Investors pile into bets against Cineworld as it tops list of most shorted stocks March 31, 2022 Investors have piled into bets against UK cinema firm Cineworld to make it the UK’s most shorted company, new data has revealed.
Employers struggling to retain graduates amid cost of living squeeze and tight jobs market March 31, 2022 Employers are struggling more than usual to retain graduates amid a highly competitive jobs market, reveals a fresh survey released today. Graduate churn has reached its highest level since record began in 2011, according to the Institute of Student Employers (ISE). Firms are now retaining just over seven in 10 graduates three years after they [...]
Saving it away for a rainy day? Now you just have to keep it there as costs spiral March 31, 2022 Over many decades, thousands of column inches have lamented the state of financial education and hours of speeches have been delivered by politicians vowing to fix it. When this hasn’t proven forthcoming, it’s fallen to bloggers and influencers to fill the education gap. Now, as we navigate the harshest cost of living crisis for generations, [...]
Johnson says Ukrainian refugees can help ease UK labour shortages March 30, 2022 Tens of thousands of Ukrainian refugees set to come to the UK will help ease the country’s labour shortages, Boris Johnson has said. The Prime Minister said “one of the problems our economy has” is “the need for more pairs of hands to do crucial jobs and one of the things the Ukrainians will be [...]
Raising taxes on working people is ‘bananas’, economists warn March 30, 2022 Raising taxes on working people while shielding other forms of income from levies is “bananas,” according to a top wonk’s analysis of chancellor Rishi Sunak’s spring statement. Hiking employers and employees national insurance contributions 1.25 percentage points in April instead of using income tax to raise revenue is the “opposite of what everybody thinks we [...]
BlackRock President: Entitled generation should prepare to sacrifice amid surging inflation March 30, 2022 BlackRock’s Rob Kapito said an entire generation should “put on seat belts” as the economy feels the impact of high inflation. “For the first time, this generation is going to go into a store and not be able to get what they want,” the president of the $10 trillion asset manager said of shortages, Bloomberg [...]
Broadband startup Cuckoo calls on industry to abolish exit fees and end £1.3bn price hikes March 30, 2022 Broadband exit fees and above-inflation price rises should be scrapped as UK customers face a cost of living crisis, the CEO and founder of broadband firm Cuckoo Alex Fitzgerald has demanded.
Huel: No rush for IPO as meal replacement drinks biz passes £100m revenue March 30, 2022 The CEO of start-up Huel has said its £1.50 meal replacement drinks offer struggling households affordable nutrition as inflation skyrockets. “We feel we can support [people in the cost of living crunch,] given our products start at £1.50 a meal,” CEO James McMaster told CityA.M. Households are facing sharp grocery bill increases this spring, as [...]
Shepherd Neame anticipates hit to margins amid soaring inflation as brewer returns to profit March 30, 2022 Brewer and pub operator Shepherd Neame has said it anticipates a hit to margins from inflationary pressures in the coming months. “Our business is in good shape and has traded well following the lifting of all restrictions. However, the current economic uncertainties are putting inflationary pressure on the sector which will impact margins,” Jonathan Neame, [...]
Despite what we wish, there are no miracle economics Rishi can pull out of his hat March 30, 2022 The economic pressures now known as “the cost of living crisis” were at the core of the criticism of the spring statement last week. Those who once eulogised the Chancellor have now been selling their stocks of Sunak. While much of the commentary is unfair, politics is a trade in which the concept of fairness [...]