Desperate small businesses beg government for immediate help as bills spiral out of control September 14, 2022 A range of small businesses said this morning that their energy bills have more than doubled in the past three months alone. Firms are therefore eagerly looking to next week’s expected mini budget for help with soaring bills despite the slight easing in inflation. Lesley So, founder of Derby-based eco-friendly drinks manufacturer So Good Kombucha, [...]
Legal sector wage inflation expected to slow, Gateley chief executive says September 13, 2022 The head of UK listed law firm Gateley Plc has said he expects “pay inflation” in the legal sector to slow over the coming year. Speaking to City A.M. Gateley chief executive Rod Waldie said “wage inflation has been the single biggest issue we’ve had to confront” as he noted the law firm’s payroll costs [...]
London’s FTSE 100 sheds early gains after worrying US inflation numbers September 13, 2022 London’s FTSE 100 shed all its early gains today after a hotter than expected US inflation report sent investors wobbling. The capital’s premier index slumped 1.17 per cent to 7,385.86 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 1.78 per cent to 19,167.21 [...]
Federal Reserve to press on with third 75 basis point hike after inflation overshoot September 13, 2022 The US Federal Reserve is set to hike the world’s most important interest rate by another historic amount to tame sticky inflation, Wall Street warned today. A hotter than expected inflation reading published today prompted a wave of economists to bet on the Fed lifting US borrowing costs 75 basis points for the third time [...]
M&A Roundup: HY 2022 September 13, 2022 This year has been challenging on many levels – inflation is impacting economic demand, the cost of living crises carries on, and the war in Ukraine continues. However, in terms of M&A, EMEA is withstanding the headwinds rather well. Per Mergermarket figures, deal count totalled 4,963 compared with 6,182 in H1 2021, a fall of [...]
Forget tech, hospitality or transport: These are Britain’s most profitable sectors September 13, 2022 At the beginning of this year, the UK counted around 5.6 million private sector businesses. Described as the backbone of the UK’s economy, SMEs account for 99.9 per cent of all businesses in Britain. With house prices currently at a record high, it’s no surprise that business and property services are amongst the sectors making the most profit in the [...]
Most UK homebuyers and owners are locking in mortgage rates as rises loom September 13, 2022 The majority of homebuyers and owners are locking in their mortgage rates to escape looming rate rises later this year, according to the latest data. Most new buyers – some 95.5 per cent – are taking out fixed rate mortgages, the Financial Conduct Authority (FCA) found, while the proportion of mortgaged homeowners fixing their rates [...]
Renewable energy: the way forward for Europe? September 13, 2022 In European energy, Russia’s invasion of Ukraine has defined the market so far in 2022. Gas prices have soared, exacerbating inflation. How organizations, consumers, and governments respond could mark the beginning of an evolution in European energy. Is renewables the way forward for Europe? Renewed interest?Policymakers know they must move swiftly on renewables, but dealmakers [...]
Mattioli Woods profits jump after flurry of deals September 13, 2022 London-listed wealth manager Mattioli Woods posted an 88 per cent jump in profits today after a spate of acquisitions bolstered its bottom line in the 12 months to May.
Bitcoin looking to steal the show during Ethereum’s turn in the limelight September 13, 2022 The Ethereum Merge is almost upon us, but it appears Bitcoin is determined to take its place in the spotlight from a price perspective.