BT heads for top-line growth thanks to impending price rises May 20, 2022 Berenberg has estimated that BT will return to top-line growth thanks to inflation-induced price rises.
Bank of England hints further interest rates are coming soon to bring down highest inflation in four decades May 20, 2022 As the British economy is hit by high levels of inflation, the Bank of England’s chief economist said today interest rates might need to rise further in the near future. Huw Pill said the 9 per cent inflation rate – the highest in 40 years – is a “very uncomfortable situation” for decision-makers at the [...]
Not much to celebrate for Bitcoin in the fog of war, but have you seen China’s hash rate? May 20, 2022 The price of Bitcoin isn't much to cheer about, but Jason Deane has one intuitive eye on China's rising hash rate.
Nationwide posts strongest results on record on the back of Britain’s booming property market May 20, 2022 The world’s biggest building society, Nationwide, today posted its strongest financial results on record on the back of Britain’s booming property market. The mortgage lender said its underlying profits had more than doubled from £790m for the financial year 2021 to £1,604bn for the financial year 2022. Nationwide said it had performed well across its [...]
Chancellor urged to cut household bills by £200 with ‘retrofit revolution’ May 20, 2022 A group of the UK’s most senior housing figures have called for a "retrofit revolution" to cut down household bills.
April retail volumes continue on downward trend amid cost of living crisis May 20, 2022 Retail sales volumes continue to go downward amid the cost of living crisis. According to the Office for National Statistics, volumes rose 1.4 per cent in April following a 1.2 per fall in March, while values went up by 1.9 per cent. But looking more broadly, in the three months to April, sales volumes fell [...]
Richest chancellor in history: Rishi Sunak and wife Akshata Murty enter UK Rich List with £730m fortune May 20, 2022 Chancellor Rishi Sunak and his wife Akshata Murty have made this year’s Sunday Times Rich List – for the first time – with their joint £730m fortune as Russian billionaires tumbled down this year’s rankings. It comes after the Chancellor and his wife’s finances have come under intense scrutiny in recent months. Last month, it [...]
Over 60? Supermarket giant Iceland to fight cost-of-living crisis by giving older shoppers 10 per cent discount May 20, 2022 Frozen food chain Iceland is set to introduce a discount for seniors as Britons struggle with soaring prices. The supermarket chain has announced that, from May 24, customers aged over 60 will receive a 10 per cent discount on their groceries every Tuesday with no minimum spend. In order to redeem the discount, senior shoppers [...]
Brits’ optimism tumbles to new depths, below financial crisis and Covid-19 lockdowns May 20, 2022 Rampant inflation, tax hikes, swelling food and energy bills and the Russia-Ukraine war has sent Brits’ optimism to its lowest level ever, reveals a closely watched survey published today. UK households are now even more pessimistic than they were when the world was in the teeth of the global financial crisis in 2008 and during [...]
London ensnared by global market turmoil as recession jitters spread May 19, 2022 The City was ensnared by a global market sell off today driven by investors ditching stocks over fears soaring inflation will tip major economies into recession. Britain’s biggest companies shed around £40bn today. London’s premier FTSE 100 index tumbled just under two per cent, taking its total losses for the year so far to nearly [...]