City analysts betting on Bank of England interest rate cuts by early 2024 – as long as inflation falls quickly January 18, 2023 The Bank of England could cut interest rates as soon as early next year if inflation continues to tumble in 2023, top City analysts have predicted. The rate of price increases is forecast to more than halve which would bring inflation to below five per cent by the end of 2023, according to forecasts from [...]
Oil be damned: Global demand for oil set to hit all-time high this year as China reopens January 18, 2023 Global oil demand will reach a record high this year, and rise by nearly 2m barrels per day this year, as China eases pandemic restrictions.
London firm Shipleys investigated over audit of Russian fintech Zaim Credit Systems January 18, 2023 The UK’s accounting regulator has launched an investigation into London accounting firm Shipleys over its audit work for the UK-listed holding company of Russian fintech firm Zaim Express. The Financial Reporting Council (FRC) said today that it has decided to open an investigation into the firm’s audit of Zaim Credit Systems’ 2021 accounts. The FRC’s [...]
Inflation drops for second month in a row but experts warn rate has yet to pass its peak January 18, 2023 UK inflation has fallen for the second month in a row, but soaring food prices have led some experts to warn it may not have passed its peak yet. The rate of price increases dropped to 10.5 per cent in December, down from 10.7 per cent in the previous month, the Office for National Statistics [...]
Ukrainian interior minister Denys Monastyrsky killed in chopper crash January 18, 2023 A helicopter crash in a Kyiv suburb on Wednesday killed 18 people, including Ukraine’s interior minister and three children, Ukrainian authorities said. Interior Minister Denys Monastyrskyi, his deputy Yevhen Yenin, and State Secretary of the Ministry of Internal Affairs Yurii Lubkovych were among those killed, according to Ihor Klymenko, chief of Ukraine’s National Police. Mr [...]
The Notebook: Neil Bennett’s Davos dispatch January 17, 2023 The Notebook is a place for interesting people to say interesting things. Today it’s the turn of Neil Bennett, Global Co-CEO of communications advisory giant H/Advisers – writing on Ukraine in Davos, Manchester United’s bold marketing strategy and why the Swiss town remains the place to be I am in Davos this week to host [...]
TUI open to new majority shareholder following resignation of sanctioned Russian billionaire January 17, 2023 TUI admitted it was looking for a new majority shareholder, 10 months after EU sanctions forced the resignation of Alexei Mordashov. Vladimir Putin ally and Russian billionaire Alexei Mordashov became a target of Europe’s sanctions against Moscow following Russia’s invasion of Ukraine in March 2022. The sanctions meant TUI was left scrambling for a new [...]
Brits’ take home pay still falling rapidly despite record wage rises January 17, 2023 Brits are suffering one of the sharpest hits to their take home pay despite businesses handing workers bumper pay prices, official figures out today reveal. Real pay tumbled 2.6 per cent over the three months to November, among the steepest drops seen outside the Covid-19 crisis, according to the Office for National Statistics (ONS). The [...]
Gas prices deflate to 16-month low with more supplies shipped to Europe January 17, 2023 Natural gas prices dropped to a 16-month low yesterday - with full stockpiles in China forcing buyers to send more supplies to Europe.
Energy storage: UK puts faith in tech to harness the renewable revolution January 17, 2023 The UK is turning to technology to meet its energy needs as renewables' role in the domestic energy mix continues to grow.