The City View: Victoria Scholar on rising prices, unemployment and retail sales data; and XR cause Lloyd’s of London HQ shutdown April 12, 2022 Today Andy Silvester talks to Victoria Scholar, Head of Investment at Interactive Investor. They go through some of the week’s economics data on GDP, unemployment, retail sales, and talk trading updates. They discuss the latest from ASOS, Deliveroo, and EasyJet: ASOS is facing a raft of headwinds, as investors lose confidence in the online retailer; [...]
Tories in turmoil as Johnson and Sunak fined by Met police for lockdown-busting parties April 12, 2022 Boris Johnson and Rishi Sunak have been given police fines for attending Covid lockdown-busting parties, with pressure set to come on the Prime Minister and chancellor to resign immediately for breaking the law. Downing Street has confirmed the pair, along with Carrie Johnson, will be given Fixed Penalty Notices (FPN) by the Metropolitan Police as [...]
Partygate fines: Bookies slash odds for Boris Johnson to go as PM, Rishi Sunak to succeed him April 12, 2022 Bookies have cut odds for Boris Johnson to leave Number 10 and Rishi Sunak’s bid to succeed him, after they were both fined over partygate. The Prime Minister and Chancellor have come under renewed pressure today after the Metropolitan Police announced duo were issued with fixed penalty notices for lockdown breaches. Betting giant Ladbrokes slashed [...]
Stateside inflation roars to highest rate since Christmas 1981 April 12, 2022 Stateside inflation has roared to its steepest level since Christmas 1981 in a sign of darker times to come for UK households, reveals official figures released today. Prices are 8.5 per cent higher than they were a year ago in the US, according to the US Bureau of Labor Statistics. The damning figures strengthen the [...]
Partygate: Met issues another 30 fines as police probe continues April 12, 2022 The Metropolitan Police has issued at least another 30 fines for breaches of Covid-19 rules in Downing Street and Whitehall as the police investigation into the partygate scandal continues. More than 50 fixed penalty notices have now been handed out to government employees that attended parties or social gatherings while England was under strict Covid [...]
Asos swings to loss as fashion giant warns shoppers may cut back on purchases April 12, 2022 Online fashion giant Asos has said it was hammered by reduced stock availability as it posted a £15.8m pre-tax loss for the six months to the end of February. The company cited “industry-wide supply chain constraints impacting stock availability and ongoing Covid-19 restrictions.” In half year results on Tuesday, the retailer posted four per cent [...]
Blunt Nadine Dorries lashes out at Channel 4: ‘Drop the lazy leftie rhetoric because your salad days are in the past’ April 11, 2022 Nadine Dorries has lashed out at Channel 4, saying the broadcaster’s “salad days are in the past”. The culture secretary took to Twitter to knock heads with TV presenter Kirstie Allsopp over the privatisation of the channel. The pair exchanged messages on Twitter after an opinion piece by Ms Dorries was published in the Mail [...]
Ineos chief Sir Jim Ratcliffe urges Kwasi Kwarteng to approve fracking test site April 11, 2022 Billionaire industrialist Sir Jim Ratcliffe has asked Business Secretary Kwasi Kwarteng for permission to drill a shale test site.
Travel Chaos: Extinction Rebellion blocks Lambeth and Vauxhall bridges April 10, 2022 Activists from the green campaign group Extinction Rebellion are blocking two of the key travel arteries across London.
Sunak considered resigning over his wife’s non-domicile tax status April 10, 2022 Rishi Sunak considered resigning as chancellor last week amid a torrent of stories about his wife having non-domicile tax status in the UK, it has been revealed. It was reported by The Independent last week that Sunak’s wife Akshata Murthy, who is worth around £700m personally and is the heiress to a £3.5bn fortune, was [...]