House prices fall for fourth month in a row
The average house price in the UK fell by 1.5% in December, according to the latest monthly report from Halifax. It's the fourth consecutive monthly fall and means that the…
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Next Christmas sales exceed expectations
Next has reported better than expected sales in the Christmas period after a "dramatic boost" from a change in the weather. In the nine weeks to 30 December 2022 the…
Record rise in food prices in December
Food inflation in the UK reached a record high last month as shoppers stocked up for Christmas and the New Year. The latest shop price index from the British Retail…
Shop closures up nearly 50% last year
Across the UK, more than 17,000 shops closed in 2022 -- the highest number for five years. The Centre for Retail Research (CRR) reports that a total of 17,145 stores…
Alameda Research Destined for Collapse Prior to Crypto Downturn
Alameda Research’s demise was presaged by a series of imprudent financial decisions, highlighting endemic vulnerabilities within its operations.While claiming profitability, the firm’s strategies exhibited severe cracks long before the broader…
Bullish Halts SPAC Merger Amidst SEC Regulatory Challenges
The cryptocurrency exchange Bullish has withdrawn from a significant merger deal with Far Peak Acquisition Corporation.Citing the rigorous regulatory environment enforced by the U.S. Securities and Exchange Commission (SEC), Bullish…
Rail fares in England to rise by up to 5.9%
Passengers travelling by train in England will pay up to 5.9% more for their tickets from March next year. The increase is being capped at a level well below inflation…
Energy support and interest drive UK govt borrowing to November record
Net public sector borrowing (excluding public sector banks) in the UK reached £22bn in November 2022, the highest amount for November since records began in 1993. Borrowing, the difference between…
Reflecting on 2022 Infrastructure Challenges and Highlights
The final episode of The Engineers Collective for 2022 provides a comprehensive review of the year's significant infrastructure challenges.A contentious proposal to revert to imperial measurements sparked significant debate among…
Bus fares in England capped at £2
Single adult bus tickets in England are being capped at £2 in a new scheme funded by the UK government. National Express and Stagecoach are among more than 130 bus…
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