UK jobs market surges to pre-pandemic health but inflation crunch looms March 7, 2022 The recession of Covid-19 restrictions has sparked a recruitment drive by British businesses, reveals a fresh survey released today. An uptick in spending as Brits head back to high streets after the end of Plan B measures is encouraging firms to take on more staff, according to research by accountancy firm BDO. Businesses are scrambling [...]
Sunak under pressure to drop NI rise in wake of Ukraine invasion March 6, 2022 Rishi Sunak is under increased pressure to drop his 1.25 percentage points increase of National Insurance next month in the wake of Russia’s invasion of Ukraine. It is expected the war will lead to higher inflation than expected due to Europe’s large reliance on Russian gas and Ukrainian agricultural products, like wheat. Annual growth in [...]
Shares nosedive across Europe as burning Ukrainian nuclear plant terrifies traders: FTSE lowest since October March 4, 2022 All major markets across Europe are reacting this morning with horror to the fire at Europe’s largest nuclear power plant amid shelling by Russia in the area. Although the situation is reportedly under control, stock indexes were down across the continent, with London’s top index, the FTSE 100, dropping to its lowest point since October [...]
What impact will Russia’s invasion of Ukraine have on oil and gas? March 4, 2022 Russia’s invasion of Ukraine is first and foremost a human tragedy. As investors though, our role is to interpret the market implications on behalf of our clients. Here, we consider the impact of the invasion on oil and gas markets. Firstly, it’s important to understand how markets stood before the invasion. Global energy markets were [...]
February retail sales perform well but warnings for mid-level retailers as living costs spike March 4, 2022 Purchases of clothes have driven retail sales growth, thanks to the easing of Covid restrictions. Total like-for-like sales swelled 49.6 per cent in February, according to the BDO’s February High Street Sales Tracker. This was from a base of minus 3.1 per cent in February 2021, when the country was in the throes of a [...]
Oil prices storm to near decade highs before talk of Iran deal calms waters March 3, 2022 Oil prices hit near decade highs and closed in on $120 per barrel today, as buyers shun Russian crude amid intensifying fears of supply fears.
UK inflation to hit generational high of 9.5 per cent as Russia-Ukraine war sends energy prices soaring March 2, 2022 The spillover impact of Russia ramping up its assault on Ukraine on energy prices will send the cost of living in the UK to a level not seen in a generation, reveal fresh forecasts by top City analysts. Fears over Moscow squeezing oil and gas flows in retaliation to Western sanctions has pushed energy prices [...]
Government confirms Russia can still send oil and gas to the UK despite port sanctions March 2, 2022 The government confirms Russia can still send oil and gas to the UK, despite a ban on the country's ships docking at British ports.
Petrol prices spike to record £1.55 as oil markets rally amid supply shortage fears March 2, 2022 Petrol prices have broken records again amid concerns of oil supply shortages following Russia's invasion of Ukraine.
Oil prices peak at $113 per barrel as fears over supply shortages escalate March 2, 2022 Both major benchmarks have continued to rally amid growing concerns over supply disruption following Russia's invasion of Ukraine.