Investment giants batten down the hatches as inflation soars May 6, 2022 Investment giants are braced for rampant inflation and an extended period of rate hikes after the Bank of England warned yesterday the economy is at risk of sliding into recession this year.
Connecting communities and keeping the customer satisfied May 6, 2022 When it comes to keeping the customer satisfied, Retail FSL has got it down to a tee. Afterall in part it owes its very existence to customer encouragement. The company’s founder Andrew Martin left the demanding world of corporate life where he’d had senior roles, including leading G4S operations in UK and Ireland, for a [...]
Consumer watchdog urges energy users to boost energy efficiency to drive down household bills May 5, 2022 Uswitch.com has called on households to focus on energy efficiency and ramping up insulation to ease the pressure of rising energy bills.
The City View: Bank of England hike rates once more May 5, 2022 Today Andy Silvester talks to Jack Barnett, City A.M.’s Economics and Markets reporter. Together they go through the thinking behind the Bank of England’s 25 basis point rate rise earlier today, which brought the UK’s interest rate to 1%. They take a look at the Bank’s forecasts, and explain why a recession is almost inevitable. [...]
New Sports Direct boss asserts Mike Ashley is ‘not pulling the strings’ amid of price increase warning May 5, 2022 Sports Direct’s new chief has asserted that the retailer’s former boss and his future father-in-law is “not pulling the strings.” In his first interview since stepping into Mike Ashley’s shoes as chief executive of Frasers Group, Michael Murray warned prices would likely go up. The high street titan was facing headwinds “going through the roof,” [...]
Verdict: Bank of England to keep hiking rates to chase historic inflation spike May 5, 2022 The Bank of England will keep hiking interest rates this year in a bid to chase down the highest inflation crunch since the early 1980s. That’s according to City economists, business groups and think tanks who took today’s decision to lift borrowing costs to their highest level since 2009 as a sign of things to [...]
Japan to sign historic defence pact with UK as PM Kishida woos London business leaders May 5, 2022 A new defence pact in the Pacific and post-Brexit trade are high on the agenda, as Japan’s prime minister meets his UK counterpart today. Fumio Kishida and Boris Johnson are set to sign off on an agreement which allows British and Japanese forces to deploy together, against the backdrop of war in Ukraine. The deal [...]
D-Day for Boris Johnson and Keir Starmer as polls are now open: All you need to know about the 2022 local elections May 5, 2022 Millions of Brits around the country will go to the polls todayfor the 2022 local elections. Voters will be choosing local representatives in England, Scotland and Wales and there will also be an election for the Northern Ireland Assembly. Polling stations have just opened and close at 10pm. When will the results be announced? After [...]
Offshore wind primed to benefit from investment boom and energy transition May 5, 2022 Offshore wind is set to benefit from the most from upcoming UK investments to ramp up domestic energy production.
Sales boost for Next as shoppers take back to the high street May 5, 2022 High street giant Next saw a boost in sales in the first quarter of the year it continues to feel the lift of stores reopening after covid lockdowns.