European inflation falls quicker than expected but recession fears will weigh on likely ECB rate hikes January 6, 2023 Inflation in Europe is falling faster than expected, but there are signs the worldwide price surge that is set to bring on a global recession may not be finished just yet, official figures out today reveal. A flash estimate by stats agency Eurostat for the rate of price increases in the eurozone came in at [...]
Gianluca Vialli dead at 58: Ex Italy, Chelsea and Juve star passed after battle with cancer January 6, 2023 Former Italy, Juventus and Chelsea striker Gianluca Vialli has died aged 58 following a lengthy battle with pancreatic cancer, the Italian Football Federation has announced. Vialli, who went on to enjoy huge success as Chelsea manager following his glittering playing career, was first diagnosed with pancreatic cancer in 2017 and announced he had been given the all-clear [...]
Pound sterling: 2023 could be another torrid year as it tumbles to November low against US dollar January 6, 2023 The pound has tumbled to its lowest level against the US dollar since November, pushed down by investors on both sides of the Atlantic betting the Federal Reserve will keep raising interest rates aggressively this year. The currency dropped a shade over 0.2 per cent to $1.19 this morning, leaving it trading at pre-Christmas levels. [...]
Pubs: As record number predicted to go bust in 2023 hospitality guru urges gov to lift sector from ‘the abyss’ January 6, 2023 A record number of pubs, clubs and restaurants could go to the wall this year without more support, warned a leading industry voice.
Putin’s 36-hour Ukraine truce will ‘do nothing’ for peace, James Cleverly warns January 6, 2023 Vladimir Putin’s plans for a 36-hour ceasefire in Ukraine over the Russian Orthodox Christmas holiday period will “do nothing to advance the prospects for peace”, the UK’s Foreign Secretary has said. Russia’s President Putin has ordered Moscow’s armed forces to observe the 36-hour ceasefire in Ukraine this weekend, when the Russian Orthodox Church, which uses [...]
Sunshine Saturday: Holiday bookings soar as Brits rush to get best deal amid cost-of-living squeeze January 6, 2023 Holiday bookings are set to skyrocket this Saturday as thousands of Brits rush to get the best deal amid the cost-of-living crisis. Figures published today by tour operator trade body ABTA show 61 per cent of people are planning to have a holiday abroad this year. Of those, 31 per cent say they want to [...]
RAC calls on Tesco and others to cut fuel prices as costs fall January 6, 2023 The RAC has called on Big Four supermarkets such as Tesco to further cut fuel prices as diesel and petrol prices fell by around 9 per cent in December. Data published today by the motoring group show that petrol went down by 8.4p to 151.1p per litre in December, whilst diesel decreased by 9.4p to [...]
New year’s resolution to start a business? You’re not the only one, it seems January 6, 2023 The number of new businesses being set up is expected to surge today as the New Year spirit bolsters Brits to hold true on resolutions. According to data from Virgin Startup, the first Friday of January is a peak time for entrepreneurs to begin their start-up journeys thanks to New Year’s resolutions and the increased [...]
Next boss Lord Wolfson: London’s High Streets had ‘more to worry about’ four years ago despite loss of brands like Topshop January 5, 2023 Next boss Lord Wolfson has “less reason to worry about the high street” compared to a few years ago, on the tail of a slew of household names shuttering. Physical retail was in a less concerning position than in recent years, when a switch to online shopping signalled a death knell for many staple retailers, [...]
Odeon sees Christmas boom as Avatar 2 lures Brits back to the big screen January 5, 2023 Odeon, the UK’s largest cinema chain, welcomed over a million viewers during Christmas thanks to the much anticipated Avatar sequel. Cinemas in the UK have started 2023 on a high note after two rough years, according to new numbers released by Odeon. The return of viewers to the big screen was credited to the release [...]