How could you invest to beat inflation? January 17, 2022 With rising inflation, many are starting to see how investing their money can lead to better returns. On New Year’s Day, many kickstart January with a New Year’s resolution. Some give up chocolate, while others exercise more. A few take up a new hobby. But a handful resolve to spend less and save more money. [...]
Davos: Xi says China’s ‘common prosperity’ drive is not egalitarianism January 17, 2022 Xi Jinping has declared China’s “common prosperity” agenda, which has seen a government crackdown on wealthy firms, is not about pursuing egalitarianism. The Chinese President also called for a change to the current “Cold War mentality” in light of the growing conflict between China and the US. Beijing’s common prosperity drive is aimed at narrowing [...]
‘Normal life’ is just around the corner, says Pfizer boss January 17, 2022 The boss of famed vaccine maker Pfizer expects that the world will soon return to “normal life”, as restrictions in the UK continue to fall away. The government has today introduced the five-day isolation period to replace the former 10-day rule, as long as those self-quarantining have a negative Covid-19 test. While tests are also [...]
A moment in EU car history: EV sales overtake diesel for fist time January 17, 2022 The sale of electric vehicles (EV) in the European market has surpassed that of diesel cars for the first time ever, according to Financial Times preliminary estimates. Across 18 European markets – including the UK – more than a fifth of vehicles sold were electric, while diesel cars slumped to less than 19 per cent. [...]
Cornwall Insights criticises consumer price cap in wider call for long-term energy market reforms January 17, 2022 Cornwall Insight's chief executive has criticised the consumer price cap, as he publicly calls for reforms to the energy sector to address the current crisis.
China economy whacked by Omicron curbs and stalling property sector January 17, 2022 China’s economy is growing at the slowest pace in a year and a half as the world’s second largest economy contends with a concoction of headwinds, revealed official figures released today. Gross domestic product (GDP) jumped four per cent over the three months to December compared to the same period last year, the National Bureau [...]
TfL spend remains half of pre-pandemic levels in first week back to work January 17, 2022 Cash spent on Transport for London’s (TfL) network is still half of what pre-pandemic levels were in the new year’s first week back to work, according to new data shared exclusively with City A.M. However, many commuters are choosing to ignore the government’s work from home guidance, compared to last January when the country was [...]
Scotland boosts renewable goals with £700m auction for offshore wind projects January 17, 2022 ScotWind has raised hundreds of millions from an auction of seabed plots for offshore wind projects, boosting its net zero ambitions.
Fridays owner Hostmore remains on track despite Omicron cancellations January 17, 2022 Hostmore, which owns Fridays, has confirmed that its earnings and new site pipeline are on track despite weaker trading over the festive period. The hospitality firm’s board expects earnings before interest, taxes, depreciation and amortisation for the year to January 2 to be “well ahead” of £18.6m. London-listed Hostmore, which also owns cocktail bar [...]
‘Marmite situation’ for GSK investors as Unilever bids spark potential bidding war January 17, 2022 Analysts have predicted a potential bidding war erupting for GSK’s consumer arm.
