Value of global M&A falls as post-pandemic inflation shakes down figures May 2, 2022 The value of global M&A activity has dwindled in the first quarter of the year, as inflationary headwinds shake down valuations – and have blown other deals off the table. Mergers and acquisitions (M&A) have “clearly weakened” in the first few months of 2022, according to analytics firm GlobalData, with total transaction value slipping more [...]
China zero-Covid policy and Ukraine war brings Europe factory output to ‘standstill’ May 2, 2022 China’s adherence to zero-Covid tolerance policies and Russia’s invasion of Ukraine has brought manufacturing “to a near standstill” in Europe, reveals a closely watched survey released today. Widespread shortages of raw materials used by factories on the Continent caused by Beijing plunging key trade hubs such as Shanghai into lockdown in response to a surge [...]
Week ahead: Wall Street and City eye central bank rate decisions May 2, 2022 Traders in the City and on Wall Street will be eyeing how much their respective central banks hike interest rates by in a week of key economic and corporate announcements. London’s premier FTSE 100 index posted a reasonable performance last week, adding 0.3 per cent to finish at 7,544.55 points, while the domestically-focused mid-cap FTSE [...]
Boris Johnson mulls a new Right to Buy scheme as housebuilding hits the curb May 2, 2022 Prime minister Boris Johnson is reportedly mullinh plans to bring in a new Right to Buy scheme, inspired by Margaret Thatcher, amid reports housebuilding has hit the curb. The plans seek to target “generation rent”, those whose hopes of owning a home have fallen increasingly out of reach despite being ‘of age’ to buy. [...]
KPMG refuses to sign off Adler audit following allegations of wrongdoing April 30, 2022 Big Four accountancy firm KPMG has refused to sign off the 2021 financial results of German property group Adler, after an investigation by the auditor last week unveiled widespread issues with the property firm’s corporate governance. In a statement, the Berlin based real estate company, which owns 52,000 flats across Germany, said KPMG had “not [...]
China’s reckless pursuit of zero-Covid must finally teach us resilience in supply chains April 30, 2022 China's pursuit of zero-Covid has caused pandemic-era supply chains to continue to cause repercussions across the world.
Tech Weekly: Digital Minister Chris Philp on London’s global tech status April 29, 2022 In this week’s episode, Charlie Conchie talks to Digital Minister Chris Philp. They ask whether London is still worthy of its role as a tech hub, technology and its part in addressing the cost-of-living squeeze, and free speech and online security amidst the Online Safety Bill. Episode transcript (auto-generated) Host 0:08 Hello and welcome to [...]
Which country will be next to make Bitcoin legal tender? April 29, 2022 Bitcoin will be legal tender in at least one more African and one Central or Latin American country in 2022, predicts a financial guru.
It’s been a funny old week in the world of Bitcoin April 29, 2022 This week can only be described as the “week of international events” for Bitcoin as news has come thick and fast from all corners.
1 Minute Market Rundown – 29th April 2022 April 29, 2022 Risk Stages a FightbackCrypto ConsolidatesUSD at a Crossroads…(We Think) Yesterday saw another significant round of USD buying as month end is upon us. For those who watch price action closely, the final leg higher in the USD yesterday could actually signify a short term high has been put in place. This all came despite the [...]