Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Capt'n Hollybean, this is going to Davey Jones Locker...
DYOR
As inflation climbs, China data weighs.
https://www.reuters.com/world/uk/ftse-100-extends-slide-inflation-climbs-china-data-weighs-2024-01-17/?taid=65a7a19f30e2620001dc53df&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
DYOR
Hardluck....oh dear she's out of bed again!.
Chancellor's tax rise fuels price growth
It was tobacco, rather than alcohol, that was the biggest driver of inflation in December, according to the Office for National Statistics (ONS). This is because the Chancellor raised duty on tobacco products in the Autumn Statement last November.
In total - the ONS groups alcohol and tobacco together - prices rose by 12.8%.
But tobacco was the fuel behind that increase after prices grew by 16% in the year to December.
Looking at prices on a monthly basis, tobacco increased by 1.2% between November and December, but alcohol dropped by 1.6%.
That's probably helped by the fact that in the same Autumn Statement, Jeremy Hunt froze duty on beer, wine, cider and spirits until this coming August.
DYOR
Shal, tobacco and alcohol price rises have largely driven an unexpected increase ..
DYOR
UK inflation unexpectedly increased to 4% in December.
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Hardluck, like i say Lewis on TV tonight repeating what he had stated days ago.... You seem to have bb tourettes compounded with a case of Stockhold Syndrome...
DYOR
Hardluck, like it or not Lewis has and will continue to have more air time than some bb cartoon guard dog...
DYOR
Hardy, it becomes old news when it's not relevant...and right now it is relevant.
DYOR
Claims to be investigated – what it means for your complaint.
""I’ve done back of the envelope numbers and at the top end this could be PPI-type scale (that was £40 billion), big enough to be a form of quantitative easing (so real consequences for the next Government as it’ll likely take a year).
"It is to look at the handling of complaints about commissions when people got motor finance (pre-2021). Two big Ombudsman cases revealed today indicate that firms are falsely rejecting complaints and the Financial Conduct Authority (FCA) is now to do a full review of complaint handling.
"The FCA wouldn’t do this unless it was likely to find they were doing it wrong. So my suspicion is when it finishes its investigation it will (in order of likelihood) set up either"
https://www.moneysavingexpert.com/news/2024/01/car-finance-misselling-claims-complaints-paused-regulator-concer/!~OMSelectionMarkerStart~!!~OMSelectionMarkerEnd~!
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Fleccy "This is not PPI, the general consensus seems to suggest Lloyds is on the hook for no more than £1 Billion, the Telegraph payout covers it."
initial provisions set aside by lloy for PPI was 4bln...we all know how that ended...
DYOR
Brix, just a bit yeah... 🤣
D...
Brix, bit like the Mersey Ferries, they keep bringing them over from Birkenhead... 😂
D....
LTI ""must learn to accept a majority vote.""
I wonder if you will be stating this if Labour win by a landslide...for the record I'm not stating they will as one never knows but.....
just saying....
DYOR
Gunsup, i agree..
D..
– but fears Red Sea crisis could push prices higher take hold.
Inflation is expected to continue its descent when new figures are released on Wednesday, amid growing fears that the conflict in the Middle East could spark a resurgence in inflation.
Economists expect the headline consumer price index (CPI) for December to come in at 3.8 per cent, marginally lower than the 3.9 per cent recorded in November.
The dip in the headline rate will be driven by the continued easing in food inflation while energy prices will also continue falling.
Core inflation – which strips out volatile components and is seen as a more accurate gauge of inflationary pressures – is expected to fall to 4.9 per cent, down from 5.1 per cent the month before.
Although December’s figures will still show some progress in the fight against inflation, it will be at a much slower pace than the last two months.
In October and November, inflation came in meaningfully below both market expectations and the Bank of England’s own forecasts. The Bank thought inflation would only have fallen to 4.6 per cent by the turn of the year.
The Bank is likely to face more pressure to start lowering interest rates following the figures. Markets are betting that interest rates will be lowered in the first half of this year, although rate-setters have so far insisted it is “too early” to lower rates.
The Bank has often pointed to elevated levels of wage growth as a sign that domestic inflationary pressures remain too strong to start lowering rates.
Investors will get fresh wage growth figures on Tuesday with City economists predicting that annual wage growth will have eased to 6.6 per cent in the three months to November.
December’s inflation data will be published amid widespread concern that an escalation of conflict in the Middle East could see a resurgence in inflation.
Hundreds of container ships have been forced to sail around the southern tip of Africa rather than going through the Red Sea, where the Houthis have been targeting ships. Last week the UK and US launched air strikes against the Houthis in an attempt to deter the Iran-backed rebel group from disrupting global shipping routes.
Justifying the airstrikes, the foreign secretary, Lord David Cameron, said “prices will go up in Britain and across the globe” if the Houthis continue threatening global supply chains.
Business leaders have also expressed concern about the potential impact on inflation. Last week, Ken Murphy, chief executive of Tesco, warned that the disruption to shipping “could drive inflation on some items“.
Experts suggested, however, that it is still too early to tell whether this disruption will prompt any meaningful uptick in inflation.
Gerald Khoo, a transport analyst at Liberum, said higher shipping costs were unlikely to lift inflation.
Read more.
https://www.cityam.com/inflation-set-to-fall-but-fears-red-sea-crisis-could-push-prices-higher-take-hol
Set for 1997-style election defeat - poll.
British Prime Minister Rishi Sunak's Conservative Party is set for an electoral defeat on a par with its heavy loss to the Labour Party in 1997, according to a YouGov opinion poll published in the Telegraph newspaper.
Ahead of an election expected later in 2024, the poll predicted Labour was on course to win 385 seats in parliament while the Conservatives will retain just 169, losing more seats than they did in 1997.
https://www.reuters.com/world/uk/britains-conservatives-set-1997-style-election-defeat-poll-2024-01-15/?taid=65a4f9f1a212d8000143bd4d&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
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One million investors to be hit with dividend tax bills for first time
Jeremy Hunt accused of sending ‘mixed messages’ amid efforts to promote investing.
More than a million investors will pay tax on investment dividends for the first time from April as allowances are halved...
DYOR
.... ‘faces £100mn tax bill’ and potential insolvency - https://on.ft.com/3HhM4MV
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.... to lowest in 28 years as drought continues.
https://www.proactiveinvestors.co.uk/companies/news/1038117/london-ipos-fall-to-lowest-in-28-years-as-drought-continues-1038117.html!~OMSelectionMarkerStart~!!~OMSelectionMarkerEnd~!
DYOR