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UK food inflation soars to record 11.6% as energy costs hit producers

2 Nov 2022, 06:29am

(Alliance News) - Food inflation soared to a record 11.6% in October as even basics such as tea bags, milk and sugar all saw significant price rises, figures show....

Labour refers UK home secretary to watchdog over security breach

1 Nov 2022, 21:37pm

(Alliance News) - Embattled UK Home Secretary Suella Braverman has been referred to a financial watchdog by Labour over concerns of a breach of insider trading laws....

Sunak under pressure to attend Cop27 as ex-PM Johnson will go

1 Nov 2022, 18:13pm

(Alliance News) - Boris Johnson has confirmed he will attend the Cop27 conference in Egypt, piling further pressure on UK Prime Minister Rishi Sunak to backtrack on his decision to...

LONDON MARKET CLOSE: China Covid hope lifts mood as Fed meeting begins

1 Nov 2022, 16:56pm

(Alliance News) - Stock prices in London closed higher on Tuesday, shaking off some early weakness in New York, boosted by hopes that China will deviate from its economically-bruising zero-Covid...

Reabold completes sale of Corallian Energy to Shell

1 Nov 2022, 14:14pm

(Alliance News) - Reabold Resources PLC on Tuesday said it finished the sale of its investee company Corallian Energy Ltd, and with that its offshore UK Victory asset, to Shell...

Kremlin accuses UK of "directing and coordinating" Nord Stream blasts

1 Nov 2022, 13:31pm

(Alliance News) - The Kremlin on Tuesday accused the UK of "directing and coordinating" explosions on the Nord Stream gas pipelines....

Bank of England starts gilts sale ahead of interest rate decision

1 Nov 2022, 12:29pm

(Alliance News) - The Bank of England is kick-starting the sale of its massive gilt holdings on Tuesday, thrusting the cost of government debt back into the limelight after the...

LONDON MARKET MIDDAY: Stocks upbeat ahead of Wednesday's Fed decision

1 Nov 2022, 12:20pm

(Alliance News) - European markets on Tuesday were cheered by the prospect of the US Federal Reserve slowing its pace of monetary tightening in the coming months, as well as...