Industry experts call for consumers to adapt energy habits to mitigate rising prices January 26, 2022 The habits of energy consumers need to be adapted to minimise the pain from rising household prices this year.
Vroom vroom! Cazoo buys Italian online retailer in €80m deal January 26, 2022 Online car retailer Cazoo announced today it will acquire Italian rival Brumbrum in a €80m (£66.8m) deal. Cazoo will acquire Brumbrum in a mix of cash and Cazoo shares, with the transaction expected to be carried out in the next few days. By acquiring Brumbrum, the UK company will have access to the five most [...]
Crypto markets continue to recover, although low volumes cast shadow January 26, 2022 The crypto markets continue to show signs of recovery this week, with Bitcoin currently changing hands at just below $38k.
JPMorgan readies to convert $9.1bn mutual funds into ETFs January 26, 2022 JP Morgan will begin converting $9.1bn of mutual funds into exchange traded funds (ETF), after the four funds bled a combined $2bn in the year to November.
Omicron pushing US Fed into action January 26, 2022 Stagflationary risks are rising as Covid variant extends disruption and central bank steps up to bring inflation under control. US inflation hit its highest level since 1982 at the end of 2021, with the consumer price index (CPI) reaching 7% year-on-year. The figures were widely anticipated, but only add to pressure on the US Federal [...]
Today’s Fed meeting: ‘Officials are behind the curve when it comes to dealing with inflation risk’ January 26, 2022 Markets’ main focus is set to be on today’s Fed meeting, and the messaging that is expected to layout the rate path for the rest of the year, starting with a widely expected 0.25 per cent March rate hike. “Last month’s Fed meeting saw the central bank accelerate its tapering program to $30bn a month, [...]
KPMG invests $160m into upping salaries as Big Four face the heat in battle for talent January 26, 2022 KPMG is set to invest $160m into boosting the salaries of its 35,000 staff, as the battle for white collar talent continues to put pressure on Big Four firms. In a Linkedin post titled “investing in our people,” Paul Knopp, Chair and CEO of KPMG in the US said the “increase in salaries embodies our [...]
Investment bank warns gas prices could quadruple if Russia invades Ukraine January 26, 2022 Analysts have warned that UK gas prices could increase four-fold to over £10 per therm if flows from Russia are cut off over the coming months.
Market sentiment driven by events on Russia vs NATO over Ukraine and today’s Fed meeting January 26, 2022 European markets had a slightly more resilient tone yesterday, reversing some of their early week losses, however we still remain below the closing levels of last week, so it might be a little early to sound the all clear so to speak. US markets also saw another rollercoaster session, opening sharply lower, as they looked [...]
Biden his time: What can the US President do to contain rising oil prices ahead of the mid-terms? January 25, 2022 As inflation, interest rates and Covid-19 mortalities rise in the US the only thing that appears to be sliding is President Joe Biden’s poll numbers.