Rising Inflation and Supply Chain Challenges: Will EMEA M&A Deals Be at Risk in 2022? February 17, 2022 Although 2021 set record value and volume levels for M&A both globally and in EMEA, supply chain issues were the top reasons M&A deals fell apart in 2021, according to a new survey of 200 UK-based dealmakers by Datasite. Every industry impacted Close to two-thirds (64%) of UK dealmakers said inflation affected a deal on [...]
Virgin Media O2 customers set to face hefty phone bill hike February 17, 2022 Phone bills for Virgin Media and O2 customers are set to rocket as the telecom giants feels the inflation sting. All Virgin Mobile customers will face a 11.7 per cent rise – the 7.8 per cent current rate of inflation as measured by the Retail Prices Index (RPI) plus 3.9 per cent. Meanwhile, only O2 [...]
Nearly half of Brits hunt for a new job as eyes fall on ‘inflation-busting’ pay rises February 17, 2022 Nearly half of all Brits have been hunting for a new job in the past three months, according to data City A.M. can share today. While around a third have mulled quitting their current position, research by Ipsos has revealed. The temptation to hand in a resignation letter is stronger among younger workers, aged between [...]
Bitcoin flat again as investors wary of next Russia move February 17, 2022 Bitcoin is down slightly this morning, falling 0.5 per cent to $43,761 while Ethereum has also dropped back somewhat, dipping 1.45 per cent.
Coffee sales drive Nestlé growth while plant-based food momentum swells February 17, 2022 Sales of coffee products have driven Nestlé’s organic growth while total reported sales hit a sum worth £69.46bn. In full-year results for 2021, the world’s largest food and beverage company said total reported sales increased 3.3 per cent to 87.1bn in Swiss currency. Organic growth stood at 7.5 per cent, driven by strong momentum for [...]
Standard Chartered unveils share buy-back and ramps up bonuses as profits rebound February 17, 2022 International banking group Standard Chartered reported a rebound in profits to $3.9bn today and announced a $750m share buy-back as it begins to recover from a pandemic slump.
Andrew Bailey fell asleep on inflation and now it is workers who will face the flames February 17, 2022 Is there a comfortable chaise longue in the office of Andrew Bailey, Governor of the Bank of England? I think we should be told. Because it has become apparent that the Bank has been asleep on the job. In the year to December 2021, consumer prices rose by 5.4 per cent. We have to go [...]
Exclusive: UK investors turn to cash savings as financial confidence dips February 17, 2022 Brits are taking a cautious approach to investing in 2022 with the vast majority opting to keep money in cash savings.
Brits to face permanently higher prices if rising wage and energy bills persist February 17, 2022 Consumers will face permanently higher prices for products if rising wages and energy costs persist, reveals fresh research published today. Services firms are raising prices at the fastest pace on record to alleviate severe margin pressure stemming from rising bills, according to a survey by Lloyds Bank. Soaring staffing and energy bills are sending costs [...]
London markets edge higher as investors shrug off another hot inflation print February 16, 2022 London markets were muted yesterday as investors digested the implications of another red hot UK inflation print. The capital’s premier FTSE 100 index edged down 0.07 per cent to 7,603.78 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.11 per cent to 21,828.94 points. [...]