US dollar this year has become the only asset in town September 20, 2022 Investors have had an insatiable appetite for US dollars this year. According to the Wall Street Journal’s dollar index, which measures the greenback against a basket of some of the world’s top currencies, the dollar is its strongest for over a decade. One dollar will buy you the greatest amount of Japanese yen since the [...]
Countries must work together more to meet climate goals, warns IEA September 20, 2022 Global net zero carbon targets could be delayed by decades without more collaboration between countries, warned the IEA.
Liz Truss to jet off to New York for her first UN General Assembly September 19, 2022 Liz Truss will tonight fly to New York to attend her first United Nations General Assembly session as Prime Minister, just hours after attending the Queen’s committal service at Windsor Castle. Truss will hold a series of bilateral meetings with other world leaders at the diplomatic gathering, including with US President Joe Biden on Wednesday. [...]
Federal Reserve and Bank of England set to tighten policy once again this week September 19, 2022 The US Federal Reserve and the Bank of England this week are set to hike interest rates steeply again in a bid to chase down scorching inflation, investors are betting. The two central banks are expected to look through recession fears and continue their fight against historic price rises. Despite inflation dropping to 8.3 per [...]
Weekend exclusive: Challenger banks stifled by excessive regulation, warns OakNorth chief September 17, 2022 UK challenger banks are being bogged down by a need to jump through the same regulatory hoops as their larger high street rivals, the chief of digital lender OakNorth said today.
Exclusive: UK retailers should copy TfL or they miss out on advertising cash, argues City bigwig September 15, 2022 Are UK retailers missing a valuable opportunity to earn money from advertising? A City insider thinks most big brands do, as he urges the High Street’s biggest names to look at TfL and copy their model by rolling out a retail media network. So-called retail media networks are one of the hottest emerging trends in [...]
Mike Leigh: ‘The Queen dying is emotional but King Charles? That’s another matter’ September 15, 2022 For a man seven-times Oscar nominated for films about so-called ‘ordinary’ people, Mike Leigh certainly plays the part. We meet outside the newly opened Garden Cinema, but there’s no blacked-out car to deliver perhaps Britain’s most famous living director. Instead, Leigh appears from around a street corner, alone, clasping a folded chair under arm. If [...]
London’s FTSE 100 dips after weaker than expected UK inflation September 14, 2022 London’s FTSE 100 dripped lower today after fresh figures revealed UK inflation is cooling. The capital’s premier index tumbled 1.47 per cent to 7,277.30 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 1.66 per cent to below the 19,000 point mark. Traders were [...]
Number 10 looks to shorten parliament’s party conference recess September 14, 2022 Number 10 is looking at shortening parliament’s recess for party conference season in a bid to provide more time to pass key legislation. There are plans to make MPs sit for parliament for a day longer next week, before party conferenece season begins, to ensure chancellor Kwasi Kwarteng can deliver a mini-budget. Parliament may also [...]
Shares dive for Joules after stake acquisition talks with Next called off September 14, 2022 Joules’ shares have been further subdued after it confirmed it is no longer in discussions with Next acquiring an equity stake in the lifestyle group. The ailing retailer’s share price was down around twelve per cent in early afternoon trading on Wednesday, following an announcement the day before. Shares were down by 33 per cent [...]