the UK will soar to its highest level since March 1992, intensifying an already tight cost of living squeeze that is hitting households, according to City experts. Accelerating food and energy prices stoked by Russia’s invasion of Ukraine will propel inflation higher, fresh estimates released by the Office for National Statistics (ONS) on [...]
Crypto firm Copper poaches BoA team for prime broker product April 11, 2022 Crypto startup Copper has poached a team of Bank of America executives to build a prime brokerage product.
Property deposits for first-time buyers swell over 50 per cent in last decade April 11, 2022 The average deposit for first-time buyers has rocketed more than 50 per cent over the last 10 years – even after adjusting for inflation, according to a new study. As homeownership falls further out of reach for first timers, those trying to get on the property ladder must have a deposit of more than £45,500, [...]
Saturday Spotlight: Nigeria and China speed ahead of UK in digital money race April 9, 2022 A new index charting the readiness and adoption of central bank digital currencies (CBDC) has seen Nigeria top the ranking with the e-Naira, launched in October 2021. Nigeria’s lead is closely followed by other early CBDC adopters, the Bahamas, Mainland China, Jamaica and Eastern Caribbean. The findings, from the PwC Global CBDC Index, capture the [...]