Precious gems are a ‘recession resistant’ market, reveals mining boss November 7, 2022 Gemstone markets should be "recession resistant" despite the looming downturn in the global economy, predicted Gemfields.
It’s time your employer started taking mental health seriously November 7, 2022 It’s been a hard few years: a global health crisis, war, and now the shock of rising inflation, price hikes and a looming recession. It is hardly any surprise that according to mental health charity Mind, one in four of us will experience a mental-health problem this year, and one in six report experiencing a [...]
Nervous markets scratch their heads over lockdown pain due to confusing China Covid policy November 7, 2022 Despite a big relief rally at the back end of last week, US markets still couldn’t reverse the losses of the previous three days, closing lower for the first time in three weeks, although for European markets it was a somewhat different story. The DAX finished higher for the fifth week in succession, posting its [...]
Home sellers in for a shock as house prices drop across UK and overall growth slows November 7, 2022 House prices across Britain recorded the biggest monthly fall in October since early 2021, according to an index out this a.m. The average property value fell by 0.4 per cent, marking the third month-on-month drop seen in the past four months, Halifax said. The latest month-on-month decrease follows monthly falls of 0.1 per cent in [...]
The West faces copper crisis as China dominates key markets November 7, 2022 The West has fallen behind rivals such as China in the race to secure copper supplies, warns a leading expert.
Bank of England record recession warning reinforced by fresh research November 7, 2022 A new survey out today reinforces the Bank of England’s warning last week that the UK is headed for the longest recession on record. The economy last month was functioning at the same level as during the teeth of the 2021 winter Covid-19 lockdown, according to consultancy BDO. The firm’s output index, which measures the [...]
UK private equity deals slump as firms hold out for bargains November 7, 2022 The number of private equity deals closed in the UK has slumped 20 per cent in the past year as firms sit on cash reserves in anticipation of tumbling valuations, according to new research.
Hunt faces potential Tory backlash as he draws up plans to raise £50bn November 6, 2022 There are growing government fears about a potential Tory backlash against Jeremy Hunt’s fiscal statement as he looks to find ways to raise £50bn. Hunt will raise taxes and cut future real-terms spending in his 17 November autumn statement, with the chancellor looking at proposals to freeze Income Tax thresholds as a part of a [...]
Bank of England watchers eye Pill and Ramsden speeches November 6, 2022 Bank of England watchers are in for a bumper week as several top rate setters provide hints on the trajectory of UK monetary policy after last week they said the economy is on course for the longest recession on record. Despite the bleak projections by the Bank, London’s FTSE 100 fared well last week, climbing [...]
Cost of living special: Which everyday items have risen in price by how much recently? November 6, 2022 New figures showed recently that retail sales volumes have plummeted to 1.3 per cent lower than pre-coronavirus levels, as rising prices and the cost of living continues to bite. The ONS data said at the end of October that in particular food store sales were down, by 1.8 per cent last month, which is 3.2 [...]