Khan tours America: Donald Trump’s presidency led to much more racist abuse for me, says Mayor of London May 11, 2022 As Sadiq Khan’s visit to the US matures, the Mayor of London has said Donald Trump’s period as US president led to a significant rise in racial abuse directed at him. Khan, speaking at Stanford University near San Francisco on his US trade mission, said temporary and permanent banning of Mr Trump from Twitter led [...]
TUI to reap profits in 2022 following summer travel boom May 11, 2022 TUI expects to become once again profitable in 2022 due to the expected boom in summer travel demand. In the second quarter of FY22, the holiday group’s losses before interest and taxes narrowed to €329.9m, down 47.8 per cent on the same time last year, while group revenues went up 9.5 per cent to €2.1bn, [...]
Russia-Ukraine war to wipe $1.5 trillion off global economy May 11, 2022 Russia’s invasion of Ukraine will wipe $1.5 trillion off the global economy this year, reveals new analysis released today. Soaring energy and food prices triggered by concerns about supply security as Moscow continues its assault on Ukraine will deliver a heavy blow to global economic activity, according to the National Institute of Economic and Social [...]
Fox posts mixed bag results as it announces Tampa Bay Buccaneers star Tom Brady as new sports pundit May 10, 2022 Media giant Fox posted humble growth this afternoon, with total revenue of $3.46bn (£2.81bn) for the third quarter, up seven per cent from last year's figures.
Energy Bill: Government commits to renewable ramp up but lacks plan for cost-of-living crisis May 10, 2022 Industry commentators have responded to the inclusion of the Energy Security Bill in the Queen's Speech, and the lack of support for households.
Mercuryo – providing a BaaS that doesn’t depend on crypto prices May 10, 2022 Mercuryo is a global payment services company that develops infrastructures for businesses looking to process cryptocurrency transactions.
Bitcoin hits $30k low as Wall Street continues to struggle, but is it bouncing back? May 10, 2022 The price of Bitcoin came within touching distance of $30k yesterday - the lowest it’s been since July 2021.
The City View: Analysing the G7 plan to phase out Russian oil May 9, 2022 Today Andy Silvester talks to City A.M. reporters Nicholas Earl and Leah Montebello. They go through the G7’s decision to phase out Russian oil, historically elevated gas prices, unpick Snapchat owner Snap Inc.’s plan to compete with the likes of TikTok, and break down Uber’s CEO Dara Khosrowshahi’s recent letter to employees. And in the [...]
‘Hard’ assets in demand: Deals by City’s distressed private equity funds treble to £1.8bn in just one year May 9, 2022 The leading mid-tier distressed asset private equity and debt funds in the UK made a total of £1.8bn of acquisitions of businesses last year, almost treble the £670m registered in 2020 and the highest figure for five years. The 12 specialist funds acquired 26 UK businesses in 2021, up from 19 the previous year. There [...]
An A-Z of sustainability terms for investors May 9, 2022 Sustainability, once a fringe consideration, has become core for many investors. Impacts on the planet – such as climate change and biodiversity loss – and on people – for example through the treatment of workers – are in the news every day. We believe companies and countries that adapt to such issues and challenges should thrive. [...]