Ex-chief economist calls out BoE for acting too slowly to curb inflation May 7, 2022 The former chief economist at the Bank of England has accused the central bank of mismanaging the UK economy amid soaring inflation.
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 [...]
Putin ‘running out of missiles’ amid claims quarter of Russian Army now lost: Kremlin loses momentum in Donbas May 6, 2022 Vladimir Putin could be running out of missiles and armaments because of how much his forces have had to fire during the Ukraine war so far, according to the head of Britain’s Armed Forces. The Chief of Defence Staff, Admiral Sir Tony Radakin, said Russia has now lost 25 per cent of all its forces [...]
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 [...]
Local election bloodbath: Furious Tories turn on Boris Johnson as Labour’s victory train rolls into Westminster, Wandsworth and Barnet May 6, 2022 The Conservative Party has lost all major London authorities to Labour and suffered setbacks across England as Boris Johnson faces a backlash from local Tory leaders. Labour has taken control of Westminster City Council in London for the first time since its creation in 1964. The Conservative Party has also lost control in Wandsworth, considered [...]
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 [...]
What a difference a day makes: Markets go into full reversal mode as recession concerns grow May 6, 2022 What a difference a day makes? Having rallied strongly in the aftermath of the Federal Reserve’s decision to hike rates by 50bps on Wednesday evening, and not go harder, US stock markets went into full reversal mode yesterday, dragging European markets down with them. Bond yields also shot back up, with the US 10 year [...]
Thanks, Bank of England: Households will pay £858m more in interest after yesterday’s rate rise May 6, 2022 With the Bank of England Monetary Policy Committee confirming yesterday that its base rate will rise by 0.25 per cent to 1 per cent, UK households face an immediate increase in interest payments of around £858m. Analysis of Bank of England data shows UK households are currently paying £18.3bn annually in interest payments on floating rate [...]
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 [...]