UK economy stumbles behind Euro peers as risk of recession gathers pace January 24, 2023 The UK economy is falling further behind its international rivals and experts, according to a closely watched survey. The survey by economists has revealed Britain’s services industry, which generates about £2 in every £3 in the country, is shrinking at the fastest pace in two years. S&P Global and the Chartered Institute of Procurement and [...]
Ovo Energy backs social tariff for vulnerable households facing record bills January 24, 2023 Ovo Energy has joined calls for a social tariff to help vulnerable households grappling with record energy bills.
Why is the FTSE 100 nearing a record high with a recession looming? It ain’t the economy, stupid January 24, 2023 The FTSE 100 is becoming one massive hedge fund. That’s why it’s doing so well when all the doomsters have warned the UK is headed for a long, albeit shallow, recession over the next year. Of course, the stock market isn’t the economy. How many high street coffee shop owners do you know that worry [...]
New FTX CEO explores restarting exchange as Genesis’ lending unit folds January 23, 2023 Data from CryptoCompare shows that the price of Bitcoin kept on rising over the past seven days, surging to a high near the $23,000 mark.
Novak Djokovic admits to injury concern after staying on course for 10th Australian Open title January 23, 2023 Novak Djokovic extinguished hopes of a home winner in the Australian Open men’s draw and stayed on course for a 10th title at Melbourne Park today. Djokovic breezed past 22nd seed Alex de Minaur – boyfriend of British player Katie Boulter – 6-2 6-1 6-2 to set up a quarter-final against Russia’s Andrey Rublev. The [...]
Speaker of Russia’s state Duma threatens West saying supplying Ukraine with more powerful arms risks ‘global catastrophe’ January 23, 2023 The speaker of Russia’s parliament warned that countries supplying Ukraine with more powerful weapons risked their own destruction. The message followed Ukraine’s supporters pledging billions of pounds in military aid to the country on Friday, including armoured vehicles, air defence systems and other equipment, but not including the battle tanks Kyiv had requested. State Duma [...]
Boris Johnson visits Kyiv amid fresh Tory sleaze claims January 23, 2023 Former Prime Minister Boris Johnson headed to Kyiv this weekend as he is caught up in new claims of sleaze. The politician met President Vlodymyr Zelensky and other leading politicians int he war-torn county, while also travelling to towns which have been bombarded by Russia. Johnson reportedly visited Borodianka, Bucha and other suburbs of the [...]
Rishi Sunak and Jeremy Hunt to shun tax cuts in March budget despite £11bn energy windfall January 23, 2023 Jeremy Hunt and Rishi Sunak will hold fire on tax cuts at the 15 March budget despite being handed an around £11bn windfall from international energy prices falling to pre-Russia-Ukraine war levels, according to top economists’ predictions gathered by City A.M. Brits will have to wait until the run up to the next general election, [...]
BP, Siemens and PepsiCo branded ‘hypocrites’ for donating to Ukraine while failing to fully exit Russia January 22, 2023 BP, Siemens and PepsiCo have all donated millions to Ukraine while at the same time failing to fully exit Russia, new research shows. The three multinationals have been branded “hypocrites” and sit alongside 13 other top firms that have both given aid to Ukraine while also retaining their links to the Russian Federation. The research [...]
SSE hikes profit expectations powered by oil and gas prices January 20, 2023 SSE has raised its profits forecasts from 120p to 150p per share for the full-year, following soaring oil and gas prices.