There is a fundamental flaw in the crypto economy May 24, 2022 VJ Angelo, CEO of Inspira Wealth, highlights cryptocurrency's main flaw - with some good news and bad news.
Bitcoin price dips below $30k while crypto becomes part of the conversation in Davos May 24, 2022 The Bitcoin price continues to hover around $30k, having fallen around three per cent over the past 24 hours to $29,400 this morning.
UK economic headwinds cast shadow over Sunak’s cost of living support package May 24, 2022 A slowing UK economy will heap more pressure on the country’s finances, casting doubt over the scale of support chancellor Rishi Sunak will launch to help households through the cost of living crunch. That’s according to economists’ assessments of fresh borrowing figures published today by the Office for National Statistics (ONS). A combination of rising [...]
Wagamama owner warns of ‘volatile market’ as food and drink inflation surpasses expectations May 24, 2022 The owner of Wagamama has warned food and drink inflation is anticipated to be as high as 10 per cent this year, higher than earlier estimations. In a trading update ahead of its AGM, The Restaurant Group (TRG) said its cost pressures had been exacerbated by the war in Ukraine. Food and drink inflation was [...]
Snapchat’s shares slump as chief exec warns against revenue and hiring slowdown May 24, 2022 Snapchat has warned it would be slowing its hiring process, warning investors that revenue would slow in the coming months, hitting the low-end of estimates.
Geopolitical shock: regime change in inflation and monetary policy May 24, 2022 Globalisation is besieged on multiple fronts. Two years after the outbreak of the Covid-19 pandemic and amid growing geopolitical unrest, the decades-long disinflationary headwind has reversed. Many multinationals have taken steps to address the disruptions to their ultimately brittle global value chains. These companies are re-orienting to prioritise availability over cost-optimisation. This process manifests in [...]
Cost of living crunch: Grocery price inflation hits highest level in 13 years as households struggle to pay bills May 24, 2022 Grocery price inflation has now hit the highest level since May 2009, with almost a quarter of households saying they are struggling to make ends meet. Supermarket prices have risen seven per cent over the past four weeks, according to the latest grocery sales data published by Kantar this morning. Products to see the sharpest [...]
Greencore revels in rising revenues powered by food-to-go services and acquisitions May 24, 2022 Convenience food manufacturer Greencore Group has enjoyed a 33.6 per cent boost in revenues, according to its latest half-year update.
Topps Tiles hails record turnover with Brits still hooked on home repairs May 24, 2022 Topps Tiles, the UK’s largest tile specialist, has hailed a record turnover for the first half of the year, with Brits still hooked on repairing and improving their homes following the easing of lockdown restrictions. The London-listed retailer snagged £199m in the six months to 2 April, up more than 15 per cent in comparison [...]
Cranswick cooks revenue above £2bn for first time as the food firm weathers supply and labour storm May 24, 2022 UK food producer Cranswick cooked up a revenue above £2bn for the first time, with adjusted group operating margin maintained at seven per cent.