Investors bet on global commodity boom continuing as miners lift London markets November 25, 2021 A rally among travel and industrial stocks lifted London markets yesterday as investors bet on betting on commodity prices still having room to climb. The capital’s premier FTSE 100 index added 0.33 per cent to close at 7,310.37 points, while the mid-cap FTSE 250 group of shares finished 0.49 per cent to 23,279.96 points. International [...]
Retailers hike prices at fastest pace in three decades as Brits brace for Xmas shopping crunch November 25, 2021 Retailers are hiking prices at the fastest pace in over three decades as Brits rush to scoop up Christmas presents to avoid being left empty handed, reveals fresh research published today. Some 77 per cent of retailers raised prices over the last three months to November, the highest rate since 1990, according to data from [...]
Jab expiry date: EU to place nine month limit on validity of Covid vaccines November 25, 2021 The EU reportedly plans to recommend a nine month limit on the validity of Covid vaccines for travel to countries within the bloc.
Exclusive: Small businesses primed to drive UK economic recovery in coming months November 25, 2021 Small businesses are set to drag the UK economy out of the doldrums, reveals exclusive research shared with City PM. Rapidly rebounding small businesses in London, compounded by workers receiving a pay bump across the country, has lifted a closely watched indicator measuring the health of the small business economy. Xero’s small business index climbed [...]
Millions of Brits plunged into financial crisis by whirlpool of inflation and swelling energy bills November 25, 2021 Swelling energy bills, soaring inflation and stinging food costs have plunged millions of Brits into a winter financial crisis, reveal new figures released today. 3.2m poorer households who rely on wafer thin budgets to meet the cost of living will be unable to pay for basic things, research by Citizens Advice, the charity that supports [...]
Millions dished out to inactive or new companies under covid loan scheme November 24, 2021 Lenders reportedly dished out a whopping £130m to questionable companies under a government Covid support scheme that issued loans up to £5m.
India poised to ban private crypto ownership with stringent bill November 24, 2021 India’s government said late last night that it would reintroduce a bill which could ban most crypto ownership and establish a CBDC.
Record level of UK factories intend to hike prices November 24, 2021 UK factories are bracing to hike prices to offset a margin assault caused by supply chain breakdowns, according to new figures released today. Over three thirds of British manufacturers are intending to raise prices, the highest proportion since the Confederation of British Industry (CBI), who produce the figures, started tracking the data in 1977. Global [...]
Real estate stocks build foundation for positive day in the City November 24, 2021 A strong performance among real estate stocks built the foundations for a positive day on London markets this morning. The capital’s premier FTSE 100 index climbed 0.46 per cent to 7,299.88 points, while the mid-cap FTSE 250 added 0.08 per cent to hit 23,240.57 points. The City was lifted by the likes of housebuilder Barratt [...]
Banks could lose out on a fifth of deposits under Britcoin proposals – BoE November 23, 2021 The Bank of England has today admitted that commercial banks will be hit hard by plans for a digital pound backed by central bank reserves.
