There is still time to join City Giving Day 2022 September 23, 2022 With City Giving Day fast approaching it is never too late to sign up to take part in this year’s event. Each year City Giving Day celebrates the value of the City to society and how businesses can make a difference, as part of The Lord Mayor’s Appeal’s bid to create a fair society. The [...]
Investec expects earnings per share and profits to climb despite volatile backdrop September 23, 2022 Investec said it expects profits to continue to climb as the specialist banking and asset management group rides out the volatile macro environment with diverse revenue streams. The firm said it expects adjusted operating profit before tax to be between £372.6m and £406.2m in its pre-close trading update, with the UK business’ figure at least 20 [...]
With Britain’s economic warning lights flashing, we need more than just tax cuts September 23, 2022 There are numerous indicators on the UK’s economic dashboard that are currently flashing red. Against these headwinds, tax cuts may be necessary but they will almost certainly not be sufficient
Liz Truss cost of living support fails to prevent new consumer confidence low September 23, 2022 Liz Truss’s cost of living support has done nothing to lift Brits’ optimism out of the doldrums, a closely watched survey published today reveals. Consumer confidence collapsed five points over the last month to minus 49, the lowest since research firm GfK started tracking the figures in 1974. The survey was carried out between early [...]
Labour conference: Reynolds prepares to unveil his big pitch to businesses September 22, 2022 The Labour party is an unfamiliar position heading into next week’s party conference. Labour has had consistently strong poll leads this year, is presenting a unified front on policy and for once has not been the party subject to a summer of internecine factional recriminations. Sir Keir Starmer now has a chance to drive home [...]
National Insurance rise to be axed on 6 November, says Kwarteng September 22, 2022 This year’s hike in National Insurance will be axed from 6 November, Kwasi Kwarteng has today announced. The Treasury today said the move to reverse the 1.25 percentage point increase in National Insurance – which was originally brought in to pay for increased health and social care spending – will save businesses an average of [...]
Bank of England shirks historic rate hike despite warning of longer inflation September 22, 2022 The Bank of England today shirked the biggest interest rate hike since the late 1980s despite inflation threatening to run hot for months. Borrowing costs climbed 50 basis points to 2.25 per cent, their highest since November 2008 and the seventh rise in a row, the Bank announced. Before the decision, City economists and markets [...]
Are you ready for multidimensional metaverses? September 22, 2022 Dr Chris Kacher explains how recession and on-risk assets are heading towards multidimensional metaverses.
Uniper reaches deal with Government to keep coal plant open over winter September 22, 2022 Uniper has secured an agreement with the Government to extend the life of its remaining unit in Nottinghamshire.
Binance unveils global advisory board, chaired by former US Senator September 22, 2022 Binance has created a new global advisory board (GAB), comprised of experts in public policy, finance, economics, and corporate governance.