Galliford Try swings into red after snapping up water firm as it hails ‘good progress’ March 3, 2022 Construction firm Galliford Try has dropped into the red during the first half of the year, following its acquisition of a water firm. Shares in the Uxbridge-based company were down slightly in Thursday morning trading after it reported a pre-tax loss of £2.6m. This was compared to a £3.9m profit last year. However, revenue soared [...]
Retail recovery in ‘sweet spot’ last month as cost of living could discourage shoppers March 3, 2022 High street experts were pleasantly surprised at the robustness of retail footfall last month, but have warned the cost of living crunch may soon deter shoppers. Footfall strengthened a little in February over the month as a whole, to -20.7 per cent below pre-pandemic levels, from -20.8 per cent in January, according to retail experts [...]
Cost of living crunch to intensify as firms prepare to launch price hikes March 3, 2022 Speculation inflation in the UK could breach eight per cent in April is looking even more certain as businesses prepare to hike prices to combat swelling costs, reveals a fresh survey released today. Economists’ bets on the Bank of England’s forecasts for inflation to peak at 7.25 per cent this April being undercooked are looking [...]
UK refers Russia to international criminal court over ‘barbaric’ invasion March 2, 2022 The UK has joined 38 countries to make the "largest ever" referral to the International Criminal Court over Russia's invasion of Ukraine.
UK inflation to hit generational high of 9.5 per cent as Russia-Ukraine war sends energy prices soaring March 2, 2022 The spillover impact of Russia ramping up its assault on Ukraine on energy prices will send the cost of living in the UK to a level not seen in a generation, reveal fresh forecasts by top City analysts. Fears over Moscow squeezing oil and gas flows in retaliation to Western sanctions has pushed energy prices [...]
Gold – the only “safe haven” asset? March 2, 2022 The Russian invasion of Ukraine has had many consequences – first and foremost is its devastating humanitarian impact. While we cannot lose sight of how many millions of people are affected, as investors we are conscious that this is a time of great uncertainty. Schroders’ live blog on the Ukraine crisis will be updated regularly [...]
Petrol prices spike to record £1.55 as oil markets rally amid supply shortage fears March 2, 2022 Petrol prices have broken records again amid concerns of oil supply shortages following Russia's invasion of Ukraine.
Eurozone inflation hits another record high heaping further pressure on ECB to act March 2, 2022 Prices among the countries that use the euro are accelerating at the fastest rate on record, reveals official figures published today. Inflation in the Eurozone hit 5.8 per cent this month, the hottest print recorded since the introduction of the euro, according to Eurostat, the bloc’s statistics agency. Rapidly accelerating prices is piling pressure on [...]
Oil prices peak at $113 per barrel as fears over supply shortages escalate March 2, 2022 Both major benchmarks have continued to rally amid growing concerns over supply disruption following Russia's invasion of Ukraine.
Shop price inflation hits highest rate in more than a decade March 2, 2022 Shop price annual inflation surged to the highest rate since November 2011 last month, as households’ concerns about the cost of living increases. The rate hit 1.8 per cent in February, an increase from 1.5 per cent in January, according to the British Retail Consortium (BRC) and NielsenIQ. Non-food inflation surged to 1.3 per cent [...]