Does altitude affect vision loss? September 14, 2022 Across the developing world, there is a multitude of reasons that many people suffer from blindness. One of the leading causes is that many communities live in isolated communities where they cannot access eye care or any sort of healthcare. So what are the other reasons? There have been a few recent studies regarding the [...]
Inflation drops for first time in nearly a year, but BoE still on rate hike path September 14, 2022 Inflation in the UK dropped for the first time in nearly a year, but will do little to stop the Bank of England from continuing to hike interest rates, City economists said today. Prices climbed 9.9 per cent over the year to August, down from a 40-year high rate of 10.1 in July, according to [...]
Explainer-in-brief: A Northern Irish deadlock, continued September 14, 2022 This week saw a new development in the Northern Ireland Protocol row, as Maroš Šefčovič, the European Commission Vice President, said the EU was willing to reduce the physical checks on goods travelling from Britain to Northern Ireland to “a couple of lorries a day”. It sounds minor, but when Northern Ireland is concerned, any [...]
Fundsmith look to liquidate emerging equities trust September 14, 2022 Fundsmith Emerging Equities Trust has called on shareholders to vote in favour of voluntary liquidation as the investment arm feels the sting of a cooling market The board said it has sought the views of its largest shareholders on winding down the £319.4mn emerging markets investment trust and believes that the proposals are in the [...]
Digital gold or fool’s gold: is crypto really a hedge against equity risk? September 14, 2022 Crypto enthusiasts often claim that digital coins and tokens are uncorrelated with equities and can provide a safe haven amid stock market crashes. The assumption is that cryptoassets will act like “digital gold,” serving as a hedge against equity risk and helping investors ride out such downturns. Such bold claims beg for examination, especially amid [...]
Shares plunge for ITM Power as losses widen and CEO plans his exit September 14, 2022 ITM Power’s shares plunged nearly 25 per cent this afternoon after the energy giant posted widening losses and announced the news that its CEO was calling it quits. The green energy giant said in its full year results that gross loss hit £23.5m, ballooning from £6.5m in 2021. Although revenue jumped to £5.6m, compared to [...]
Game on: Why Big Tech is betting big on gaming September 14, 2022 When Bill Gates said “content is king” back in 1996, he opened a can of worms that has become increasingly hard to contain. This content obsession has evolved in different ways in the last two decades, with the latest bet from Big Tech being on gaming. While the evolution of video games has been progressing [...]
‘Callous in the extreme’: 100 of King Charles’ former staff at Clarence House face redundancy September 14, 2022 Up to 100 of King Charles’ staff at Clarence House are facing redundancy, in a move brand “callous in the extreme” by a key public services union. Dozens of his workers were been given notice as his office moves to Buckingham Palace, according to a letter sent to the Guardian by his top aide, Sir [...]
Redrow revenue hits new record as housebuilder continues London exit September 14, 2022 Housebuilder Redrow’s revenue has climbed above pre-Covid-19 levels, as it continues its withdrawal from the London market. Revenue grew 10 per cent to a record £2.14bn in the year to 3 July. While profit before tax hit £246m, down from the £314m, it reported a year prior due to one-time fire safety costs of £164m. [...]
Dunelm continues with strong sales growth despite economic headwinds September 14, 2022 Homewares retailer Dunelm posted strong sales growth this morning, despite ongoing macroeconomic concerns. In its full year results, the firm posted sales growth of 16.2 per cent, with total sales 41 per cent higher than 2019 levels. Sales hit £1.5bn, with profit before tax at £209m. Active customers grew by 8.5 per cent over the year, [...]
