Rio Tinto warns of heavy $400m hit to earnings as Covid-19 hampers production July 16, 2022 Rio Tinto has warned COVID 19-related labour shortages and rising inflation would damage its earnings in the second half of 2022.
Andrew Bailey’s confusion over inflation is a worrisome precedent for policy-making June 10, 2022 The Bank of England’s Monetary Policy Committee (MPC) will meet again next week to assess inflation. In the last two years the Bank’s inflation forecast has proven systematically wrong, showing a fundamental error in the models and rationale used. In a conference hosted by the Austrian national central bank last month, the Governor of the [...]
Growth in UK manufacturing sector plummets to 13-month lows April 1, 2022 Growth in the UK’s manufacturing sector has plunged to its lowest levels in more than a year, due to the impacts of soaring inflation, supply shortages, and the war in Ukraine. The rate of expansion in the UK’s manufacturing sector has dropped to its lowest levels in 13 months, according to S&P Global’s Purchasing Managers [...]
Russians learn the only thing worse than social media is no social media March 18, 2022 This week, Instagram feeds in Russia went dark. With Facebook already blocked, Twitter access restricted and a threat of the same to Youtube, the Russian state is silencing fora of dissent. In this column, I have often criticised the social media giants. Their business models are built on their ability to surveil you. They have [...]
Q&A: what is COP15 and why should investors care? December 1, 2022 The UN biodiversity summit COP15 is taking place in Montreal, Canada, next month. We explain why it matters. COP27, the UN climate summit, is well-known as the world’s biggest conference on climate change. But many people may be unaware of what COP15 is and why it’s important. In this quick Q&A, we look at why [...]
Liz Truss is determined to ignore reality and push inflation up with price freezes September 15, 2022 It is hard to believe only a week has passed since Liz Truss made the announcement that was set to immediately define the start of her premiership; a blanket cap on energy bills so that the average household pays no more than £2,500 a year. After being harried for weeks by the opposition parties, she [...]
Inspired Energy’s shares slide as concerns over Gazprom Energy’s future mount March 21, 2022 Inspired Energy's shares have sunk on the FTSE AIM All-Share today, warning of a £3m hit if Gazprom Energy ceases trading
A Russian billionaire, the Dyson family, Gym Shark founder and Sting are among 100 of the richest Brits who paid nearly £5.2bn in tax during 2022 January 27, 2023 A Moscow-born billionaire is the UK’s top tax payer, paying more than £487m in just 12 months, according to the Sunday Times’ annual tax list. Alex Gerko, boosted the Treasury’s coffers by more than £1.3m a day or £55,639 an hour during 2023. Gerko, who became a British citizen and renounced his Russian citizenship late last [...]
Belarus joins invasion of Ukraine as troops cross border while 40 mile long Russian convoy nears Kyiv March 1, 2022 Mad March begins in Moscow: ICC to open war crime probe while Shell pulls $3bn out of Russia and Ukraine applies for EU membership.
Ofgem chief urges Brits to reduce their energy usage this winter October 13, 2022 Households should be encouraged to reduce their energy usage this winter to help drive down record bills, argued Ofgem's boss.