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Markets are not impressed down 5.43%

Wall Street bankers enjoy a £104bn pay bonanza

Wall Street’s biggest banks hiked their pay by nearly 15 per cent last year as a frenzy of deal-making sparked a war for top financial talent.

JP Morgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup collectively doled out just over £104billion in pay and benefits in 2021 compared with the £91billion paid the year before.

JP Morgan was the biggest payer, shelling out £28.2billion, followed by Bank of America which paid out £26.5billion.

Citigroup paid £18.4billion in compensation, while Morgan Stanley doled out £18.1billion and Goldman Sachs £13billion.

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-10424677/amp/Wall-Street-bankers-enjoy-104bn-pay-bonanza.html

More gloom is descending as investors digest some major earnings disappointments, adding to concerns of an accelerating monetary tightening schedule

LONDON, Jan 21 (Reuters) - British retail sales slumped in December after consumers did much of their Christmas shopping earlier than usual in November and many consumers stayed at home due to the spread of the Omicron coronavirus variant.

Sales volumes fell by 3.7% from November, a far bigger hit than the 0.6% decline forecast in a Reuters poll of economists and the biggest fall since January of last year when the country was under a coronavirus lockdown.

Compared with December 2020, sales volumes were down by 0.9%, the Office for National Statistics said on Friday.

The Reuters poll had pointed to a 3.4% rise in sales in annual terms.

"After strong pre-Christmas trading in November, retail sales fell across the board in December, with feedback from retailers suggesting Omicron impacted on footfall," ONS Deputy Director for Surveys Heather Bovill said.

Share price for IAG is rising again as markets gain more confidence from the 5G fiasco, as more airlines take to the skies passengers will gain more confidence and start booking up for Easter getaway, can see a steady rise in SP from now

Long-haul carrier Emirates said it would resume its Boeing 777 flights to the US by Saturday after halting the aircraft's use due to the ongoing dispute over the rollout of new 5G services in America and worries that the network could interfere with airplane landing equipment.

It comes as the chairman and CEO of Verizon said he'd feel 'very good' flying near a 5G tower and hopes nationwide rollout of the service will be complete soon.

https://www.google.com/amp/s/www.dailymail.co.uk/news/article-10422749/amp/Verizon-CEO-says-hed-feel-good-flying-airplane-near-5G-activated-towers.html

Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: ‘’Despite high hopes that mass vaccine roll outs would by now have propelled the airline industry upwards on a smooth ride of demand, the latest data shows that turbulence is continuing, with UK daily flights still at half of pre pandemic levels...

"As uncertainty remains about exactly when the government will ease the restrictions further, British Airways owner, International Consolidated Airlines Group (LSE:IAG) remained under pressure today...

"But tour operator TUI has surged higher amid reports that it aims to double the number of customer taking holidays in Greece next year, exceeding pre-pandemic numbers, a sign of confidence in pent up demand translating into bookings.

"The lifting of Plan B restrictions and the expectation that workers will head back to the office has also been met with a relief rally by Trainline. The company has been severely hit by the exodus of commuters from the railways, and the expectation is that online bookings will start clicking back up, although given the hybrid working from home revolution, there is still a huge journey ahead to get close to pre-pandemic levels of business. Its share price rose by just over 4% in early trade, but is 42% down over the year and less than half of what it was in February 2020.’’

Bearandbul

I feel sorry for the Queen its her jubilee this year, she will be despairing over the actions of Prince Andrew and the grandson Prince Harry with his security issues and Speaking to OK! magazine

Virginia Giuffre wants her day in court hes offering 10 million to keep quiet, the other question is where did he get his 57 million from

PRINCE Andrew now faces the prospect of having to reveal intimate details about himself in his court battle with his rape accuser.

ASKED ABOUT HIS PRIVATE PARTS
The Duke of York could be asked about the most intimate parts of his body, a lawyer for Epstein's victims has claimed.

Spencer Kuvin told the Mirror: “It is without question the Duke will be asked about his private parts.

“Nothing is off limits because if an underage girl can describe what the Duke of York’s private parts look like... how would that be if they had not had a relationship?”

https://www.thesun.co.uk/news/17308243/humiliating-prince-andrew-faces-rape-lawsuit/

IAG EURO : JP Morgan is now Neutral

Key points:
? Total marketing budgets expand further in fourth quarter as recovery continues
? Emergence of Omicron variant, rising inflation and supply-chain disruption weigh on budget growth and business sentiment
? Adspend growth forecast for 2022 subsequently lowered, but sharp increase still expected
? 2022/23 marketing budgets set for big boost as firms plan to step up recovery efforts

https://www.markiteconomics.com/Public/Home/PressRelease/57751cc913724eb7b43d31a88a8edd0a

(Reuters) - Two major Japanese airlines said Wednesday they will restore flights to the United States after the deployment of 5G mobile in the United States had prompted some foreign carriers to cancel numerous U.S. bound flights.

Japan Airlines and All Nippon Airways said Wednesday they would resume Boeing 777 service to the United States on Thursday after announcing cancellations earlier based on guidance from Boeing.

Boris announce scrapping vaccine passport

Cant see that gap being closed the country's not going back in lockdown

Volcano
The government now's the uk savers have stashed away almost £200billion since the pandemic began, the lockdown and economic uncertainty resulted in many people spending less and saving more

PRINCE Harry has effectively declared war on the Royal Family with a threat to sue unless Britain provides his security

British Airways has cancelled a string of flights to the US amid fears over the rollout of 5G in the country.

BA today scrapped a handful of flights from Heathrow to Boston, Chicago, Los Angeles, New York, and San Francisco. It is one of a number of airlines, including Emirates, to take the action over concerns the new mobile network could interfere with altimeters.

Boeing’s 777 and 747-8 jets appear to be particularly badly affected. The company alerted operators of the planes that they may not be able to land safely at airports where 5G signals are present, Bloomberg reported.

Craig Erlam, senior market analyst at Oanda, said that uncertainty continued to dominate after a "disappointing start" to earnings season.

"Inflation and interest rate concerns are going nowhere soon and with traders now increasingly considering the possibility of hikes larger than 25 basis points, the possibility of more pain in stock markets is very real," he said.

"The idea that we could go from rock bottom rates and enormous bond-buying to rapid tapering, 50 basis point hikes, and earlier balance sheet reduction is quite alarming. We're talking about markets that have become very accustomed to extensive support from central banks and very gentle unwinding when appropriate. This is quite a shock to the system," he added.

LONDON, Jan 19 (Reuters) - People in England will no longer be required to wear face masks anywhere or work from home from next week, Prime Minister Boris Johnson said on Wednesday, adding that scientists believed a wave of the Omicron coronavirus variant had peaked nationally.

Johnson also said that while people would still be required to self-isolate for now, he did not expect to renew self-isolation legislation, which will expire in March, and would look into scrapping the requirement sooner.

"Because of the extraordinary booster campaign, together with the way the public have responded to the Plan B measures, we can return to Plan A in England and allow Plan B regulations to expire as a result from the start of Thursday next week," Johnson told parliament.