UK home to second most hedge funds, as US dominates rise of crypto strategies March 22, 2022 Britain is home to the second largest hedge fund market in the world, with more than 500 set up in the capital since 2019. The US leads the way with 67 per cent of the global share, with New York boasting almost 7,000. Data compiled for SigTech also shows London has 2,230, with nearly a [...]
Bosses at UK arm of Russian energy giant Gazprom seek to buy it out as insolvency looms March 22, 2022 Bosses at the UK arm of Russian energy giant Gazprom have made a bid to buy it out, as sanctions against its parent company threaten to make it insolvent. Manchester-based Gazprom Energy, which supplies more than a fifth of gas used by UK companies, has been left just days from needing a government bailout through [...]
British factories to launch fastest price hiking cycle on record March 22, 2022 British factories are preparing to launch the fastest price hiking cycle on record in a sign that inflation will surge even higher in the months ahead. A net balance of one in every eight UK manufacturers intend to raise prices, according to research by the Confederation of British Industry (CBI). Products produced by factories are [...]
1 Minute Market Rundown – 22nd March 2022 March 22, 2022 | City Talk Russia – UkraineYields in focusPowell doubles down on hawkish stanceCrypto finds support You would have been forgiven for thinking central banks had reached peak hawkishness with a war ongoing in Europe. Jerome Powell has decided to make a laughing stock of us all. In a speech yesterday, Powell doubled down and completed a quite incredible [...]
Sunak resists calls to scrap tax hikes despite lower than expected borrowing March 22, 2022 The government borrowed much less than expected over the year so far, indicating Chancellor Rishi Sunak has room for giveaways at tomorrow’s spring statement. The UK borrowed nearly £26bn less than the fiscal watchdog expected in the year to February, the Office for National Statistics (ONS) said today, freeing up some room for the Chancellor [...]
Six strategies for your retirement income March 22, 2022 | City Talk What surprises me most about my wife’s catering business is how much food is usually left over. I often ask: ‘Is there a better way to manage food costs?’. Her answer is always the same: ‘Better to have food left over than fall short.’ She has the exceptional ability to estimate how much each person [...]
Home-working dampens London firms’ recruitment plans March 22, 2022 A rise in hybrid working is dampening London firms’ recruitment plans, reveals a fresh survey released today. A net 31 per cent of businesses in the capital intend to scale up their workforce, down sharply from 42 per cent, according to a closely watched survey by ManpowerGroup. Greater use of remote working practices and a [...]
Commodities rally boosts London’s FTSE 100 March 21, 2022 A rally among commodity prices sent industrial giants soaring in the City yesterday, lifting London’s bucket of top stocks. The capital’s premier FTSE 100 index notched up 0.51 per cent to 7,442.39 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.71 per cent to [...]
Trading in Russian bonds resumes, but yields fly higher March 21, 2022 Yields on Russian bonds soared today after authorities un-froze trading in government debt for the first time since the day after the Kremlin invaded Ukraine. Investors dumped OFZ Treasury bonds – the acronym for Russian government loan obligations – on fears Moscow will be unable or unwilling to pay its debts due to Western sanctions. [...]
Inflation to climb again in fiscal headache for Sunak March 21, 2022 Inflation in the UK will accelerate to its highest rate since 1991, according to bets placed by City economists on Wednesday’s fresh data released ahead of Chancellor Rishi Sunak’s spring statement. The rate of price rises will breach six per cent, new figures from the Office for National Statistics (ONS) will show. Rising energy and [...]