FTSE100 Hits All-Time High The UK’s FTSE100 share index has beaten its 2018 peak with a 6.1% rise so far in 2023. Last year the blue-chip index was also the best-performing developed market index (in local currency terms) with an almost 1% rise- in a year in which the US’s S&P 500 declined around 20%. However, it is worth noting that the mid-cap FTSE250, which is more closely linked to the ...
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We are delighted to introduce our newest members Global Child Forum, Graz Solutions and LucyJRobertshaw. Graz Solutions specializes in fintech solutions for handling and optimizing financial data processes. Over the past 15 years, Graz has become the go-to place for fintech solutions in the Nordics, serving banks, insurance- and fund management companies. Graz’s team of developers and project managers provide clients with custom solutions. Among their many innovative solutions, they have ...
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UK Strikes On the 1st February (Wednesday) the UK will face it’s biggest day of strikes this winter as workers stage a co-ordinated walk out in sectors ranging from rail, teaching and universities. This comes in response to the Trades Union Congress (TUC), who represent the UK’s organised labour movement, protesting the government’s anti-strike legislation and current wage increase offerings. At present, the government are working on anti-strike legislation which would ...
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Britishvolt Collapse Britishvolt was Britain’s first major homegrown battery producer but collapsed last week after failing to raise enough cash following multiple emergency funding rounds. The business, founded by two Swedes, was branded as Britain’s best chance of producing a domestic champion for the current electric car market expansion. More than a dozen businesses are believed to have expressed interest in purchasing the northern factory site including Tata Motors and Glencore. Administrators ...
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We are delighted to present our newest members Baker & Associates, Futur Pension, Novare Human Capital, and Scandicorp. Baker & Associates offer corporate advice and services related to governance and diversity. They have in-depth experience of sustainability, regulatory compliance, marketing, communications, talent management, sales and manufacturing. Futur Pension is a digitalised Swedish insurance company. They offer private individuals and corporations comprehensive solutions within occupational pensions, endowment insurance, private pensions, and life insurance. Novare ...
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UK Economy Rebounds Data published on Friday (13th January) revealed that the UK economy unexpectedly grew in November. Overall, the economy expanded by 0.1% due to a rise in demand for services in the tech sector (telecoms and computer programming) and the increased footfall for hospitality from the World Cup. This is despite economists predicting a 0.2% contraction. The month of October also delivered growth (0.5%) which means that the UK ...
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UK Space Launch On Monday (9th January) the UK began it’s first ever orbital space launch. A repurposed Virgin Atlantic 747 jet released a rocket over the Atlantic to launch nine satellites into Space. The company leading this is Virgin Orbit, founded by Sir Richard Branson, and began at Newquay Airport in Cornwall. Following the 747 take-off, with a rocket underneath its left wing, the jet headed west to a designated ...
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The UK in 2022 The UK had an unusual year filled with historic moments and substantial developments in 2022. The nation had three PMs over the course of the year with political stability now restored but polling pushing strongly towards the opposition. The UK and Commonwealth also celebrated HM The Queen’s 70 years on the throne which was then followed by her death in September at the age of 96. This ...
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UK Strikes Current data from the Financial Times indicates that over one million working days will be lost due to strike action in 2022. This is due to the final three weeks of the year featuring disruption from nurses, transport workers, baggage handlers, postal workers and other sectors going on scheduled strikes. Inevitably, this will also limit other businesses with the CEO of Fuller’s, a major pub chain, warning that rail ...
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Brexit Trade Deal Progress The UK government is on track to miss its target for securing post-Brexit trade agreements on 80% of UK trade by the end of 2022. At present, it is set to achieve coverage of 63% of trade which has limited UK exporters since Brexit. The BBC has reported that the 80% target was dependent upon a US trade deal but the Biden administration has focused upon other ...
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