Yes, inflation will fall – but back to Bank of England target? Well, that’s anyone’s guess May 23, 2023 Inflation is definitely on its way down, but no thanks to the Bank of England – well, yet. Most of the drop will be driven by energy price rises falling out of the ONS’s numbers. Tomorrow’s figures are poised to start that descent, with the rate of inflation probably falling to around eight per cent [...]
Deal or no deal? Peel Hunt blames bank bailouts and inflation as it expects to be ‘marginally loss making’ April 3, 2023 Peel Hunt warned that the impact of recent bank bailouts might impact its pipeline as the City broker continues to struggle amidst the dearth of deals. In a trading statement at the end of its financial year, the investment bank said it has seen a “gradual improvement” in its pipeline. However, it said “execution risk [...]
Bitcoin treads water above $28k as traders anticipate Friday’s inflation numbers April 3, 2023 Bitcoin is changing hands for $28,330 this morning, largely flat on the day, and over seven days as traders await jobs news on Friday.
Dunelm’s profits dip as end of home improvement boom and high inflation eats into margins February 15, 2023 Homewares retailer Dunelm today said its profits have dipped since the pandemic due to soaring inflation and the end of the Covid house improvement boom. The Leicestershire firm said higher prices and slower sales had caused its pre-tax profits to drop by 16.6 per cent to £117.4m. Dunelm’s results come as the amount of [...]
Sony ups Playstation prices amid inflation woes August 25, 2022 Sony has upped the prices for its PlayStation 5 games console, citing the the global economic environment.
Consumer confidence continues to recover as double-digit inflation fails to deter Brits from splashing cash May 19, 2023 Consumer confidence in the year ahead is continuing to recover despite persistent cost-of-living pressures, a long-running survey suggests. GfK’s Consumer Confidence Index rose by three points in May to minus 27, the fourth monthly increase in a row from January’s minus 45. Confidence in personal finances over the coming 12 months saw a “robust” five-point [...]
Mediclinic warns of price hikes as inflation and Covid-19 rattle healthcare November 16, 2022 Hospital operator Mediclinic has voiced concern over its ability to stave of price hikes as it undergoes a billion-pound takeover. The London-listed company, which was bought by a South African consortium for £3.7bn in August, said increasing economic uncertainty, rising inflation and the risk of further Covid-19 disruption is weighing on margins. “Increasing macro-economic uncertainty, [...]
Premier Foods boosted by consumers eating at home amid rising inflation November 16, 2022 Premier Foods’ revenues continue to rise despite inflation, as the cost of living crisis pushes consumers towards cheaper brands. The London-listed food group, which owns Batchelors, Bisto and Lloyd Grossman brands, has continued to perform well under economic pressure in the UK and across the world. Group revenue rose more than six per cent to [...]
Sharpening inflation concerns weigh on FTSE 100 retailers August 23, 2022 Sharpening concerns over high inflation triggering a slowdown in consumer spending weighed on London markets today. The capital’s premier FTSE 100 index dropped 0.61 per cent to 7,488.11 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.99 per cent to 19,306.89 points. Retailers [...]
The City in 2023: Real estate and infrastructure increasingly inflation-proof alternatives for investors December 29, 2022 Half of UK investors have either made alternative investments this year or are considering doing so in 2023 as they seek inflation-beating options. They primarily focus on investments in assets such infrastructure, real estate but also private equity and commodities. Two in five investors are more likely to consider alternative investments as a result of [...]