Is the bottom in? Markets rally following festive slump January 2, 2023 The colour of the crypto markets returned to shades of green this morning after spending much of the holiday season sporting a red hue.
Drivers urged to plan ahead for new year journeys as strikes hit highways January 1, 2023 National Highways is urging motorists to plan ahead for journeys in the new year amid another strike by some of its workers as traffic levels return to normal after the Christmas break. Members of the Public and Commercial Services union (PCS) are planning a national walkout on January 3 and 4 – the first working [...]
Next: Fashion chain starts January sales early ahead of update January 1, 2023 Fashion chain Next is set to shine a light on the health of the retail sector in the aftermath of the “crucial” Christmas shopping period. Investors will be closely watching the clothing and homeware giant’s trading update on Thursday for detail on its sales figures over the festive season. In August, chief executive Lord Wolfson [...]
London house prices: How bad will the crash be in the 2023 recession? January 1, 2023 London house prices are expected to fall this year as interest rates rise and the recession bites – but will it be a small slide or a full-blown crash? Property experts are torn A housing market cooldown is expected in 2023 but prices will remain higher than before the coronavirus pandemic started, experts have suggested. [...]
Wine merchants to check out in 2023 for budding oenophiles December 31, 2022 If you got a special bottle for Christmas and want to learn more, or have simply decided that this is the year you finally become a wine expert, we know some merchants who will gladly help. The UK has some of the best fine wine merchants and specialists in the world. We asked some to [...]
Not-so-happy New Year: Hospitality bosses expect weaker trade due to strikes December 30, 2022 Hospitality leaders say venues could see weaker trade over the key New Year period after sales were knocked by strike action. But there are signs for optimism amid more bookings and strong demand over the festive period for other areas of the sector. The Night Time Industries Association, which has more than 1,400 members including [...]
In memoriam: The Queen, Pele, Shane Warne, business leaders and celebs who died in 2022 December 30, 2022 The death of Her Majesty the Queen punctuated a year dominated by economic turmoil, the Russian invasion of Ukraine and political upheaval. As 2022 winds down, it’s time to reflect on those who passed on, from the world of politics, sport, entertainment and, business. Queen Elizabeth’s death aged 96 after more than 70 years on [...]
Pele dead aged 82 December 29, 2022 Brazil great Pele has died at the age of 82. The three-time World Cup winner had been in hospital in Sao Paulo since late November. Pele’s daughter Kely Nascimento wrote on Instagram: “We are thanks to you. We love you infinitely. Rest in peace.” Nascimento, who had posted before Christmas that members of Pele’s family [...]
Mining and retail stocks push FTSE 100 into the green after Christmas shopping boost December 29, 2022 The FTSE 100 has been given a boost by its top retail stocks as investors cashed in on the post-Christmas sales shopping, and as China is set to ease its Covid restrictions for inbound travellers from January 8. Among the top performers on London’s leading index on Wednesday were JD Sports Fashion, Next, Kingfisher and [...]
S&P 500 set for worst year since 2008 as US stocks slide again December 29, 2022 A broad slide for stocks added to Wall Street’s recent losses on Wednesday, as investors count down to the end of the worst year for the S&P 500 since 2008. The S&P 500 fell 1.2 per cent , with technology, energy and industrial stocks among the biggest weights on the benchmark index. The tech-heavy Nasdaq [...]