Deliveroo posts growth in Q3 despite tough consumer environment October 21, 2022 Deliveroo continued to benefit from stable growth in the third quarter of the year, as it looked to expanding its offering across the UK and Middle East. The fast-food delivery giant had year-in-year growth in Q3 with gross transaction value (GTV) per order up six per cent, despite orders being down one per cent, driven [...]
Chaos has made it easy for Labour, but there is an uphill battle to repair the damage October 21, 2022 The chaos of the past 44 days will force Starmer to set aside the schemes of socialists and the dreams of liberals, and instead do the work the Tories have ignored.
Truss mini-budget boosts Brits’ confidence as experts warn against austerity 2.0 October 21, 2022 Brits’ confidence in their finances and the economy bumped higher in the aftermath of former prime minister Liz Truss’s mini-budget, a closely watched survey published today reveals. Consumer confidence rose for the first time since last November this month, up to minus 47 from a record low minus 49, according to research firm GfK. Optimism [...]
Can anyone survive the cacophony of politics by Twitter and Whatsapp? October 21, 2022 It seems to be the fate of any prime minister who models themselves on heavyweights of our past to not so much fall short of them, but absolutely trash their legacy. Boris Johnson’s obsession with being Winston Churchill prevented him from being a prime minister who would even see out his term. Astonishingly, Liz Truss, [...]
Letters: Dealing with the price of milk October 21, 2022 [Re: Food price hikes will become baked in if we can’t choose a fiscal policy and stick with it, yesterday] Can our food prices really become more expensive? I’m not asking, technically if they can – that I’m sure they can do, but can we afford for them to go any higher without Britain becoming [...]
UK borrowing costs cool after Truss quits as shortest serving PM ever October 20, 2022 UK borrowing costs scaled lower today after Liz Truss exited as the shortest serving prime minister on record at 44 days. Yields on the 10-year gilt dropped around 27 basis points to 3.8 per cent after Truss resigned in the early afternoon. They had been trending higher during early trading. Rates on the 30-year gilt, [...]
The blockchain virtual machine protecting itself from Orwellian CBDCs October 20, 2022 Dr Chris Kacher hails the value of blockchain and the metaverse, but gives both barrels to the notion of CBDCs.
Exclusive: West End bounces back with rush for fresh office space October 20, 2022 The West End has come roaring back to life after firms committed 1.2m sq ft of office space in the third quarter. A race for space is also heating up, with the post-pandemic renaissance of the capital’s shopping heartland seeing prime rents for offices soar 6.5 per cent in the past year, data from Knight [...]
Bank of England’s Broadbent urges markets to curb rate expectations October 20, 2022 One of the Bank of England’s top officials has today warned markets not to get carried away with the number of rate rises coming down the line. Ben Broadbent, a member of the monetary policy committee (MPC) and a deputy governor at the Bank, said Threadneedle Street’s internal calculations worked out the response to the [...]
AJ Bell assets dip 2 per cent despite investor surge October 20, 2022 Retail investment platform AJ Bell said its customers’ assets had dipped two per cent in the past year as volatility on the markets offset a surge in investors pouring onto its platform.