Inflation nears 30-year high as consumer price index climbs to 5.5 per cent February 16, 2022 UK inflation has remained at a near 30-year high after rising further in January as Britain remains in the grip of a tightening cost-of-living squeeze, according to official figures. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation reached 5.5 per cent in January, up from 5.4 per cent in December and [...]
Ocean Outdoor mulls sale as revenue soars February 16, 2022 Advertiser Ocean Outdoor saw a strong bounce back in demand last year, following tough conditions during the Covid-19 pandemic.
Storegga chief on Kwasi Kwarteng’s recent trade mission to Saudi Arabia: ‘A fabulous opportunity for the UK’ February 16, 2022 London-based Nick Cooper, who is the chief executive officer of Storegga, developing decarbonisation projects around the world, recently returned from a UK Government trade mission to the Kingdom of Saudi Arabia. The delegation was led by by Rt Hon Kwasi Kwarteng MP, Secretary of State at the Department of Business, Energy and Industrial Strategy. The [...]
Half of Brits not sold on cryptocurrency February 16, 2022 Scepticism towards crypto is rife in the UK with almost half of Brits unwilling to use digital assets a new survey has revealed.
LoopUp shares fall 35 per cent as return to the office scuppers stay at home stocks February 15, 2022 Lockdown darling LoopUp proved the return to the office was in full swing yesterday, after reporting a lacklustre trading update which sent shares plummeting by more than 35 per cent. Despite reporting a 60 per cent drop in revenue from 2020 levels, the conferencing software firm sought to reassure investors, saying the drop was “in [...]
Cooling Russia-Ukraine tensions lift London markets February 15, 2022 London markets bounced back yesterday as a seeming de-escalation in tensions between Russia and Ukraine cooled investors’ fears about an imminent invasion. The capital’s premier FTSE 100 index closed 1.03 per cent higher at 7,608.92 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 1.09 [...]
Global markets snap back as Russia-Ukraine tensions thaw February 15, 2022 Global markets have snapped back from a bruising session yesterday driven by a thawing of Russia-Ukraine tensions. A glimpse of a pathway to a deal to avoid a war in eatern Europe sent London’s premier FTSE 100 index soaring nearly one per cent, while the domestically-focused FTSE 250 index advanced 1.06 per cent. Although not [...]
Britain more productive than before Covid-19 crisis February 15, 2022 Britain is even more productive than it was before the Covid-19 crisis struck, reveals official figures released today. The UK produced 2.3 per cent more goods and services per hour worked compared to before the pandemic, according to figures from the Office for National Statistics (ONS). Each worker is capable of producing 0.8 per cent [...]
Taxman opens 20 investigations into crypto assets February 15, 2022 The UK's tax authority has opened 20 criminal investigations involving digital assets as it seeks to crack down on crypto fraud.
UK must ‘get used to’ soaring inflation eroding living standards February 15, 2022 Soaring inflation eroding Brits’ living standards is something the country needs “to get used to,” the City’s top economists warned yesterday. The alert was sparked by fresh jobs figures published yesterday indicating take home pay already being squeezed by the cost of living crisis is a sign of things to come. Real earnings slid 1.2 [...]