FTSE 100: Shares rise in London despite poor performance from supermarkets June 17, 2023 London’s top shares eked out another small gain, helping the FTSE end the week on 7,643 points. The gains were led by some of the UK’s biggest energy companies, which managed to outweigh some of the pressure put on supermarkets stocks, apart from Ocado which soared. By the end of the day, the FTSE 100 [...]
Wall Street ends best week since March on quiet note June 17, 2023 Wall Street has closed out its best week since March with a quiet finish on Friday, as stocks drifted to modest losses. The S&P 500 fell 16.25 points, or 0.4 per cent , to 4,409.59 after wobbling through the day. It still closed out a fifth straight winning week for its longest such streak since [...]
‘Great un-retirement’ underway as cost of living forces people to get back to work June 17, 2023 A “great un-retirement” could be getting under way, according to Age UK, as rising living costs force people to change their later life plans. The charity said it is continuing to hear from older people whose retirement aspirations “are being ruined by the impact of inflation”. One person told the charity: “Had to take early [...]
‘Mortgage crunch’ deepens: Repayments will rise by £2,900 a year, reaching eye-watering £15.8bn by 2026 June 17, 2023 Annual mortgage repayments are set to rise by £2,900 for the average household remortgaging next year, according to a think-tank. As the UK’s “mortgage crunch” deepens, total annual mortgage repayments could rise by £15.8 billion by 2026, the Resolution Foundation said. Stickier-than-expected inflation has raised expectations that the Bank of England’s base rate-rising cycle, which [...]
Scrapping ban on two-for-one junk food deals would be ‘unforgivable’ despite cost of living crisis June 17, 2023 Scrapping a planned anti-obesity policy banning two-for-one junk food deals would be “unforgivable”, health campaigners have warned, after the Government delayed the measure beyond the next election. TV doctor Chris van Tulleken branded suggestions the “light-touch” regulation would restrict consumer choice “ludicrous” following No 10’s announcement it had been shelved amid concerns about the cost-of-living [...]
King Charles takes part in first Trooping the Colour ceremony as monarch June 17, 2023 The King has received the official birthday wishes of the nation during his first Trooping the Colour ceremony as monarch. Pomp and pageantry were on display during the military spectacle where the most prestigious regiments in the British Army honoured their Colonel in Chief by parading to mark his anniversary. Charles had deputised for Queen [...]
Self-custody will fuel the next crypto bull run June 17, 2023 Monty's been rummaging through some old boxes. Among the skeletons, he's found a long-hidden reminder of an Ethereum loss.
Oil prices stuck between global economic woes and China’s resurgence June 16, 2023 Oil prices have steadied today, with both major benchmarks on course for a modest weekly gain after a sustained slump.
Energy bill support took too long to reach consumers most in need, MPs conclude June 16, 2023 Energy bill support took too long to reach those most in need and the government must protect consumers from future price hikes, say MPs.
A day after report found Boris Johnson lied to Parliament he joins the Daily Mail as a columnist… but ‘did not inform watchdog’ June 16, 2023 Boris Johnson has confirmed he is joining the Daily Mail as a columnist but could already be in hot water with parliamentary authorities over the job. The former prime minister – who vowed to offer uncensored views – could again find himself under scrutiny as Whitehall’s anti-corruption watchdog said he had not applied for clearance. [...]
