US inflation under shoot boosts London’s FTSE 100 and Wall Street August 10, 2022 City traders today were boosted by signs of inflation cooling in the world’s biggest economy sparking a rally on Wall Street. London’s premier FTSE 100 index climbed 0.25 per cent to 7,507.11 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, surged nearly two per [...]
US inflation cools quicker than expected in sign Fed’s rate hikes are quashing prices August 10, 2022 US inflation is cooling much quicker than experts are betting in a sign the Federal Reserve’s series of steep rate hikes are quashing price pressures. Prices climbed 8.5 per cent annually in the world’s biggest economy last month, down from a 40-year high of 9.1 per cent, the US Labor Department said today. Wall Street [...]
Cliffhanger elections in Kenya: Establishment candidate Odinga widens lead over ‘Hustler’ Ruto August 10, 2022 Millions of Kenyans are glued to their TV screens and mobile phones today as an extremely close race is unfolding between the two main candidates for the presidency. Opposition leader Raila Odinga, who is backed by the outgoing president and seen as the establishment candidate, faces deputy president William Ruto, who styles himself as an [...]
Johnson ‘certain’ next PM will give autumn cost of living help August 9, 2022 Boris Johnson has said he is “certain” the next Prime Minister will provide cost of living help this autumn and claimed the UK has “the fiscal firepower and the headroom to continue to look after people”. Johnson today said during a ceremony in the Downing Street garden that extra help is “absolutely vital” now that [...]
Soft earnings weigh on London’s FTSE 100 as IWG slumps 12 per cent August 9, 2022 Weak results from the UK’s largest companies amid the quieter summer period weighed on market sentiment in the City today. The capital’s premier FTSE 100 index squeezed out a small gain of 0.08 per cent to close at 7,488.15 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]
US inflation shock may force Fed to launch one percentage point rate hike August 9, 2022 A scorching set of new US inflation numbers released tomorrow could force the Federal Reserve to hike interest rates by the steepest amount in recent history, Wall Street analysts are betting. Fed chief Jerome Powell and co have already had to hike the world’s most important interest rate by 225 basis points since March, the [...]
Today’s elections in Kenya: Meet Esther Passaris, not your average Nairobi household name August 9, 2022 It’s D-Day in Kenya as the country is holding its biggest election in years today. Polls opened at 7am this morning for more than 22m registered voters, who will today endorse their favourite candidates in 46,232 polling stations across the country. All eyes are on the top job, with outgoing President Jomo Kenyatta leaving government [...]
Voting underway in Kenya: East Africa braces itself as fierce battle between Raila and Ruto reaches climax August 9, 2022 NAIROBI – It’s D-Day in Kenya: after two years of campaigning, planning and plotting, voting is underway. where an opposition leader backed by the outgoing premier faces the deputy president who styles himself as the outsider and a “hustler”. Polls across the country opened at 6am local time this morning, with more than 22m registered [...]
Why Devon’s Salcombe is the new hotspot for holidaying Londoners August 8, 2022 Apparently there’s been a raft of Londoners arriving in Salcombe absolutely fuming. Their Chelsea Tractors have been getting stuck down Devon’s tiny roads, and even the most expensive sat-navs are flummoxed by the windy-windy routes. What’s caused the spike in first-time visitors that seem to be getting lost, and were they aware before they set [...]
Joules confirms talks with Next about retail giant acquiring £15m minority stake August 8, 2022 Joules has confirmed weekend speculation that Next is set to acquire a minority stake in the lifestyle retailer for around £15m. Sky News reported at the weekend that the high street staple had been in talks with Joules for several weeks over a deal. Now, Joules has confirmed these discussions are taking place, with talks [...]