Three companies that could avoid inflationary pressures June 21, 2022 | City Talk Fears of inflation and rising interest rates have hit the global stocks market this week. We look at three companies that could weather the storm. 1. Compass Group’s Compass Group revealed an impressive comeback from the Covid pandemic at its recent results and a share buyback programme. The catering firm plans to return £500 million to shareholders through [...]
British factories pare back price hike intentions on cooling demand June 21, 2022 British factories’ are paring back their expectations of price hikes in a sign that inflation may be beginning to ease, reveals a closely watched survey published today. The proportion of manufacturers planning to raise prices over the next three months fell to 58 per cent in June, the lowest level since September and down from [...]
Public sector workers’ pay growth lags private staff June 21, 2022 Public sector pay growth is lagging behind wage rises in the private sector, a closely watched survey published today reveals. Brits employed by taxpayer funded services such as the NHS and schools received an average pay rise of 1.4 per cent over the last year, compared to a three per cent bump for those working [...]
Industrials bump London’s FTSE 100 higher as investors focus on proven dividend payers June 21, 2022 London markets were bumped higher this morning by investors pouring into industrial giants. The capital’s premier FTSE 100 index climbed 0.59 per cent to 7,163.79 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.61 per cent to hit 19,127.22 points. Investors are seemingly [...]
Nuclear conflict: why we must consider the risks June 21, 2022 | City Talk In the wake of Russia’s attack on Ukraine, the risks of nuclear conflict have become clearer both inside and outside the world of finance. Yet many market watchers have simply thrown up their hands under the mistaken assumption that when it comes to nuclear weapons, nothing they do will matter. Such a philosophy is inadequate on [...]
World gets Covid reality check as next Omicron wave is building rapidly: Coronavirus infections surging and masks returning June 21, 2022 It is becoming increasingly evident that the next global Covid wave is building fast as Coronavirus is regrouping and growing rapidly in strength in dozens of countries around the world. From Asia to Europe to South America, infection rates are rising, forcing dozens of governments and authorities to consider new measures. Mask use is surging [...]
London markets kick off new week in positive fashion June 20, 2022 London’s top indexes kicked off the new trading week in positive fashion today, continuing a trend of wild swings on global markets. The capital’s premier index surged 1.5 per cent to close at 7,121.81 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.45 [...]
Rates will need to rise faster to prevent sticky inflation, BoE official warns June 20, 2022 Interest rates will need to rise faster to stop inflation from being “embedded” in the UK economy over the long-run, a top Bank of England official warned today. Catherine Mann, a member of the Bank’s nine-strong rate setting committee, said “a robust policy move… reduces the risk that domestic inflation already embedded is further boosted [...]
German factory prices surge at fastest pace since 1940s June 20, 2022 German factory prices are accelerating at the quickest pace since the late 1940s, propelled by Russia’s invasion of Ukraine lighting a fuel under European energy prices, official stats published today revealed. Producer prices jumped 33.6 per cent over the year to May, the biggest rise since Germany’s statistics agency started tracking the data in 1949. [...]
Bank of England drops mortgage market affordability test after less than a decade June 20, 2022 The Bank of England said this morning that its Financial Policy Committee will withdraw the so-called mortgage market affordability test. “Following its latest review of the mortgage market, the Financial Policy Committee has confirmed that it will withdraw its affordability test Recommendation,” the BoE said in a statement. This will come into effect from 1 [...]