Independence is ‘vital’ for effective regulation, say watchdogs September 7, 2022 The UK's top financial regulators have doubled down on their continued independence from political influence today as they warned that pursuing short term growth by "lowering" regulatory standards could threaten financial stability.
Britain hurtling toward long economic slump and record living standards squeeze September 6, 2022 Britain is sinking into a long economic slump that will deal the biggest hit to household finances on record, a new report released today shows. A historic inflation surge led by sky-high energy bills is set to tip the country into a recession this year, wiping off £2,000 of Brits’ real take home pay, according [...]
London’s FTSE 100 jumps as Liz Truss mulls cost of living support package September 6, 2022 London’s FTSE 100 jumped today driven by investors being reassured by new prime minister Liz Truss preparing to ramp up support for households and businesses this week. The capital’s premier index added 0.18 per cent to reach 7,300.44 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the [...]
BT shares slump as brokers downgrade FTSE 100 firm September 6, 2022 BT shares slumped to the bottom of the FTSE 100 this morning after it received a scathing broker note about its investments. German investment bank Berenberg dropped the telecom stock from a Buy to a Hold, stating that it had underestimated the pressures on the UK firm. Brokers also reduced its price target to 190p from 220p. [...]
EXCLUSIVE: New PM Liz Truss will protect ‘crown jewel’ Canada September 6, 2022 Liz Truss will “empower the City to drive economic growth” through tax cuts and regulatory reform as Prime Minister, she exclusively told Morning Wire. The newly-appointed Conservative leader said, who will be appointed formally by Her Majesty the Queen at Balmoral today, she wanted to maintain the Square Mile’s competitive edge and “supercharge growth and [...]
Ethereum price movement outpaces Bitcoin ahead of Merge September 6, 2022 The price of Bitcoin (BTC) remains stuck below $20,000 this morning, with the largest cryptocurrency by market value changing hands for $19,911.
Snap snaps and Big Tech feels the heat: What’s next for advertising? September 6, 2022 Morning Wire chats with sustainable advertising platform WeAre8 to chat about the future of advertising in an age of distraction and economic turmoil.
Liz Truss is new PM: Johnson loyalists Patel, Dories and Tory co-chair quit September 5, 2022 Three senior Conservative and Boris Johnson loyalists quit their roles ahead of Liz Truss being sworn in as prime minister. Priti Patel, the Home Secretary, Nadine Dorries, the Secretary of State for Digital, Culture, Media and Sport, and Ben Elliott, the Johnson-appointed co-chair of the Party, announced they quit their roles. Patel took to Twitter [...]
Liz Truss: New PM can be radical – but she’ll need to keep sceptical markets onside September 5, 2022 As she gets used to the new letterhead on her stationery over the next couple of days, Liz Truss will also be introduced to the art of the balancing act. The job of Prime Minister requires different skills from that of a successful Cabinet minister, on whom it is beholden to drive forward their own [...]
Netflix pushes forward with ads offering as new players continue to pile in September 5, 2022 Netflix is reportedly bringing forward the launch of its cheaper ad-supported tier as the streaming giant tries to keep hold of a dwindling subscriber base.