London must not rest on its laurels, it needs strong access to talent to continue to thrive January 29, 2022 The past twelve months have been one of the biggest tests that London has undergone in recent memory, with the twin challenges of Brexit and the Covid-19 pandemic leading some cynics to doubt the capital’s future as a world leading business hub. Even though streets across the City and central London fell quiet at times [...]
Businesses brace for insolvency storm as Covid aid winds down January 28, 2022 Over half a million UK businesses are struggling financially amid soaring inflation and the rollback of government Covid-19 support.
Embattled Amigo appoints charted accountant as interim CFO after lender’s most dramatic week ever January 28, 2022 Amigo Holdings said this morning it has appointed that Danny Malone will be appointed on an interim basis as Chief Financial Officer, subject to approval by the FCA. The appointment as CFO is expected to take effect from 7 February 2022 and will be for a four month period. As the appointment is on an [...]
UK tech jobs soar at record pace January 28, 2022 New data released today reveals that tech sector roles are growing at the fastest rate ever as firms gear up for a strong 2022.
US economy smashes Wall Street expectations as GDP accelerates at quickest pace since 1980s January 27, 2022 The US economy is powering faster than Wall Street can keep up with as the recovery across the pond continues to gather momentum. Stateside GDP growth came in at 6.9 per cent in the final three months of last year, the US Commerce Department said today. Experts had been pencilling in a 5.5 per cent [...]
Plan B curbs sweep away retail sales as Brits shun high streets January 27, 2022 Plan B curbs that swept Brits away from the high street and offices throttled UK retailers this month, reveals a closely watched survey published today. The re-emergence of restrictions on daily life that dragged on throughout January hit high street sales, according to research carried out by the UK’s largest business group, the Confederation of [...]
Post-Brexit boost for the City as London takes top spot in global financial powerhouse rankings January 27, 2022 London continues to hold the top spot for financial and professional services in terms of overall offer when compared to other global destinations, including New York, Singapore, Hong Kong, Paris and Frankfurt, according to new figures published this morning. London received an overall competitiveness score of 61, followed by New York (58) and Singapore (53). [...]
Deutsche Bank posts best profits in a decade in sea change for ailing lender January 27, 2022 German banking giant Deutsche Bank smashed expectations to deliver its best profits for a decade, the lender announced today. Rampant global deal making driven by investors and firms rushing to deploy a wave of idle cash to snap up companies boosted Deutsche Bank’s bottom line. Profits climbed more than fourfold over the last year to [...]
Ackman snaps up $1bn Netflix stake to go “all-in” on streaming January 27, 2022 Billionaire activist investor Bill Ackman has revealed he has built a stake in Netflix worth more than $1bn dollars, as the streaming giant battles a spiralling share price and investor exodus. Ackman announced on Twitter yesterday that his firm Pershing Square Capital Management started buying up Netflix shares on Friday and was now a top-20 [...]
St James’ Place boosts inflows by £4.69bn in latest quarter January 27, 2022 Wealth manager St James' Place has beaten expectations, ending the year with a record £154bn of assets under management.