It’s time to put an end to the Tory leadership contest August 19, 2022 Facing crises on multiple fronts, inaction is the course of action for Number 10’s current inhabitant. Inflation tops 10 per cent, energy bills are rising beyond £4,000, and the United Kingdom faces its worst drought in decades, yet the prime minister has said any action is for his successor to decide, so let’s get on [...]
Letters: Who’s at the top of the NHS? August 19, 2022 [Re: Our healthcare leaders need financial acumen to start to fix the holes in the NHS, August 16] The people working in our healthcare system should be able to balance budgets, but they should also have more public accountability when they don’t. The governor of the Bank of England has been heavily criticised for failing to [...]
Ex-dividend shares tame FTSE gains as UK bond yields hit fresh 14-year high August 18, 2022 Traders ditching companies that have yet to announce the details of their next shareholder giveaway tamed London markets’ gains today. The capital’s premier FTSE 100 index jumped 0.35 per cent to 7,541.85 points, while the domestically-focused mid-cap FTSE 250, which is more aligned with the health of the UK economy, climbed 0.55 per cent higher [...]
Mecca owner Rank warns of ‘challenging’ road ahead amid inflationary pressure August 18, 2022 Mecca owner Rank has warned of a "challenging" road ahead this morning, as the gambling giant faces inflationary pressure and dwindling demand.
Brits’ spending drops sharply as recession clouds gather August 18, 2022 Brits’ credit and debit card spending dropped dramatically over the past week, according to fresh data published by the Office for National Statistics. This data ranked at 97 per cent of its level in February 2020, the month prior to the country’s first Covid lockdown. The figures are based on Bank of England CHAPS interbank [...]
Mick Lynch: Rail unions can still afford months more strikes August 18, 2022 Rail unions can afford to go on strike for months more and there will be a “wave of solidarity” across the labour movement this year, according to the chief of the National Union of Rail, Maritime and Transport Workers (RMT). RMT general secretary Mick Lynch today said his members were “completely committed” to strike action [...]
Mary Portas: Future of high street is ‘less retail but better retail’ August 18, 2022 The future of the high street will involve “less retail but better retail”, according to broadcaster and retail guru Mary Portas. More than nine in ten retailers believe the UK high street is suffering, according to new research from marketplace Ankorstore, backed by Portas. High street firms are facing turmoil including heightened energy bills, staff [...]
Marex hails record year as market volatility boosts profits to £49m August 18, 2022 London-based broking and trading firm Marex hailed a record set of results today as wild swings in commodity markets helped boost profits by 70 per cent.
PwC partners take more than £1m each as consulting arm bolsters firm’s revenues August 18, 2022 PwC today posted “exceptional” results for the past financial year after surging demand for advice, in the face of “challenges and opportunities on multiple fronts,” bolstered the accountancy firm’s revenues The uptick in revenues for the year ended on 30 June 2022 will see partners at the accounting firm receive payouts of £920,000 – up [...]
Historic inflation surge to swell UK debt interest bill to over £200bn August 18, 2022 A historic inflation surge is set to swell the UK’s debt interest bill to over £200bn, top economists have warned today. Britain’s public purse is set to come under intense pressure over the next two years that may cause the government to miss their borrowing fiscal rule, according to the Institute for Fiscal Studies (IFS). [...]