UK must ‘get used to’ soaring inflation eroding living standards February 15, 2022 Soaring inflation eroding Brits’ living standards is something the country needs “to get used to,” the City’s top economists warned yesterday. The alert was sparked by fresh jobs figures published yesterday indicating take home pay already being squeezed by the cost of living crisis is a sign of things to come. Real earnings slid 1.2 [...]
Blackstone bets big on European logistics firm with €21bn reinvestment February 15, 2022 Blackstone is doubling down on its support for its European logistics company Mileway with a €21bn (£17.6bn) reinvestment.
Brexit: City firms to be cut off from EU derivatives clearing access after June 2025 February 15, 2022 UK-based derivatives clearing houses will no longer have access to the European Union after June 2025, the EU’s financial services chief has said. Mairead McGuinness confirmed that the EU will no longer allow non-EU, UK-based firms to operate within the bloc from the summer of 2025, “I am very clear that June 2025 is the [...]
Oil slumps as Russian troops return to base and investors cash-in on market rallies February 15, 2022 Profit taking from investors and reports of Russian troops pulling back from Ukraine's borders has weighed down oil prices.
North/South Divide February 15, 2022 | Sponsored The way in which countries in the Asia Pacific region dealt with the coronavirus pandemic is well documented. Governments in that region reacted swiftly and implemented strict lockdown measures to curb the spread of the virus. However, the recovery and pace of growth has not been uniform across the region, with North Asian countries outperforming [...]
Tory MP Nigel Adams pushed for biomass subsidies while receiving £62,000 in donations from industry February 15, 2022 It has been reported that one of the strongest biomass supporters in parliament, Nigel Adams MP, received more than £60k in donations from the industry while lobbying the government to provide biomass companies with subsidies. Adams reportedly accepted £62,411 in donations between 2012 and 2016, including more than £30,000 to attend a number of conferences [...]
Babcock inks deal to snap up company maintaining Australian navy ships February 15, 2022 British aerospace and defence company Babcock has announced plans to snap up a company that manages Australian navy ships.
Brazil’s Jair Bolsonaro gives green light for extensive gold mining in Amazon rainforest February 15, 2022 The president of Brazil, Jair Bolsonaro, announced last night his government has launched plans to allow a significant expansion of gold mining activities in the Amazon rainforest. The decision was condemned and criticised by environmentalists around the world amid warnings more mining could further damage the Amazon, namely by deforestation and pollution. Bolsonaro signed a [...]
Plus500 launches share buyback as profits fall by a third February 15, 2022 Plus500 has launched a share buyback programme despite profits slipping by more than a third in the 2021 financial year.
Ukraine fears building: Markets hold their breath after Monday wiped off £43bn of London shares February 15, 2022 Billions were wiped off the stock exchange in London yesterday after global markets were thrown into turmoil in the second Monday collapse in less than a month. Nearly £58bn had been removed from the value of London’s top 350 companies just a couple of hours after markets opened on Monday. However, the companies clawed back [...]