FRP Advisory posts lifted revenue while restructuring administration activity still ‘subdued’ December 16, 2021 Professional services firm FRP Advisory Group has announced soaring revenue in its half year results, pushing shares up on Thursday morning. However, the advisory service said the extension of government support for businesses over most of the the first half of 2022 had “resulted in restructuring administration activity remaining subdued.” The company’s operational markets had [...]
Outlook 2022: UK equities December 16, 2021 The UK holds many mispriced opportunities for stockpickers. Pick-up in M&A activity is striking. Stock market fit for the future. Sue Noffke, Head of UK Equities: UK shares remain cheap because of the perceived significant political and economic risks of Brexit, which continue to linger and depress the valuation of the UK stock market. We [...]
Decade-high inflation print dials up pressure on Bank of England to hike rates December 15, 2021 Pressure on the Bank of England to hike rates is dialling up amid swelling energy bills causing inflation to skyrocket to its highest level in over a decade. The cost of living climbed to 5.1 per cent last month, according to data released by the Office for National Statistics (ONS) today, smashing analysts’ expectations and [...]
Energy suppliers to face financial stress test as Ofgem grapples with winter crisis December 15, 2021 Ofgem has announced a raft of reforms to fix the energy sector following 25 suppliers collapsing in the past three months
Soaring fuel and clothes prices push inflation to 5.1 per cent, its highest level in a decade December 15, 2021 Spiralling prices in transport and retail have pushed inflation to its highest level for a decade piling pressure on the BoE to hike rates.
UK businesses resist hiking prices despite cost assault December 14, 2021 UK businesses are swallowing swelling costs in a bid to avoid wiping out demand by hiking prices, reveals fresh research published today. The chasm between the amount it costs firms to produce goods and the price they charge for their products has widened to the largest on record, research by Lloyds Bank found. Soaring costs [...]
Record volume of UK factories hike prices in bid to survive inflation assault December 13, 2021 UK factories are hiking prices en masse in a bid to withstand an inflation onslaught, reveal fresh figures released today. A record number of British factories are raising prices as the sector scrambles to offset swelling costs to protect margins, research by BDO and Make UK found. The “eye watering impact of escalating cost pressures” [...]
Nexus Infrastructure rebounds from pandemic and returns to profit December 10, 2021 Nexus Infrastructure has rebounded from challenging pandemic conditions, with revenues rising to £137m in its latest results.
Labour’s Rachel Reeves would support cut to UK basic rate of Income Tax December 9, 2021 Rachel Reeves has said she would support a 2p cut to the basic rate of UK Income Tax amid reports that Rishi Sunak is considering the measure. The shadow chancellor told City A.M. in a wide-ranging interview that she “would like to see the chancellor do it”, but described reports of Sunak’s potential tax cuts [...]
Citizens Advice accuses Ofgem of failing to act against unfit energy suppliers ahead of gas price crisis December 9, 2021 Citizens Advice slammed Ofgem yesterday for failing to act against unfit energy suppliers before the ensuing gas price crisis.