London economy contracts as rampant inflation chills spending December 12, 2022 London’s economy contracted last month as it is squeezed by roaring inflation and swelling business costs, a new survey out today shows. Rampant price rises prompting a spending slowdown from consumers sent a chill through businesses in November, according to NatWest’s purchasing managers’ index (PMI). The high street bank’s PMI dropped to a 22-month low [...]
City braces for final economic figures before Christmas break December 11, 2022 The City is bracing for a string of big economic announcements in what will be the final busy week of news before the Christmas break. Tomorrow, fresh gross domestic product (GDP) figures from the Office for National Statistics (ONS) are expected to show the UK economy recovered in October. But, the 0.4 per cent growth [...]
Exclusive: Change in capital gains allowance causes mass exodus of landlords looking for quick sale December 11, 2022 THE reduction in Capital Gains Allowance is an “unwelcome blow” and has seen the number of landlords looking to sell up hit a 13-year high. Jeremy Hunt announced that the amount you can make from the sale of certain assets before paying tax will fall from £12,300 to £6,000 in April and then to £3,000 in [...]
Friendly competition: Macron and Sunak joke ahead of England-France game December 10, 2022 French President Emmanuel Macron and UK Prime Minister Rishi Sunak have shared a few jokes on Twitter ahead of tonight’s England-France game. Macron said he was looking forward to tonight’s game, asking the PM whether he would wish France good luck in the semi-final, if Les Bleus were to beat England later today. “Dear Rishi [...]
MWek Solutions launches Regulatory Outsourcing and Technology business December 9, 2022 | Sponsored MWek Solutions comes to the market at a time of need, where regulatory and compliance uncertainty combined with opaque market activity has caused immeasurable damage. For those businesses left, having the correct internal processes in place have now become a priority for future success. Regulations and compliance will become a necessity and not a nice [...]
Regime shift: investing into the new era December 9, 2022 | City Talk As this economic cycle ends, we shouldn’t expect to see the patterns of the past decade repeated. A new regime in policy and market behaviour is unfolding which investors need to understand if they are to find the best opportunities and safeguard their portfolios. The re-opening of economies after Covid sparked a phenomenon investors have [...]
FTSE 100 dogged by investors souring on Ashley’s Frasers Group December 8, 2022 London’s FTSE 100 was dogged down today by retail tycoon Mike Ashley’s Frasers Group sinking to the bottom of the index. The collection of the capital’s top companies dropped 0.23 per cent to 7,472.17 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.56 [...]
Incorporating business purpose into corporate social responsibility: how and why December 8, 2022 | Sponsored Consumers, candidates and society, in general, seek to live in and create a much fairer world where the organisations they purchase from or are employed by mirror their personal values and purpose. This fairer world benefits all of us – especially young people facing a rapidly changing world. More and more organisations are placing social [...]
UK jobs market wobbles after months of defying economic reality December 8, 2022 The UK jobs market is looking increasingly fragile after months of defying economic gravity, a new survey out today reveals. KPMG and the Recruitment and Employment Confederation’s (REC) permanent hiring index came in at 46.4 points last month, below the 50 point mark that separates growth and contraction. Despite the index indicating businesses are cooling [...]
FTSE 100 knocked by BP and Shell tumbling as oil prices slump December 7, 2022 London’s FTSE 100 was dragged down today by BP and Shell sinking on oil prices taking a tumble. The capital’s premier index fell 0.43 per cent to 7,489.19 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.89 per cent to 18,930.57 points. Oil [...]