BNY Mellon disappoints as first quarter revenue slides by a fifth April 18, 2022 US investment bank BNY Mellon reported net profits of $765m in the first quarter, down by 18 per cent compared to the same period last year.
Goldman Sachs says odds of a US recession 35 per cent in next two years April 18, 2022 The odds of the US facing an economic recession in the next two years have hit 35 per cent according to top Goldman Sachs analysts.
Made in Britain: As Brexit and Covid dismantle supply chains, boom in ‘reshoring’ leads to renaissance in UK manufacturing April 18, 2022 sAs the government admitted last week that there are ‘significant challenges’ to UK stock levels because of Brexit and Covid, is reshoring then perhaps the answer? Last week’s government report, from the Office for National Statistics (ONS), revealed the full extent of tumbling stock levels and broken global supply chains in the wake of Brexit and [...]
Eurozone inflation forecast to double this year as industry confidence plummets April 16, 2022 Inflation in the eurozone is anticipated to double to six per cent this year, piling more pressure on the European Central Bank to hike interest rates. Inflation expectations have shot up from an average of three per cent to six per cent in 2022, according to the ECB’s quarterly survey of economists. This is three [...]
Sizewell C- Creating both Energy and Opportunity April 14, 2022 Julia Pyke, Financial Director, Sizewell C Keeping Consumer Costs Down The focus on energy for many people is price. As gas prices continue to boom, fuel poverty becomes more common. Whilst renewable energy such as wind absolutely has a place in the market. Julia was clear on the advantages that Nuclear brings. The reliability of [...]
ECB leaves interest rates unchanged as it commits to speed up stimulus exit April 14, 2022 The European Central Bank has announced it will leave interest rates unchanged at zero per cent today as it breaks rank with central banks that have hiked rates in recent weeks to tame rampant inflation.
Amazon passes inflation surcharges onto sellers as the ecommerce giant battles rocketing costs April 14, 2022 Amazon is set to introduce a five per cent "fuel and inflation surcharge" as the ecommerce giant grapples with the rocketing costs.
Letters: Inflation puts us back on the brink April 14, 2022 [Re: Inflation reaches 7 per cent as Brits fear cost of living crisis, April 13] The fact that inflation has reached a thirty-year high is a reminder of the huge disparity between the needs of businesses facing financial difficulties and the lack of support from the Government in addressing these challenges. Britain has not seen [...]
Bitcoin picks up, but volumes remain low April 14, 2022 The price of Bitcoin, the leading cryptocurrency by market cap, is up three per cent over the past 24 hours to around $41,100.
Musk’s anarchic vision won’t help Twitter but a subscription model might April 14, 2022 In late January, an unknown investor began quietly building a stake in Twitter. A little over two months later, Elon Musk breached the surface. On April 4th, he revealed a 9.2 per cent stake. Though two days later an official filing corrected that to 9.1 per cent, Musk has become Twitter’s largest shareholder. Poor arithmetic [...]