Britvic shareholders enjoy dividend boost, despite revenue dip November 24, 2021 Robinsons and Tango owner Britvic reported a slight dip in revenue this morning, though the consumer goods group noted positive growth in the UK. Revenue slipped 0.5 per cent to £1.4bn in its preliminary full year results today. While profit after tax jumped more than nine per cent to £103.2m in the 12 months to [...]
The City View: Michael Hewson on problematic consumer spending growth May 17, 2022 Today Andy Silvester talks to Michael Hewson, Chief Market Analyst at CMC Markets. They unpick the latest wage and labour figures, analyse Bank of England governor Andrew Bailey’s comments at the Treasury select committee, go through inflation predictions for 2022, and discuss why current consumer spending growth in the US and UK will be problematic [...]
‘Ignore hype and look at risk’, FCA says as it targets young, inexperienced investors October 20, 2021 Three-quarters of younger investors who invest in high-risk products such as cryptocurrencies say they are driven by competition with friends, family, acquaintances and their own past investments. More than two-thirds (68 per cent) likened placing their money in an investment to gambling. The findings were released by the Financial Conduct Authority (FCA), which has launched [...]
PMI: UK private sector grows at fastest pace in three months October 22, 2021 Growth in the UK’s private sector has grown at the fastest pace in three months, according to a closely-watched survey. The IHS Markit/CIPS flash UK composite PMI report came in at 57.7 more than halfway through October, up from last month’s 54.1 at the same period. Scores above 50 represent growth, while anything below that [...]
Rain and fuel chaos kept shoppers away from the high street October 8, 2021 Shoppers were deterred from the high street last month because of rain and chaos surrounding fuel buying. Total UK footfall dropped by 16.8 per cent in September, compared to pre-pandemic levels, BRC-Sensormatic IQ data found. Out of all regions, London saw the biggest drop of 26.3 per cent, compared to 2019. The city has suffered [...]
Inflation and supply chain crisis to throttle UK economy, IMF warns January 25, 2022 The global supply crunch and roaring inflation will choke UK growth this year, the world’s economic watchdog warned today. A combination of the supply chain crisis rumbling on and the cost of living corroding Brits’ incomes has prompted the International Monetary Fund (IMF) to downgrade their forecasts for UK economic growth this year to 4.7 [...]
Crypto takes centre stage, but Bitcoin is rarely in the amateur dramatics spotlight July 14, 2023 Jason Deane casts an eye over what has suddenly become a week of drama for crypto, yet he notes Bitcoin appears to just carry on regardless.
Yü are welcome here: Ampoweruk’s customers rescued by independent supplier November 8, 2021 Yü Group is taking on over 8,000 customers stranded by Ampoweruk’s collapse last week. It has on-boarded the customers through Ofgem’s supplier of last resort process. They will join the firm on Sunday 7 November. Ampoweruk ceased trading last week alongside three other energy firms. The UK energy sector has been struggling with soaring wholesale [...]
CMA: UK businesses have until New Year to clean up greenwashing claims September 20, 2021 The UK’s competition watchdog has today given British businesses a deadline of the end of the year to resolve any misleading green marketing claims – so-called “greenwashing” – to avoid regulatory action. At the beginning of 2022, the UK’s Competition and Markets Authority (CMA) will carry out a full review of the environmental declarations made [...]
US based Bitcoin spot ETF will be approved by early 2024, mark my words September 1, 2023 Jason Deane rounds off the week by declaring he believes the US will see a Bitcoin spot ETF being approved early next year.