IMF plots launch of $45bn fund to rival China’s Belt and Road initiative April 13, 2022 The International Monetary Fund plans to mobilise $45bn of funding to help countries deal with long-term challenges such as Climate Change.
The City View: Rob Appleby, CIO of the Cibus Fund, on the future of food, food tech, and supply chain disruption April 13, 2022 Today Andy Silvester chats to Rob Appleby, co-founder and Chief Investment Officer of the Cibus Fund, a London-based private equity platform focused on investments in sustainable food and agriculture. They go through the tech revolution in farming; why we should rethink the production of food; the impact of Russia’s invasion of Ukraine on the global [...]
Sky-high inflation forces Brits to raid pandemic savings April 13, 2022 Brits are being forced to run down their pandemic-induced savings to maintain spending amid historically steep inflation, reveals fresh figures published today. Pay is trailing behind the rate of price rises, meaning households are having to raid their war chests to maintain living standards. Over one in two Brits have already drawn from their savings [...]
Supermarkets drag down London indexes on spending jitters April 13, 2022 London’s top indexes were muted today as investors ditched shares in supermarkets despite Tesco posting bumper profits. The capital’s premier FTSE 100 index edged 0.05 per cent higher to 7,580.80 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.12 per cent to 20,984.45 [...]
Darling Darktrace’s shares plummet despite boosting revenue outlook April 13, 2022 Darktrace upped its revenue estimates once again as the world continues to feel the sting of cyber threats.
Pressure builds on Bank of England to tackle 30-year high inflation print April 13, 2022 Pressure on the Bank of England to get serious about tackling historic high inflation intensified today as analysts warned the cost of living could reach double digits this year. Prices are already rising at the fastest pace since 1992, climbing seven per cent over the last year, according to figures released by the Office for [...]
UK drivers suffer record spike in monthly petrol prices April 13, 2022 Petrol prices have risen over 12 pence per litre between February and March, the largest monthly hike since records began in 1990.
Graduates face 12 per cent interest rate on student loans April 13, 2022 Graduates could be weighed down by 12 per cent interest payments on student loans from September, fresh analysis has revealed.
Is the yield curve signalling recession? April 13, 2022 The US “yield curve”, or part of it, has “inverted” once more. This bond market measure has been a reliable predictor of US recessions over the last four decades. With only one exception, each time the yield curve has inverted, the US economy has entered a downturn within 18 months. What is the yield curve? [...]
Strike could stop production at Mini’s Cowley plant, says union April 13, 2022 A strike action could stop production at Mini’s Cowley plant, said the union Unite today after 150 workers voted in favour of walkout. Unite said the strike will run for eight days between the end of April and May after an “inadequate” pay was offered by employer Rudolph and Hellman Automotive. “Our Rudolph and Hellman [...]