London becomes fourth most expensive city in the world: Rent, petrol and cooking oil drive cost of living June 9, 2022 A perfect storm of rising inflation, the war in Ukraine and soaring house prices and rent, have turned London in to a pressure cooker of expense, making it the fourth most costly place to live in the world. London move up one place according to new research about cost of living for expatriates around the [...]
Poundland owner: UK shoppers particularly wounded by higher bills due to stagnant wage growth June 9, 2022 Poundland owner Pepco has said consumers in the UK have been particularly wounded by higher costs of living, impacting spending. Pepco, which also owns discount retailer Dealz, said higher wages in Central and Eastern European markets were significantly offsetting inflationary pressures. However, in the Western European markets, stagnant wage growth had led to shoppers paring [...]
Crypto markets remain flat as stocks fall June 9, 2022 The price of Bitcoin is holding strong at just above the $30k mark this morning, roughly flat over the past 24 hours.
Walking in London: Now is the time to rediscover the capital, by foot June 9, 2022 One of the perverse effects of lockdown was to get people walking more. Public transport was off-limits, but exercise and a change of scenery was necessary to stave off cabin fever, so citizens of the capital found themselves strolling the city streets in a way they hadn’t before, with many taking the opportunity to look [...]
CMC Markets struggles to keep up with pandemic buzz as profits shrink June 9, 2022 Online trading service CMC Markets said operating income hit £282m, a 31 per cent decline from 2021, as the firm grapples with a decline in pandemic-related market activity. Profit before tax also fell by 59 per cent to £92m, compared to the pandemic boom in 2020 of £224m. Active traders on CMC also dropped from 76,591 [...]
Cost of filling up average family car shoots to £100 for first time June 9, 2022 The cost of filling up the average 55-litre family car has shot to £100 for the first time ever. According to data released today by Experian Catalist, petrol prices have reached an all-time record of 182.3p, going up by 1.6p from Tuesday, while diesel increased by 2.9p to 188.1p. Commenting on the increase, RAC fuel [...]
British American Tobacco narrows losses for cigarette alternatives as it invests £1bn in vapes and reduced risk products June 9, 2022 Vogue cigarette maker British American Tobacco reported slow revenue growth this morning, up two per cent.
Apollo and Reliance Industries join forces to make binding bid of up to £6bn for chemist Boots June 9, 2022 Private equity firm Apollo and Indian conglomerate Reliance Industries have made a binding bid for high street chemist Boots, it has been reported. According to the Financial Times, the offer values the company at between £5bn and £6bn, two sources familiar with the deal told the newspaper. US owner Walgreens Boots Alliance had been looking [...]
Morrisons’ private equity owner clears final regulatory hurdle for £7bn supermarket sweep June 9, 2022 The competition watchdog has given the green light to Morrisons’ private equity owner, meaning the deal has now cleared regulatory checks. The Competition and Markets Authority (CMA) had provisionally accepted Clayton, Dubilier & Rice’s offer to sell 87 petrol stations in order to address competition concerns. Now, the watchdog said it has accepted the undertakings [...]
Global launches first ever NFT collection to mark Capital’s Summertime Ball comeback June 9, 2022 To celebrate the return of Capital’s Summertime Ball with Barclaycard after three-years, Global, in partnership with green NFT platform OneOf, today announced their first ever NFT.
