Brits’ experience of previous Covid-19 curbs to quash Omicron GDP hit January 12, 2022 Brits’ resilience and ability to rapidly adapt in the face of soaring Covid-19 infections will insulate the UK economy from the Omicron variant, according to City economists. Experience of previous periods of curbs on daily life implemented by the UK government to tamp down on transmissions has resulted in businesses and consumers being able to [...]
Near-four decade high US inflation print piles pressure on Federal Reserve to act January 12, 2022 Inflation in the US is roaring at the fastest rate since 1982, piling pressure on the Federal Reserve to act now to tame the soaring cost of living across the pond. Prices are seven per cent higher than they were a year ago in December, according to official statistics published by the US Bureau of [...]
Nickel prices rise to 10-year highs as car giants embrace electric vehicles January 12, 2022 Nickel prices surged to decade-highs on Wednesday, as car giants scramble to secure supplies for electric vehicle batteries as the market booms.
Savills reports ‘extraordinarily strong’ trading as shares jump eight per cent January 12, 2022 UK estate agent Savills has seen its share price soar after it lifted profit guidance for 2021 amid "extraordinarily strong" trading.
Philips’ shares plummet amid supply chain woes and mass recall of ventilators January 12, 2022 Shares in Dutch conglomerate Philips plummeted 14.2 per cent, after it warned earnings would suffer from supply chain chaos.
US economy ‘no longer needs’ stimulus, declares US Fed chief January 12, 2022 The US economy “no longer needs or wants” ultra-stimulative monetary policy, the chief of the Federal Reserve said yesterday. Jerome Powell told US lawmakers, who were grilling him before deciding on whether to back him to stay in charge of the world’s most influential central bank, that the American economy is strong enough to absorb [...]
Carillion hearing: KPMG partner says he was let down by junior colleagues January 12, 2022 A former KPMG partner, who signed off an audit giving debt-laden Carillion a clean bill of health, blamed junior staff at an FRC hearing.
UK households face biggest decline in available cash for eight years January 12, 2022 UK households are feeling the pinch as energy bills soar, the cost of living rises and Covid-19 restrictions continue to impact business.
Dunelm revels in sales growth and anticipates full-year profits ahead of market expectations January 12, 2022 Dunelm expects full-year profits before tax to be "materially ahead" of expectations after strong second-quarter sales.
DFS shares jump eight per cent following strong half year sales January 12, 2022 Furniture seller DFS has reported strong interim sales causing shares to climb 3 per cent despite warnings of a challenging business environment.