Fish and chip shops struggle to keep heads above water as sector battered by price rises May 25, 2022 Some fish and chip shop owners could be driven to commit fraud in the absence of any further tax relief, one industry boss has warned. The words of warning came from president of the National Federation of Fish Friers, Andrew Crook, who told CityA.M. that the fish and chip industry had felt “abandoned” by the [...]
The City View: Crossrail finally arrives May 24, 2022 Today Andy Silvester talks to Adam Tyndall, Programme Director for Connectivity at London First. They talk all things Crossrail — from the first idea of an East-West railway in the 19th century, to the funding behind the Elizabeth Line, and to the future of London’s transport system. And in other news — Shell’s AGM was [...]
There is a fundamental flaw in the crypto economy May 24, 2022 VJ Angelo, CEO of Inspira Wealth, highlights cryptocurrency's main flaw - with some good news and bad news.
Kwarteng says windfall tax on electricity firms would be ‘challenging proposition’ May 24, 2022 Slapping a windfall tax on electricity generators would be a “challenging proposition” and could hamper the UK’s net-zero ambitions, according to business secretary Kwasi Kwarteng. The business secretary also came out firmly against a windfall tax on oil and gas companies, saying the policy is “not a good idea” in comments that will put him [...]
UK surges ahead of Europe to retain crown as venture capital ‘epicentre’ May 24, 2022 The UK has retained its crown as Europe’s venture capital epicentre with 351 local investors now actively pumping cash into the country’s startups, new data has revealed
UK economic headwinds cast shadow over Sunak’s cost of living support package May 24, 2022 A slowing UK economy will heap more pressure on the country’s finances, casting doubt over the scale of support chancellor Rishi Sunak will launch to help households through the cost of living crunch. That’s according to economists’ assessments of fresh borrowing figures published today by the Office for National Statistics (ONS). A combination of rising [...]
Topps Tiles hails record turnover with Brits still hooked on home repairs May 24, 2022 Topps Tiles, the UK’s largest tile specialist, has hailed a record turnover for the first half of the year, with Brits still hooked on repairing and improving their homes following the easing of lockdown restrictions. The London-listed retailer snagged £199m in the six months to 2 April, up more than 15 per cent in comparison [...]
Amigo takes step towards lending again as court approves compensation for mis-selling victims May 23, 2022 Beleaguered loans firm Amigo took a major step towards resuming lending today as it won High Court approval for a compensation scheme for customers that were mis-sold loans by the firm. Amigo bosses confirmed this afternoon that the High Court had completed a hearing and the Judge would sanction a scheme that will see victims [...]
What does a weaker yen mean for investors in Japan? May 23, 2022 Changing economic circumstances could alter the market impacts of currency weakness explain experts Masaki Taketsume, George Brown and Robbie Boukhoufane. It’s a been a difficult first third of 2022 for markets generally, which is perhaps unsurprising given the many sources of uncertainty and discord in the world. A very sharp depreciation in the value of [...]
Not Getting Enough Recognition At Work? It Might Be Time To Move May 23, 2022 If you’re feeling like you don’t get enough recognition for the work that you do, you’re not the only one. It’s just not enough to get paid at the end of the month – feedback, both positive and constructive, as well as acknowledgement of a job well done is crucial not only for employee morale, [...]