Bitcoin flat again as investors wary of next Russia move February 17, 2022 Bitcoin is down slightly this morning, falling 0.5 per cent to $43,761 while Ethereum has also dropped back somewhat, dipping 1.45 per cent.
Coffee sales drive Nestlé growth while plant-based food momentum swells February 17, 2022 Sales of coffee products have driven Nestlé’s organic growth while total reported sales hit a sum worth £69.46bn. In full-year results for 2021, the world’s largest food and beverage company said total reported sales increased 3.3 per cent to 87.1bn in Swiss currency. Organic growth stood at 7.5 per cent, driven by strong momentum for [...]
Standard Chartered unveils share buy-back and ramps up bonuses as profits rebound February 17, 2022 International banking group Standard Chartered reported a rebound in profits to $3.9bn today and announced a $750m share buy-back as it begins to recover from a pandemic slump.
Andrew Bailey fell asleep on inflation and now it is workers who will face the flames February 17, 2022 Is there a comfortable chaise longue in the office of Andrew Bailey, Governor of the Bank of England? I think we should be told. Because it has become apparent that the Bank has been asleep on the job. In the year to December 2021, consumer prices rose by 5.4 per cent. We have to go [...]
Exclusive: UK investors turn to cash savings as financial confidence dips February 17, 2022 Brits are taking a cautious approach to investing in 2022 with the vast majority opting to keep money in cash savings.
Brits to face permanently higher prices if rising wage and energy bills persist February 17, 2022 Consumers will face permanently higher prices for products if rising wages and energy costs persist, reveals fresh research published today. Services firms are raising prices at the fastest pace on record to alleviate severe margin pressure stemming from rising bills, according to a survey by Lloyds Bank. Soaring staffing and energy bills are sending costs [...]
London markets edge higher as investors shrug off another hot inflation print February 16, 2022 London markets were muted yesterday as investors digested the implications of another red hot UK inflation print. The capital’s premier FTSE 100 index edged down 0.07 per cent to 7,603.78 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.11 per cent to 21,828.94 points. [...]
Brits brace for multi-pronged living standards crunch as inflation hits new 30-year high February 16, 2022 Brits will be hit by a multi-pronged squeeze on their living standards this year, economists are warning after new figures published today revealed inflation has climbed to a fresh 30-year high. A combination of accelerating price rises, tax hikes and higher interest rates will erode Brits’ finances at the worst rate since the late 1940s, [...]
Barrick Gold unveils $1bn share buyback scheme amid rising copper production February 16, 2022 Barrick Gold has announced a $1bn share repurchase scheme, alongside a six per cent rise in its fourth quarter profits.
The race to replace the ISS: ‘A full-scale industrial revolution and we’re at the very start of it’ February 16, 2022 The race for a commercial space station is officially a-go, with businesses poised for a new privately funded post to orbit Earth by the end of the decade. Nanoracks, Voyager Space and Lockheed Martin are collaborating to develop a free flying commercial space station known as Starlab. While London’s Space Entertainment Enterprise (SEE) has teamed [...]