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Evening Standard
The City Libor traders are not criminals, they never were
You don’t have to like City traders (hardly anyone does) to think that today’s Libor verdict overturning criminal convictions is just.Until Libor, the rate at which banks borrow from each other, became central to the financial crisis it was a niche instrument even in the Square Mile.It wasn’t really regulated, and no one much cared.With …
Business
Euro News
Russia draws up roadmap to restrict cryptos but not ban them completely, according to document
Business
Business Live
St James’s Place managing director to retire after 30 years
The managing director of multinational wealth management firm St James’s Place has announced his retirement. Ian Gascoigne will step down from the Gloucestershire-headquartered FTSE 100 company on March 31. Mr Gascoige, who joined St James’s Place in 1991 and has spent the last 19 years as a director, will remain with the group on a …
Business
Business Live
Marks and Spencer is creating nearly 50 jobs at new North Wales store
Marks and Spencer is creating nearly 50 jobs at a new store in North Wales. The retailer is moving from Mostyn Street to the former Debenhams unit at Parc Llandudno. The opening has been confirmed as “mid-March” and the chain needs another 46 permanent and temporary staff to join the existing store team. READ MORE: …
Business
Evening Standard
Aviva boss: time to end the “hokey cokey” and head back to the office
THE chief executive of one of the biggest institutions in the City today said it is time for workers to get back to offices.Amanda Blanc, the boss of the £16 billion Aviva insurance giant which has 20,000 staff based in London, said the “hokey cokey” of staff coming in to offices as Covid cases fell, …
Business
Business Live
Lincoln City reveals pandemic losses
Lincoln City reported losses of £1.4 million for the 2020/21 season after matches were forced to take place behind closed doors due to lockdown. The Imps – currently in the bottom half of League One – were hit badly by the pandemic with all matches, apart from the play-offs, forced to take place in front …
Business
Business Live
“Ferocious” competition in Northern Ireland job market as vacancies hit record
Northern Ireland’s job market is “ferociously competitive” as employers jostle attract the right talent to fill a record number of vacancies. That’s according to the latest report from online jobs portal NIJobs which said employees are now in the driving seat and forcing employers to flex to meet more growing demands from workers. Of note, …
Business
Sky News
Surging inflation rate hit both low and high-income earners, ONS says
The surging rate of inflation experienced by households in the run-up to Christmas was similar for both low and high income earners despite different spending behaviour, according to new official data.The Office for National Statistics (ONS) said analysis of the impact of inflation on income groups showed that housing costs, including energy bills, drove the …
Business
Sky News
British firms warned to bolster cyber defences against threat of new Russian attacks
Britain’s cyber security centre has urged UK organisations to check their cyber defences because of concern about the potential for new Russian cyber attacks linked to tensions with Ukraine.The public-facing arm of the spy agency GCHQ encouraged everyone to read new guidance published on its website entitled: “Actions to take when the cyber threat is …
Business
Sky News
US economy sees strongest growth since 1984 as it bounces back after COVID-19 downturn
The US grew at its strongest pace since 1984 last year as it bounced back from 2020’s pandemic-driven downturn, official figures show.GDP in the world’s biggest economy expanded by 5.7% in 2021 after shrinking by 3.4% the year before, according to America’s bureau of economic analysis. It has not enjoyed such strong one-year growth since …
Business
Sky News
Forestry Commission to cash in with £250m sale of eco-cabin giant
The Forestry Commission is in line for a multimillion pound windfall from a prospective sale of Britain’s biggest standalone provider of forest-based cabin and lodge vacations.Sky News has learnt that the private equity backers of Forest Holidays have hired investment bankers to explore a sale that could value it at more than £250m. Forest Holidays, …
Business
Evening Standard
UK interest rate set to hit 1% by summer, City predicts
As of today, it seems highly likely UK interest will rise next week in the first back-to-back rate rise since 2004. Economists expect rates to then rise perhaps three more times this year, reaching as high as 1% by summer.The Bank of England put rates up in December from 0.1% to 0.25%. The City thinks …

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