Over-50s considering returning to work due to concerns about retirement funds December 6, 2022 The overwhelming majority of over-50s are not financially set for retirement due to the pandemic and cost of living crisis. Just under two-fifths of those aged 50-54 are happy their retirement funds are sufficient, rising to 55 per cent for those 60-65. The worrying trend, highlighted in research from Handelsbanken Wealth & Asset Management, shows [...]
Global travel inflation easing for first time this year December 6, 2022 For the first time this year travel inflation has eased worldwide, including in Europe. According to data from business travel platform TravelPerk, inflation in the fourth quarter of 2022 went down to -8 per cent from 15 and 3 per cent in the second and third quarter respectively. Overall the price of European flights has [...]
December strikes: Who’s walking out when and how will it affect you? December 6, 2022 December is set to be a month blighted by industrial strife, with everyone from nurses and posties to train drivers and security staff to walk out. With inflation reaching a 41-year high at an eye-watering 11.1 per cent, thousands of workers have voted to down tools and ask for a real-term increase in pay. As [...]
FTSE 100 only major index to swerve loss this year December 6, 2022 London’s FTSE 100 has breezed past its major international rivals to emerge as the only blue-chip index to squeeze out a gain so far this year, research by City A.M. shows. The capital’s premier index has climbed around two per cent in pound terms in 2022 and is on track to end the year as the [...]
Strikes: Sunak convenes cabinet as Number 10 tells RMT to reconsider pay offer December 6, 2022 Rishi Sunak has sent a fresh warning to unions ahead of upcoming Christmas strikes, with Number 10 urging transport union bosses to reconsider the current pay offer. Number 10 said National Union of Rail, Maritime and Transport Workers (RMT) boss Mick Lynch should take the current pay offer “seriously” as it is “generous and fair”. [...]
M&A slumps as UK dealmakers sit out rocky markets December 6, 2022 Mergers and acquisitions in the UK have slumped back to pre-pandemic levels this year as dealmakers play the waiting game amid wild swings on the markets, official figures have revealed. A total of 459 domestic and cross-border deals were completed in the third quarter of the year, nine down on the previous quarter and 159 [...]
Grocery inflation dips for first time in almost two years but ‘long way down’ for price increases December 6, 2022 Grocery price inflation has dipped for the first time in almost two years while the price of a family Christmas dinner sits at an eye-watering £31. The rampant pace of price increases let up slightly this month, dropping 0.1 percentage points – the first dip in 21 months. Four-week inflation now sits at 14.6 per [...]
British farmers warn UK is ‘sleepwalking into crisis as food is under threat’ December 6, 2022 Britain’s union for farmers and growers has warned the UK is “sleepwalking” into a food supply crisis, Ahead of an emergency press conference later today, the National Farmers Union (NFU) said the Government needed to step in to assist primary producers under severe strain from soaring fuel, fertiliser and feed costs. Union president Minette Batters [...]
Ashtead to ‘capitalise’ on economic downturn as it hikes revenue forecasts December 6, 2022 British industrial equipment rental company Ashtead has hiked its revenue forecasts for the full year as it sails through raging inflation. The London-listed group said it has the “flexibility to capitalise on the opportunities arising from the market and economic environment we face, including supply chain constraints, inflation and labour scarcity, all factors driving ongoing [...]
Profits boom for Thames Water despite leak jump December 5, 2022 Thames Water posted nearly £400m in profits for the six months to September, despite the firm grappling with a jump in leaks during the scorching summer. The UK’s biggest water company said pre-tax profits were £398m, swinging from a pre-tax loss of £581m for the same period in 2021. Thames Water said it experienced an [...]