EY Germany vows to improve working conditions in wake of Wirecard scandal April 28, 2022 EY Germany has vowed to cut staff workloads and improve company working conditions, in response to its role in the multi-billion-euro Wirecard scandal. The German arm of the Big Four accountancy firm said it plans to reduce workplace stress and the overburdening of its workers, by limiting overtime and hiring more people. The pledge comes [...]
London-listed banks boost the City as earnings season rumbles on April 28, 2022 London-listed banks continued to boost the City this morning as lenders’ earnings season presses on full-steam ahead. The capital’s premier FTSE 100 index climbed 0.88 per cent to 7,491.03 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, rose 0.95 per cent to 20,631.69 points. [...]
Exclusive: Brits set to lobby employers for inflation-busting pay rise in response to cost of living crunch April 28, 2022 Brits are set to lobby their employers for a pay rise in a bid to cope with a tightening cost of living squeeze, reveals exclusive research shared with Morning Wire today. Employers that fail to meet workers’ demands for a wage boost risk losing out on retaining and attracting top talent, according to the ADP [...]
UK high street lenders whipsaw on muddled day of trading in the City April 27, 2022 The UK’s biggest high street lenders whipsawed in the City today after giving up morning gains that initially boosted London’s top indexes. The capital’s premier FTSE 100 index closed 0.53 per cent higher at 7,425.61 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped [...]
Following worse-than-expected Q1 results, where next for the Alphabet share price? April 27, 2022 | City Talk A key beneficiary of the covid-19 pandemic tech stock boom, Alphabet (NASDAQ: GOOGL) shares were changing hands for as much as $2,859 just three weeks ago. But after yesterday’s trading update, they sunk to as low as $2,215 in after-hours trading. Despite recovering to $2,305, worse may yet be to come. The Alphabet share price At first glance, Q1 results were [...]
Billionaire financier Leon Black paid mistress millions for UK Golden Visa April 27, 2022 Billionaire financier Leon Black paid his Russian mistress £2m to make her eligible for a UK “Golden Visa”, in the hopes she would start a new life, far away from his home in New York. The co-founder of private equity giant Apollo Global Management transferred millions to his former mistress Guzel Ganieva after she began [...]
Brits slash spending in another sign of looming economic woe April 27, 2022 The worsening cost of living shock is prompting Brits to cut back on unnecessary purchases in a further sign the UK economy is headed for a period of worse than expected growth, reveals fresh figures published today. Households are shunning luxury items in response to their living standards suffering a heavy blow from the highest [...]
How technology is transforming and unlocking real-estate asset classes April 27, 2022 | City Talk The line between technology and real estate is blurring, bringing new opportunities and asset classes, particularly in residential, office and biotech, says Samantha Kempe, co-founder and chief investment officer of IMMO Capital. The sheer size of the real estate sector – the global figure reached a record $326.5 trillion (about £251.1 trillion) in 2021, according [...]
1 Minute Market Rundown – 27th April 2022 April 27, 2022 | City Talk Risk Under PressureCrypto ConsolidatesUSD in DemandGoogle Disappoints To say things got ugly yesterday would be a bit of an understatement. Clearly, what goes lower, must go…lower. Stock indices closed the session sharply lower with the S&P taking out support at 4200. US stocks sank to the lowest levels seen in 6 weeks as hopes that [...]
London’s top indexes fail to recover China Covid lockdown triggered losses April 26, 2022 London’s top indexes failed to recover from Monday’s bruising session as investors were still jittery due to concerns over the severity of the impact on the global economy from China sticking to its zero-Covid tolerance policy. London’s premier FTSE 100 index edged 0.08 per cent higher to 7,286.19 points, while the domestically-focused mid-cap FTSE 250 [...]