Andrew Bailey: Our banks are sound – we’ll keep hiking if inflation persists March 27, 2023 The Bank of England will be forced to jack up interest rates again if incoming data shows inflation is not falling fast enough in response to the central bank’s eleven straight rate rises, Governor Andrew Bailey said today. Further pain will be needed to be borne by families and businesses if price pressures keep pinning [...]
Tortilla swings to loss after ‘unprecedented’ food and energy inflation March 27, 2023 Burrito chain Tortilla Mexican Grill has revealed it swung to a loss last year as it came under pressure from “unprecedented” food and energy costs, and avoided raising its prices above inflation. The fast-casual restaurant chain insisted its sales have benefited from consumers opting for value-for-money meals over dining out at restaurants. Its revenues jumped [...]
Ukraine war ‘second front’ as Putin moves to store nukes in Belarus March 27, 2023 The world should prepare for a “second front” to open up in the Ukraine war as Vladimir Putin moves to store nuclear weapons in Belarus. Russia’s president claimed he agreed with Belarusian leader Aleksandr Lukashenko to station tactical nuclear warheads on its territory. Ukraine has accused the Kremlin of “nuclear blackmail” and demanded an emergency [...]
Labour’s Ed Miliband urges government to investigate power trading firms March 25, 2023 Ed Miliband has urged the government to investigate whether power trading firms are manipulating the UK's electricity markets.
Russia’s ex PM and President Medvedev threatens to nuke Germany over Putin arrest warrant March 24, 2023 The former President and prime minister of Russia Dmitry Medvedev appears to have threatened Germany with a nuclear attack this morning. The controversial politician made the claim on Twitter in response to the International Criminal Court’s decision to issue an arrest warrant for Vladimir Putin, for war crimes. This comes after Germany, which was one [...]
‘When markets are weak, that’s the time to strike’: FinnCap poised for deal offensive after Cenkos tie-up March 24, 2023 The boss of London-listed investment bank and brokerage FinnCap said the firm was gearing up for a deal offensive this year after announcing a £42m tie-up with rival Cenkos Securities yesterday. FinnCap is among a host of the City’s broking and advisory firms hit by a slowdown over the past 12 months as markets were [...]
Russia’s athletics doping suspension is OVER, but ban remains due to Ukraine invasion March 23, 2023 World Athletics president Seb Coe has said that Russia’s seven-year doping ban has been lifted, but restrictions due to the Ukraine invasion remain. An investigation uncovered widespread state-sponsored doping was present across many disciplines in Russia and the country was banned from having athletes compete under the Russian flag unless they were categorically, in no [...]
Putin the boot in: Vladimir takes swipe at Britain over Russian sport ban lobbying March 23, 2023 Vladimir Putin has accused Russia’s critics including the UK of “using sports for unseemly purposes”. Putin said calls, led by Britain, for Russian athletes to remain banned from international sport were politically motivated. “Western countries are trying to use sports for unseemly purposes as a tool of pressure,” the Russian president told news agency TASS. [...]
Boss of British Gas owner Centrica handed fivefold pay increase to £4.5m March 22, 2023 The boss of British Gas owner Centrica has been handed a £4.5m pay package, after record profits last year.
UK inflation shock was bad for the Bank of England – and disastrous for families March 22, 2023 These were not good inflation numbers for the Bank of England. They were even worse for families. Nearly everyone has been taken aback by the Office for National Statistics calculating the annual rate of headline inflation (the consumer price index) snapped a three month falling streak to climb to 10.4 per cent last month. That [...]