Lidl to invest £4bn in British food businesses in a move it claims will provide its suppliers with ‘security’ and ‘certainty’ January 30, 2023 Lidl has revealed plans to invest £4bn into British food businesses this year, as it charges ahead with growth plans. Lidl GB, the British arm of the German retail group, said it would accelerate the spending plans it announced in 2019. Lidl GB had committed to a £15bn investment in the British food industry between [...]
Amazon Prime and Netflix brace for cancellations as Brits look to trim spending January 30, 2023 More Brits are planning to unsubscribe from video streaming services this year, after new data revealed the number paid-for subscriptions in the UK fell by two million last year as rising costs continue to eat into household budgets. Data analytics group Kantar revealed today that the number video streaming subscriptions in the UK fell from [...]
Boris Johnson ‘lied’ over Putin missile attack claims, says Kremlin January 30, 2023 The Kremlin has suggested Boris Johnson told “a lie” when the former prime minister said that Russian President Vladimir Putin appeared to threaten him with a missile strike. The former Downing Street incumbent made the claim in a new three-part series for BBC Two looking at how the West grappled with Mr Putin in the [...]
Philips cuts 6,000 more jobs as electronics giant’s faulty sleep device pushes it into the red by £1.49bn January 30, 2023 Philips is cutting 6,000 jobs globally in a bid to reduce costs and improve the efficiency of its supply chains. The Dutch health technology firm said it would cut around eight per cent of its workforce by 2025, as it counts the costs of suspected faulty sleep devices which it is still recalling. In its [...]
‘Get ESG-ready’ Series: Why does ESG data need to be assured to International Accounting Standards? January 30, 2023 | Sponsored In my last article, ‘What is ESG and why is it relevant now?’ I highlighted that central banks and financial regulators worldwide are coming together with the shared goal to “counter greenwashing” (the practice of claiming ESG performance in excess of actual performance) and to ensure that ESG data is meaningful. As part of this [...]
Bitcoin currently trading at highest levels since August January 30, 2023 The price of Bitcoin was holding around $23,200 this morning after earlier hitting levels not seen since August 2022.
House prices: Zoopla says UK property market is off to ‘slow burn start’ with London flats in most demand January 30, 2023 The housing market in the UK has got off to a slow in 2023 with demand for cheaper, smaller properties on the rise as recession fears continue to wobble the market, according to estate agent Zoopla. Zoopla’s house price index appeared to show that buyers were holding off from entering the market and were biding [...]
Straits Kitchen at the Pan Pacific hotel is great for Chinese wine January 28, 2023 If you’ve read about the rise of Chinese wine and are looking to explore its rise then there’s nowhere better than Straits Kitchen in the Pan Pacific Hotel. Sommelier Francois Bertrand is passionate about providing wines to fit their Asian menu, believing the variety and quality from China will surprise and delight. What unfolded over [...]
The mortgage ‘moron premium’ and why home loans may get (slightly) cheaper despite an expected hike in interest rates January 28, 2023 The Bank of England is expected to increase interest rates next month, making borrowing more expensive for both businesses and individuals. Although the rate decides how much businesses and individuals pay to borrow money, mortgage experts believe that the cost of home loans may actually come down, because the derivatives used by mortgage lenders have [...]
Week in Review January 27, 2023 | City Talk Well, we’re at the end of another exciting week of trading with the Dollar flat, stocks higher, oil slightly relatively subdued and treasuries lower. Interesting week as yields push higher and the S&P looks set for a gain, which recently has not been the expected outcome of that sequence of events. After a positive end [...]