Sky Bet owner Flutter sets sights on National Lottery takeover February 6, 2022 The race to take over the National Lottery, one of the UK’s most lucrative public sector contracts, is heating up in the final stretch.
Meet Julien Martinet: The savvy lawyer who poached an entire team from law giant Hogan Lovells February 5, 2022 Julien Martinet this week hit the headlines for leaving Hogan Lovells, one of the biggest law firms in the world, to start his own specialist litigator, Swift Litigation – and taking his entire team of lawyers with him. Martinet’s departure from Hogan Lovell’s came after former Boies Schiller Flexner partner Natasha Harrison left the New [...]
US jobs surge by 467,000 in a month beating estimates February 4, 2022 The US added 467,000 new jobs to the payroll in January beating estimates despite business closures caused by Omicron.
Five charts showing the attractions of Asian equity income February 4, 2022 | City Talk Asian shares offer a compelling proposition when it comes to investing for income. Interest rates may be on the rise but investors searching for higher income will still want to consider the merits of dividend-paying shares. Income investors often look to UK shares. However, Asian equities also hold significant attractions for income investors, and can [...]
BoE boss Bailey calls for wage restraint to control inflation February 4, 2022 Bank of England governor Andrew Bailey said inflation risked getting out of control without restraint on pay rises.
Nothing left: Less than one in three Brits to receive an inheritance despite overall pot growing fast February 3, 2022 Less than one in three Brits expect to get an inheritance from their family, partner or other loved ones, while those who are already relatively well off being significantly more likely to benefit, according to new data shared with City A.M. this morning. While the overall value of inheritances is expected to surge in the [...]
It’s a myth that ETFs are eating the world February 2, 2022 | City Talk ‘Software is eating the world’: so wrote the US venture capitalist Marc Andreessen back in 2011. From today’s perspective, with companies like Alphabet, Microsoft and Meta dominating the stock markets, Andreessen’s observation seems to have held up. Had BlackRock chief executive Larry Fink made similar comments about exchange-traded funds (ETFs) 11 years ago, he likewise [...]
Londoners spend up to 72 per cent of their entire income on simply getting by in the capital February 2, 2022 London renters are forking out up to 72 per cent of their monthly household income simply to get by in the capital’s rental market. Nationwide, that figure is even higher, up to 77 per cent. The average UK rental household pays £808 per month in rent, accounting for 26 per cent of total monthly household [...]
London plumber crushes Pimlico Plumbers in Supreme Court and wins landmark case over holiday pay February 2, 2022 A London plumber has won a key lawsuit in the Supreme Court over his workers’ rights as appeal judges ruled late yesterday afternoon he is entitled to back-dated holiday pay. Gary Smith, who had worked for Pimlico Plumbers between 2005 and 2011, went to court after a long-running dispute with the company over holiday pay. [...]
16 years of returns: History’s lesson for investors February 2, 2022 | City Talk This graphic shows the best and worst performing assets each year since 2006, and shows the powerful benefits of diversifying your investments. The temptation among investors is to stick with what you know. That is no bad thing. It is a strategy championed by successful investment pioneers such as Warren Buffett, a famous devotee of [...]
