Caffe Nero shrugs off inflation as Brits’ coffee habits drive sales of £150m January 30, 2023 Caffe Nero generated UK sales of £150m for the first half of the financial year, averaging 104 per cent of pre-pandemic levels and an increase of 17 per cent for the same period in 2021. The coffee chain added Deliveroo and Just Eat to its delivery partner service last year, which it said helped secure [...]
BP says oil and gas investment needed for 30 more years to avoid energy shortages January 30, 2023 The world risks price swings and shortages unless there is continued investment in the oil and gas sector, BP has warned.
Crypto adoption in emerging markets accelerates as SEC keeps rejecting Bitcoin ETFs January 30, 2023 Data from CryptoCompare shows that the price of Bitcoin moved mostly sideways throughout last week, starting off at $23,000.
FTSE 100 close: London index kicks off new week softly ahead of expected Bank of England rate hike January 30, 2023 London’s FTSE 100 kicked off a new week in soft style today, with gains held lower by investors sweating over a string of big central banks raising interest rates this week. The capital’s premier index jumped 0.25 per cent to 7,784.88 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the [...]
Howden’s revenues jump 60 per cent as insurance broker looks to capitalise on ‘very turbulent’ market January 30, 2023 Insurance broker Howden today posted “record” results for 2022, reporting a 60 per cent increase in revenue, with its chief executive adding that the firm was primed to further profit from the economic uncertainty heading into 2023. The insurance broker’s chief executive David Howden told City A.M. has said the London firm is primed to [...]
UK investors facing dividend drop-off as inflation squeezes profits January 30, 2023 Investors in UK firms are facing a drop-off in dividends this year as rising costs cause firms to rein in their payouts following a bumper 2022, according to new data.
London businesses increasingly confident they can power UK economy out of recession January 30, 2023 London businesses are increasingly confident they can power the UK out of any recession it gets itself into, a closely watched survey published today reveals. Optimism among the capital’s firms rose at the fastest pace out of any region in the UK this month, jumping 29 points to 37 per cent, according to research by [...]
London £4 trillion stock market sees profit warnings hit financial crisis levels January 30, 2023 Profit warnings issued by companies on London’s £4 trillion stock market surged over the last year, propelled by swelling costs squeezing margins, a new report out today reveals. Against a backdrop of skyrocketing energy prices and slowing demand amid cost of living crisis, businesses have had to tell shareholders to brace for profits to come [...]
The Bank of England is set to raise rates again and we could still face a 2008 crunch January 30, 2023 As the Bank of England prepares to raise interest rates again, Asrif Husain looks at what this volatility does to the financial markets and consumer credit - and the opportunities for investors.
What blockchain could do for financial literacy January 29, 2023 Katia Shabanova connects the railways and literacy to how people are discovering new ways to control their money with blockchain technology.