Market Buzz
Thursday newspaper round-up: FTSE bosses, Wilko, energy bills, Amazon
The bosses of Britain’s biggest companies will have made more money in 2023 by Thursday afternoon than the average UK worker will earn in the entire year, according to analysis of vast pay gaps amid strike action and the cost of living crisis. The High Pay Centre, a thinktank that campaigns for fairer pay for workers, said that by 2pm on the third working day of the year, a FTSE 100 chief executive will have been paid more on an hourly basis than a UK worker’s annual salary, based on median average remuneration figures for both groups.
Wednesday newspaper round-up: Inflation, rail strikes, Centrica, Apple, Guardian
Food prices rose by a record 13. 3 per cent in December, increasing fears that inflation may not fall as sharply in 2023 as central bankers and economists hope. The war in Ukraine led to sustained rises in the cost of animal feed, fertiliser and energy that squeezed supplies as demand rose, according to the latest monthly shop prices index published by the British Retail Consortium and NielsenIQ. It is the highest level recorded since the index began in 2005. - The Times.
Tuesday newspaper round-up: Rail strikes, Tesla, house prices, Citymapper, retail footfall
A generation of passengers will be put off travelling by train for good because of industrial action, ministers fear, as Britain enters the worst week of rail disruption for 30 years. Millions of people have been advised to avoid using the railways as the country faces five days of industrial action, effectively delaying the return to offices by a week as an estimated 80,000 trains are cancelled. - The Times.