US economy smashes Wall Street expectations as GDP accelerates at quickest pace since 1980s January 27, 2022 The US economy is powering faster than Wall Street can keep up with as the recovery across the pond continues to gather momentum. Stateside GDP growth came in at 6.9 per cent in the final three months of last year, the US Commerce Department said today. Experts had been pencilling in a 5.5 per cent [...]
Is the IMF scared about the future of finance? January 27, 2022 Nigel Green says the IMF's actions are baffling, and asks 'is the IMF scared of cryptocurrency'?
Plan B curbs sweep away retail sales as Brits shun high streets January 27, 2022 Plan B curbs that swept Brits away from the high street and offices throttled UK retailers this month, reveals a closely watched survey published today. The re-emergence of restrictions on daily life that dragged on throughout January hit high street sales, according to research carried out by the UK’s largest business group, the Confederation of [...]
Diageo sales leap as Guinness maker warns ‘near-term volatility to remain’ January 27, 2022 Guinness maker Diageo toasted to the reopening of hospitality as it reported a leap in half-year sales. In an update on Thursday, the drinks giant reported net sales of £8.0bn, up 15.8 per cent. Its operating profit hit £2.7bn, a jump of 22.5 per cent. Bosses thanked a resilient demand from drinkers at home as [...]
Mike Cherry interview: Now is not the time to saddle small businesses with higher taxes January 27, 2022 The pandemic has been a bumpy ride for Britain’s entrepreneurs and small businesses. Trying to navigate the choppy waters of the government swinging between tougher and looser restrictions to tame Covid-19 has been fraught with risk and uncertainty. But, one thing seems for sure: the looming heavier tax burden will weigh heavily on small firms, [...]
Soft drink maker Britvic posts boosted revenue amid warnings of inflation ‘across business’ January 27, 2022 Soft drink maker Britvic has reported soaring quarterly revenue even as hospitality venues were impacted by a return of Covid measures last month. The FTSE-250 firm posted total revenue hit £373.9m on a constant currency basis, up 16.5 per cent compared to the October to December period in the previous financial year. Total revenue rose [...]
US Federal Reserve tells markets to buckle up for end of stimulus January 26, 2022 The US Federal Reserve yesterday told investors to strap in for a rapid unwinding of the wave of cheap cash that has flooded global financial markets. The most influential central bank sent the strongest signal yet that the era of ultra-loose monetary policy is coming to end. The Fed’s committee of rate setters said they [...]
THG rally provides some relief for Moulding January 26, 2022 Shares in beleaguered e-commerce firm THG rallied today following a difficult two weeks which has seen the firm’s share price plummet to over 85 per cent below their initial flotation price.
Average nightclub business in £230k worth of debt as sector calls for support January 26, 2022 The average nightclub business is burdened by debt topping £230k thanks to the pandemic, with sector bosses calling for more support. Clubs are no longer required to ask revellers to show their NHS Covid Pass on entry, however the sector has said a full Covid recovery was far away. The Night Time Industries Association (NTIA) [...]
Food and drinks industry call for CO2 deal to head off shortages on shelves January 26, 2022 The food and drink industry has warned the UK of potential shortages without a new agreement on CO2 supplies.