Chicken boss warns food prices could rise 15 per cent this year amid war in Ukraine March 14, 2022 A food industry leader has warned prices could rise up to 15 per cent this year as a result of Russia’s invasion of Ukraine. 2 Sisters CEO Ronald Kers told the BBC’s Today programme it had already been forced to pay 50 per cent more for the chicken it receives from farms. Russia and Ukraine [...]
New business growth in London at eight year high amid concern about inflation and input costs March 14, 2022 New business activity in the capital has reached an eight-year high, but optimism remains cautious with rising inflation and pressures on input costs. There has been a resurgence in trade across the London, with growth rising from 57.3 per cent in January to a three month high of 63 per cent, in February. Growth reported [...]
Bank of England calls on crypto firms to impose sanctions March 13, 2022 The UK's central bank has called on firms to ensure sanctions are enforced amid the conflict between Russia and Ukraine.
Week ahead: City eyes jam-packed week of economic data and announcements March 13, 2022 Investors’ focus on developments in the Russia-Ukraine conflict may be pulled away by a week of jam-packed flagship economic announcements and data. Last week was an extremely volatile one for London’s premier FTSE 100 index, swinging from a low of 6,674 to a high of 7,672. It eventually finished up 2.41 per cent. Wild market [...]
Letters: Making the most out of crypto March 11, 2022 [Re: Biden signs executive order on crypto amid surging US adoption, March 9] Is Biden beckoning the beginning of the end for “wild west” crypto markets? The executive order hints at more regulation of digital assets, which has implications for how institutions engage with the burgeoning asset class. For example, quant driven hedge funds running [...]
House completions for properties outside London up by staggering 667 per cent March 11, 2022 There has been a significant spike in house completions for properties outside of London and Manchester with some areas having up to a 667 per cent rise. Apart from England’s two main population centres, the top 10 growth areas were in outlying towns, new figures from Paragon Bank shows. Milton Keynes led the way, experiencing [...]
Rishi Sunak urged to ‘turn wise words into action’ by FSB chair after small retailers feel ‘abandoned’ March 11, 2022 The chair of the Federation of Small Businesses (FSB) has urged chancellor Rishi Sunak to “turn wise words into action”, after the vast majority of micro firms said they felt “abandoned” by his policies. As the cost of living crisis continues to bite for retailers and consumers alike, 2,000 independent retailers were surveyed through Not [...]
Year-ahead inflation expectations hit record high ahead of BoE’s rate decision March 10, 2022 A record proportion of Brits expect the current inflation crunch to linger in a year’s time, fresh data released today reveals. Some 35 per cent of households think the cost of living will top five per cent by this time next year, according to Bank of America. The fresh figures will worry the Bank of [...]
Home sales continue to soar as buyers keen to move despite rates hike March 10, 2022 Home sales surged last month with strong demand from buyers not letting up, even in spite of an uplift to increase rates. The latest RICS Residential Market Survey reported a net balance of nine per cent more respondents saying sales were increasing. This represented the strongest reading since May 2021. The survey also reported a [...]
European Central Bank leaves rates negative despite inflation hitting record high March 10, 2022 The European Central Bank left interest rates unchanged in negative territory today despite inflation on the Continent running at a record high. President Christine Lagarde and co kept borrowing costs at minus 0.5 per cent, where they have been for several years, sticking with its more dovish stance toward monetary policy. The ECB has been [...]