Shrinkflation: Cadbury reduces size of Dairy Milk bars as inflation pressures hit March 28, 2022 Cadbury has downsized the size of its Dairy Milk sharing bar as it feels the bite of rising costs. Parent company Mondelez said it was shrinking the size of the bars by 10 per cent as it faces inflationary pressures. The chocolate bar will be reduced from 200g to 180g, but still sold at £2. [...]
FCA under fire as investigations into senior manager misconduct dwindle March 28, 2022 The UK's financial watchdog is under fire after fresh data revealed the number of investigations into senior manager misconduct has halved.
Brits’ inflation expectations scale to record high March 28, 2022 Britons’ expectations of where inflation will land in a decade has climbed to the highest level ever, reveals a closely watched survey published today. Households think the rate of price rises will still be more than double the Bank of England’s two per cent target in 10 years’ time, running at 4.4 per cent, according [...]
Exclusive: Cynergy Bank’s new London property director is former head of Lloyds’ capital team March 28, 2022 The former head of Lloyds’ property team in the capital has been unveiled as the new London director of Cynergy Bank. Mitesh Hathi will head the bank’s expanded team of 19, with more than £1.1bn on its balance sheet. They will will focus on small and medium sized firms in the capitals’s £2m-20m bracket, in [...]
Scottish Widows slashes $2bn of tobacco and coal investments over ‘stranded assets’ fears March 28, 2022 Pensions giant Scottish Widows has announced it will scrap nearly $2bn of tobacco and coal investments over fears that they will become “stranded assets”, as investors and consumers increasingly shun the sectors.
Pantheon Infrastructure invests £40m in UK gas infrastructure March 28, 2022 Pantheon Infrastructure (PINT) will invest £40m in the UK's gas transmission and metering business alongside Macquarie.
Bitcoin flying at 3 month high as crypto market cap tops $2 trillion March 28, 2022 Bitcoin's price could be ending its sideways churn with the price of the world's oldest crypto currency topping $47,000 this morning.
Bitcoin currently sitting above important price point March 28, 2022 The price of Bitcoin this morning rose to more than $47k for the first time since January 4. It’s since settled back to around $46,950.
Forest surrounding Chernobyl ablaze as Russia reports stable levels of radiation March 28, 2022 There is a large forest fire burning in the Chernobyl exclusion zone, which have lead to heightened levels of radioactive air pollution, a Ukrainian official has warned. There is a threat to neighbouring European countries, as there is more than 10,000 hectares of forest ablaze, according to commissioner of the Verkhovna Rada of Ukraine for [...]
1 Minute Market Rundown – 28th March 2022 March 28, 2022 Russia – UkraineBanks predict a more aggressive FEDCrypto looks to break out…finally Markets currently have two themes. The first is the bond market which continues to trade as if it’s on the receiving end of a slap from Will Smith. Yields relentlessly push higher as the market continues to reprice an even more hawkish FED. [...]
