Put simply: If the tech companies with the richest valuations were dragged closer to a 20x multiple, it would slash the worth of nearly every tech company, period.
Markets think Omicron plan B will delay rise in UK interest rates
Fears of economic slowdown mean Bank of England less likely to intervene to dampen inflationCoronavirus – latest updatesSee all our coronavirus coverageNew restrictions to limit the spread of the Omicron variant will delay an interest rate increase fro…
Bank official warns of early interest rate rise as Kraft Heinz puts up prices
Baked beans maker is latest firm to talk of food price rises, as inflationary pressures mountA Bank of England policymaker has warned households to get ready for “significantly earlier” interest rate rises as inflation pressures mount, and Kraft Heinz …
Fears for 1 million furloughed staff with Sunak set to finally end scheme
After the success of the chancellors’s £70bn programme, there is uncertainty about the future direction of the economyThe biggest state intervention in the UK’s labour market in peacetime comes to an end this week when the government finally winds up i…
Inflation is poised to top 4%: is the Bank of England asleep at the wheel?
Analysis: Threadneedle Street is adopting a wait and see policy and keeping interest rates unchangedHigher energy prices will send the annual inflation rate above 4% by the end of the year and keep it there well into 2022. On the face of things, the Ba…
Britain faces a triple crunch – and the political cost for the Tories could be huge | Larry Elliott
The combined challenges of an economic slowdown, rising energy costs and the transition to net zero loom over this governmentLong before there was talk of an energy crisis, the government had been looking vulnerable. Economic growth is slowing and infl…
Some of the biggest names in private equity think this go-go market has another year or two (at least)
Earlier today, as part of a private event, this editor was afforded the opportunity to talk with some of the biggest names in the world of private equity, including Carlyle co-founder David Rubenstein; Bain Capital co-chair Steve Pagliuca; Jean Salata, the CEO and founding partner of Baring Private Equity Asia; and Sheila Patel, the vice […]
Banking chiefs head for the hills in bid to leave cheap money behind
At the Jackson Hole bankers’ summit this week, the talk will be of ending quantitative easing – and this time it will be seriousIt is credited with preventing the worst global recession since at least the second world war from turning into something fa…
Employers offer golden hellos of up to £10k amid worker shortage
Survey finds 5,000 vacancies, with signing-on bonuses for in-demand roles such as care workers and chefsEmployers are offering signing-on fees of up to £10,000 to tempt “gold dust” applicants as more than 1.1m jobs in the UK remain unfilled, with the p…