Inflation expected to soar above eye-watering 40-year highs as cost of living onslaught deepens July 19, 2022 When official figures lay bare the extent of the mounting cost-of-living crisis on tomorrow morning, UK inflation is expected to soar even further above current eye-watering 40-year highs. The latest figures from the Office for National Statistics (ONS) will show Consumer Prices Index (CPI) inflation rose to at least 9.3 per cent in June, up [...]
Steaming inflation cuts Brits’ spending power at fastest pace on record July 19, 2022 The number of Brits in full time work reached record highs in the three months to May as unemployment rates held at 3.8 per cent, official figures have revealed today.
Scenario planning on the ‘net zero’ energy transition July 19, 2022 For investment managers, prioritising one scenario over all others can have far-reaching consequences. This is especially true when it comes to the energy transition to ‘net zero’ greenhouse gas emissions – achieving a balance between carbon emitted into the atmosphere and carbon removed from it – quite literally a hot topic at present as a [...]
Yü Group anticipates sharp rise in revenues as it prepares smart meter rollout July 19, 2022 Yü Group has posted a bullish trading update, with the challenger supplier expecting a 90 per cent boost to half-year revenues.
Explainer-in-brief: A long journey of pain for pubs July 19, 2022 It’s a tricky time for pubs – again. Amidst rising energy costs and staff shortages, pubs are struggling to keep their doors open. Fifteen per cent of independent pubs surveyed by the British Institute of Innkeeping said their business is no longer viable. Just days ago the giant JD Wetherspoon warned that higher labour costs [...]
Bosses weigh up closing hospitality and leisure businesses as high energy prices take their toll July 19, 2022 Companies operating within the hospitality and leisure sector are struggling to tame high energy bills, revealed eEnergy.
NatWest will provide £1.25bn in aid to farmers facing inflation July 18, 2022 NatWest will offer farmers a £1.25bn lending package amidst surging inflation in the UK. This package follows earlier support and takes the bank’s total lending for the agriculture sector to more than £6.7bn. The capital will be deployed through loans, asset finance, and higher overdraft limits, and will also help farmers transition to more sustainable practices [...]
What a new world order might mean for the global economy July 18, 2022 Russia’s invasion of Ukraine has opened fault lines between nations which will affect trade relations and investment for years to come. The war in Ukraine is already having a significant effect on inflation and activity in the world economy as commodity prices have soared and supply chains have been disrupted. Inflation in the G7 was [...]
Gas prices could be separated from renewables in market shake up to lower energy bills July 18, 2022 Gas prices could be separated from the costs of electricity produced by renewables, radically reducing the UK's exposure to volatile gas markets.
Week ahead: More inflation woe to pile pressure on Bank of England to act July 17, 2022 Inflation bumped higher last month, reinforcing pressure on the Bank of England to motor through rate hikes, according to City analysts. London’s premier FTSE 100 index notched a poor performance last week, losing a shade over 0.5 per cent to finish at 7,159.01 points. The domestically-focused mid-cap FTSE 250 index, which is more aligned with [...]