Chicken boss warns food prices could rise 15 per cent this year amid war in Ukraine March 14, 2022 A food industry leader has warned prices could rise up to 15 per cent this year as a result of Russia’s invasion of Ukraine. 2 Sisters CEO Ronald Kers told the BBC’s Today programme it had already been forced to pay 50 per cent more for the chicken it receives from farms. Russia and Ukraine [...]
Fridays owner Hostmore revenue soars in maiden results as CEO warns of ‘challenges raised by Ukraine crisis’ March 14, 2022 Fridays owner Hostmore has reported revenue standing at £159m as the hospitality operator strikes out on its own after a demerger. Hostmore made its debut on the London Stock Exchange last November after it was made a separate entity from Electra Private Equity. Now, in results for the 53 weeks ended 2 January 2022, the [...]
New business growth in London at eight year high amid concern about inflation and input costs March 14, 2022 New business activity in the capital has reached an eight-year high, but optimism remains cautious with rising inflation and pressures on input costs. There has been a resurgence in trade across the London, with growth rising from 57.3 per cent in January to a three month high of 63 per cent, in February. Growth reported [...]
Russia-Ukraine war raises spectre of UK recession March 14, 2022 Russia’s invasion of Ukraine risks plunging the UK economy into recession by propelling inflation to historic levels, according to a new report released today. Soaring food and energy prices triggered by the conflict could send the cost of living for the poorest households in the UK above 10 per cent, research published today by the [...]
Week ahead: City eyes jam-packed week of economic data and announcements March 13, 2022 Investors’ focus on developments in the Russia-Ukraine conflict may be pulled away by a week of jam-packed flagship economic announcements and data. Last week was an extremely volatile one for London’s premier FTSE 100 index, swinging from a low of 6,674 to a high of 7,672. It eventually finished up 2.41 per cent. Wild market [...]
Most millennial investors think they will be financially stronger after the pandemic March 11, 2022 More than 60 per cent of millennial investors believe they’ll be financially stronger after the pandemic then before it. While coronavirus had a devastating impact on many parts of the economy, those aged 18-34 saw it as an opportunity to enter different markets. The majority of millennials looked to adapt to the ‘new normal’, according [...]
Consumer lending surges as war, inflation and post-pandemic impact bite March 11, 2022 Consumer lending experienced a 51 per cent increase in January 2022 from the previous year, as concerns about Russia’s war in Ukraine, rising costs of living and inflation continue to bite. The sector for credit cards and personal loans had a major spike with a 55 per cent, according to new figures released by the [...]
What does Biden’s Bitcoin Bill mean for the future of crypto, and what needs to happen next? March 11, 2022 President Joe Biden finally inked an Executive Order over cryptocurrency this week, but what does it mean for Bitcoin and co?
What impact could the US-UK Russian oil ban have on Tesla’s share price? March 11, 2022 The Tesla (NASDAQ: TSLA) share price began 2022 at a near-record $1,200 after record quarterly deliveries of its electric vehicles (EVs). However, rising inflation and Omicron worries saw it fall to $764 by 23 February. Then Russia began its invasion of Ukraine, and Tesla shares rocketed to $880 on 2 March as the implications for oil were [...]
War in Ukraine continues to dominate the economic narrative March 11, 2022 For the third week running there is only one subject that dominates the Friday update – the ongoing fallout of the Russian invasion of Ukraine.