Housing market reeling after BoE hike interest rates in fresh blow for mortgage holders June 22, 2023 Prospective buyers and homeowners looking to reinstate fixed rate or tracker deals on their homes were met with a fresh blow this afternoon following the central bank’s decision to hike interest rates for the 13th time in a row in efforts to cool soaring inflation. It is expected that the decision will lead high street [...]
Price of Bitcoin holds steady above $30k as crypto markets enjoy upside momentum June 22, 2023 Bitcoin and the rest of crypto continue to push upwards as news of institutional interest continues doing the rounds.
‘Totally without merit’: Judge rejects environmental challenge against Sizewell C nuclear plant June 22, 2023 The government's decision to grant development consent for the Sizewell C nuclear plant was lawful, a high court judge has ruled.
Ocado share price soars over 40 per cent following Amazon takeover rumours June 22, 2023 Shares in Ocado soared over 40 per cent this morning following speculation that Amazon is eyeing a takeover of its grocery technology business. The tech giant is reportedly mulling an £8-a-share move, The Times has reported, with Goldman Sachs and JP Morgan said to be acting for the potential bidders. “Bid chatter helped lift web-based [...]
EP: 210 Royal Ascot – Friday June 22, 2023 All eyes will be focussed on the Commonwealth Cup and the Coronation Stakes, the two Group 1 races at Royal Ascot on Friday. City AM Racing editor Bill Esdaile previews all of Friday’s action, with the Tote’s Jamie Hart explaining how to get involved with some unique World Pool betting opportunities. Hosted by Chris Barnett. [...]
The Punter Summary Podcast 23 June June 22, 2023 Here’s your chance to discover all of City AM racing editor Bill Esdaile’s selections for Friday’s racing at Royal Ascot in a short summary episode of ‘The Punter Podcast’ alongside Chris Barnett. The full preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting section [...]
Andrew Bailey under fire from Government and City analysts ahead of rate hike June 22, 2023 Andrew Bailey and the Bank of England have been criticised for moving too slowly to clamp down on inflation
Whitbread: Premier Inn owner thanks London travel boom for hike in hotel sales June 22, 2023 Tourists flocking to London for the King’s coronation helped bolster Premier Inn owner Whitbread’s trading in the first leg of the year, as the hotel group revealed an 18 per cent hike in sales. As Brits embraced travel and leisure after the pandemic, the chain of affordable hotels said sales across its 800 strong portfolio [...]
Does raising interest rates actually bring down inflation? June 22, 2023 Britain’s inflation problem is looking much harder to solve than first thought. Numbers out from the Office for National Statistics (ONS) yesterday revealed the rate of price increases was unchanged in May at 8.7 per cent. The City thought it would slim to 8.4 per cent. Core inflation – the best barometer of underlying price [...]
Oil prices rebound as the Fed commits to inflation battle June 22, 2023 Oil prices are rising amid a sustained hawkish approach from the Federal Reserve raising hopes of an economic revival in the US.
