Storm Arwen: Heavy snow writes off Burnley v Tottenham Hotspur Premier League match November 28, 2021 Today’s scheduled Premier League match between Burnley and Tottenham Hotspur has been called off due to heavy snow related to Storm Arwen. The game at Turf Moor was due to kick off at 2pm but the decision to postpone the fixture was announced 50 minute beforehand. “In these conditions it is not football. I want [...]
BoE chief concerned over El Salvador use of Bitcoin as legal tender November 27, 2021 Andrew Bailey, governor of the Bank of England, said El Salvador’s decision to adopt Bitcoin as an official currency was concerning.
Foundations laid for rate hike, signals Bank of England chief economist November 26, 2021 The Bank of England’s chief economist has given one of the strongest signals yet that the Old Lady will hike interest rates next month. Huw Pill, Threadneedle Street’s chief wonk, told the Confederation of British Industry’s (CBI) annual conference today that “the ground has now been prepared for policy action”. Pill highlighted a string of [...]
Why consistency matters November 24, 2021 Despite an eventful decade that has proved unsettling for markets, The Henderson Smaller Companies Investment Trust has consistently outperformed its benchmark by looking through the noise and sticking to its tried and tested investment process. In this article, Neil Hermon, Portfolio Manager of the Henderson Smaller Companies Investment Trust, explores moments that have defined the [...]
Record level of UK factories intend to hike prices November 24, 2021 UK factories are bracing to hike prices to offset a margin assault caused by supply chain breakdowns, according to new figures released today. Over three thirds of British manufacturers are intending to raise prices, the highest proportion since the Confederation of British Industry (CBI), who produce the figures, started tracking the data in 1977. Global [...]
Banks could lose out on a fifth of deposits under Britcoin proposals – BoE November 23, 2021 The Bank of England has today admitted that commercial banks will be hit hard by plans for a digital pound backed by central bank reserves.
Bank of England governor Bailey rebuffs crypto ‘stablecoins’ as form of safe money November 23, 2021 The governor of the Bank of England has slapped down claims that volatile crypto “stablecoins” could develop into a form of safe money. Speaking today in response to a grilling by members of the House of Lords, Andrew Bailey swatted away insistence from the crypto community that stablecoins are a better alternative to central bank [...]
Bets against pound mount after Bank of England rate inertia November 23, 2021 Traders are strengthening their stance against the pound after the Bank of England scuppered City bets on a first rate hike in three years this month. Short bets – in which traders borrow assets and sell them expecting to make a profit in the future after their price falls – have mounted to around £2bn, [...]
PMI: UK businesses buckle under weight of record cost rises as City strengthens BoE rate hike bets November 23, 2021 UK businesses are buckling under the weight of costs swelling at the fastest pace on record, according to a closely watched survey released today. A toxic combination of supply chains wilting, demand for goods and raw materials running red-hot and crippling worker shortages have propelled businesses’ costs. The November increase in average cost burdens was [...]
BoE governor says cash is disappearing as he makes case for Britcoin November 22, 2021 A central bank bigwig has said that the disappearance of cash underpins the case for a central bank issued digital currency (CBDC).