Souring UK economic outlook sends London markets tumbling June 13, 2022 Fears that the UK economy is in the teeth of a sharp slowdown triggered a sector-wide sell-off on London markets today. The capital’s premier FTSE 100 index slid 1.53 per cent to 7,205.81 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, shed 2.61 per [...]
Inflation and recession concoction sends global markets into the mire June 13, 2022 Mounting fears over the worst inflation crunch in recent history plunging the global economy into reverse sent the world’s biggest stock markets spiralling today. London’s FTSE 100 index slid 1.53 per cent, while the mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, shed 2.61 per cent. Investors have [...]
UK economy shrinks 0.3 per cent amid recession worries June 13, 2022 The UK economy shrank in April, for the second month in a row, amid fears of a recession. Gross domestic product (GDP) declined by 0.3 per cent in April, following a 0.1 per cent drop in March, according to figures published by The Office for National Statistics on Monday morning. The drop was fuelled by a [...]
Biden hits out at Big Oil’s record profits as White House fails to tame inflation June 12, 2022 US President Joe Biden called on ExxonMobil to drill for more oil and pay higher taxes in a stunning broadside on the US oil industry.
Inflation jitters deal chilling blow to London markets June 10, 2022 Fears over inflation dealing a chilling blow to the global economy and the prospect of a more restrictive monetary policy environment weighed on London markets today. The capital’s premier FTSE 100 index dipped 0.94 per cent to 7,405.77 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
Apple goes solo for buy-now pay-later snubbing Goldman June 9, 2022 Apple has snubbed banking partners Goldman Sachs for its new buy-now pay-later offering, instead opting for its own in-house team to manage the service.
Sadiq Khan warns Londoners to brace themselves for more violent crime due to cost of living crisis June 9, 2022 The Mayor of London, Sadiq Khan, warned this morning the cost-of-living crisis could lead to more violent crime. Khan spoke of his fears that progress in tackling violent crime could be jeopardised as figures show that London’s knife and gun crimes plus teenage murders have been reduced. “We must acknowledge that the spiralling cost of [...]
Stagflation fears bite back to weigh on London markets June 8, 2022 Growing concerns over soaring prices triggering a period of stalling global economic growth dragged on London’s top indexes today. The capital’s premier FTSE 100 index dipped 0.08 per cent to 7,593 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.43 per cent to [...]
Bitcoin price rises ahead of key inflation data June 6, 2022 The price of Bitcoin is currently $31,247 - an increase of around five per cent over the past 24 hours and two per cent since last week.
Businesses warn inflation and supply chain crisis could be worse than impact of Covid-19 June 5, 2022 THE BUSINESSES at the backbone of the UK economy are increasingly worried inflation and supply chain issues will be more damaging to their prospects than the Covid-19 pandemic was, according to a closely watched sentiment tracker. Accountants BDO’s survey of medium-sized businesses suggests economic headwinds are squeezing both margins and wages – with tax hikes [...]