FTSE-100 flat as investors await BoE rate decision February 3, 2022 London's premier index has opened flat today as investors await the Bank of England's decision on a rate hike.
Exclusive: Bank of England to launch quickest tightening cycle since 2004 February 3, 2022 The Bank of England will this year embark on the fastest rate hike cycle since 2004 in a bid to tame rampant inflation in the UK, starting at its meeting of rate setters today, reveals an exclusive City A.M. poll of top City economists. The first back-to-back rate hike in 18 years is a foregone [...]
Pret coffee subscription service to increase £5 amid rising costs February 2, 2022 Sandwich chain Pret A Manger is hiking the price of its coffee subscription service 25 per cent amid soaring ingredient and labour costs. Pret said the monthly cost – which covers five barista-made drinks a day – would increase from £20 to £25 from tomorrow. This will apply to new subscribers straight away while those [...]
Antofagasta tumbles on the London Stock Exchange as Chile warns of tax hikes February 2, 2022 Shares in multinational miner Antofagasta have dropped 4.9 per cent on the FTSE 100, after Chile hinted at heavy tax rises.
Starmer ramps up attacks on ‘high tax’ Boris Johnson and Rishi Sunak February 2, 2022 Sir Keir Starmer has renewed attacks on Boris Johnson for overseeing a series of tax rises, saying that the Prime Minister is targeting “working people” as inflation soars. The Labour leader today said Johnson and chancellor Rishi Sunak were like a “Tory Thelma and Louise, hand-in-hand as they drive the country off the cliff and [...]
Eurozone inflation hits record high piling pressure on ECB to act February 2, 2022 Inflation in Europe is running at its highest level ever, turning up the dial on the European Central Bank to rein in ultra-stimulative policy, reveals official figures released today. Prices are 5.1 per cent higher than they were a year ago in January, the hottest rate of inflation in the area of countries using the [...]
Government plans £6bn loan scheme to protect households from soaring energy bills February 2, 2022 Downing Street will offer struggling energy companies access to billions of pounds in state-backed loans, according to The Times.
Londoners spend up to 72 per cent of their entire income on simply getting by in the capital February 2, 2022 London renters are forking out up to 72 per cent of their monthly household income simply to get by in the capital’s rental market. Nationwide, that figure is even higher, up to 77 per cent. The average UK rental household pays £808 per month in rent, accounting for 26 per cent of total monthly household [...]
Middle-class favourite Ocado leads FTSE 100 higher February 2, 2022 London markets climbed this morning as middle-class favourite and online supermarket Ocado leads the FTSE 100 higher. The capital’s premier FTSE 100 index added 0.47 per cent to reach 7,571.48 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, gained 0.72 per cent to hit 22,327.31 [...]
Shop price inflation highest in a decade as Brits feel cost of living squeeze February 2, 2022 Retail inflation has soared in the past month, with Brits eyeing discount retailers for cheaper prices as the country faces a cost of living squeeze. Shop price annual inflation surged to 1.5 per cent in January, according to the British Retail Consortium (BRC) and Nielsen IQ shop price index. This was up from 0.8 per [...]