British Airways’ problems mount as pilots threaten to walk out July 26, 2022 Problems at British Airways (BA) seem to be mounting as pilots have now threatened to walk out in a dispute over salaries. Balpa, the only recognised union for the carrier’s pilots, said it was in negotiations with the airline “to persuade them that continuing Covid deductions from wages is no longer justified. In July 2020, [...]
CBI: Consumer spending smashes expectations, but deeper dip may be on the way July 26, 2022 Consumer spending is defying expectations and holding up better than feared amid sky high inflation, a new survey published today reveals. Retail sales volumes dipped to net a balance of minus four per cent this month, slightly lower than June, according to the Confederation of British Industry (CBI). But, the marginal drop was much better [...]
Exclusive: Ministers plan ‘final salary’ pension reform as £1.7tn schemes face liquidity crunch July 26, 2022 Ministers have announced plans to ramp up regulatory scrutiny of ‘final salary’ pension schemes today amid fears that rising interest rates and soaring inflation will leave some schemes facing a liquidity crunch this year.
Rishi Sunak vs Liz Truss: Last night’s Tory leadership debate fact-checked July 26, 2022 Last night Tory leadership hopefuls Rishi Sunak, a former chancellor, and Liz Truss, the current foreign secretary, went head to head in a live TV debate on the BBC. Following the debate, City A.M. caught up with Will Moy, chief executive of Full Fact, to fact check the various statements that were made during the [...]
Homeowners on edge as inflation and interest rates rise: What is next for UK mortgage rates? July 26, 2022 Many people up and down the country will be feeling the financial strain of the cost-of-living crisis, and this’ll only add more pressure on the monthly budgets of millions of UK mortgage homeowners and of those currently looking to buy. With the Bank of England’s base rates having risen to 1.25 per cent in June [...]
UK voters’ concerns on inflation reach highest level in four decades July 26, 2022 UK voter worries on inflation are at their highest since the 1980s as the country faces a severe cost of living crisis and prices of essentials surge. The July 2022 Ipsos Issues Index by research company Ipsos showed that 45 per cent of adults in the UK view inflation as one of the most pressing [...]
Scorching summer boosts grocery sales but volumes dip amid cost of living crunch July 26, 2022 Total till grocery sales were elevated this month as sweltering summer temperatures encouraged shoppers to spend more at the supermarket. According to NielsenIQ data, total till grocery sales were up 4.4 per cent in the four weeks to 16 July, with sales up 5.6 per cent in the last week when scorching weather started. Price [...]
Bridgepoint boasts success despite economic challenges and announces solid first half of 2022 July 26, 2022 Shares in private growth investor Bridgepoint surged today after it shrugged off recessionary fears to post a jump in pre-tax profits for the first half of the year. The FTSE-250 firm said revenues topped £140.1m in the six months to the end of June, up from £122.2m in the same period last year, as underlying pre-tax [...]
Unilever boosts sales growth guidance and suggests not the end of price hikes July 26, 2022 Consumer goods giant Unilever has seen sales propelled more than eight per cent after hiking prices of food and drink to mitigate cost increases. Underlying sales growth of 8.1 per cent was “driven by strong pricing to mitigate input cost inflation, which, as expected, had some impact on volume,” Alan Jope, chief executive officer said [...]
Amazon says inflation and operating costs force e-com giant to hike price of Prime subscription for UK customers July 26, 2022 Amazon has confirmed it plans to hike the price of its Prime delivery and streaming service due to “increased inflation and operating costs”. The technology giant offers free unlimited delivery, entertainment streaming and live sport through the Prime service. It said it will increase the price of Prime from £7.99 each month to £8.99 from [...]