Morning snapshot: Your Daily Dose of pre-market news January 10, 2022 It’s Monday 10 January. Here is a quick overview of the stories that are making headlines this morning in the UK and around the world. UK POLITICS Cladding: Developers must agree a £4 billion plan to fix dangerous cladding on low-rise flats by early March or risk new laws forcing them to act, Housing Secretary [...]
British firms brace to unleash wave of investment in 2022 January 10, 2022 British businesses are preparing to unleash a wave of investment over the next year, reveals a fresh study published today. A record proportion of finance chiefs at the UK’s top firms are intending on ramping up capital spending in the next 12 months, according to research carried out by consultancy Deloitte. Over one in three [...]
As London passes the peak and transport reopens, could it really be a happy new year? January 10, 2022 London may be emerging from the worst of the new Covid-19 peak, with the capital’s public health boss saying London appears to be past the peak of infections and vital transport infrastructure kicking back into gear today. Professor Kevin Fenton, London’s public health director, said the data suggests “we may have passed or are at [...]
Exclusive: SIPP godfather John Moret on half a century in the City’s pensions space January 10, 2022 Often referred to as Mr SIPP, or the godfather of SIPP, for his work in developing the self-invested personal pension market, Square Mile insider John Moret is one of the most influential figures in the UK’s pensions industry. He is currently chair of advisory business Intelligent Pensions and a non-executive director of Gaud, a fast growing SIPP [...]
UK’s biggest energy users warn gas price hike could hit net zero January 9, 2022 Eight in 10 of the UK’s biggest energy users have said they are worried by rapid rises in energy prices and fear it could put their environmental investments at risk. Most intensive energy users have plans to cut their carbon emissions, according to a new survey. Energy giant Vattenfall said that 90 per cent of [...]
Small businesses fear rising prices will slow the recovery January 9, 2022 Almost half of Britain’s small businesses say the increased cost of doing business is a concern for them in the new year. And across the wider economy, inflation is seen as a threat by around three-quarters. Inflation is heading north already and is expected to peak at around six to seven per cent in April [...]
Sunak: Britain poised to unlock well of untapped digital innovation January 9, 2022 BRITAIN is set to unleash a wave of economic growth by unlocking a well of untapped digital innovation, according to Chancellor Rishi Sunak. Fast growing startups and fintech firms are poised to propel the UK economy into a new digital age. “The digital economy… is a huge opportunity for us. We have one of the [...]
Investors eye UK supermarkets’ Christmas performance in busy week on London markets January 9, 2022 Investors will be eyeing how the UK’s biggest supermarkets fared over the Christmas trading period in a busy week of corporate announcements on London markets. Traders will be looking for clues in the string of supermarket updates on whether the imposition of plan B measures and soaring Covid-19 cases prompted consumers to divert money that [...]
UK businesses pay more than EU firms for emission trading post Brexit January 9, 2022 UK businesses are paying 10 per cent more than their EU counterparts to trade their emissions following Brexit. As a result of the government’s refusal to link the UK carbon market to the EU’s, British firms pay more than £75 per tonne of CO2, while EU businesses pay up to €85 (£71), the Guardian reported. [...]
Wave of staff absences set to wipe off £35bn from UK economy January 9, 2022 A wave of staff absences triggered by Omicron sweeping across the UK could shave £35bn off the British economy, according to new figures released today. The loss in output caused by workers being forced to self-isolate after contracting Covid-19 may wipe off around 8.8 per cent of January and February’s combined gross domestic product (GDP), [...]