Exclusive: Unprecedented war for talent reflects a seismic shift in power on Britain’s hyper-aggressive job market May 26, 2022 Britain’s jobless rate has fallen to its lowest level for over 47 years. In fact, for the first time ever, there are fewer unemployed people than job vacancies. This is resulting in an unprecedented ‘war for talent’ and an unprecedented wave of pay hikes, but what does this actually look like for London’s business community? [...]
Space SPACs: Uncertainty surrounds the mega-IPOs of the future May 26, 2022 The climate and energy crisis on Earth has markets rattled, but could investors be wooed by the plan to put nuclear energy plants on the moon and make humans interplanetary? Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX, and satellite spinoff Starlink, have been pegged by analysts to be the mega-IPOs of the future for [...]
Altcoins drop as JPMorgan holds Bitcoin price assessment May 26, 2022 The price of Bitcoin remains flat this morning, with low trading volume suggesting there is still indecision among investors.
AJ Bell pre-tax profits fall despite swelling customer base May 26, 2022 AJ Bell, one of the UK’s largest investment platforms, has continued to see customer growth following the pandemic-induced boom in retail investing, however pre-tax profits have slipped. The platform’s customer base has grown by more than 35,500 in the six months to 31 March, to a total of 418, 309 – having already increased by [...]
Slowing business activity strengthens UK recession risk May 26, 2022 Swelling costs and fears over rampant inflation forcing consumers to slash spending are eroding British businesses’ optimism, casting doubt over whether the country can avoid a recession, two surveys published today reveal. Households are cutting discretionary purchases in response to living costs climbing at the quickest pace in four decades, research by the Confederation of [...]
‘Impact tech’ investment jumps to £960m in 2022 but slowdown looms, analysts warn May 26, 2022 Funding into so-called ’impact tech’ start-ups in the UK has jumped over 30 per cent this year despite soaring inflation and market turbulence beginning to put the squeeze on venture capital investors, fresh data has revealed.
No point in having a state of the art transport system if our people can’t afford it May 26, 2022 This is a good month for trains in London. The Elizabeth Line finally opened on Tuesday, mostly to acclaim for its engineering and speed. The Northern Line works through Bank, which made north-south travel painfully difficult, ended punctually a week earlier. It’s briefly easy to forget the storm clouds gathering over public transport in London [...]
The City View: Offshore Energies UK CEO on deleterious effects of a windfall tax May 25, 2022 Today Andy Silvester chats to Deirdre Michie, CEO at Offshore Energies UK. They unpick the windfall tax, the risk it poses for smaller energy firms and the sector in general, the state of the energy industry, and the seemingly lackadaisical speed of the energy transition. In other news: M&S is leaving its Russian franchise business, [...]
Reforms to stamp duty holiday could pin down runaway house prices, say industry chiefs May 25, 2022 A cocktail of record house prices, HM Revenue and Customs HMRC’s record stamp duty earnings and plunging property transactions have left property chiefs calling for reforms. Reworking the stamp duty, the tax put on residential properties over £125,000, could help rebalance the hot property market and runaway valuations, according to onlookers. “Stamp duty has an [...]
M&S warns cost of living crunch will slow sales growth May 25, 2022 Despite posting hefty profits this morning, the luxury retailer M&S warned against upcoming inflationary headwinds.