US jobs surge by 467,000 in a month beating estimates February 4, 2022 The US added 467,000 new jobs to the payroll in January beating estimates despite business closures caused by Omicron.
London markets deflate following interest rate hike February 4, 2022 London markets have contracted a day after the Bank of England pushed ahead with interest rate hikes at successive meetings for the first time since 2004.
Nike sues retailer selling unauthorised sneaker NFTs February 4, 2022 Sneaker giant Nike has sued online reseller StockX in a US court for selling images of its shoes as non-fungible tokens (NFTs).
BoE boss Bailey calls for wage restraint to control inflation February 4, 2022 Bank of England governor Andrew Bailey said inflation risked getting out of control without restraint on pay rises.
Optimism fades for Upper Crust owner SSP as sales slide February 4, 2022 After a promising start to the new financial year Upper crust owner SSP has revealed sales are slipping back.
DX auditor quits amid inquiry into company leadership February 4, 2022 AIM-listed delivery firm DX Group has admitted its auditor has resigned amid an investigation into corporate governance at the company.
Disbelief and outrage across EU as UK says it won’t do anything to stop end to Brexit food checks February 3, 2022 European media responded with shock and disbelief this morning after a minister in Northern Ireland ordered to end checks on food in his country and the UK declared it won’t do anything about it. Moreover, Northern Ireland First Minister Paul Givan is expected to announce his resignation by the end of the week, potentially later [...]
Cost of living crunch to derail UK economy in bruising day for living standards February 3, 2022 A double whammy of bad news today laid bare the scale of the blow the cost of living crisis will deal the British economic recovery, with the energy price cap set to spike by 54 per cent and GDP forecasts slashed by the Bank of England. Ratesetters at Threadneedle Street hiked the interest rate to [...]
London markets register sobering day as Bank of England rate hike spooks investors February 3, 2022 London markets dropped sharply yesterday after investors were spooked by the Bank of England hiking interest rates at successive meetings for the first time since 2004. The capital’s premier FTSE 100 index closed 0.71 per cent lower at 7,528.84 points, while the domestically-focused FTSE 250, which is more aligned with the health of the UK [...]
Brits should brace for further rate hikes from Bank of England, City economists warn February 3, 2022 Households should brace for further rate hikes from the Bank of England this year as it steps “up its fight against inflation”. The Bank will rapidly pivot policy toward getting on top of Britain’s cost of living crunch, City economists are betting after today’s decision to raise rates at back-to-back meetings for the first time [...]