Wall Street titan Goldman Sachs misses profit expectations on weak trading revenue January 18, 2022 One of Wall Street’s top investment banks, Goldman Sachs, has missed profit expectations on weak trading activity. A bumper period of takeover volumes was overshadowed by a seven per cent reduction in Goldman’s global markets arm, the lender announced today. Profits applicable to common shareholders for the three months to December came in at $3.8bn [...]
Bitcoin and co drift sideways in tandem with global stock markets January 18, 2022 Bitcoin, the largest cryptocurrency by market capitalisation, is down about 2.5 per cent since this time yesterday to just below $42k
Omicron onslaught: Wave of bankruptcies as insolvencies climb with voluntary liquidations up by 73 per cent January 18, 2022 The latest monthly insolvency statistics, published this morning by The Insolvency Service for the month of December 2021, show that the number of registered company insolvencies in England and Wales is 33 per cent higher than the number registered than two years ago, just before the pandemic. These rises were particularly influenced by the higher [...]
Beeb boss: A commercial BBC would fail British audiences January 18, 2022 A BBC funded purely by commercial means would fail to serve a universal British audience in the way it does now, its boss warned this morning, after the government questioned whether its public funding model should continue in future.
Marshalls ups trading expectations as it weathers the supply chain storm with revenue up 26 per cent January 18, 2022 Marshalls reported this morning that its revenue was up 26 per cent from 2020 to £589m.
Watkin Jones revenue jumps by a fifth amid strong housing demand January 18, 2022 House builder Watkin Jones saw revenue jump by 21.5 per cent in the 2021 financial year amid strong demand for homes.
Nadine Dorries plays hard ball tactics with the big freeze of the BBC licence January 18, 2022 When Culture Secretary Nadine Dorries tweeted over the weekend that the next announcement about the BBC licence fee would be the last, social media erupted and a ticking time bomb was set off.
UK unemployment drops by 184,000 as number of Brits on payroll nears 30m January 18, 2022 The UK unemployment rate dropped from 4.5 per cent to 4.1 per cent between September and November 2021, according to ONS data.
Inflation to near 30-year high as Brits prepare to tighten their belts January 17, 2022 The cost of living in Britain will swell to its highest level in nearly three decades, some of the City’s leading economists warned today. Soaring energy bills, compounded by a sharp rise in the price of second-hand cars and petrol costs, will drive inflation to 5.3 per cent, according to Sanjay Raja, Deutsche Bank’s senior [...]
The City View: January 17: Credit Suisse and the BBC January 17, 2022 In this episode, Andy Silvester discusses the latest scandal at Credit Suisse, proposed changes at the BBC and a week’s worth of inflation data.