Fund titan Blue Whale dumps Big Tech stocks August 1, 2022 Peter Hargreaves backed fund Blue Whale has backed out of Big Tech stocks as the sector continues feels the sting of inflationary concerns.
London markets lose early gains despite UK banks’ best efforts August 1, 2022 A bumper crop of results from Britain’s largest lender and Asia-focused HSBC initially boosted London markets today, before an afternoon collapse. The capital’s premier FTSE 100 index dropped 0.13 per cent to 7,413.42 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.22 per [...]
HSBC hits back at Ping An calls to carve out Asia business August 1, 2022 HSBC today hit back at intense pressure from its biggest shareholder to spin out its Asia business. The chief of Britain’s largest lender, Noel Quinn, said HSBC’s “strength as a well connected, global institution is the main reason our wholesale clients choose to bank with us”. “We are determined to capitalise on the advantages our [...]
Union calls for end to rail profit as worries of hiking annual fares mount August 1, 2022 The union TSSA has called for a new financial settlement for rail as worries of hiking annual fares mount. TSSA’s general secretary Manuel Cortes said commuters have been “clobbered by above inflation fare rises,” while private rail operators “laughed all the way to the bank.” “We need our railways to be fully in public hands [...]
Oil prices tumble as demand dips amid weak manufacturing data from China August 1, 2022 Oil prices dropped sharply across both major benchmarks, as weak manufacturing data from China and Europe weighed down demand.
All eyes on Airbnb to drag tech world back up August 1, 2022 After a rocky set of results for Silicon Valley titans, tech platforms will be keeping a close eye on Airbnb's second quarter results scheduled to drop tomorrow evening.
Homeowners offered energy MOT to ease bills August 1, 2022 Homeowners can benefit from recommendations for saving money on energy bills via a new website set up by the Government last weekend.
Brits scale down inflation expectations in sign BoE rate hikes are quashing price pressures August 1, 2022 British households are scaling down their expectations for future inflation in a sign that the Bank of England’s series of rate hikes are curbing price pressures, a fresh survey published today revealed. The UK public in July thought inflation will settle at 3.8 per cent in five years, down from four per cent in June, according [...]
Octopus joins forces with EWT to boost onshore wind turbines across the UK August 1, 2022 Octopus Energy Generation has teamed up with turbine manufacturer EWT to repower up to 1,000 existing onshore wind turbines.
London exodus: Record numbers escape the capital as pandemic trend continues August 1, 2022 There has been an exodus of Londoners since the pandemic, with more than 40,000 escaping eye-watering rent in the capital to buy their first home. The pandemic trend of leaving London has continued, with a record 28 per cent of new homes outside the M25 being first-time buyers. In the first half of 2022, 40,540 [...]
