Pint at London pub surges past £8 price amid sky-high inflation June 4, 2022 The average price of a pint has surpassed £8 at one London pub, for the first time, as historic levels of inflation have forced landlords to up prices across the country. The price tag of a drink has soared over 70 per cent since the financial crisis of 2008, according to data from insights firm [...]
Jubilee high street boom risks being upended by cost of living crisis June 3, 2022 The Jubilee fervour driving shoppers back to bricks-and-mortar stores is “fragile” and could be upended by the cost-of-living crisis, experts have warned. According to figures released by the British Retail Consortium (BRC), visitor numbers inched up 0.6% between April and May, but are down 12.5% since 2019. However, this is ahead of Italy, France and [...]
Ex rate-setter urges BoE to raise interest by 3 per cent to stop inflation June 2, 2022 The Bank of England (BoE) needs to raise its interest rates by 3 per cent if it wants to stop inflation, according to former UK rate-setter Andrew Sentance. Previously an external member of the BoE’s monetary policy committee, Sentance argued that interest rates need to be increased fast to contain inflationary pressures, which last month [...]
JP Morgan braced for economic ‘hurricane’, says Jamie Dimon June 1, 2022 JP Morgan boss Jamie Dimon warned of a coming economic “hurricane” today as he called on the US federal Reserve to implement quantitative tightening and hike interest rates.
Jubilee 2022: what’s changed for savers since 1952? June 1, 2022 It’s 70 years since Queen Elizabeth II took the throne. How have some of our key financial metrics – from longevity to inflation, interest rates to investment returns – moved over the decades? The seven-decade reign of Queen Elizabeth II has seen transformations in many aspects of our lives. That includes sweeping changes to the [...]
Amundi chief labels parts of private equity as ‘pyramid’ and ‘ponzi’ scheme June 1, 2022 Europe’s biggest asset manager Amundi has described elements of private equity as a “pyramid scheme” and “ponzi scheme” due to the fact that private equity firms can sell assets onto peers for major profits.
An update from Fund Manager of abrdn Asian Income, Yoojeong Oh June 1, 2022 To watch the update video in full, visit: https://doceo.tv/funds/abrdn-asian-income Market sentiment remains very jittery. The Russia-Ukraine conflict has further added to several macro challenges in Asia. These include a slowdown in China driven by regulation, the common prosperity policy, the zero-Covid strategy, as well as geopolitics. The spread of Omicron as well as rising inflation, [...]
UK manufacturing growth slumps to 16 month low June 1, 2022 The soaring cost of living and a slowdown in shopper demand choked off growth in British manufacturing last month as the sector expanded at the weakest rate since January 2021, a closely watched survey revealed today
Dr Martens posts kicker revenue despite price rises and supply concerns June 1, 2022 Shares are up over 25 per cent this morning for Dr Martens after the iconic boot maker posted a strong performance in Americas and EMEA, with reported revenue up 29 per cent and 19 per cent respectively for the full year.
Analysts trim target price at Parsley Box as ready meal firm cuts losses June 1, 2022 Analysts have cut their expectations of ready meal business Parsley Box, despite the firm trimming its losses. Parsley Box’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA) is around 10 per cent better than management expectations for the five months to 31 May, the company said in a statement today. Losses have been cut [...]