Halfords warns cost pressures could lead to road safety risks September 7, 2022 Halfords share price boomed more than 10 per cent on Wednesday morning, following a trading update. Halfords saw like for like sales dip 1.9 per cent compared to the year before, for the 20-week period to 19 August 2022. Sales last year benefitted from the end of the Covid lockdown in the UK. The motoring [...]
FCA issues warning over influencers peddling online trading services September 7, 2022 The UK’s financial watchdog has warned Brits against the dangers of unregulated financial advice today amid fears that social media influencers are peddling crypto and forex trading as a way out of a cost of living crunch.
Britain hurtling toward long economic slump and record living standards squeeze September 6, 2022 Britain is sinking into a long economic slump that will deal the biggest hit to household finances on record, a new report released today shows. A historic inflation surge led by sky-high energy bills is set to tip the country into a recession this year, wiping off £2,000 of Brits’ real take home pay, according [...]
London’s FTSE 100 jumps as Liz Truss mulls cost of living support package September 6, 2022 London’s FTSE 100 jumped today driven by investors being reassured by new prime minister Liz Truss preparing to ramp up support for households and businesses this week. The capital’s premier index added 0.18 per cent to reach 7,300.44 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the [...]
Yields on UK government debt scale to over 10-year high September 6, 2022 Yields on UK government debt hit their steepest level in over a decade today driven by investors fretting over the health of the country’s economy. The return on the benchmark 10-year gilt kissed 3.125 per cent, passing July 2011’s record. Five-gilt yields also climbed to the highest since August 2009, scaling to 3.061 per cent, [...]
STV: Scottish broadcaster has revenue and profit boost as it beats streaming challenge September 6, 2022 Scottish broadcaster STV experienced a boost in revenue and profit in the first half of 2022, driven by a focus on streaming and local advertising. The most popular peak-time channel for four years running, at 22.2 per cent, had a three per cent increase in revenue up until June 2022, up from £60.3m, while its [...]
If Liz Truss thought winning was hard, governing will be a formidable task September 6, 2022 It will not feel like it to Liz Truss, but that was the easy bit. Political campaigns are always brutal, exhausting and emotional affairs; none more so than this summer’s long and fractious Conservative leadership contest. But the challenges of the last few months pale into insignificance against the enormity of what the new prime [...]
Exclusive: Demand has to be tackled alongside supply, says energy boss September 5, 2022 The Government needs to combine support for households with policies that will cut supply demand, argued Good Energy boss Nigel Pocklington.
Liz Truss to become Britain’s next Prime Minister after winning Tory leadership race September 5, 2022 Liz Truss will be crowned as the UK’s new Prime Minister tomorrow, after winning the Conservative party leadership contest. Truss today beat out rival Rishi Sunak at the end of the two-month contest and will be appointed as Prime Minister by the Queen tomorrow in Balmoral. Truss won just over 57 per cent of the [...]
WATCH: Martin Lewis left exasperated after ex-minister suggests putting foil on radiator to save cash September 5, 2022 Martin Lewis was left exasperated, after former minister Edwina Currie proposed putting foil behind the radiator to save cash this winter. The founder of MoneySavingExpert responded to the former Tory minister’s money-saving tips during the cost of living crisis, after she said it “doesn’t help” for him to label the issue a “catastrophe”. Hosting ITV’s [...]