This A.M.: Tide is turning at the Bank of England while markets await Powell remarks September 28, 2021 Having started the day in positive fashion yesterday, European markets saw the majority of the early gains slowly disappear, and though most did finish higher, it was a somewhat half-hearted affair. The result of the German election went entirely as expected, with little prospect of a new government this side of Christmas. US markets were [...]
Post-Brexit payments space is ‘breeding ground for financial crime as Wild West culture’ looms, warns rising City star November 16, 2021 After the UK left the European Union, a range of payment providers reported so-called IBAN discrimination as a number of companies across Europe began to refuse Euro account bank details if they contained the country code ‘GB’. As a result of Brexit, sending a payment to Eurozone countries resulted in additional charges. Whilst the fee is [...]
UK economy grew by 2.3 per cent in April as high street and hospitality reopened June 11, 2021 Britain’s economy grew by 2.3 per cent in April as government restrictions affecting economic activity continued to ease. It was the fastest monthly growth of gross domestic product (GDP) since July last year and exceeded economists’ forecast of a 2.2 per cent jump. In comparison with April 2020, monthly GDP in April 2021 is estimated [...]
Jet2’s operating losses go up due to customer anxiety November 18, 2021 UK low-cost carrier Jet2 registered a 53 per cent increase in operating loss as a result of the Covid-19 air travel restrictions and consequent customer anxiety. In its half year results, the airline’s losses went up to £170.4m, compared with £111.2m registered in 2020, while the group’s loss before foreign exchange revaluation and taxation increased [...]
Euro 2020 fuels surge in consumer spending July 13, 2021 Euro 2020, warmer weather and the lifting of Covid restrictions drove consumer spending up sharply in the UK in June, according to new figures released today. Data from Barclaycard shows spending was 11.1 per cent higher last month compared to June 2019, before the arrival of Covid, the sharpest rise since the start of the [...]
2021’s top traded stocks at IG and outlook for 2022 February 18, 2022 What were the most popular stocks in 2021? We look at how equity markets continued to rise with economic recovery and how investor sentiment on sectors has begun to change with increasing interest rates. The most traded stocks in 2021 Last year was an overwhelmingly positive period for equity markets with many developed market stock [...]
High streets may never recover to pre-pandemic levels, minister warns July 6, 2021 The number of shoppers on the high street may never again hit pre-Covid levels, as a combination of working from home and shopping online could permanently change consumer habits. Speaking to MPs on the Communities Select Committee, Luke Hall, minister for regional growth and local government, suggested a full recovery for the high street could [...]
Government to force big business to reveal green credentials October 18, 2021 The government will force big businesses, large money managers and institutional investors to reveal their sustainability credentials under a fresh green reporting regime launched today. Under the new rules, launched by the Treasury, every investment product must for the first time ever break down the environmental impact of the activities it funds. Businesses will have [...]
UK loses £2.5bn in fraud and cyber-crime cases during 2021 January 20, 2022 UK residents and businesses have seen financial losses of £2.5bn from fraud and cyber-crime over the course of the past year, a new study reveals.
It’s time to raise the bar on service – why companies should expect more from digital partners March 31, 2022 Over the last few years, we’ve seen incredible digital progress – across industries, employees and society. In some cases completely transforming what is possible almost overnight. And everything we’ve learned from the past few years of challenge and progress is now directly impacting the way business leaders make decisions to prepare for the future. Resilience, [...]