London markets jump on industrials rally January 12, 2022 London markets jumped today driven higher by a strong rally among industrial stocks. The capital’s premier FTSE 100 index closed 0.81 per cent higher at 7,551.72 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, squeezed out 0.08 per cent of gains to reach 23,047.16 points. [...]
IEA accuses Russia of putting pressure on Europe’s gas supplies January 12, 2022 The head of the International Energy Agency has slammed Russia, accusing the country of putting pressure on gas supplies to Europe.
Brits’ experience of previous Covid-19 curbs to quash Omicron GDP hit January 12, 2022 Brits’ resilience and ability to rapidly adapt in the face of soaring Covid-19 infections will insulate the UK economy from the Omicron variant, according to City economists. Experience of previous periods of curbs on daily life implemented by the UK government to tamp down on transmissions has resulted in businesses and consumers being able to [...]
Pret A Manger boosts pay for staff in £9.2m investment January 12, 2022 Sandwich chain Pret A Manger has hiked pay for staff to above £10 an hour, in what it has called its biggest ever pay increase. In a £9.2m investment, some 8,000 staff members in the UK are set to see pay increase from a baseline of £9.40-9.56, to up to £10.15 per hour. Baristas will [...]
All eyes on PMQs as Boris Johnson’s premiership is ‘hanging by a thread’ January 12, 2022 Boris Johnson’s premiership is hanging by a thread today, as angry Tory MPs and outraged Brits await Prime Minister’s Questions to see whether he will come clean over a party during lockdown. Reports that Johnson and his then fiancé Carrie Symonds attended a “bring your own booze” party in the No 10 garden during lockdown [...]
Where is Boris? No 10 eerily quiet as resignation calls grow over ‘bring your own booze’ party but Johnson ignores demands to come clean January 12, 2022 The Prime Minister is facing an increasingly hostile and outraged Conservative Party as he will meet with MPs today amid furious demands to come clean over his attendance at a reported “bring your own booze” party in the No 10 garden in breach of Covid lockdown rules. Boris Johnson will make his first public appearance [...]
Topps Tiles lays foundations for ‘sustainable growth’ as sales up 21 per cent in Christmas rush January 12, 2022 Topps Tiles announced a confident outlook in this morning’s trading update for the 13-week period ended 1 January, with like-for-like sales on a two-year basis up 21 per cent.
JD Sports expects to beat profit expectations following Black Friday and Christmas sales January 12, 2022 JD Sports expects full-year profits to beat expectations following improved trading performance over Black Friday and Christmas.
Premier Inn owner Whitbread gets serious Omicron beating over Christmas as new investments are postponed January 12, 2022 Premier Inn owner Whitbread has revealed a knock to demand over the festive season from the spread of the Omicron variant and cautioned over rising costs. The group saw total UK sales drop 4.4 per cent year-on-year in the six weeks to January 6, dragged lower by a 17.2 per cent slump in food and [...]
A very merry Christmas: Sainsbury’s upgrades full year profits to £720m thanks to retail boom January 12, 2022 Sainsbury’s has reported a very merry Christmas this morning, upgrading its pre-tax profits for the full year to £720m.