Gold glitters as investors seek safe haven amid geopolitical tensions October 21, 2024 Gold prices surged to an all-time high of $2,730 (£2,093) this morning as investors sought safe-haven assets amid rising geopolitical tensions. This means that the price of the yellow metal has surged 38 per cent this year. The rally has come as conflict intensified between Lebanon and Israel, with fears growing over a broader regional [...]
‘Tis the season: Festive spending to boost London’s West End October 21, 2024 Festive spending in London's West End is expected to reach £1.7bn, with international tourists set to push sales up by 3.2 per cent in the run up to Christmas.
Netflix: Password-sharing crackdown helps streaming giant ‘under-promise and over-deliver’ October 18, 2024 Netflix’s password sharing crackdown seemed to have minimal effec, as beat third-quarter earnings predictions, consolidating its position as the streaming market leader. The firm reported revenue growth of 15 per cent year-on-year to £7.5bn, with a net income of £1.7bn and earnings per share of £3.88, all surpassing analyst predictions. Operating margins also improved to [...]
A lack of loyalty eats into Deliveroo and Just Eat’s market share October 17, 2024 This morning’s Deliveroo results position it for long term growth reflecting the evolving demand for takeaways amid shifting consumer behaviour. A six per cent increase in Gross Transaction Value (GTV) in its Q3 update comes as competition and changing market conditions continue to create challenges across the industry, with rivals such as Just Eat Takeaway [...]
Travel inspo – the top travel destinations for 2025 October 17, 2024 As travel continues to evolve for millennials and gen Z, some surprising gems are topping the list of must-go-to destinations for next year. This list, compiled by Amex Travel, offers some great inspiration for your next escape from an increasingly dark and dreary London, featuring everything from vibrant cities to secluded beaches and dramatic scenery. [...]
HS2 back on track: Troubled line will run from London Euston after all October 17, 2024 The government is reportedly planning to reverse its decision to scrap the northern leg of HS2, extending the high-speed rail line from London Euston to Crewe. Having originally planned for the project to cost £37.5bn in 2009, the government’s latest estimation in Febuary this year ballooned to anywhere between £72bn and £98bn. Private talks involving [...]
Barclays: Government must do more to to help green finance October 17, 2024 Barclays has urged the UK government to prioritise three core actions to accelerate its transition and green finance efforts. As part of a report released alongside the Transition Finance Market Review, the bank warned that the country’s path to decarbonisation requires urgent policy and regulatory changes. Today’s report urged the importance of a national transition [...]
Alpha Group rebrand Lionpoint to expand into asset management space October 16, 2024 Alpha Financial Markets Consulting (Alpha FMC) has rebranded its Lionpoint subsidiary to Alpha Alternatives, reflecting its strengthened position as a leading consultancy to the alternative investments sector. The announcement was made today, and signals the full integration of Lionpoint into Alpha FMC, following its acquisition in 2021. This move will allow Alpha FMC to broaden [...]
UK house prices surge as cooling inflation gives rise to lower borrowing costs October 16, 2024 House prices in the UK rose by 2.8 per cent against the backdrop of the lowest inflation for three years and prospect of interest rates coming down further. The UK average according to the Office for National Statistics sat at £293,000 in the year to August 2024, though London prices are typically higher. This marked [...]
CBI says it has financial backing for return of flagship summit October 16, 2024 The Confederation of British Industry (CBI) has insisted it will have financial backing for its annual flagship summit next month as it returns for the first time since the group nearly collapsed last year.
