Sport rights set for devaluation as the industry reaches its Napster moment November 2, 2020 Alongside all the other ways Covid has disrupted our economy and lives, it might be set to have a dramatic impact on the value of sport rights. Some 83 per cent of executives, representing 4bn sports fans globally, believe that media rights have reached a high-water mark, a recent Seven League study found. These executives [...]
UK inflation climbs to 0.5 per cent after Eat Out to Help Out scheme ends October 21, 2020 UK inflation climbed to 0.5 per cent last month as restaurants and cafes hiked their prices following the end of the Eat Out to Help Out scheme. The headline rate of inflation on the ONS consumer price index (CPI), which tracks the prices of goods and services, came in at 0.5 per cent in September, [...]
The answer to Britain’s housing crisis is more houses – not risky mortgages October 11, 2020 Housing experts were left scratching their heads this week after Prime Minister Boris Johnson announced his flagship policy to get young people on the housing ladder: bigger mortgages. Johnson plans to turn “generation rent” into “generation buy” by offering long-term, fixed-rate mortgages of up to 95 per cent of the value of the home. He [...]
Restaurant sales buoyed by Eat Out to Help Out legacy September 18, 2020 Restaurants continued to enjoy some of the benefits of the Eat Out to Help Out scheme this month as customers felt more comfortable going out for a meal. Diners spent 14 per cent more in restaurants in the first week of September than they did the same week last year after August’s discount scheme gave [...]
Bitcoin slides to $10,000. Is the party over? September 8, 2020 In typical bitcoin-fashion, the number one crypto retained its commitment to spontaneity as the crypto market seemingly took a turn for the worst. However, given the macro-bull trend, could one reasonably expect a corrective move to be short-lived? Another bitcoin rug-pull Since the local high on the 17th of August, bitcoin experienced a level of [...]
Prices fall as retailers ramp up discounting to entice shoppers September 2, 2020 Shop prices fell in August as retailers continued to offer discounts in a bid to entice shoppers back onto high streets. Prices fell 1.6 per cent last month, compared to a drop of 1.3 per cent in July, driven by a decline in non-food prices which were down 3.4 per cent. Retailers have slashed prices [...]
FTSE 100 and US stocks soar on coronavirus treatment hopes August 24, 2020 The FTSE 100 jumped and US stocks hit fresh highs after the US authorised a new coronavirus treatment, lifting the mood among global investors. London’s blue-chip index rose 1.7 per cent to close at 6,104 points. The FTSE 250 index of mid-cap firms rose 0.6 per cent. Read more: Asian stocks climb after Wall Street [...]
US stocks open higher as Wall Street eyes more records August 19, 2020 Wall Street opened higher on Wednesday and looks to be heading for another day of new all-time records. The S&P 500 closed at an all-time high yesterday after recovering all of the losses suffered during the coronavirus crash and was up once again on Wednesday morning by a further 0.28 per cent to 3,399 points. [...]
UK inflation unexpectedly rises on oil prices and clothes shopping August 19, 2020 UK inflation jumped unexpectedly to one per cent in July from 0.6 per cent in June amid a surge in global energy prices and increased retail activity, the Office for National Statistics (ONS) has said. The consumer price index inflation reading was the highest since March and markedly higher than the 0.6 per cent analysts [...]
BRC: Retailers ease discounting in July as lockdown relaxed July 29, 2020 British retailers discounted their goods less in July than the month before, after consumer demand picked up in many sectors as coronavirus lockdown restrictions eased, data from the British Retail Consortium (BRC) showed today. Average shop prices in July were 1.3 per cent lower than a year before, compared with 1.6 per cent lower in [...]