By Charlie Conchie The UK’s biggest container port in Felixstowe is set to be hit by strikes for eight days this month in a dispute over pay, after workers turned down a seven per cent pay rise. Around 1,900 members of the Unite union will walk out on …
Elections in Kenya TODAY: East Africa braces itself as fierce battle between Raila and Ruto reaches climax
By Michiel Willems NAIROBI – It’s D-Day in Kenya: after two years of campaigning, planning and plotting, the country’s election day has finally come. Polls across the country opened at 6am local time this morning. Today more than 22m registered voters …
Energy bills to hit £4,000 by January as gas prices spiral out of control
By Michiel Willems The average energy bill is set to climb to nearly £4,000 a year from January as gas prices continue to push upwards, new analysis has shown. Energy consultancy Auxilione warned that the Government’s price cap, which sets bills for mo…
Equity exodus continues as UK investors pull £416m from funds
By Charlie Conchie Nervous UK investors are pulling cash from equity funds in droves as soaring inflation continues to batter global stock markets, new data has revealed. British investors pulled £416m from equity funds in July, taking the total figure…
UK ahead of EV adoption curve but charging accessibility lags behind
By Ilaria Grasso Macola The UK is currently ahead of the Climate Change Committee’s electric vehicle (EV) adoption curve by more than 100,000 cars. According to figures by Volkswagen Financial Services UK, there were 833,000 EVs in the UK as of March –…
Alibaba posts flat revenue growth after ‘relatively slow’ spring
By Emily Hawkins E-commerce group Alibaba has posted flat revenue growth for the first time. The Hong-Kong based firm said sales in Chinese commerce dropped one per cent compared to the past year while revenue from its cloud business saw revenue up 16 …
Dealmakers circle British firms as UK tops inward investment
By Charlie Conchie International dealmakers have set their sights on British firms this year with the UK now the top target in Europe for inbound and domestic investment, research today reveals. The UK has risen six places year-on-year to third globall…
PwC global digital assets chief leaves to launch ‘crypto asset manager’
By Louis Goss The head of PwC’s crypto business has left his position at the Big Four accountancy firm to launch his own “crypto asset management firm” with a view to drawing institutional investors into cryptocurrencies. The new fund, Nine Blocks Capi…
Bank of England signs off biggest rate hike in nearly 30 years
By Jack Barnett The Bank of England today ripped up the history books and hiked interest rates by the largest amount in its 25 years of independence. The nine-strong committee of rate setters, including governor Andrew Bailey, backed a 50 basis point r…
Brace for another financial crisis style recession, Bank of England warns
By Jack Barnett The UK is set to slump into a recession comparable to the financial crisis, driven by the biggest inflation surge in 42 years, the Bank of England warned today. Britain’s economy will shift into reverse in the final three months of this…