UK services economy stands strong amid Omicron Plan B assault January 24, 2022 Britain’s services economy has stood strong in the face of the re-emergence of curbs on daily life in a bid to clamp down on the Omicron variant, reveals a closely watched survey released today. IHS Markit’s latest flash purchasing managers’ index (PMI) for the UK services industry came in at 53.3 for January, a marginal [...]
Computacenter expects profits to top £250m amid record order backlog January 24, 2022 British IT firm Computacenter expects pre-tax profits to exceed £250m for the full year amid strong demand for products and services.
Amigo Loans shares slide 40 per cent as lender warns of insolvency risk January 24, 2022 Amigo Loans has warned the company will collapse if a new scheme to pay back customers and restart lending is not approved.
Planned redundancies drop 86 per cent from pandemic peak January 24, 2022 Businesses are planning far fewer redundancies than they were a year ago amid growing confidence about the UK's economic recovery.
Financial services litigation in 2022: Push payments, crypto fraud, ESG and a jump in interest rates January 22, 2022 Push payments, cryptocurrency fraud and a jump in interest rates could lead to more litigation in the financial services sector in 2022, an industry expert discussed with City A.M. this weekend. One of the biggest drivers of financial disputes this year could be authorised push payment fraud. Authorised push payment fraud involves fraudsters duping consumers [...]
December home transactions show ‘strong end to frenzied year’ as markets expected to slow January 21, 2022 According to HMRC data, the provisional seasonally adjusted estimate of UK residential transactions in December 2021 was 100,110. This marks a 20 per cent dip on December 2020 but a 7.6 per cent spike on the prior month. Last year also saw a record level of home transactions of almost 1.5m, the highest since 2007, [...]
BT slaps millions of customers with 9 per cent hike in charges on phone and broadband bills January 21, 2022 Telecoms giant BT has said it plans to increase prices by 9 per cent from the end of March for most customers, another sign the cost-of-living squeeze is deepening. The company said those affected will end up paying an extra £3.50 a month – or £42 annually – on average for phone and broadband bills. [...]
Are Bitcoin’s positives being drowned out by negative economic noise? January 21, 2022 Jason Deane points out the numerous positives about Bitcoin that are getting lost in the fog of negative news narratives.
Clyde&Co, Fieldfisher, and Squire Patton Boggs boost lawyers salaries in battle for fresh blood January 21, 2022 Law firms are continuing the competition for new talent by upping trainee salaries, with Clyde & Co, Fieldfisher, and Squire Patton Boggs the latest firms to join the fray. US law firm Squire Patton Boggs told City A.M. that it had raised its trainee lawyers’ salaries by 27 per cent. In an email to City [...]
El Salvador to offer crypto-based loans to SMEs January 21, 2022 The government of El Salvador reportedly has plans to offer small and medium sized businesses (SMEs) crypto loans.