Food inflation reaches 14.5 per cent and looks set to remain high, new data reveals March 1, 2023 Food inflation reached a staggering new high of 14.5 per cent in February, according to new data, with retail groups predicting that prices will continue to rise over the coming months. While inflation more broadly has started to come down, food inflation soared to 14.5 per cent in February, up from 13.8 per cent the [...]
A lesson in patience: venture capital backing start-ups have much to learn March 1, 2023 Venture capital funds have been overly eager to invest in tech start-ups, and now they're facing the consequences. But market correction can only be a good thing, writes Mikael Johnsson
Why gender parity is still 70 years away despite two thirds of FTSE 350 company boards comprising of women February 28, 2023 The UK claims to be a world-leader for women’s representation on top company boards, with data revealing that 40.2 per cent of FTSE 350 board positions are now held by women. The findings were part of a report by the Government-backed FTSE Women Leaders Review, which is sponsored by Lloyds Banking Group and KPMG. Adopting [...]
Santander shares soar five per cent as lender bets on Europe to boost pay-outs and ‘ambitious’ profit targets February 28, 2023 Santander plans to return half its profits to shareholders after announcing “ambitious” profitability targets for the next three years. The Spanish banking giant said it was betting on customer growth and higher interest rates in Europe to boost its revenue. Santander has previously relied on its Latin American presence to offset the tough conditions experienced [...]
UK risks falling behind in global net zero race if it lowers green ambitions, ex climate minister Skidmore warns February 28, 2023 The UK risks falling behind rival countries in the "international net zero race" if it lowers its climate ambitions.
Ocado not for you: Three reasons why online grocer’s results may not be as bad as they seem February 28, 2023 Ocado’s crown as the online food retailer which keeps the middle classes stocked in organic essentials has been threatening to slip for a while now. As one of the companies which sits at the ‘higher-end’ of the online supermarket price point the rising cost of living, not to mention higher mortgage interest rates, was expected [...]
Price of Bitcoin flatlines as crypto markets await next call on interest rates February 28, 2023 Bitcoin and Ethereum are trading flat, with the number one and two by market cap both marginally in the red this morning.
End of Bank of England £800bn bond buying scheme poses headaches for Treasury and taxpayers February 28, 2023 The magic money tree is shedding its leaves. Over a decade of cheap cash propping up the global economy has been toppled by a once in a generation inflation problem. QE was a necessary response to the batch of shocks ricocheting around the global economy since 2008. Now it’s shifted into reverse. But how did [...]
IFS: No room for tax cuts or spending rises at March budget despite Jeremy Hunt pocketing £60bn windfall February 28, 2023 There is no room for tax cuts or spending increases at the 15 March budget despite Jeremy Hunt being handed an around £60bn windfall from lower energy prices and interest rates, a top economic think tank has forecast today. The Chancellor will be held back from handing households and businesses a tax giveaway due to [...]
To dream up what can be done with the empty Debenhams, look at Hounslow February 28, 2023 Nine out of ten of the former Debenhams shops are still empty. Projects like The Loft in Hounslow show what could be achieved if these precious spaces were to be repurposed, writes Elena Siniscalco