Ethereum upgrade boosts institutional interest, while Coinbase takes on the SEC May 2, 2023 Data from CryptoCompare shows that the price of Bitcoin (BTC) started the week with a jump from around $27,000 to a high near $30,000.
Tesco, Sainsbury’s face calls for investigation into ‘profiteering’ as prices soar May 2, 2023 An inquiry should be commissioned into whether supermarkets have been “profiteering” during the cost-of-living crisis, the Liberal Democrats have said. Party leader Sir Ed Davey is calling for the competition watchdog to start an investigation into whether food retailers put up the price of goods by more than was necessary to cover the cost of [...]
Greene King revenues top £2bn as pub chain hopes inflation fears will be drowned out by a boozy Coronation May 2, 2023 Greene King said revenues continued to soar however the chief executive of the group warned that inflation and the cost of living crisis would prove a “tough backdrop” for the hospitality sector. The pub operator, which has over 2,000 sites across the UK, reported a revenue hike of 62.2 per cent for the 52 weeks [...]
Jet-setting Brits ready for summer but it’s oil prices that could really take off May 2, 2023 Resurgent demand in the world’s most developed economies could prove to be a major tailwind for oil prices.
IAG: Is this the week that British Airways owner’s share price takes off? May 1, 2023 The aviation industry will be looking ahead to British Airways owner IAG’s quarterly results this week, as the airline conglomerate looks to close in on pre-pandemic profits. Analysts at HSBC expect IAG to report this Friday that capacity sits at 96 per cent compared to pre-Covid levels in 2019. The group has been eyeing a [...]
Mick Lynch warns at trade union rally against ‘ultra right’ causing division April 29, 2023 Trade unionist Mick Lynch has told a crowd of workers and activists that the “ultra right” is causing division during the cost-of-living crisis, and it should be resisted. He also praised unions across Northern Ireland that had taken industrial action in recent months, and called for the trade union movement to begin in every town [...]
Property: Has spring sprung? Mini budget ripple blamed for keeping a lid on monthly sales April 28, 2023 UK residential transactions in March 2023 totalled 89,560 which was 19 per cent lower than the same month a year ago but 1 per cent higher than February 2023, according to HMRC. The seasonally adjusted figures also show the total of non-residential property purchases, including commercial and factory property was 10,640, three per cent higher than [...]
London rents surge to record high of more than £2,500 as experts warn of no let up in sight April 28, 2023 London rents have surged to their highest level on record and experts have warned there is little sign of the capital’s housing market improving any time soon, fresh figures out today reveal. The cost per month of renting a property in London climbed 14 per cent over the last year to £2,501, according to search [...]
Explainer: The long tail of the cost-of-living crisis April 27, 2023 With one in five young adults simply not paying at least one bill to make ends meet, inflation could dent their prospects for years to come.
FA Cup Final hit with fresh rail strike as Manchester fans face disruption getting to London April 27, 2023 The FA Cup Final and Eurovision Song Contest will be disrupted as ASLEF train drivers’ union today announced a series of 24-hour strikes. The 24-hour strikes will take place on Friday 12 May, Wednesday 31 May, and Saturday 3 June, which coincide with FA cup final between Manchester United and City, the last of the [...]