Interest rate rise and what it means for you February 3, 2023 The Bank of England has raised interest rates to four per cent, in a widely-expected move that has implications for both borrowers and savers. Adjusting personal finances to this ‘new normal’ of higher interest rates will be a challenge for most households, admitted Paul Wilson, chief Investment officer at Channel Capital. He said although a [...]
Sainsbury’s: Expected profits up as food shoppers splash Christmas cash but Argos bears brunt of cost of living crisis January 11, 2023 Sainsbury’s cashed in on Christmas shopping with retail sales up more than five per cent, as the supermarket giant expects its profit to be at the “upper end” of guidance. The major retailer now expects to be making close to £700m in pre-tax profit this March, despite the cost of living crisis weighing down consumer [...]
Sainsbury’s boosts pay as part of £205m inflation package January 4, 2023 Sainsbury’s is investing £185m in pay bumps for staff as the supermarket looks to retain staff during a period of high inflation and rising cost of living. Pay will increase to £11 per hour for retail staff, with London workers paid £11.95. It represents a 10 per cent pay hike over the past year when [...]
Christmas shopping: Sainsbury’s invests extra £50m into battling price inflation December 5, 2022 Sainsbury’s has announced it will pump an additional £50m into its cost of living value plan by March 2023. The supermarket said it has invested in a Christmas roast dinner at less than £4 a head, as part of a £15m investment plan to keep prices affordable on festive staples. Low prices and new special [...]
Sainsbury’s profits dip as supermarket giant battles to keep prices low November 3, 2022 Sainsbury’s has posted subdued half-year profits, after taking a hit to keep prices competitive for customers and boost pay for staff. The supermarket giant, which also owns Argos, said underlying pre-tax profit dipped eight per cent to £340m over the half-year to 17 September , compared with the same period last year. It had previously [...]
Speakers November 1, 2022 Jane Thomason Chair Kasei Holdings Loretta Joseph Deputy Chair ADC Global Advisory Nick Jones CEO ZUMO Clem Chambers CEO Online Blockchain PLC Tony Dhanjal Head of Tax Koinly Jason Tucker- Feltham Head of Crypto Sales IDnow Rob Gakell Founder and Partner Appold Monty Munford Chief Evangelist Sienna Network Thomas Power Founder BIP100Club Matthew Green Lawyer [...]
Day one: Milton October 31, 2022 Day 1: Milton Room Wednesday 23rd November 2022 Time Title Speaker 10:45 – 11:15 Interoperability DeFi Metaverse and NFT Moderator: Stefania Barbaglio – Cassiopeia Services Sean Kiernan – Founder, Greengage Nick Jones – Founder and CEO, Zumo Swen Werner – MD, State StreetMichele Curtoni – Head of Strategy, SDX 11:15 – 11:35 Coffee break 11:35 – 12:10 [...]
So-so energy: Supplier’s push for funds is a worrying sign for the market October 26, 2022 So Energy's scramble for funds this winter reflects the stark reality that the industry crisis is far from over, as another winter looms.
Sunak appoints unity Cabinet as Hunt stays and Braverman returns October 25, 2022 Jeremy Hunt will remain as chancellor under Rishi Sunak as the new Prime Minister picked a top team which finely balanced the different wings of the Tory party. Hunt is expected to deliver the planned Halloween fiscal statement next Monday, which is set to include a series of tax hikes and spending cuts. Close Boris [...]
Truss to vow a new era of growth as she tries to steady her premiership October 4, 2022 Liz Truss will tomorrow promise a new era of growth and try to reset her already faltering premiership, just 24 hours after the Tory party descended into all-out civil war at its annual conference. The Prime Minister suffered another damaging day as very public splits emerged within her cabinet, backbench MPs briefed against her and [...]