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1 month ago | 
londonlovesbusiness.com | Joe Nellis |Erik Boekel |Sarah Dunsby |Letitia Randell
Ofgem has revealed that household energy bills will fall from July by 7% and a typical bill will drop by around £129 to £1,720 a year when the new price cap starts. Tim Jarvis, director general of markets at Ofgem, said: “A fall in the price cap will be welcome news for consumers, and reflects a reduction in the international price of wholesale gas. However, we’re acutely aware that prices remain high, and some continue to struggle with the cost of energy.
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Dec 12, 2024 | 
londonlovesbusiness.com | Erik Boekel
The U.S. dollar retreated following four consecutive sessions of gains, as market participants assessed mixed signals ahead of next week’s Federal Reserve policy meeting. While yesterday’s inflation report aligned with expectations and reinforced the likelihood of a 25-basis-point rate cut, the greenback faced downward pressure.
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Sep 12, 2024 | 
londonlovesbusiness.com | Erik Boekel |Sarah Dunsby |Robert Lane
Having delivered the first Bank Rate cut of the cycle at the August meeting, the MPC are likely to stand pat this time around, instead waiting for the November meeting, and forecast round, before further removing policy restriction. Nevertheless, any hints on the policy outlook, coupled with the annual review into quantitative tightening, could provide some areas of interest for market participants.
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Sep 12, 2024 | 
londonlovesbusiness.com | Erik Boekel |Sarah Dunsby |Robert Lane
Over two thirds (64%) of professional services firms in the UK have stated that as of 2024, new job adverts will not feature the option of being ‘fully-remote.’ The decision, according to business leaders, is to encourage professionals to come back into the office – with close to half of hiring managers (42%) stating that they are ‘willing to wait’ for the right applicant who is able to commute into the office.
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Sep 12, 2024 | 
londonlovesbusiness.com | Erik Boekel |Sarah Dunsby |Robert Lane
Gold was down 0.3% on Wednesday after 12:30 p.m. GMT, losing $2,510 per ounce. Gold’s losses come despite the US Consumer Price Index growing at its slowest pace in more than three years. The annual and monthly readings of the headline index came in at expectations, which had already been reflected in prices, which may justify profit-taking on Wednesday. Inflation grew by 2.5% year-over-year and 0.2% month-over-month.
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Sep 12, 2024 | 
londonlovesbusiness.com | Erik Boekel |Sarah Dunsby |Robert Lane
The US stock market slipped on Wednesday as investors processed the latest consumer inflation report, which showed mixed results. While core inflation rose slightly in August, the annual rate remained steady at 3.2 percent. The overall inflation eased to 2.5 percent, marking the fifth consecutive decline and reaching the lowest since February 2021.
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Sep 3, 2024 | 
londonlovesbusiness.com | George Khoury |Erik Boekel |Sarah Dunsby |James Green
In 1974 Labour pushed the top rate of income tax to 83%, with investment income taxed at an eye-watering 98%. Exodus of talent And guess what happened? Ask anyone who was alive back then. The big earners took their money, talents and ideas abroad where getting out of bed to earn a quid was worth the effort. Tax rates had been high in the past, but by the 1970s the high net wealth individuals of the day had become global citizens. They had options and they took them.
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Sep 3, 2024 | 
londonlovesbusiness.com | George Khoury |Erik Boekel |Sarah Dunsby |James Green
Oil futures stabilised in the early European session on Tuesday as the market balanced concerns over weak economic growth in China, which overshadowed the impact of halted production and exports from Libya. China’s financial struggle, highlighted by disappointing PMI data and slow growth in export orders and home prices, continues to weigh on near-term crude prices.
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Sep 3, 2024 | 
londonlovesbusiness.com | Erik Boekel |Sarah Dunsby |James Green |Robert Lane
The U.S. dollar was hovering near a two-week high as markets await key U.S. economic data this week, especially Non-Farm Payroll (NFP) data. The report’s outcome could significantly influence the Federal Reserve’s decision on September’s expected interest rate cut. A 25-basis point cut is currently anticipated, but a weaker payroll report could lead to stronger expectations for a larger 50-basis point cut.
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Aug 27, 2024 | 
londonlovesbusiness.com | Erik Boekel |Sarah Dunsby |James Green |Robert Lane
Protecting oilfield workers from harm is a top priority for most businesses. And yet tasks on remote well sites and offshore drilling platforms still present safety risks. So how are these firms using the latest technologies to improve safety? Here is how.
