2022: The year the UK economy soured December 23, 2022 Let’s not forget that inflation was already a problem heading into 2022. The final inflation reading of 2021 was for November and came in at 5.1 per cent, nearly three times higher than the Bank of England’s two per cent target and the highest level since September 2011, according to the Office for National Statistics [...]
Crypto in 2022: It wasn’t all bad December 22, 2022 This year was turbulent, even by crypto standards. If the past twelve months have taught us anything it’s that crypto is still far from a mature asset class and time may be running out for the industry to prove itself as a functional and beneficial cog in our financial system. There are a number of [...]
Sercanto’s effort against UK recruiting decline December 21, 2022 | Sponsored The year 2022 ends with a bit of bitterness for the UK job market. The latter has in fact recorded a significant drop in hiring and, according to the forecasts, the trend could continue for 2023. The main reasons leading to this reduction are two: 1. Poor economic outlook discourages employers from investing and hiring [...]
Brits untroubled by rising mortgage rates as property transactions rise December 21, 2022 Monthly property transactions have increased across the UK and returned to pre-pandemic levels despite the ongoing cost of living crisis. Today, HM Revenue and Customs (HMRC) published statistics indicating that monthly property transactions in the UK above £40,000 have increased consecutively over the past nine months. Frances McDonald, research analyst at Savills said: “In light [...]
EXCL – Renters and homeowners go head to head: Tenants want price controls while landlords feel penalised December 21, 2022 While landlords say there is too much regulation in the private rental sector, a majority of tenants in the UK say that there is not enough, according to new research shared exclusively with Morning Wire today. Almost three in four tenants say that the rental market needs tighter regulation to protect renters, but over three [...]
Dealmaker’s Spotlight: Oakwell Sports Advisory December 21, 2022 | City Talk Datasite recently spoke with Alex Coral, VP, Oakwell Sports Advisory, to hear his thoughts and insights on why sport and its related assets remain a popular investment, even during a downturn. Oakwell is a dedicated corporate finance and strategic consultancy boutique that advises sports rights holders and investors on commercial strategy, financing options, and valuation. [...]
Hopes of Christmas spending splurge nudges UK business confidence higher December 21, 2022 UK businesses are hoping the Christmas spending splurge will give them a welcome boost before a long recession sets in, a new survey out today shows. According to Lloyds Bank’s business barometer index, every UK region notched a positive business confidence reading for the first time since July. Eight out of the 11 areas recorded [...]
FTSE 100 nudges higher after BoJ tightening boosts UK banks December 20, 2022 London’s FTSE 100 nudged higher today after banks were boosted by yet more signals from the global central banking community that policy will keep tightening next year. The capital’s premier index added 0.13 per cent to close at 7,370.62 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]
Just Eat gets standard stock listing December 20, 2022 Food delivery app Just Eat switched to a standard listing on the London Stock Exchange. Previously, it held a ‘premium listing’. A premium listing comes with additional caveats and with the standard listing, trade for Just Eat stocks is easier. Along with its listing on LSE, it remains listed Euronext Amsterdam. The company holds 45 [...]
London City Airport – Looking to the Future in 2023 December 20, 2022 | Sponsored Message from Robert Sinclair CEO, London City Airport I wanted to start with a thank you to all the Morning Wire readers that have flown through London City in 2022. There was a short spell, if you can remember it, at the start of the year when the prospect of travelling even across London, never [...]