UK inflation to accelerate to highest rate since March 1992 April 11, 2022 Inflation in the UK will soar to its highest level since March 1992, intensifying an already tight cost of living squeeze that is hitting households, according to City experts. Accelerating food and energy prices stoked by Russia’s invasion of Ukraine will propel inflation higher, fresh estimates released by the Office for National Statistics (ONS) on [...]
How are the FTSE 100, Dow & Dax faring? April 11, 2022 Ahead of the ECB committee meeting, BOC rate decision and US earning season, we provide an outlook on how futures are positioned. FTSE 100 The FTSE 100 gained over 1% last week as most US, Asian and European equity indices ended the week in negative territory, weighed down by a firm hawkish outlook from the [...]
Copper brings five new faces to crypto trading platform April 11, 2022 London-based crypto trading site Copper has made five appointments to assist with plans to enhance its prime infrastructure offering.
Fortnite maker Epic hits £24.2bn valuation as Sony continues gaming push April 11, 2022 Fortnite maker Epic Games raised a further $2bn (£1.5bn) this afternoon, valuing it at a whopping $31.5bn (£24.2bn). The round included investment from existing investor Sony Group as well as KIRKBI, the family-owned holding and investment company behind The LEGO Group, with each party investing $1bn respectively. Sony’s ongoing push with Epic Games may be [...]
Chip shortages to remain into 2023, says BMW boss April 11, 2022 The shortage of semiconductors that plagued the automotive industry over the last two years is expected to remain well into 2023, said BMW boss Oliver Zipse today. “We are still in the height of the chip shortage,” he told German newspaper Neue Zuercher Zeitung. “I expect us to start seeing improvements at the latest next [...]
State pension hike comes into force but savers set to feel the squeeze of inflation April 11, 2022 State pension payments have been hiked 3.1 per cent from today but savers are set to feel the squeeze as inflation outpaces the rise in payouts.
EU pushes OPEC to boost oil output as bloc weighs up ban on Russian supplies April 11, 2022 European Union (EU) officials will hold talks with OPEC representatives today in Vienna, amid growing calls for the cartel to boost supplies.
Shares in Asia focused companies dip as Chinese inflation soars April 11, 2022 Shares in London listed companies with Asia focused businesses dropped today after Chinese government data showed outbreaks of Covid and the war in Ukraine had caused inflation in China to soar. The dips come after figures from China’s National Bureau of Statistics (NBS) showed factory gate prices are up 8.3 per cent compared to [...]
Labour calls on PM to confirm no other ministers have ever been a non-dom April 11, 2022 Labour has called on Boris Johnson to confirm none of his other ministers have ever had non-domiciled tax status or are making use of tax loopholes in the wake of revelations about Rishi Sunak’s family. Labour leader Sir Keir Starmer today said the Prime Minister “needs to bring this saga to a close and confirm that [...]
British-built Bizzarrini 5300 GT Corsa Revival takes to the road April 11, 2022 The first new Bizzarrini 5300 GT Revival has undergone final endurance testing. Only 24 examples of the Italian sports car will be made.
