London’s FTSE 100 stock index set a record closing high on Friday (Feb 3) finishing up more than 1% at 7,901.8 points – beating the previous record set in May, 2018 when the FTSE 100 closed at 7,877.45. Investors are reportedly backing the UK’s blue chip firms to benefit from the weak pound combined with […]
Continue Reading
The pound has plummeted to its lowest ever level against the US dollar after the new Conservative government’s mini-budget collapsed confidence in the UK’s economic management. Early trading on Monday saw the pound plunge 5% against the dollar to just $1.03 before it managed to claw back two cents when London’s markets opened. Further turmoil […]
Continue Reading
The pound and UK stock markets have plummeted providing an immediate reaction to chancellor Kwasi Kwarteng’s mini-budget aimed to stimulate economic growth. The £45 billion package of tax cuts announced today (September 23) is the biggest tax give-away for 50 years – but experts say that half the cuts in personal tax will line the […]
Continue Reading
UK supermarkets are rationing cooking oil due to supply-chain problems caused by the war in Ukraine, the world’s biggest supplier of sunflower oil. The British Retail Consortium said restricting supplies is a temporary measure with the rationing introduced to ensure there is availability for everyone. Demand on limited supplies is pushing prices higher with an […]
Continue Reading
Boris Johnson and his secretary of state for transport laughed during Monday’s Downing Street press conference held to update the nation on the escalating chaos caused by Covid, Christmas and Brexit combining in a tumultuous storm. More than 40 countries have banned air and rail links to Britain as fears grow about the mutant coronavirus […]
Continue Reading
Boris Johnson has followed up last night’s warning there’s a “strong possibility” of a no-deal Brexit by saying today it’s now “very, very likely” to be the outcome. Ursula von der Leyen, president of the EU Commission agrees with the prime minister’s assessment and told EU leaders she is pessimistic about the chances of a […]
Continue Reading
The pound has tumbled as fears of a no-deal Brexit resurfaced wiping out the gains made following Boris Johnson’s comprehensive election victory. Sterling plummeted more than 1.5% against both the dollar and euro after the prime minister announced an amendment to the Withdrawal Agreement Bill (WAB) outlawing any extension to the transition period beyond the […]
Continue Reading
Boris Johnson’s stunning election win has left the money markets “cock-a-hoop” with sterling surging and the FTSE 250 hitting record highs. The pound rose 2.1% to hit $1.34 against the dollar and €1.20 against the euro – levels not seen since 2016 – as the extent of the Conservative election win became evident. Jeremy Corbyn’s […]
Continue Reading