Profits at M&G plunge to £182m as market turbulence hits August 11, 2022 Investor M&G reported its profits had slumped by nearly half in the first six months of the year after it was rocked by “adverse market movements” and soaring inflation.
Monster energy bill increases threaten to be a ‘pub killer’ as bosses urge ministers for business price cap August 11, 2022 Publicans have called on ministers to introduce an energy price rise cap for venues amid pleas that bill hikes threaten to “be a pub killer.” The British Institute of Innkeeping (BII) said the majority of its members were experiencing a minimum 300 per cent increase in energy costs, all while venues attempt to recover from [...]
Exclusive: Bank of England is ‘taking money from homeowners to curb inflation’ August 11, 2022 HOUSE prices will soon start to “flatline” following years of double digit rises, a leading property association claims this morning. Property values have continued to soar over the past two years in most regions of the UK – often defying predictions by economists who are convinced a crash is on the horizon. The National Association [...]
Why bargain hunters should be shopping in Europe, not the US August 11, 2022 Value stocks in Europe are the “unloved of the unloved”, but they have actually offered more growth than growth stocks. Here, three charts tell the story. The value investor has become something of an endangered species over the last decade, pushed to the side-lines of a market fixated on seeking never-ending growth in areas such [...]
Are we on the cusp of the next Bitcoin bull run? August 11, 2022 Nigel Green says he would not be surprised for Bitcoin to hit $70,000 this year, and surpass the all-time high of $68,000.
Crypto markets surge after better-than-expected US inflation figures August 11, 2022 The price of Bitcoin jumped two per cent after the inflation data for July was released, and sat at around $24,600 this morning.
Savills revenue spills into the £1bn mark as boss warns of risk to booming activity August 11, 2022 Estate agency giant Savills has continued to make hay while the sun shines, with revenue spilling over into the £1bn mark. Revenue up over 10 per cent to £1.03bn in the six months to 30 June, up from £932.6m in the same period last year. Like housebuilders, estate agencies have also been reaping the scaling [...]
Asda, Boots and Primark among retailers urging officials to prioritise crime against shop staff August 11, 2022 High street staples including Tesco, Aldi and Primark have signed a letter urging police commissioners to prioritise tackling crimes against shop staff. Some 105 retailers have written to police and crime commissioners in England and Wales, calling for more help with increasing violence and anti-social behaviour towards workers. Reports of abuse towards shop staff have [...]
Growing inequality and financial strain is a threat to London’s social cohesion August 11, 2022 OUR great city works well because we Londoners muddle through together without too much friction. “Live and let live”’ has a claim to be the defining London motto. But there have been times where that harmony has shattered. I remember the shock of Tottenham and Croydon burning in August 2011 and of shops being boarded [...]
Cost of living crunch: 1 in 4 shop workers skip meals each month to pay bills August 10, 2022 One in four shop workers are skipping meals each month to meet bill payments, according to research from a trade union. This figure has leapt from 1 in 20 last year, as Britain’s lowest paid workers struggle amid the throes of cost of living crunch, according to a survey by Usdaw union. Inflation is anticipated [...]