UK retail investors hold their nerve despite rising inflation, commodities and Ukraine war raging on May 5, 2022 UK retail investors have remained composed in the face of the Russia-Ukraine conflict, despite significant concerns about future implications of the crisis on the financial markets, international relations, and the environment. Only 14 per cent of investors monitor the conflict between Russia and Ukraine when thinking about their investment strategy. The same number said they [...]
1 Minute Market Rundown – 5th May 2022 May 5, 2022 Powell Not as Hawkish as Market Priced In…But Not Dovish By Any MeansCrypto Bounces with Risk Assets So the highly anticipated FED meeting came and went and all things considered…we feel we are exactly where we were before the meeting minus a little bit of cleaner positioning in the market. If you will recall yesterday’s [...]
Today: Bank of England to push interest rates to 13-year high to slow cost crunch and inflation May 5, 2022 Interest rates are expected to be hiked once again later today to their highest level for 13 years as the Bank of England battles to cool rocketing inflation. The Bank’s policymakers are predicted to increase rates from 0.75 per cent to 1 per cent – a level not seen since early 2009 – and ramp [...]
Print revenue plunges for Daily Mirror owner Reach as inflation and global uncertainty scares off advertisers May 5, 2022 Print revenue was down 4.2 per cent for the owner of the Daily Mirror and OK! magazine Reach, as the group grapples with reduced advertiser demand and crippling inflation.
Sales boost for Next as shoppers take back to the high street May 5, 2022 High street giant Next saw a boost in sales in the first quarter of the year it continues to feel the lift of stores reopening after covid lockdowns.
Slice of VAT: Domino’s Pizza’s UK sales drop as budgets tighten May 5, 2022 Domino's reported VAT hikes taking a slice of the pizza this morning, with UK & Ireland system sales down 1.5 per cent in the first quarter to £365.9m.
Recruiters in overdrive as number of job adverts skyrockets: 1.8m vacancies now up for grabs May 5, 2022 The number of job adverts continues to increase, showing how firms are “eager” to hire new staff, according to data shared with City A.M. this morning. There were 1.8m vacancies advertised in the week to May 1, around 15 per cent more than the same period last month. The Recruitment and Employment Confederation (REC) said [...]
Virgin Money UK reports profit boost thanks to rising interest rates and unsecured lending May 5, 2022 Virgin Money UK posted a boom compared to 2021 figures, with underlying profit increasing 58 per cent to £388m, reflecting stronger income.
Boris Johnson needs to find the Tory heartlands before he fights for them May 5, 2022 The biggest challenge facing the Conservative Party is not just the growing question of who leads it but also where in the country it can build an electoral majority. Put simply: is the future heart of conservatism likely to be in Southern home counties or in the post-industrial towns of the North and Midlands? The [...]
US Federal Reserve hikes rates at quickest pace in over two decades May 4, 2022 The world’s most influential central bank today hiked interest rates at the quickest pace since 2000 in a sign the era of cheap money is coming to an end. The US Federal Reserve lifted the financial system’s key interest rate 50 basis points to a range of 0.75-1 per cent as it scrambles to douse [...]