G7 leaders commit to phasing out Russian oil May 8, 2022 Leaders of the world’s richest economies today committed to banning imports of Russian oil in a further ratcheting up of sanctions against Vladimir Putin. G7 chiefs have committed “to phase out our dependency on Russian energy, including by phasing out or banning the import of Russian oil,” the White House said in a statement yesterday. [...]
Week ahead: Fresh GDP figures to reinforce stagnation fears May 8, 2022 Further evidence that the UK economy is headed into reverse is likely to emerge this week when fresh GDP estimates are released on Thursday. A damning set of forecasts released by the Bank of England last week weighed heavily on London’s top companies. The capital’s premier FTSE 100 index fell 1.61 per cent over the [...]
1 Minute Market Rundown – 6th May 2022 May 6, 2022 | City Talk Old Lady Signals a Pause to Come Crypto and Risk Assets Come Under PressureUSD Remains King; GBP Destroyed To understand the magnitude of the sell off yesterday here are some facts: ● The Nasdaq suffers its largest one day percentage drop since June 11, 2020 ● The DOW suffered its largest one day percentage drop [...]
The 2022 Queen’s Awards Winner May 6, 2022 | Sponsored 232 businesses representing every part of the United Kingdom and a range of sectors have been recognised by Her Majesty The Queen as among the best in the country. Awards have been won in the categories of International Trade (141 winners), Innovation (51), Sustainable Development (31) and Promoting Opportunity (9). Small Business Minister Paul Scully [...]
Nibbling away at making us snack more healthily May 6, 2022 | Sponsored The most successful businesses, sports teams and organisations always try to improve from a position of strength. That’s the case with unique small business Healthy Nibbles, the UK’s first healthy snacks vending company founded by Sara Roberts in Edinburgh in 2013 which began trading two years later. Healthy Nibbles has had a meteoric rise, BCorp [...]
Connecting communities and keeping the customer satisfied May 6, 2022 | Sponsored When it comes to keeping the customer satisfied, Retail FSL has got it down to a tee. Afterall in part it owes its very existence to customer encouragement. The company’s founder Andrew Martin left the demanding world of corporate life where he’d had senior roles, including leading G4S operations in UK and Ireland, for a [...]
FTSE 100 shakes off Bank of England glum forecasts on weaker pound May 5, 2022 London’s top index today shook off a fourth rate rise in a row for the first time since the Bank of England was given control of monetary policy. The capital’s FTSE 100 added 0.13 per cent to reach 7,503.27 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]
UK hurtling toward recession on double-digit cost of living squeeze, Bank of England warns May 5, 2022 The UK is hurtling towards a recession sparked by households being gripped by the tightest cost of living squeeze since the early 1980s, revealed fresh forecasts by the Bank of England today. The economy will struggle to eke any growth for most of next year, dragging the UK into a 0.25 per cent contraction in [...]
Verdict: Bank of England to keep hiking rates to chase historic inflation spike May 5, 2022 The Bank of England will keep hiking interest rates this year in a bid to chase down the highest inflation crunch since the early 1980s. That’s according to City economists, business groups and think tanks who took today’s decision to lift borrowing costs to their highest level since 2009 as a sign of things to [...]
Bank of England hikes rates four times in a row for first time since independence May 5, 2022 The Bank of England today hiked interest rates for the fourth meeting in a row for the first time since it was given control of monetary policy 25 years ago. The move was driven by rate setters focusing on taming the worst inflation crunch in the UK for three decades despite them expecting growth to [...]