London’s FTSE 100 boosted by Truss trampled stocks regaining ground after Sunak victory October 24, 2022 London’s FTSE 100 today was lifted by stocks that have suffered during the last month’s financial market turmoil regaining losses. The capital’s premier index closed 0.64 per cent higher at 7,013.99 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, rose 0.76 per cent to [...]
UK borrowing costs fall after Sunak wins race to No 10 October 24, 2022 UK borrowing costs fell sharply today after former chancellor Rishi Sunak seized the keys to Number 10 following leadership contender Penny Mordaunt’s withdrawal. Yields on the 10-year gilt fell around 30 basis points today to below four per cent. Yields and prices move inversely. They had been falling in early morning trading after Boris Johnson [...]
Portland Oregon is the best of the West Coast – and a new direct flight makes visiting easy October 24, 2022 Portland Oregon is your new West Coast city visit, thanks to a new direct British Airways flight route
Political and economic uncertainty pushes retail footfall down by 2.3 per cent October 24, 2022 Political uncertainty and economic instability contributed to a dip in retail footfall, with high streets being hit the hardest. Across the UK as a whole, there was a marked decline in footfall for retailers by 2.3 per cent last week, New figures from Springboard show. The data shows in the three retail sectors, high streets, [...]
This is a global, not a UK specific, economic slowdown October 24, 2022 Much attention has been devoted to the comings and goings at Number 10 Downing Street and the ailing economy in recent weeks, but the UK is not alone in wilting under the weight of soaring prices and interest rates. The eurozone economy, made up of the 19 countries that use the euro, is on course [...]
Boris Johnson can win elections, but he never knew what to do once he did October 24, 2022 It also reduces politics to its bones as a mere transaction, with retaining office the only objective.
To win over the bond market, it has to be Dishy Rishi October 23, 2022 Tim Martin is the CEO of JD Wetherspoon In selecting the next Prime Minister, MPs need to bear in mind that the terrible twins, the bond market and inflation, feeling increasingly disrespected by central bankers and politicians , are angry and emotional – and are watching their every move. The mere revelation on Friday that [...]
Advertising cuts continue to sting Snapchat October 21, 2022 Snapchat’s growth continued to plateau this quarter as the advertising slump continues for the social media company. Falling well below most Wall Street estimates, Snap’s said revenue climbed a humble six per cent to $1,13bn, while net losses widened from $72m to $360m. Adjusted earnings before interest, taxes, depreciation, and amortisation was $73m, compared to [...]
Blues cruise: How Potter’s serene start could prove pivotal for Chelsea October 21, 2022 It has been six weeks since two 47-year-olds took on the biggest jobs of their careers and it’s fair to say that it has gone better for Graham Potter than Liz Truss. While Truss was forced out of Downing Street after 44 catastrophic days as Prime Minster, new Chelsea manager Potter has enjoyed a serene [...]
Retail sales volume fall to 1.3 per cent lower than pre-covid levels as cost of living bites October 21, 2022 Retail sales volumes have plummeted to 1.3 per cent lower than pre-coronavirus levels as rising prices and the cost of living continues to bite. Latest figures from the Office for National Statistics show sales volume on the high street were down by 1.4 per cent in September, though data was impacted by a bank holiday [...]