Hilton eyes return of business travel as revenue more than doubles thanks to Covid jabs February 16, 2022 The Hilton hotel empire is confident of its continued Covid recovery as it eyes the return of business travel in the coming months. Hilton Worldwide Holdings surpassed analyst’s predictions for quarterly profit and revenue in results today. It posted a 106 per cent rise in fourth-quarter revenue, with $1.84bn, compared with $890m for the previous [...]
Housebuilders facing extra £3.2bn in construction costs this year as prices spiral February 16, 2022 UK housebuilders could face paying the hefty extra sum of £3.2bn per year as new-build construction costs are set to skyrocket. The average cost of construction for a new-build property is set to rise almost £18,000 per unit, research from property debt adviser Sirius Property Finance has revealed. Construction costs across the industry could total [...]
‘Meta, Metamates, me’: Mark Zuckerberg sets out order of importance and values for staff at Facebook and Instagram owner February 16, 2022 Mark Zuckerberg has set out a number of corporate values that employees at Facebook-owner Meta should adhere by. During a virtual company meeting yesterday, the Facebook founder introduced the catchphrase ‘Meta, Metamates, me’, according to reports in the Washington Post and on the Gizmodo website. The catchphrase reportedly sets out the order of importance by [...]
Payments fintech Storfund lures in Amazon executive to ramp up product development February 16, 2022 UK payments fintech Storfund has lured in an Amazon payments executive as it looks to accelerate its product development and ramp up growth into new markets this year.
Private equity firms outgun banks on pay after fees soar February 16, 2022 Top US private equity firms are now outgunning big investment banks on pay as the they set aside more than twice as much to dish out to employees last year.
Editorial: Truss lets the cat out of the bag on ruinous NI hike February 16, 2022 Lest there had been any suspicion about the feline characteristics of the four-legged creature in the sack, Foreign Secretary Liz Truss confirmed what we had all suspected last night. The cat, as they say, is out of the bag. In a radio interview with LBC yesterday Truss – when asked about the coming National Insurance [...]
Russia to embrace crypto as Fitch downgrades El Salvador, KPMG Canada bets on BTC and ETH February 15, 2022 Data from CryptoCompare shows that the price of Bitcoin started the week at around $42,500 and moved up steadily to the $45,000 mark.
Avalanche and Hedera Hashgraph added to eToro cryptocurrency line-up February 15, 2022 Social investment network eToro has added Hedera Hashgraph and Avalanche to its platform, bringing its total number of cryptoassets offered to 51.
Editorial: Can buy now pay later firms be blamed for consumers’ poor decisions? February 15, 2022 It is tempting to think of buy now, pay later as financial innovation. In truth it is not; it’s merely a new adaptation of an unsecured credit agreement. For all the adverts and branding, buy now pay later operators offer you the chance to pay in three instalments, rather than one. Firms make money from [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 15, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Tate & Lyle Tate & Lyle appointed a food industry veteran as its new chief financial officer, who will also be posted to the board. Stepping into the role in mid-May, Dawn Allen joins from US food manufacturer Mars, Incorporated where she has been [...]