Fund managers pile into cash as outlook for growth plunges to all time low May 18, 2022 Fund managers are fleeing equities and piling into cash as the outlook for global growth plunges to an all time low, according to a closely watched survey.
1 Minute Market Rundown – 18th May 2022 May 18, 2022 Trade the ExtremesUSD Gives Up Some of its GainsCrypto Consolidates There is not too much to add from yesterday’s piece sadly. The main talking point was Powell reiterating the FED’s stance on inflation. Powell said the FED won’t hesitate to tighten policy beyond neutral to curb inflation. Stock’s stalled their recent rise and the USD [...]
Crypto tokens and crypto coins: what drives performance? May 18, 2022 Much of the crypto world is, by definition, cryptic and difficult to understand. But two crypto trends are crystal clear: both talent and money are flooding into the digital currency market. Almost every day brings a fresh announcement about software developers from Google or financiers from JPMorgan joining crypto start-ups. Indeed, while the total market [...]
Aviva on track to meet financial targets after sales jump five per cent May 18, 2022 British insurance giant Aviva today said it is on track to meet its financial targets after its sales increased by 5 per cent to £2bn, on the back of strong trading in the UK and Canada. The London insurer said it had brought in an extra 100,000 UK customers over the previous year brining its [...]
UK inflation hits 9 per cent: 40-year high as country wrestles cost of living crisis May 18, 2022 UK inflation has hit 9 per cent, a 40-year high, as the country wrestles with a cost-of-living crisis. Top economists have pegged inflationary headwinds to hit double figures by the end of the year, as food, energy and other household services and goods spiral in cost. Food products and metals have seen the largest leaps [...]
Starmer calls windfall tax ‘inevitable’ as Tories show signs of wobbling over the levy May 18, 2022 Internal government polling has found support for a windfall tax on the profits of energy firms is “wildly” popular..
All Bar One and O’Neills owner struggles to drive sales as inflation bites May 18, 2022 All Bar One and O'Neills owner Mitchells & Butlers feels the sting of inflation, with like-for-like sales growth of one per cent over the first half of the year compared to 2019 figures.
Experts explore how leaders can foster a sense of personal belonging in an increasingly digital workforce May 18, 2022 Psychological safety is a critical driver of retention and performance. Karam Filfilan meets the experts to learn how leaders can foster a sense of personal belonging in an increasingly digital workplace Read May’s CA magazine now When employees feel valued, able to share ideas and challenge established thinking without fear of negative consequences, they become [...]
Burberry posts revenue success but says future depends on Chinese Covid recovery May 18, 2022 Burberry reported a 23 per cent rise in revenue to £2.83bn, but said the ongoing outlook for the luxury brand depended on Chinese recovery. Despite group adjusted operating profit up to £523m, the comparable store sales in Asia Pacific were down seven per cent in the final quarter in the final quarter as lockdown batters [...]
