Rail strikes: Boris Johson says commuters must ‘stay the course’ June 21, 2022 Boris Johnson has told people they will have to “stay the course” and endure strike action before the government is able to reform the country’s rail network. The Prime Minister told his cabinet this morning that “we need the union barons to sit down with Network Rail and the train companies and get on with [...]
Property market is hot but cooling amid cocktail of low stock, high inflation and uncertainty June 21, 2022 The UK’s property market is still going strong, despite fears that rising inflation and the cost of living crisis will choke growth. The number of properties changing hands fell again last month in comparison with its pandemic heights last year. However, with some 100,870 homes sold in May, the latest government data has found a [...]
Industrials bump London’s FTSE 100 higher as investors focus on proven dividend payers June 21, 2022 London markets were bumped higher this morning by investors pouring into industrial giants. The capital’s premier FTSE 100 index climbed 0.59 per cent to 7,163.79 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.61 per cent to hit 19,127.22 points. Investors are seemingly [...]
Safestore boosts profits amid flurry of acquisitions June 21, 2022 Profits have spiked at self-storage giant Safestore - powered by a strong trading performance and increased earnings from investment properties.
Cost of living crunch: Shoppers exposed to extra £380 on yearly grocery bill June 21, 2022 Shoppers are now facing an additional £380 to their annual grocery bill as grocery price inflation has hit its highest level in 13 years. According to freshly published data from insight firm Kantar, grocery price inflation hit 8.3 per cent over the past four weeks, the highest level since April 2009. It comes as all [...]
New acquisitions to help Schroder European Real Estate Investment Trust weather economic storm June 21, 2022 Dealmaking and buyouts will help Schroder European Real Estate Investment Trust weather the geopolitical and economic storm brewing over the continent, one fund manager has said today. “New acquisitions will provide further diversification and help maintain the attractive dividend,” fund manager Jeff O’Dwyer said in a statement this morning, as the firm seeks “sustainable rental [...]
Legal challenge over retail price index changes could cost taxpayer $40bn, analysts warn June 21, 2022 The government could be forced to fork out as much as £40bn in compensation if a legal challenge launched today over the Treasury’s move to recalculate retail prices succeeds, analysts have warned.
Train chaos: How will the rail and Tube strikes affect services across London and the UK today? June 21, 2022 Rail and Tube strikes are set to cripple services this week, causing travel chaos for passengers across the UK as members of the Rail, Maritime and Transport (RMT) union at Network Rail and 13 train operators are going on strike. Here is a quick rundown of what to expect today and this week. – When [...]
Risk-averse investors need a bit of bravery to prove the UK is fertile soil for tech firms June 21, 2022 Are you a glass half empty or half full sort of person? What about when it comes to investing? With surging inflation, struggling economies, and slumping share prices, you would be forgiven for saying the former. But before we all become too pessimistic, it is important to remember that these are market issues – not [...]
An online sales tax would be a small hassle for Amazon, but a hard blow for our shops June 21, 2022 The Treasury is considering whether to introduce an online sales tax (OST) as a “means to rebalance the taxation of the retail sector between online and in-store retail”. A decision is expected in autumn – probably as part of the Chancellor’s Budget. If the government has any sense, it will run a mile from taking [...]