London’s FTSE 100 edges lower ahead of Jackson Hole August 24, 2022 London’s FTSE 100 edged lower today driven by investors fretting over how stern central bankers will be with tackling inflation. The capital’s premier index dropped 0.22 per cent to 7,471.51 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, inched down 0.01 per cent to [...]
Where will Ethereum PoW miners go post-merge? August 24, 2022 Tim Bullman, CEO of Caduceus Foundation, discusses the next move for Ethereum's proof-of-work miners after "The Merge".
Which UK shares should you keep an eye on in September 2022 August 24, 2022 As Citi predicts UK inflation will strike a forbidding 18.6% in early 2023, investors are rushing to rebalance their portfolios away from unsustainable growth towards the best UK shares, including FRP Advisory Group, QinetiQ, and Phoenix Group. UK shares to buy With interest rates rising with the risk of corporate defaults, the twin signposts of liquidity and [...]
HSBC agitator Ping An claims ‘we are not an activist’ despite break-up calls August 24, 2022 The investor pushing for a break up of HSBC has claimed it is “not an activist investor” today and simply cares about returns.
Iceland boss: Absence of government support on energy bills risks job losses and bankruptcy for firms August 23, 2022 Iceland boss Richard Walker has called on ministers to issue more support for businesses struggling with sky-high energy bills. Without a price cap on businesses’ energy bills, smaller firms would surely collapse, the supermarket’s managing director told CityA.M. An absence of further support for businesses was “really serious,” as the colder months approach, Walker said. [...]
US in teeth of ‘deep recession’ in ominous sign for rest of world August 23, 2022 The US is in the teeth of a “deep recession” in an ominous sign for the world’s other largest economies, experts warned after a closely watched survey came in much weaker than expected on Wall Street. S&P Global composite purchasing managers’ index (PMI) dropped to 45 points this month, the lowest in over two years [...]
Europe’s gas crisis: what does it mean for investors? August 23, 2022 Europe faces high gas prices and potential shortages as supply from Russia dwindles. We ask our investment experts what this means for companies, the energy transition, and the eurozone economy. Europe’s precarious gas supply situation has been a prime focus for markets ever since Russia’s invasion of Ukraine at the end of February. The European [...]
Pubs face winter ‘extinction’ with some facing energy bill spike of 500 per cent August 23, 2022 Pub landlords are facing an “extinction” this winter as a majority of operators said they feared being forced to shut down in the coldest months. Some 65 per cent of publicans said they were likely to close over winter, despite a lucrative Christmas period free of Covid restrictions, when surveyed by industry title The Morning [...]
Recession looms over European economies grappling with soaring gas prices August 23, 2022 Recession is looming over Europe’s largest economies, driven by record inflation fuelled by high energy prices squeezing businesses and households, surveys published today showed. Consumers on the Continent are shrinking spending in response to record inflation sharply hitting their finances. Elevated gas costs, caused by Russia seemingly retaliating to western sanctions after the Ukraine invasion [...]
Inflation surge pushes UK economy to edge of stagnation August 23, 2022 Brits reining in spending amid a historic inflation surge has steered the UK economy to the edge of “stagnation,” a closely watched survey released today shows. S&P Global’s flash composite purchasing managers’ index (PMI), which measures activity across the private sector, dropped to 50.9 this month, down from 52.1 in July. The figures indicate “the [...]