Bank Holiday weekend: Motorists urged to plan ahead as 12.5m trips expected August 26, 2022 Bank Holiday weekend traffic warnings have been issued with motorists urged to plan ahead as 12.5 million trips are set to take place. According to figures published today by the RAC, Friday will be the be the busiest day, with 4.3 million trips planned, followed by Saturday’s 2.3 million and then Sunday and Monday’s 1.3m [...]
World’s central banking elite gather in Jackson Hole amid darkening inflation clouds August 25, 2022 The world’s central banking elite are convening at the US Jackson Hole resort today with a bleak inflation backdrop looming over the annual event for the first time in decades. Chiefs of the US Federal Reserve and the Bank of England will deliver remarks that will be closely watched by investors for clues on how [...]
Five million pounds of Banksy art is now free to see in the City August 25, 2022 Walking into the Banksy exhibition at the new Red Eight Gallery at The Royal Exchange, the first artwork you’ll see is Morons, a depiction of an auction room upon which Banksy has scrawled: “I can’t believe you morons buy this shit.” Let’s just get this out of the way first: it’s blazingly ironic to host [...]
Ed Warner: Does society have a responsibility to retiring athletes? August 25, 2022 We may be just days away from seeing the last of Serena Williams in competitive tennis. The US Open, which starts next week, is marked out as the retirement party for the greatest tennis star of the modern era. At 40 years old, she’s late to step away from elite sport and does so with [...]
Government is ‘running out of time’ to save British households from energy crisis August 25, 2022 The government is “running out of time” to save businesses and households from the inflation crisis, one of the country’s largest business groups has warned today. Policymakers should be launching measures now to shield Britons from the looming long recession, the British Chambers of Commerce (BCC) said today. The BCC has written to chancellor Nadhim [...]
London’s FTSE 100 edges lower ahead of Jackson Hole August 24, 2022 London’s FTSE 100 edged lower today driven by investors fretting over how stern central bankers will be with tackling inflation. The capital’s premier index dropped 0.22 per cent to 7,471.51 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, inched down 0.01 per cent to [...]
Which UK shares should you keep an eye on in September 2022 August 24, 2022 As Citi predicts UK inflation will strike a forbidding 18.6% in early 2023, investors are rushing to rebalance their portfolios away from unsustainable growth towards the best UK shares, including FRP Advisory Group, QinetiQ, and Phoenix Group. UK shares to buy With interest rates rising with the risk of corporate defaults, the twin signposts of liquidity and [...]
Sharpening inflation concerns weigh on FTSE 100 retailers August 23, 2022 Sharpening concerns over high inflation triggering a slowdown in consumer spending weighed on London markets today. The capital’s premier FTSE 100 index dropped 0.61 per cent to 7,488.11 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.99 per cent to 19,306.89 points. Retailers [...]
Inflation surge pushes UK economy to edge of stagnation August 23, 2022 Brits reining in spending amid a historic inflation surge has steered the UK economy to the edge of “stagnation,” a closely watched survey released today shows. S&P Global’s flash composite purchasing managers’ index (PMI), which measures activity across the private sector, dropped to 50.9 this month, down from 52.1 in July. The figures indicate “the [...]
Inflation fears return to haunt FTSE 100 as City eyes Jackson Hole August 22, 2022 London markets today started the week in risk-off fashion as investors brace for the annual meeting of central bankers at Jackson Hole and fretted over high inflation. The capital’s premier FTSE 100 index dropped 0.22 per cent to 7,533.79 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]