UK recession lurks around corner as thousands face extreme poverty without more support May 11, 2022 A recession in the UK is just around the corner and the economy will stay in the doldrums without a major policy overhaul, a top think tank warned today. Britain’s economy will contract in the third and fourth quarters of this year, meeting the grade for a technical recession, the National Institute of Economic and [...]
Russia-Ukraine war to wipe $1.5 trillion off global economy May 11, 2022 Russia’s invasion of Ukraine will wipe $1.5 trillion off the global economy this year, reveals new analysis released today. Soaring energy and food prices triggered by concerns about supply security as Moscow continues its assault on Ukraine will deliver a heavy blow to global economic activity, according to the National Institute of Economic and Social [...]
US Federal Reserve achieving soft landing will be challenging but doable May 10, 2022 Hiking interest rates to tame a 40-year high inflation spike without throwing the US economy off course will be difficult, but doable, a top stateside rate setter said today. “The ongoing pandemic and war in Ukraine bring a tremendous amount of complexity and uncertainty” to the trajectory of prices, John Williams, president of the New [...]
Happy inspirational people making a difference for global pharma May 10, 2022 | Sponsored Inspiration can be found in many unusual places. For the founders of Branding Science that might just have been in the bottom of a glass. The company which has just won a Queen’s Award for international trade was born in 2002 in a Yorkshire pub close to the M1. Over a few foaming ales, Peter [...]
Tower Cold Chain runs hot after Covid booster May 10, 2022 | Sponsored It is 22 years since this multi-award-winning company’s founder John Pring filed his first patent for a reusable container to transport temperature sensitive pharmaceuticals, life-science, and biotech products, and 20 years since the first products were launched. Much has happened in those two decades: a name change from Kryotrans to Tower Cold Chain, a lot [...]
Nasco UK Ltd is no stranger to an award and certainly no stranger to the Queen’s Awards. May 10, 2022 | Sponsored Their winning of this year’s award for international trade is the fifth time Nasco has been recognised by the crown in this category, the previous four coming consecutively between 2013 and 2016. On top of that Nasco won Sunday Times Fast Track awards in 2013 and 2014 as one of the fastest growing private companies [...]
1 Minute Market Rundown – 10th May 2022 May 10, 2022 | City Talk Trade the ExtremesCrypto Under PressureUSD Hits New 2 Decade High Yesterday really was more of the same – another risk rout. Equities sold off, yields flew, gold lower – further deleveraging going through the markets. Overnight, we have seen dip buyers emerge helping to stop the rot…for now. There seemed to be only two things [...]
US-UK trade deal ‘never going to happen’, warns former Bank of England bigwig as he says high inflation is down to Brexit May 10, 2022 Most of the UK’s inflation is a direct result of Brexit, according to a former heavyweight at the Bank of England. Former BoE policymaker Adam Posen, said that around 80 per cent of the reason why the IMF expects UK’s inflation to remain high is directly linked to Britain’s departure from the EU. The economist, [...]
British Gas profits and Heathrow’s growth keeps FTSE 100 stable May 10, 2022 A strong April for Heathrow and British Gas’s owner Centrica expecting higher profits has helped the FTSE 100 remain steady, up 0.8 per cent at the open this morning. London rose 63 points despite fears about rising inflation, as the UK’s biggest airport lifted its forecast for passenger growth after a spike in travel over [...]
British Gas owner enjoys boost from soaring oil and gas prices amid growing windfall tax calls May 10, 2022 British Gas owner Centrica has said it expects to post annual earnings at the top of its targets amid intensifying calls for a windfall tax on energy firms.
