Cost of living crisis: 63 per cent of Brits now shop at discount grocery stores August 22, 2023 More than half of shoppers now shop at discount grocery stores as Brits continue to seek out bargains amid the cost of living crisis. According to new data released by NIQ, in the last four weeks some 63 per cent of the public shopped at value chains such as Aldi, B&M and Poundland, with over [...]
Nvidia: Analysts say “more juice for the orange” as share price spikes August 20, 2023 Ahead of its second-quarter results, American chip designer Nvidia is riding high after a successful first half, with shares skyrocketing over 200 per cent since January, and analysts foreseeing more gains. Nvidia, the S&P 500’s star of the year, is anticipated to report a 65 per cent year on year sales surge to $11.1bn (£8.7bn). Earnings [...]
House prices rise 1.7 per cent – but Brits advised they will keep coming down August 16, 2023 Average UK house prices increased by 1.7 per cent in the 12 months to June down from a revised 1.8 per cent in May 2023, but property experts are warning this won’t continue for long. New figures from the Office for National Statistics show the cost of a home in the UK is £5,000 more [...]
House prices will eventually start to fall, as long as owners accept their new reality August 16, 2023 House prices are on the rise because fewer people are selling, and fewer people are selling because they think their property has preserved its value. Once they give up, prices will fall, writes Paul Ormerod
Wilko rumour mill: B&M shares up as takeover whispers gather volume August 15, 2023 Wilko has fallen into administration but rumours are flying that fellow discounters could be circling the stricken retailer
Alfa Romeo Stelvio review: A heart-over-head family SUV August 14, 2023 The Alfa Romeo Stelvio – driven here in 280hp petrol Veloce guise – is a stylish and dynamic family SUV. But it has some downsides, too.
Chinese economy: Country’s biggest property developer sees shares crash to record low August 14, 2023 Chinese property giant Country Garden’s debt problems deepened after its onshore bonds were suspended, sending its shares plunging 16 per cent to record low on Monday in a fresh blow to policymakers trying shore up confidence in a stuttering economy. Markets remain jittery as the trouble in China’s largest private property developer could have a chilling effect [...]
Premier League club owners: A breakdown of the state of play August 11, 2023 The greatest football league in the world returns tomorrow as the Premier League kicks off with Manchester City’s trip to Burnley – or a UAE-China-US conglomerate’s journey up the M66 to United States majority owned Turf Moor. The Premier League is a multicultural cauldron of ownership nationalities and structures, with some clubs owned largely by [...]
Bitcoin takes a peek above $30k while the SEC appeals Ripple ruling August 10, 2023 Bitcoin is trading for around $29.5k after a short-lived breach of the $30k level, yesterday, while ETH continues in the $1.8k range.
Persimmon slashes number of homes built as rate rise rattles business August 10, 2023 Persimmon has cut the number of homes it’s building by more than a third as the housebuilder faces up to rapidly rising mortgage rates and a slowdown in consumer confidence. The construction company built a total of 4,249 homes in the first half of the year down from 6,652 homes compared to the same period [...]