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Markets & Economics

  • BHP backs Kabanga nickel mine development with $50m investment to boost ESG plans

    January 10, 2022

    BHP has invested $50m to develop a nickel sulphide deposit in Tanzania, as it looks to continue its transition away from fossil fuels.

  • Chariot’s shares enjoy wild ride up the London Stock Exchange after it discovers gas at offshore well

    January 10, 2022

    Chariot’s shares galloped 44 per cent up the FTSE AIM All-Share after it discovered more gas than expected at its offshore well in Morocco.

  • Octopus Renewables continues expansion with three new electricity deals in Scotland, Sweden and Finland

    January 10, 2022

    The renewable investment arm of Octopus Energy Group has signed three new corporate and utility power purchase agreements.

  • Growing Brexit headache for UK businesses as strict new import rules lay bare British traders lack the skills

    January 10, 2022

    With Britain’s businesses having to declare imports of all EU goods as of 1 January, experts have told Morning Wire UK firms lack the skills and expertise to handle the increase in declarations. Their warning is underpinned by the Institute of Export & International Trade, saying it reported a 379% increase in enquiries to its technical helpline last [...]

  • Three in four small business owners worried about rising inflation this year

    January 10, 2022

    71 per cent of UK small business owners are concerned about rising inflation, according to new analysis from Iwoca.

  • Cost of living crisis: Millions of savers miss out as UK banks pocket profits from higher interest rates

    January 10, 2022

    The UK’s major banks have failed to pass on last month’s interest rate rise to millions of savers, according to Moneyfacts.

  • Aldi had its best Christmas ever as sales go through the roof

    January 10, 2022

    Aldi has hailed its “best ever” Christmas sales as trading rebounded in December. The discount supermarket chain revealed that sales increased by 0.4 per cent against the same month last year, when sales across grocery stores had been buoyed by lockdown measures across hospitality firms. Aldi claimed figures from research firm Kantar show it was [...]

  • London markets dip as investors pour out of housebuilders

    January 10, 2022

    London markets dipped today driven by investors pouring out of housebuilders after the UK government signalled it will clamp down on them shunning fixing Britain’s cladding crisis. The capital’s premier FTSE 100 index closed 0.53 per cent lower at 7,445.25 points, while the mid-cap FTSE 250 index, which is more aligned to the health of [...]

  • Retailers fighting for every inch of warehouse space as e-commerce boom rapidly increases storage shortage

    January 10, 2022

    A surge in demand for logistics sites in 2021 is increasingly leading to a shortage of warehouse space, according to new data. Experts at real estate advisory firm Colliers said the take-up for large industrial distribution warehouses increased to record annual levels. Around 50.7 million sq ft of large distribution warehouses were snapped up in [...]

  • All eyes on yields this week after latest job data points to even tighter labour market amid record vacancies

    January 10, 2022

    It was a week of two halves for European equity markets last week, getting off to a flyer in the first three days with the Stoxx600, setting a new record high, along with the CAC40 and the FTSE100 moving above 7,500 for the first time since February 2020. The latter part of the week turned [...]

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