Brits ‘batten down hatches’ ahead of bleak winter August 30, 2022 Brits are “battening down the hatches” ahead of an exceptionally tough winter marred by sky-high energy bills, economists warned today. Households are cooling spending on credit cards and putting money aside in savings accounts to keep their finances intact to withstand a historic shock to their living standards. Brits spent £700m on credit cards last [...]
Sunak confidant hints at ‘targeted support’ in cost of living crisis as he warns higher incomes won’t be safe either August 30, 2022 DCMS minister Matt Warman, who is supporting Rishi Sunak in the Tory leadership battle, spoke this morning in favour of targeted support during the rising cost of living, acknowledging “that is going to affect people somewhat higher up the income scale as well”. He told Sky News this a.m.: “I think for me the most [...]
Joules pushes back against rumours that Next rescue deal has soured August 30, 2022 Joules has pushed back against reports that discussions with Next over a rescue deal have soured.
FTSE Reshuffle: Abrdn head for trap-door from the FTSE 100 August 29, 2022 FUND MANAGER Abrdn is set to exit the FTSE 100 this week as part of a wider FTSE reshuffle. Shares in the asset manager have fallen just shy of 40 per cent since the turn of the year, with analysts blaming global uncertainty and economic troubles. “Huge geopolitical uncertainty, sky high inflation and worries about [...]
Asda eyes up Co-op’s petrol business in £450m bid August 29, 2022 Asda is the front-runner to buy approximately 130 petrol stations and convenience stores from the Co-op Group’s petrol forecourt business in a £450m swoop.
Jupiter to sell 10 per cent stake in Starling Bank August 27, 2022 Asset manager Jupiter is reportedly in talks to sell its 10 per cent stake in digital challenger bank Starling Bank. This comes a few months after the bank hit a £2.5bn valuation. City sources told Sky News’ Mark Kleinman that Jupiter had instructed Citi to find buyers for its portfolio, which is made up of [...]
Cost of dropping off increased in most UK airports August 27, 2022 The cost of dropping off someone for a flight has increased in most UK airports, according to data published today. Figures from the RAC showed that, out of 21 of the busiest UK hubs, 16 have amped their costs in the last three years. “Anyone dropping a loved one off at the terminal this summer [...]
Boris Johnson warns against capping energy bills for everyone August 26, 2022 Boris Johnson has warned against capping energy bills for all households as this would benefit rich energy users at the expense of the vulnerable.
Bank of England may launch biggest rate hike since 1989 if energy bill support fuels inflation August 26, 2022 The Bank of England may have to launch the biggest rate hike since 1989 if the government injects huge sums of money into the economy to cope with the cost of living crisis, a Wall Street bank said today. Borrowing costs could rise 75 basis points in November to deal with a historic inflation peak [...]
The man who helped Tom Cruise act at 7Gs in Top Gun: Maverick August 26, 2022 Top Gun: Maverick has ascended like a graceful jet to become the sixth highest grossing film in US history. Quite some doing given it was only released three months ago. A mixture of cynicism and wonder drove people back to the cinema: the promise of Tom Cruise flying in real fighter jets at hundreds of [...]