UK inflation overshoots forecasts in cost of living warning January 21, 2026 Inflation overshot forecasts pencilled in by economists, sending the Bank of England a warning on their steady pace of interest rate cuts. New data published by the Office for National Statistics (ONS) has shown consumer price index (CPI) inflation, the headline measure for price growth, hitting 3.4 per cent in the year to December. Economists [...]
FTSE 100 Live: Trump to rock davos; Stocks dip after inflation January 21, 2026 Good morning and welcome back to the City AM liveblog. Inflation spiked above expectations this morning, coming in at 3.4 per cent, according to fresh figures from the Office for National Statistics (ONS). This soared above a poll of economists by Bloomberg expecting 3.3 per cent. “Inflation ticked up a little in December, driven partly [...]
London fintech Guavapay founder quits ahead of Mastercard court battle January 21, 2026 The founder of London fintech Guavapay has resigned as a director as the firm gears up for a court case brought by payments giant Mastercard. Azerbaijani entrepreneur and Russian university graduate Orkhan Nasibov, who launched the company in 2017, has stepped back from his role at the helm of the company due to “fatigue and [...]
Gowel Hy on the list to land another Cleeve crown January 20, 2026 CHELTENHAM Trials Day on Saturday provides a chance to see some of the stars that could be on show at the Festival in March. Not many shine brighter than Sir Gino, who returned with a bang in the Christmas Hurdle and now faces a fascinating clash with last year’s Turner’s Novices’ Hurdle winner, The New [...]
Spindleberry’s a ripe pick for historic Gold Cup double January 20, 2026 PRIOR to the Cheltenham Festival, we’ve got the small matter of the Dublin Racing Festival in little over a week’s time, which brings two days of top-quality action from Leopardstown. The headline of the weekend is undoubtedly the Irish Gold Cup, where Galopin Des Champs will be looking to make it four successive victories in [...]
Knoops to open first US store as international expansion gathers pace January 20, 2026 Knoops is gearing up to open its first US store as the chocolate drinks brand’s international expansion gathers pace. The London-based business said it will open a store in Utah in April as part of plans to have over 160 locations in the US over the next six years. Knoops, which was founded in Sussex [...]
Inflation expected to inch back up due to travel rush January 19, 2026 Inflation is expected to edge back up as higher airfares and tobacco prices are squeezing British families’ budgets and adding to pressures on the cost of living. A Bloomberg poll of economists has predicted consumer price index (CPI) inflation to hit 3.3 per cent rate for the year to December, which would be higher than [...]
Donald Trump won’t annex Greenland – this is part of his standard playbook January 19, 2026 Trump has a standard political playbook, and his Greenland threats are right on script, writes ex-US Embassy specialist Michael Martins.
Wetherspoon to reveal Christmas trading amid challenging backdrop for pubs January 18, 2026 Pub giant JD Wetherspoon is set to shed light on how its customers fared over the key Christmas period amid a backdrop of rising costs for the sector. The value pub chain, which runs around 800 venues across the UK, will become the latest firm to reveal its latest trading performance when it updates shareholders [...]
UK inflation faces December bump from travel and food costs January 18, 2026 UK inflation may have edged higher at the end of last year, with Christmas travel and higher duties pushing up prices, economists have warned. Several forecasters expect the Consumer Prices Index (CPI) to have ticked up in December after falling sharply in November. Economists at Pantheon Macroeconomics say they expect inflation to rise to 3.3 [...]