UK tech investment hits £12.4bn as private firms buck volatility June 12, 2022 The amount of cash pumped into British tech firms surged beyond that of China in the first five months of the year as private British tech firms bucked the volatility that has rocked publicly listed tech stocks.
Tesco to reveal consumer spending habits with update this week June 12, 2022 Supermarket giant Tesco is set to shed more light on how customer spending is holding up as shoppers deal with rapidly increasing food inflation. The UK’s biggest grocer will reveal how trading has performed over the three months to May when it updates shareholders on Friday June 17. Tesco has been resilient despite pressure on [...]
SSE warns Sunak against expanding windfall tax to electricity generators June 12, 2022 SSE chief executive Alistair Phillips-Davies has warned the Chancellor Rishi Sunak against extending the windfall tax to electricity generators.
New Chinese lockdowns and inflation drives down oil prices ahead of trading this week June 12, 2022 Oil prices dipped last week, after US consumer prices rose more than expected and China imposed more restrictions on millions of people.
Australia reaches settlement with French firm to ease ‘Aukus’ tensions June 12, 2022 Australia has reached a settlement with France's Naval Group, as compensation for scuppering a submarine contract with the country.
Bank of England splurges £200,000 on defining mission statement June 12, 2022 The Bank of England has splurged more than £200,000 on consultants to define its mission statement as it looks to tempt in talent and regain confidence amid a wave of criticism over its handling of soaring inflation
EP: 137 Royal Ascot – Tuesday June 12, 2022 Day 1 of Royal Ascot 2022 kicks off with the unbeaten superstar Baaeed in the Queen Anne Stakes. We speak to leading jockeys William Buick & Tom Marquand on today’s episode as they both look ahead to their best rides at the royal meeting. City AM Racing editor Bill Esdaile previews all of the first [...]
WTO to hold first major ministerial meeting in five years on Monday June 12, 2022 The World Trade Organisation (WTO) will hold its first ministerial meeting in five years tomorrow, with the UK’s international trade secretary saying that “freedom and fairness are now more important than ever”. WTO chief Ngozi Okonjo-Iweala will lead the meeting in Geneva with 100 trade ministers from across the world, with the organisation hoping to [...]
Biden hits out at Big Oil’s record profits as White House fails to tame inflation June 12, 2022 US President Joe Biden called on ExxonMobil to drill for more oil and pay higher taxes in a stunning broadside on the US oil industry.
Kwarteng orders review of petrol retail market to ensure fuel duty cuts are passed on to consumers June 12, 2022 Business Secretary Kwasi Kwarteng has ordered the market watchdog to conduct an "urgent review" of the petrol market.
