Turn around for Natwest as bank returns to profitability February 18, 2022 Natwest has returned to profitability after suffering heavy losses in 2020, with results boosted by strong savings and lending growth.
London markets mixed as investors mull next steps in Russia-Ukraine saga February 17, 2022 London markets plummeted today as investors were spooked by a seeming false alarm on a de-escalation in the Russia-Ukraine saga. The capital’s premier FTSE 100 index dropped 0.87 per cent to 7,537.37 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, plunged 1.24 per cent to [...]
Slap up Valentines Day meals boosts UK diner volumes February 17, 2022 Couples treating themselves to a slap up Valentines Day meal boosted the volume of diners in the UK over the last week, revealed official figures released today. The number of restaurant goers in Britain surged 17 percentage points in just a week and is now nearly a third above its pre-pandemic level, according to the [...]
Entrenched supply crunch stoking inflation risks throttling global economy, IMF warns February 17, 2022 Supply chain breakdowns stoking inflation are inflicting “harm” on the global recovery from the Covid-19 crisis, the world’s economic watchdog warned today. Swelling costs fuelled by choking supply bottlenecks pose a serious risk to derailing the economic rebound by cutting households’ spending power, the International Monetary Fund (IMF) has warned. Central banks launching a rapid [...]
Rising Inflation and Supply Chain Challenges: Will EMEA M&A Deals Be at Risk in 2022? February 17, 2022 | City Talk Although 2021 set record value and volume levels for M&A both globally and in EMEA, supply chain issues were the top reasons M&A deals fell apart in 2021, according to a new survey of 200 UK-based dealmakers by Datasite. Every industry impacted Close to two-thirds (64%) of UK dealmakers said inflation affected a deal on [...]
Despite £20bn drop in exports, Jacob Rees-Mogg sees no evidence Brexit has hit trade: ‘Evidence is few and far between’ February 17, 2022 Jacob Rees-Mogg, the brand new minister for Brexit opportunities, has said that “Brexit was already a success” and businesses have not been hurt by the UK’s departure from the EU. On the contrary, because when asked whether Brexit had reduced UK trade, Rees-Mogg replied: “I think Brexit has been extremely beneficial for the country.” “I [...]
Brits to face permanently higher prices if rising wage and energy bills persist February 17, 2022 Consumers will face permanently higher prices for products if rising wages and energy costs persist, reveals fresh research published today. Services firms are raising prices at the fastest pace on record to alleviate severe margin pressure stemming from rising bills, according to a survey by Lloyds Bank. Soaring staffing and energy bills are sending costs [...]
Exclusive: UK investors turn to cash savings as financial confidence dips February 17, 2022 Brits are taking a cautious approach to investing in 2022 with the vast majority opting to keep money in cash savings.
Brexit shaves off record £20bn from UK exports in one year alone with imports from EU also dropping February 16, 2022 UK exports to EU countries shrunk by a record £20bn in just 20 months, according to new figures. Sales to the EU dropped more significantly in 2021 than exports to any other country in the world, the ONS data shows, as UK to EU exports nosedived 12 per cent between January and December of last [...]
London markets edge higher as investors shrug off another hot inflation print February 16, 2022 London markets were muted yesterday as investors digested the implications of another red hot UK inflation print. The capital’s premier FTSE 100 index edged down 0.07 per cent to 7,603.78 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.11 per cent to 21,828.94 points. [...]