Rolex price hike in the UK thanks to weak pound sterling September 4, 2022 ROLEX has upped prices of watches sold in the UK as sterling’s weakness had made the brand’s high-end timepieces cheaper to buy here than in other markets. The price hike, first reported by trade publication WatchPro, comes amid growing concern at the strength of the pound, with some analysts suggesting it could near parity with [...]
Staggering 9 in 10 Brits now struggle to make ends meet with retirement poverty fears growing for millions September 4, 2022 Nine in ten people across the UK are now struggling to make ends meet, with only one in ten saying they don’t have any financial concerns, according to fresh data shared with City A.M. this morning. The shock figures raise fears around people’s financial future as well as their present as the rising cost of [...]
Bitcoin bear markets are a great time to build, but not with shocking US prices September 2, 2022 The price of Bitcoin continues to trade flat, remaining just above $20,000 where it has held ground since a six per cent drop last week.
Westminster push for North Sea fossil fuels slammed by climate groups September 2, 2022 Climate groups have criticised Westminster's latest attempts to boost oil and gas production in the North Sea.
Pound on crash course to record low against US dollar September 1, 2022 The pound is on course to plunge to a record low against the US dollar driven by the UK tumbling into a tough recession, City economists warned today. Sterling will drop to $1.05 by the middle of next year, but could fall close to parity with the greenback, according to consultancy Capital Economics. The downbeat [...]
Klarna losses more than triple as costs soar August 31, 2022 Losses at buy-now pay-later giant Klarna more than tripled in the first six months of the year as the Swedish fintech was hit by soaring employee costs and rising credit losses as it ramped up its expansion in the US.
Laybuy to share data with credit agencies as BNPL firms clampdown on borrowing August 31, 2022 Laybuy has become the latest buy-now pay-later firm to commit to sharing customer data with credit rating agencies today as the sector looks to clampdown on vulnerable shoppers taking on unaffordable debt.
Truss refuses to reveal cost of living plans until she has the keys to No 10 August 30, 2022 Members of Liz Truss’s team have confirmed the Tory leadership frontrunner will not finalise her plans for crucial cost-of-living support before receiving the “full support and advice” only available to the government of the day. The public will likely be forced to wait to find out what help they will get with skyrocketing energy bills [...]
EXCLUSIVE: So Energy calls for insulation boost to ease winter crisis August 29, 2022 The Government should help households ease demand and drive down soaring bills, says So Energy co-founder Simon Oscroft.
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 [...]