Plan B Omicron curbs derail pubs and restaurants’ vital Christmas trading period January 11, 2022 The re-emergence of curbs to tamp down on the spread of Covid-19 derailed the vital Christmas trading period for Britain’s hospitality sector, reveal new figures published today. Brits pulled back sharply on spending at pubs, bars and restaurants over the festive period, according to research undertaken by Barclaycard. Spending at restaurants sunk over 14 per [...]
London notches best year for floats since 2007 January 11, 2022 A wave of listings flooded London markets last year as private firms pushed to capitalise on strong investor demand, reveals new figures published today. Some 121 businesses floated in the City in 2021, the highest volume since 2007, according to research carried out by consultancy EY. Newly listed firms raised over £16bn in the capital [...]
Buckle up: Wild ride on Wall Street as rate rise talk spooks investors January 10, 2022 An explosive Goldman Sachs note triggered a day of drama on Wall Street today after the investment bank warned of as many as four US Fed rate rises in 2022 alone. The tech-heavy Nasdaq crashed by as much as 2.7 per cent in early trading, tipping it briefly into correction territory. A late rally saw [...]
Lexus increases sales despite Covid and supply chain issues January 10, 2022 Car maker Lexus has registered a 1.1 per cent increase in sales, despite Covid and ongoing supply chain issues. Toyota’s luxury division sold 13,880 vehicles in 2021, giving the car maker a 2.46 per cent share of the premium car market and a 0.84 per cent share of the full passenger car market – a [...]
UK inflation to remain more than double BoE’s target for entire year January 10, 2022 UK inflation will run at more than double the Bank of England’s two per cent target for a whole year, reveals fresh forecasts published today. The rate of price increases will peak at 6.7 per cent this April, lifted higher by the energy bill cap being hoisted around 50 per cent, according to investment bank [...]
GMB Union hammers Centrica for appointing former energy minister Amber Rudd to its board January 10, 2022 GMB Union has slammed Amber Rudd’s appointment to Centrica’s board, describing her as “the wrong person at the wrong time”.
Gas prices will remain high over winter says experts January 10, 2022 UK gas prices are unlikely to revert to pre-pandemic levels "anytime soon" according to Ole Hansen, head of commodity strategy at Saxo Bank.
US Federal Reserve to launch rate hike spree in 2022 January 10, 2022 The US Federal Reserve will launch a hiking spree this year as the world’s most influential central bank zeroes in on spiralling inflation in America, according to City analysts. The Fed will hoist interest rates at least four times in 2022 in a bid to tame red hot price rises that are already seeping into [...]
Used cars cost 50 per cent of Brits’ salary, data reveals January 10, 2022 Buying a used car costs almost 50 per cent of a Brit’s average salary, according to car leasing company Vanarama. Since 2017, the average price of a second-hand vehicle has gone up from representing 41.5 per cent of the average UK salary to amounting to 47.2 per cent, around £14,775. “Generally, the UK cost of [...]
Oil prices stable with supply disruptions cancelling out fears of reduced demand January 10, 2022 Oil prices were stable on Monday, as supply disruptions in Kazakhstan and Libya offset fears from soaring Omicron infections around the world.