Can Bitcoin be an alternative to the dollar? May 26, 2022 Nigel Green highlights two key reasons why Bitcoin could become a serious alternative to the dollar - supply and authentication.
TGI Friday’s owner shares plunge after revenue sinks amid diners’ tightening purse strings May 26, 2022 TGI Friday’s owner Hostmore’s share price has plummeted almost 15 per cent after the restaurant operator posted subdued revenue versus pre pandemic levels. Hostmore, which also operates the cocktail bar brand 63rd+1st, said like-for-like revenue was six per cent lower than 2019 levels. In a trading update for the 20 weeks ended 22 May, the [...]
Today: City hold its breath as Rishi Sunak is expected to confirm windfall tax on soaring energy profits May 26, 2022 Energy giants across the UK and investors in the City are awaiting what will come out of Westminster today as Chancellor Rishi Sunak is expected to cave in to pressure to impose a windfall tax on the soaring profits of oil and gas firms. Treasury sources did not deny reports he would use his announcement [...]
Caledonia Investments unveils special dividend as net assets rise to an all time high May 26, 2022 Caledonia Investments has reported a 25.1 per cent boost in net assets this year, rising to an all-time high of £2.78bn.
Ed Warner: ECB may buck financial trends but must turn playing claims into reality May 26, 2022 Fourteen million people participate in cricket in England and Wales. Yep, you read that right! How do we know that a quarter of the population play, attend or follow the sport? Because the ECB told us so last week in its annual report. Looks like the governing body has adopted a Westminster approach to big [...]
Global markets: US resilience lifts indexes worldwide with no surprises from Fed minutes May 26, 2022 European markets had a much more positive bias yesterday, helped by more resilience in the US, which finished the day strongly higher after the release of the latest Fed minutes. “This positive finish took a bit of a knock after the close as another disappointing set of earnings numbers, this time from Nvidia prompted US [...]
Exclusive: Steep surge in income tax and national insurance as higher taxes bite in cost of living May 26, 2022 The combined amount of Income Tax and National Insurance paid in the last twelve months has soared by 13 per cent to more than £387bn, new figures from HMRC show. The latest data from the taxman comes amidst the growing cost-of-living crisis, the Government is now likely to come under increasing pressure to alleviate the [...]
Slowing business activity strengthens UK recession risk May 26, 2022 Swelling costs and fears over rampant inflation forcing consumers to slash spending are eroding British businesses’ optimism, casting doubt over whether the country can avoid a recession, two surveys published today reveal. Households are cutting discretionary purchases in response to living costs climbing at the quickest pace in four decades, research by the Confederation of [...]
‘Impact tech’ investment jumps to £960m in 2022 but slowdown looms, analysts warn May 26, 2022 Funding into so-called ’impact tech’ start-ups in the UK has jumped over 30 per cent this year despite soaring inflation and market turbulence beginning to put the squeeze on venture capital investors, fresh data has revealed.
No point in having a state of the art transport system if our people can’t afford it May 26, 2022 This is a good month for trains in London. The Elizabeth Line finally opened on Tuesday, mostly to acclaim for its engineering and speed. The Northern Line works through Bank, which made north-south travel painfully difficult, ended punctually a week earlier. It’s briefly easy to forget the storm clouds gathering over public transport in London [...]