PMQs: Starmer slams Prime Minister’s ‘weak’ leadership with party split over Omicron restrictions December 15, 2021 Starmer slammed the Prime Minister as being too weak to lead the country with the Tories deeply split over new Omicron restrictions.
Plan B “little impact” on used car price growth, data reveals December 15, 2021 The UK Government’s plan B has had little impact on either consumer demand and user car price growth. According to data from Auto Trader, between 6 and 12 December prices for used cars went up 28 per cent on a year-on-year and like for like basis – a 26.9 per cent increase compared with the [...]
4C Labs a step closer to launch of UK medical cannabis clinics December 15, 2021 4C Labs has become the first company to obtain licences to both cultivate and sell medicinal cannabis in the UK.
888 offloads bingo business for £38m in discounted deal December 15, 2021 888 has sold its bingo business at a hefty discount with the gambling giant looking to prioritise North America expansion and its core business.
Decade-high inflation print dials up pressure on Bank of England to hike rates December 15, 2021 Pressure on the Bank of England to hike rates is dialling up amid swelling energy bills causing inflation to skyrocket to its highest level in over a decade. The cost of living climbed to 5.1 per cent last month, according to data released by the Office for National Statistics (ONS) today, smashing analysts’ expectations and [...]
Energy suppliers to face financial stress test as Ofgem grapples with winter crisis December 15, 2021 Ofgem has announced a raft of reforms to fix the energy sector following 25 suppliers collapsing in the past three months
China’s Evergrande: not so grand financial statements? December 15, 2021 | City Talk Evergrande Group is the latest listed company to unexpectedly find itself on the verge of bankruptcy. When businesses are thrust into public view for the wrong reasons, my first thought is always whether trouble could have been coming. To see if the Chinese property development giant’s travails could have been anticipated, I looked at its [...]
FTSE100 dips amid inflation surge December 15, 2021 The London FTSE100 index plunged this morning after data showed that inflation rates surged to 5.1 per cent in November – its highest level in a decade. Despite the surge, investors are no longer expecting the Bank of England to raise rates. The index saw retailers such as Next and Ocado fall 2.74 and 1.79 [...]
Early Morning Call: All eyes on Fed; gold breaks support; and Adobe down December 15, 2021 | City Talk All eyes are on the US dollar with the Federal Reserve meeting ahead. EUR/USD fell yesterday as the European Central Bank expects 2023/24 inflation below the 2% target. We’re also watching GBP ahead of UK consumer price inflation data. Adobe (ADBE) plunged 7% following JPMorgan downgrade. And gold breaks support as USD strengthens ahead of [...]
Goodwin travels upwards despite price pressure and supply chain issues December 15, 2021 Mechanical manufacturing company Goodwin has had positive financial results despite being affected by prices pressure and supply chain issues. The company’s shares registered today a 9.25 per cent dive, going down to 3,140p. In its half year results to 31 October, the group’s profits, before and after tax, have gone up to £7.7m and £6m [...]