London markets register sobering day as Bank of England rate hike spooks investors February 3, 2022 London markets dropped sharply yesterday after investors were spooked by the Bank of England hiking interest rates at successive meetings for the first time since 2004. The capital’s premier FTSE 100 index closed 0.71 per cent lower at 7,528.84 points, while the domestically-focused FTSE 250, which is more aligned with the health of the UK [...]
Brits should brace for further rate hikes from Bank of England, City economists warn February 3, 2022 Households should brace for further rate hikes from the Bank of England this year as it steps “up its fight against inflation”. The Bank will rapidly pivot policy toward getting on top of Britain’s cost of living crunch, City economists are betting after today’s decision to raise rates at back-to-back meetings for the first time [...]
Looking at a metaversal bear market February 3, 2022 Going short, going long, and trying not to catch falling knives around the metaverse, with Dr Chris Kacher.
Currys hunts for new chairman as Lord Livingston makes his exit February 3, 2022 Currys is on the hunt for a new chairman as the UK’s biggest electrical goods firm hires in City headhunters.
The City View: Inflation crunch and Zencargo CEO on supply chain complexity February 3, 2022 Editor Andy Silvester talks inflation with Jack Barnett, City A.M.’s Economics and Markets Correspondent, before discussing the supply chain crunch with Zencargo founder Alex Hersham.
Drinks sales boosted by office return as bars slowly recover from Omicron hit February 3, 2022 Drinks sold at pubs and bars in Britain edged closer to pre-pandemic levels, in levels not seen since last November. Average drinks sales by value in managed pubs, bars and restaurants for the week to Saturday 29 January were eight per cent below the same period in 2020. This was the first time the weekly [...]
Number 10 chaos: Boris Johnson’s communications aide quits February 3, 2022 Boris Johnson’s director of communications has quit this evening, just hours after his policy chief also left Downing Street. Jack Doyle, a well-respected former journalist who joined the Number 10 operation in 2020, has reportedly told friends he always planned to leave after two years. Doyle also told Downing Street staff that the departure had [...]
Consumer price cap hike reflects ‘severity of the crisis’ February 3, 2022 The "severity of the energy crisis" is now becoming a reality for 22m households, argued USwitch's Justina Miltienyte.
Households face painful hike in energy bills amid deepening cost of living crisis February 3, 2022 Households will suffer an eye-watering £700 hike to their energy bills this spring, after Ofgem raised the price cap by over 50 per cent.
Shell’s profits boom as high oil prices drive up earnings February 3, 2022 Shell reported soaring profits yesterday, powered by hefty revenues amid tightening markets and rebounding demand.
