London markets open flat as travel sector rally loses steam January 5, 2022 London markets posted a mixed performance yesterday as a rally among travel and airline stocks lost some steam. The capital’s premier FTSE 100 index closed 0.16 per cent higher at 7,516.87 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the UK economy, lost 0.53 per cent to finish [...]
CPI inflation to scale to highest rate in recent history this spring and smash Bank of England’s expectations January 5, 2022 Inflation will hit a record high and smash the Bank of England’s expectations this year, according to bets laid by City analysts. The UK’s mainstream measure of inflation will accelerate to a peak of 6.8 per cent this April, propelled higher by swelling energy bills, investment banking giant Goldman Sachs warned yesterday. However, the cost [...]
Tough Omicron curbs whack European economy as growth dips to nine-month low January 5, 2022 Reimpositions of tough measures to curb the spread of coronavirus across Europe whacked the bloc’s economy last month, reveals a closely watched survey released today. The Eurozone economy grew at the slowest monthly pace in nine months in December, according to IHS Markit’s composite purchasing managers’ index (PMI). December’s reading fell to 53.3 from 55.4 [...]
Wave of cost of living concern sweeps across Britain January 5, 2022 A wave of concern over the soaring cost of living is sweeping across Britain, reveals fresh figures released today. Over half of households are worried the cost of living crisis will hit their living standards this year, according to research carried out by high street bank TSB. Nearly one in three Brits are concerned their [...]
London markets soar on first session of 2022 January 4, 2022 London markets soared today during the first trading session of the new year as investors take an optimistic view on Omicron. The capital’s premier FTSE 100 index shot up 1.63 per cent to close at 7,505.15 points during the first hour of trading, while the mid-cap FTSE 250 index, which is more aligned to the [...]
Exclusive: The challenges and hurdles City finance chiefs will face in 2023 January 4, 2022 Firms across practically every industry in the UK are facing a bleak economic winter ahead, but where is that playing out and what hurdles do the incoming storm clouds bring in 2023? City firms will be turning to one senior figure to understand these issue and look to keep the ship afloat – the Chief [...]
From price inflation and Brexit rows to Evergrande and Biden v Putin: Here are the market risks to watch this year January 4, 2022 The world is a pretty turbulent and unpredictable place at the moment, with Covid variants not making life easier. From tensions between Russia and the US over Ukraine’s NATO membership to Brexit conflicts and China’s Evergrande property scandal, 2022 is set to become everything but dull. So what developments and issues could disrupt or disturb [...]
Brits scrambling for early Christmas presents boosts credit lending to 16-month high January 4, 2022 Brits scrambling to get their hands on Christmas presents early to avoid shortages boosted credit card spending to a 16-month high, reveal official figures released today. Households in the UK took on £1.2bn in net consumer debt in November, the highest level in nearly a year and a half, according to the Bank of England. [...]
PMI: UK factories hoist prices at fastest pace on record January 4, 2022 UK factories are hiking prices at the fastest pace on record as firms scramble to protect their margins amid a cost onslaught, reveals a closely watched survey released today. British manufacturers lifted prices at the quickest pace ever recorded by IHS Markit, the organisation that complies the purchasing managers’ index (PMI). Input price inflation hovered [...]
Inflation could push past seven per cent in 2022, economists caution January 4, 2022 Inflation could push past the seven per cent mark this year, economists have cautioned, as living costs swell. The new year could bring the highest levels of inflation since the 1990s, economists told The Times, after prices rose by 5.1 per cent in the year to November. More than a third of economists forecast inflation [...]
