Trouble ahead from Bank of England, but Bitcoin is laying down sound foundations October 21, 2022 Crypto AM's Jason Deane tries to make sense out of a crazy week as Bitcoin's successes are in danger of being overshadowed by politics.
Wickes reports sales growth ahead of winter dominated by rising energy costs October 21, 2022 Home improvement giant Wickes announced a boost in sales ground in the third quarter, as it looks to maintain “rigorous control” of costs ahead of a choppy winter. The retailer registered like-for-like sales growth of 2.6 per cent in the last three months, down from 5.4 per cent on the second quarter, but recovered from [...]
Retail sales volume fall to 1.3 per cent lower than pre-covid levels as cost of living bites October 21, 2022 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. Latest figures from the Office for National Statistics show sales volume on the high street were down by 1.4 per cent in September, though data was impacted by a bank holiday [...]
Deliveroo posts growth in Q3 despite tough consumer environment October 21, 2022 Deliveroo continued to benefit from stable growth in the third quarter of the year, as it looked to expanding its offering across the UK and Middle East. The fast-food delivery giant had year-in-year growth in Q3 with gross transaction value (GTV) per order up six per cent, despite orders being down one per cent, driven [...]
Chaos has made it easy for Labour, but there is an uphill battle to repair the damage October 21, 2022 The chaos of the past 44 days will force Starmer to set aside the schemes of socialists and the dreams of liberals, and instead do the work the Tories have ignored.
Truss mini-budget boosts Brits’ confidence as experts warn against austerity 2.0 October 21, 2022 Brits’ confidence in their finances and the economy bumped higher in the aftermath of former prime minister Liz Truss’s mini-budget, a closely watched survey published today reveals. Consumer confidence rose for the first time since last November this month, up to minus 47 from a record low minus 49, according to research firm GfK. Optimism [...]
Can anyone survive the cacophony of politics by Twitter and Whatsapp? October 21, 2022 It seems to be the fate of any prime minister who models themselves on heavyweights of our past to not so much fall short of them, but absolutely trash their legacy. Boris Johnson’s obsession with being Winston Churchill prevented him from being a prime minister who would even see out his term. Astonishingly, Liz Truss, [...]
Letters: Dealing with the price of milk October 21, 2022 [Re: Food price hikes will become baked in if we can’t choose a fiscal policy and stick with it, yesterday] Can our food prices really become more expensive? I’m not asking, technically if they can – that I’m sure they can do, but can we afford for them to go any higher without Britain becoming [...]
UK borrowing costs cool after Truss quits as shortest serving PM ever October 20, 2022 UK borrowing costs scaled lower today after Liz Truss exited as the shortest serving prime minister on record at 44 days. Yields on the 10-year gilt dropped around 27 basis points to 3.8 per cent after Truss resigned in the early afternoon. They had been trending higher during early trading. Rates on the 30-year gilt, [...]
The blockchain virtual machine protecting itself from Orwellian CBDCs October 20, 2022 Dr Chris Kacher hails the value of blockchain and the metaverse, but gives both barrels to the notion of CBDCs.