Powering the revolution: Does the private sector have the appetite for an energy overhaul? April 19, 2022 City A.M. looks at whether the private sector help fund the government's ambitious targets to ramp up domestic energy production.
Johnson: It ‘did not occur to me’ Downing Street birthday party was Covid breach April 19, 2022 Boris Johnson has told MPs that it “did not occur to me” that his Number 10 office birthday party was in breach of Covid rules, after receiving a police fine last week for attending the event. The Prime Minister today said “that was my mistake and I apologise for it unreservedly”, but that he now [...]
P&O could face bankruptcy following insurance increase, analysts warn April 19, 2022 P&O could face bankruptcy, analysts told City A.M. as they warned a drop in the ferry operator’s safety rating is set to see its insurance bills soar. The company faces a “sky-high insurance bill” after its safety ratings sank to the “riskiest bracket,” in the face of mounting scrutiny from the UK government over its [...]
Downbeat IMF growth projections weigh on London’s top indexes April 19, 2022 London’s top indexes were weighed down today by the world’s economic watchdog downgrading its forecasts for the UK and global economy. The capital’s premier FTSE 100 index closed 0.2 per cent lower at 7,601.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.75 [...]
Cost of living crisis to throttle UK economic growth, IMF warns April 19, 2022 A historic cost of living crunch that is being stoked by Russia’s invasion of Ukraine and strict lockdowns in China will disrupt Britain’s road to recovery, fresh forecasts published today by the world’s economic watchdog revealed. UK households are set to slash spending in response to rampant inflation eroding their living standards rapidly, choking growth [...]
Ashes to rise to the top for Lui ahead of Sixty’s Champions Day showdown April 19, 2022 FRANCIS Lui faces an all-important week, and the 63-year-old trainer will be hoping that any success at Happy Valley can act as a springboard for stable superstar Golden Sixty, as he seeks to defend his Champions Mile crown against heir apparent California Spangle on Champions Day at Sha Tin on Sunday. Lui has consistently fired [...]
Purton can maintain championship lead in battle of the Big Two April 19, 2022 JOCKEY Zac Purton can be relied upon to maintain his narrow advantage over arch-rival Joao Moreira in the race for the Jockeys’ Championship when a nine-race programme gets underway at Happy Valley today. A winning treble at Sha Tin last Saturday saw Purton leap to the top of the table by one winner over Moreira, [...]
Oil prices plummet as demand dips and inflation runs rampant April 19, 2022 Oil prices dropped amid growing expectations of reduced demand, with the IMF cutting its economic growth forecasts.
The City View: Michael Hewson on Germany’s Russian energy oversights and Merkel’s legacy April 19, 2022 Today Andy Silvester talks to Michael Hewson, Chief Markets Analyst at CMC Markets. They go through the latest IMF forecasts, which included downgrades and the worst growth forecast in the G7 for the UK; Germany’s exposure to energy price fluctuations, the mounting pressure to reduce its dependency on Russian oil and gas, and Angela Merkel’s [...]
Crypto mining could help Russia evade sanctions, IMF warns April 19, 2022 Crypto mining could enable sanctioned Russians evade punitive restrictions researchers from the International Monetary Fund said.
