London’s FTSE 100 kicks off week strongly amid rebounding risk appetite June 27, 2022 Investors kicked off the week with strong risk appetite, boosting London’s top indexes. The capital’s premier FTSE 100 index climbed 0.89 per cent to 7,272.79 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 1.23 per cent to reach 19,359.73 points. The bullish start [...]
Explainer-in-brief: The domino effect driving unions to strike over pay June 27, 2022 As this week begins, we come back to the railways with a sigh of relief. Yet the rail strikes of last week are unlikely to be a one-off, as RMT leader Mick Lynch has already warned more could come if the talks between the unions and the rail bosses keep on failing. Someplace else in [...]
Exclusive: Brits’ patience with Bank of England and Bailey wears thin amid historic inflation crunch June 27, 2022 Brits’ patience with the Bank of England is wearing thin amid the worst inflation crunch in recent history, exclusive figures obtained by City A.M. reveal. Some 44 per cent of households are unhappy with Threadneedle Street’s performance over the last year which has seen inflation soar from 2.1 per cent in May 2021 to a [...]
HMRC: Big UK firms owe £2.7bn in unpaid VAT June 27, 2022 HMRC is missing out on a total of £2.7bn in underpaid VAT, a new study has revealed. HMRC suspects 208 of the UK’s 2,000 largest businesses have underpaid VAT by an average of £13.4m each, according to fresh analysis by Thomson Reuters. The study said that the £13.4m figure relates to “tax under consideration”, which [...]
Boris Johnson insists ‘no point’ giving public sector staff inflation-busting pay rise June 27, 2022 Prime minister Boris Johnson has swotted away public sector workers’ demands for higher pay. “I’m not going to give a comment on each offer or suggestion that the pay review bodies may make. But what I would say to you is that, at a time when you’ve got inflationary pressures in an economy, there’s no [...]
Peer-to-peer lending triggered watchdog fears as early as 2016 June 27, 2022 Peer-to-peer lending had raised concerns for the City watchdog as early as 2016, and was subjected of debate within the FCA over emails.
Interest rate hikes could trigger chain of bankruptcies in shadow banks June 27, 2022 Interest rate hikes from central banks across the globe could trigger a chain of bankruptcies in the global “shadow banking” industry, the Bank for International Settlements (BIS) has warned. In an interview with The Times, Claudio Borio, head of the BIS’ monetary and economic department, said “shadow banks” – including hedge funds, pension funds, and [...]
PZ Cussons anticipates higher product prices will boost its revenues and offset economic challenges June 27, 2022 PZ Cussons is on course to post a rebound in revenues amid higher prices for its products and strong marketing.
Top QCs accuse Lord Chief Justice of seeking to ‘intimidate’ striking barristers June 27, 2022 Tens of top QCs have accused the head of the judiciary in England and Wales of seeking to “intimidate” barristers with warnings they could face disciplinary action if they take part in strikes. In an open letter in The Times, senior barristers hit out at the Lord Chief Justice after he issued guidance telling judges [...]
Exclusive: Ukraine faces supply shock this winter without more support June 27, 2022 Ukraine needs urgent financial support from its Western allies to prevent people freezing to death this winter, warned state supplier Naftogaz.
