Preventing entrenched inflation will require inflicting economic self-harm, IMF warns February 23, 2022 Preventing inflation from spiralling out of control will require dealing a heavy blow to the UK’s economic health, the world’s economic watchdog warned today. Getting inflation back down to the Bank of England’s two per cent target will come with the trade off of squeezing households’ living standards and choking economic growth, the International Monetary [...]
The UK’s largest, must attend event for private investors is back! February 23, 2022 Saturday the 19th March 2022 The Business Design Center, Islington Get your free ticket with code ‘CITYAM’ at checkout The UK’s largest investment show for private investors is back for 2022 and better than ever before. Join world leading entrepreneurs, investors and fund managers as they discuss today’s trends and tomorrow’s opportunities. Building on its [...]
Peel Hunt warns of profits slump as deal delays hamper performance February 23, 2022 Shares in British broker Peel Hunt plunged more than 13 per cent this morning after bosses said it expected full year profits to slump below expectations, as deal delays and a trading slowdown hampered performance.
Millions of Brits go bargain hunting as they are forced to tighten their belts in cost of living crisis February 23, 2022 As energy prices soar and inflation hits a 30 year high, millions of British households have embarked on a hunt for bargains and discounts. In fact, 41 per cent of shoppers stated that they would actively look for bargains as they prepare to tighten their belts; with a further 35 per cent of shoppers saying [...]
Firms on the hunt for staff despite labour squeeze February 23, 2022 Employers are planning on expanding their workforce despite an ongoing labour squeeze scuppering recruitment efforts, reveals a new survey published today. A net 24 per cent of companies intend to ramp up hiring over both the medium and long term, according to a survey by the Recruitment and Employment Confederation (REC). Strong hiring intentions indicate [...]
BoE deputy governor voted for ‘front-loaded’ tightening to quash wage pressures February 22, 2022 Strengthening wage pressures risking further upside inflation surprises led a deputy governor at the Bank of England to vote for a “front-loaded tightening in monetary policy”. Sir Dave Ramsden, a member of the Bank’s rate setting committee who voted for a 50 basis point rate hike at Threadneedle Street’s last meeting, said yesterday further hikes [...]
Golden opportunity: Worried investors drive the rally February 22, 2022 Gold prices have rebounded this month, with the precious metal glittering in the gloom amid escalating tensions between Russia and the West.
Factory prices set to accelerate at fastest rate since mid-1970s as inflationary pressures bulge February 22, 2022 Factory prices are set to soar at their fastest pace since the mid 1970s as inflationary pressures in the UK economy dial up, according to a closely watched survey published today. A net balance of 77 per cent of British manufacturers intend to hike prices over the next three months, according to a survey by [...]
Russia is overplaying its hand to try and force the West to give concessions February 22, 2022 AS world leaders plunge into an eleventh hour bid to talk Vladimir Putin down from the edge of a war with Ukraine, the fundamental misconceptions at the heart of Russia’s objectives in Ukraine must be dispelled in order to calibrate the right response. Russia wants a pro-Moscow administration in Ukraine without having to undertake a [...]
All aboard the crypto train? February 22, 2022 Are you a wealth manager who believes bitcoin and other cryptocurrencies are a passing fad or worse? You’re not alone. But you also may want to reconsider. The wealthiest clients certainly don’t agree and they are voting with their wallets. In fact, 72% of high-net-worth individuals (HNWIs) have invested in crypto, according to the 2021 [...]