Buyer beware! The metrics suggest Bitcoin could drop even further June 30, 2022 Crypto AM columnist Dr Chris Kacher warns that, despite Bitcoin's current downturn, there may be further to fall.
UK to spend 2.5 per cent of GDP on defence by 2030, Johnson announces June 30, 2022 The UK will increase its annual defence spending to 2.5 per cent of GDP by the end of the decade and other Nato countries should be forced to do similarly, Boris Johnson has announced. The Prime Minister said on the final day of the Nato summit in Madrid that “we need to invest for the [...]
Boots posts uplifted sales as owner Walgreens shelves plans for £5.5bn auction June 30, 2022 Boots has posted buoyant quarterly retail sales after its parent company abandoned plans to sell the chemist this week. In third quarter results, Walgreens Boots Alliance (WBA) stated profit was down on last year but had surpassed Wall Street expectations. The retail pharmacy giant posted adjusted earnings of $0.83bn or $0.96 per share for the [...]
Chrysalis shares plunge amid tech sell-off frenzy June 30, 2022 Asset manager Chrysalis saw its share price plunge in the first half of the year after its tech heavy portfolio was battered by soaring inflation and a sharp fall in valuations.
UK more likely than US and Europe to tip into recession, Goldman Sachs warns June 30, 2022 The UK is more likely to tip into recession than the US and Europe due to the country suffering from a more “acute” cost of living crisis, a top Wall Street investment bank has warned. Rampant inflation in Britain, running at a four decade high of 9.1 per cent and the highest in the G7, [...]
UK set to cut food tariffs to ease cost of living pressures June 30, 2022 The UK is set to cut tariffs on imported food in a bid to ease the cost of living crisis, Boris Johnson has said. The Prime Minister said products the UK does not produce – like oranges, rice, olives and bananas – could see price cuts in the coming months by slashing tariffs on foreign [...]
Average UK house costs £271,613 as price growth shows ‘tenative signs of slowdown’ June 30, 2022 The pace of UK house price growth slowed modestly last month, with the price tag of a standard home hitting a new record high of £271,613. According to the Nationwide House Price Index published on Thursday, average prices increased by over £26,000 in the past year. The rate of annual growth slowed to 10.7 per [...]
Brits’ disposable incomes fell once more at the start of the year June 30, 2022 Brits’ disposable income tumbled further in the first quarter of the year, according to official statistics. According to the Office for National Statistics, Real Household Disposable Income (RHDI) dropped by 0.2 per cent in the quarter of January to March. While nominal household gross disposable income grew, it was offset by quarterly household inflation. This [...]
Adding agency workers into the strikes row will nurture a prolonged political headache June 30, 2022 Last week, Grant Shapps, the Transport Secretary, defended plans to allow businesses to use agency staff to plug gaps caused by striking workers. For the unions, this is tantamount to cutting them off at the knees. Britain’s workforce has changed fundamentally since the law in question was introduced, in 2003. Agency workers are now part [...]
Impacts of Covid and Brexit hard to uncouple, MPC appointee Dr Swati Dhingra June 29, 2022 Dr. Swati Dhingra said that the impacts of Covid and the impacts of Brexit are still difficult to differentiate. In an oral evidence session following her appointment to the Monetary Policy Committee, Dr. Dhingra said “We’re still struggling with how to distinguish between the impacts of Covid and Brexit,” with the EU exit date coinciding [...]