Member Info for livestock

Interest rates could hit 4pc next year while the Government's borrowing bill rises

https://www.telegraph.co.uk/business/2022/08/28/soaring-energy-prices-overheating-jobs-market-make-uk-petri/

CITY WHISPERS: Silver screen turns to gold for Cineworld's vultures, who will be toasting extremely lucrative couple of weeks after betting against chain

https://www.google.com/amp/s/www.thisismoney.co.uk/money/investing/article-11152629/amp/CITY-WHISPERS-Silver-screen-turns-gold-Cineworlds-vultures.html

The two brothers at the helm of the embattled Cineworld chain have received nearly £26million in pay over the last eight years – almost the same as the firm's current value.

Mooky and Israel Greidinger have each been paid massive sums since joining Cineworld's board in 2014.

The company is now facing the threat of bankruptcy.

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-11152007/amp/Cineworlds-Greidinger-brothers-blockbuster-pay-deals.html

Around 900 flights for the upcoming Bank Holiday weekend have been cut from flight schedules since July.

UK flights planned for 26 to 30 August were 14,030 with an estimated 2.4 million seats on 1 July but data recently released by aviation analytics firm Cirium shows that numbers went down by 6.4 per cent.

https://www.cityam.com/bank-holiday-around-900-flights-cut-since-july/

SUFCESSEX
"Thank God for our buy back"

The buyback is holding up the share price quite well

The Bank of England may have to launch the biggest rate hike since 1989 if the government injects huge sums of money into the economy to cope with the cost of living crisis, a Wall Street bank said today.

Borrowing costs could rise 75 basis points in November to deal with a historic inflation peak caused by cash transfers stimulating spending by shielding household finances from sky-high energy bills, according to Bank of America.

The warning illustrates the tough trade offs either Liz Truss or Rishi Sunak will face when shaping a cost of living support package after one of them enters Number 10 on 5 September.

https://www.cityam.com/bank-of-england-may-launch-biggest-rate-hike-since-1989-if-energy-bill-support-fuels-inflation/

Good finish to the week Bill said in interview the deal has de-risked the project along with permits are 70% and leases are in process the latest update has improved market sentiment, looking good going forward

Nine million households face fuel poverty this winter after energy bill hike

https://www.cityam.com/nine-million-households-face-fuel-poverty-this-winter-after-energy-bill-hike/

Cineworld, the world’s second largest cinema chain, faces fresh uncertainty after its second largest shareholder cut its stake, causing shares to fall in value for a second day.

Stock closed 31.4% down after a stock exchange filing revealed that the Chinese Jangho Group – which began building its stake only two years ago – had reduced its holding from 13.7% to 11.6%, reports the Times

Cineworld, the world’s second largest cinema chain, faces fresh uncertainty after its second largest shareholder cut its stake

IAG : Buy rating from JP Morgan

Morgan Stanley says only two drivers now matter for the Pound: growth expectations and the global market backdrop.

"The poor UK growth outlook should drive GBP underperformance relative to its risk-sensitive peers,"

https://www.google.com/amp/s/www.poundsterlinglive.com/gbp-live-today/17433-pound-to-euro-and-dollar-morgan-stanley-forecast/amp

Millions of households will see their energy bills rocket as the price cap is hiked to £3,549 a year, plunging many into financial hardship.

The October rise follows a 54% increase in April, which saw average bills surge to £1,971 a year.

In all, around 24 million households will be hit by the price spike.

https://www.google.com/amp/s/news.sky.com/story/amp/energy-bills-to-soar-for-millions-as-price-cap-hiked-to-3-549-12681213

Millions of households will see their energy bills rocket as the price cap is hiked to £3,549 a year, plunging many into financial hardship.

The October rise follows a 54% increase in April, which saw average bills surge to £1,971 a year.

In all, around 24 million households will be hit by the price spike.

https://www.google.com/amp/s/news.sky.com/story/amp/energy-bills-to-soar-for-millions-as-price-cap-hiked-to-3-549-12681213

Spread betting companies are calling the FTSE 100 up by around 21 points

Powell speech at Jackson Hole the main focus today

poor UK growth outlook should keep Lloyds trading in a sideways direction for another year, BoE hiking interest rates is having a negative effect on UK economy

Closing price 1.92 I said 1.85

I get it right tomorrow's closing price 0.95 this will be finished next week

Just checked my Halifax account down to

1.85

Shares in London shed their early enthusiasm and headed back towards parity with investors casting a cautious eye across the pond ahead of the start of the Jackson Hole economic symposium.

By 11.30am the FTSE 100 was trading 6.98 points to the good at 7,478.49 while the FTSE 250 tumbled 68.85 points to 19,236.38