No property policies: Lack of housing ideas from Truss and Sunak branded ‘deeply alarming’ July 24, 2022 Rishi Sunak and Liz Truss need to put tackling the housing crisis at “the top of their list” if they become Prime Minister, a major housing association told City A.M. this morning. The National Association of Property Buyers said a whole generation of people faced being unable to own or rent a property due to [...]
FRP announces higher revenue and growth despite economic uncertainties July 22, 2022 FRP Advisory Group announced higher revenues and a growth in team size and market share despite a weakening economic outlook. For the year ended 30 April 2022, revenue rose 21 per cent to £95.2m from £79m in 2021, with a 15 per cent increase in FRP’s team size by 66 to 504 (excluding consultants). FRP Corporate [...]
Truss or Sunak will need to deliver ‘shot in the arm’ of UK economy July 22, 2022 Rishi Sunak or Liz Truss will need to deliver a “shot in the economic arm” of the country to lift Brits’ confidence out of the doldrums after one of them wins the Conservative leadership race, two closely watched surveys published today reveal. Scorching inflation, the highest interest rates in 13 years and tax hikes have [...]
Last orders? Bittersweet summer for pubs as rising costs out-shadow post-pandemic demand July 20, 2022 Packed beer gardens herald the arrival of summer in Britain. For publicans, this summer presents a chance to rebuild after two years’ of Covid-19 restrictions battering trade. Yet, with inflation surpassing 40-year highs and strike action threatening to severe revellers’ passages into city centres, will publicans be able to make up for those long, lost [...]
Global money managers in financial crisis style flight from stocks July 19, 2022 Global money managers are holding the lowest level of stocks in their portfolios since the global financial crisis in 2008, revealed a closely watched survey published today. Expectations for world economic growth dropped to the deepest point on record, as did bets on expansion in corporate earnings, Wall Street investment bank Bank of America found. [...]
Inflation expected to soar above eye-watering 40-year highs as cost of living onslaught deepens July 19, 2022 When official figures lay bare the extent of the mounting cost-of-living crisis on tomorrow morning, UK inflation is expected to soar even further above current eye-watering 40-year highs. The latest figures from the Office for National Statistics (ONS) will show Consumer Prices Index (CPI) inflation rose to at least 9.3 per cent in June, up [...]
The 13th Century has much to teach us about NFTs July 19, 2022 Crypto AM columnist Charlie Kerrigan explains how we can turn to the history books to solve some very modern legal problems.
Steep losses looming: Made.com warns job cuts are coming to slash costs after dive in consumer spending July 19, 2022 Made.com said this morning it has launched a review its workforce amid efforts to slash costs as a slump in consumer spending is set to send it tumbling to steep losses. The group said it is looking at its operational structure and headcount, as well as improvements to stock buying and warehousing to try to [...]
Calls grow to pause benefits sanctions until merciless cost-of-living crisis has calmed down July 14, 2022 Benefits sanctions should be paused by the UK government until the cost-of-living crisis has been resolved, Citizens Advice Scotland has said. Advice from the charity on sanctions to Universal Credit rose by 5 per cent in 2021-22, research published today indicated. With inflation rising and impacting on the cost of goods, Citizens Advice said a [...]
Airlines lift off helps FTSE 100 reverse early losses July 12, 2022 London markets whipsawed today as a rally among airline stocks outweighed recession fears. The capital’s premier FTSE 100 index jumped 0.18 per cent to drop to 7,209.86 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 0.1 per cent to close at 18,854.96 points. [...]