Millions of Brits cancel streaming services as cost of living crunch sets in April 19, 2022 More than 1.5 million people have cancelled streaming platform memberships in the first quarter of 2022, as the cost of living crunch closes in on entertainment firms.
The lack of board diversity is deterring investors as the gender gap could take 100 years to close June 27, 2022 A lack of diversity in Europe’s top financial services boardrooms is deterring investors from backing firms, new research has revealed.
Gousto founder Timo Boldt: How Al Gore helped my meal-kit maker open doors May 30, 2024 Every week, City A.M.'s Charlie Conchie sits down with the biggest names in tech, fintech and financial services. This week, it's Gousto founder Timo Boldt
More rate hikes are coming, Bank of England official warns May 12, 2022 More rate hikes are on the way this year as the Bank of England continues to wrestle with a historic inflation crunch, a senior official at the monetary authority has said. Sir Dave Ramsden, a member of the Bank’s monetary policy committee, told households to brace for higher borrowing costs despite new figures released today [...]
Soaring inflation is UK’s main financial concern March 20, 2022 Soaring inflation is the top financial concern for UK adults, in both the long and short term, according to new research from M&G Wealth. A quarter (25 per cent) of UK adults cited soaring inflation as their main financial concern over the coming year, according to a survey of 2,000 people. A further 18 per [...]
When will the Bank of England, Federal Reserve and ECB start cutting interest rates? Sooner than you think January 31, 2023 Central banks around the world this year are going to take their lead from an unlikely source: the Bank of Canada. While being the central bank of a G7 country, it’s not exactly the biggest of players in the global monetary policy and financial network. Tiff Macklem, the BoC’s chief, has led one of the [...]
BP rebounds with 30-fold increase in profit amid surging oil prices February 8, 2022 Oil and gas giant BP has rebounded with fourth-quarter profits of $2.3bn and a replacement cost profit of $4.1bn.
Government urged to ‘come clean’ over its plans to change workers’ rights in controversial employment bill April 4, 2022 The Government has been urged to “come clean” over its plans for workers’ rights after news emerged of a delay in bringing forward an Employment Bill. Union TUC reacted with fury to reports that ministers are going to drop the long-awaited Bill from next month’s Queen’s Speech. The TUC said it will be the second [...]
Interest rate hikes are a hard lesson for investors who relied on central banks bailouts June 20, 2022 In May last year, I wrote in this newspaper about the risks of moral hazard and the pandemic, with a generation of investors who had developed a skewed sense of risk. After the unprecedented level of central bank intervention, many believed policymakers would always ride to their rescue, providing portfolio safety nets with cheap money [...]
We’re ignoring a basic tool to help the poorest with their energy bills right now August 24, 2022 In the throes of an inflation induced cost of living crisis, energy prices need urgent political and policy attention. The plans put forward tend to vary around traditional conceptions of more tax, less tax or price suppression – but there are also ways the government can do highly targeted interventions to people in need. Targeted [...]