BUSINESS LIVE: Inflation rate reaches 5.4%. Omicron undermines Weatherspoon’s earnings.Watchdog cracks down on risky investment ads
Inflation in the UK reached 5.4% in December, with consumer prices rising the fastest since March 1992, according to the latest data from the National Bureau of Statistics.
According to ONS, the rise in consumer prices in December was driven by food and non-alcoholic beverages, restaurants and hotels, furniture and household goods, clothing and shoes, rising from 5.1% in November.
Pub Group’s JD Wetherspoons will record losses in the first half of the fiscal year after a variant of the Omicron coronavirus brings new curbs and prevents people from going out during the festive season.
Similar sales of Weatherspoon fell 11.7% in the 25 weeks leading up to January 16, and second-quarter sales were hit by the restrictions imposed in December.
The UK Financial Watchdog is proposing significant tightening of rules on how to sell high-risk financial products.
Under the proposed rules, the Financial Behavior Oversight Organization provides incentives for companies that approve and communicate financial marketing to have the appropriate expertise and understanding of the investments offered, to improve advertising risk warnings and to provide investment incentives. We guarantee that you will be banned.
Weatherspoon sales in the second quarter were affected by the “Plan B” restrictions announced by the government in December.
BUSINESS LIVE: Inflation rate reaches 5.4%.Omicron undermines Weatherspoon earnings
https://www.dailymail.co.uk/money/markets/article-10417477/BUSINESS-LIVE-Inflation-hits-5-4-Omicron-hurts-Wetherspoon-revenues.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 BUSINESS LIVE: Inflation rate reaches 5.4%.Omicron undermines Weatherspoon earnings