Archives

Highlights  The hospitality sector recorded early signs of recovery in sales after the emergence of the Omicron variant that affected the sector’s demand over the festive season. Ease in Plan B restrictions and working from office co...

• January 21, 2022 12:57 PM GMT
• Priya Bhandari

Highlights Britishvolt received backing from the UK government for building a large-scale battery plant in northern England which is expected to help boost EV production in the UK. Some other investors include Tritax and abrdn PLC, which helped...

• January 21, 2022 10:21 AM GMT
• Suhita Poddar

Highlights The consumer confidence in the UK deteriorated in January 2022 as people became more pessimistic, as indicated by the GfK Consumer Confidence index. The latest reading was the lowest since February 2021, mainly due to rising inflatio...

• January 21, 2022 10:04 AM GMT
• Sreenivas D Ajankar

Inflation in the UK has touched record high levels recently. Breaching the Bank of England’s 2% target with a heavy margin, the inflation level is expected to reach 6% by the spring of 2022. To counter the impact of soaring inflation, BoE is ...

• January 21, 2022 09:24 AM GMT
• Rishika Raina

Highlights  The Financial services group reported increase in retirement income sales by 25% to £2.7 billion in FY2021. The group added that the organic capital generation for 2021 is expected to more than double compared to FY2020. ...

• January 21, 2022 07:42 AM GMT
• Priya Bhandari

Highlights  Energy UK’s CEO, Emma Pinchbeck, said that energy bills could likely increase further in October, following an expected price hike of around 50 per cent in April this year. Pinchbeck said the Oct price rise could happen i...

• January 21, 2022 07:27 AM GMT
• Suhita Poddar

Highlights  The global insurance sector is forecasted to reach record levels of premiums amounting to over US$ 7 trillion earlier than previously estimated. The sector is set to achieve this level by mid-2022, compared to an earlier projec...

• January 21, 2022 07:25 AM GMT
• Suhita Poddar

UK Market: The UK stock market showed a mixed trend with the blue-chip FTSE 100 index down by 0.16%, while the mid-cap focused FTSE 250 index up by 0.11%. FTSE100 listed oil & gas stocks like Royal Dutch Shell Plc (-2.44%), and BP Plc (-1.95%) ha...

• January 20, 2022 04:11 PM GMT
• Sreenivas D Ajankar