European chemical companies could take a hit as valuations decline amid soaring commodity prices May 25, 2022 Investment guidance for European chemicals companies is too optimistic, warned financial services group Morningstar.
More Brits feel disengaged, demotivated or anxious as rising cost of living feeds stress levels May 25, 2022 Our headlines in recent weeks have been dominated by the latest inflation figures, reaching a 40 year high of 9 per cent, as well as the cost of living crisis, which is raging on. As the nation and the media come to terms with the prospect of a recession, one crucial impact of the UK’s [...]
UK economy is ‘grinding to a halt’ amid cost of living crisis May 25, 2022 The UK economy is “grinding to a halt” as a tightening cost of living squeeze sends a chill through private sector activity, reveals a closely watched survey. Households are cutting spending in response to rampant inflation eroding their budgets, weighing heavily on the UK’s services sector, the country’s economic engine. Activity among services firms dropped [...]
SSE teases mega investment plans to fight off prospect of a windfall tax May 25, 2022 Energy giant SSE has reported a 15 per cent boost in profits and a 23 per cent rise in earnings per share, driven by record investment this year.
Price cap to spike again: Watchdog warns worst is still to come for energy prices May 25, 2022 Already sky-high energy prices are set to spike again in October, according to the energy watchdog, taking the power out of the UK's growth prospects.
National Grid calls for local energy pricing to drive down household bills May 25, 2022 The National Grid has called for the break-up of the electricity market so that different prices are charged in different parts of the country.
City spooked by more signs of cost of living crunch chilling UK economy May 24, 2022 More signs of the cost of living crunch cooling the UK economy weighed on market sentiment in London during opening exchanges today. The capital’s premier FTSE 100 index dropped 0.39 per cent to 7,484.35 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, tumbled 1.47 [...]
Ralph Lauren boosts sales forecast as wealthy shoppers undeterred by price rises May 24, 2022 Luxury fashion brand Ralph Lauren upped its sales forecast for the year after resilient demand for designer clothes and accessories. The New-York based retailer said it was anticipating improved margins after robust demand from its largest markets in North America and Europe. Its core customer base of higher-income shoppers has been unaffected by the rising [...]
City banks and insurers will book £330bn climate change loss without action to control impact May 24, 2022 The City could lose as much as £330bn over the next three decades if the UK fails to tackle climate change, the Bank of England said today. Firms will struggle to pay back loans due to costs swelling as a result of higher carbon prices, according to conclusions drawn by the Bank from its first [...]
There is a fundamental flaw in the crypto economy May 24, 2022 VJ Angelo, CEO of Inspira Wealth, highlights cryptocurrency's main flaw - with some good news and bad news.