Press Round-Up Short (Premium)
Sunday newspaper round-up: Stock market listings, Civil service, Inmarsat
Stock market listings have taken a big hit as a result of the war in Ukraine and the jump in energy prices. Over the first quarter of 2022, 19 firms have debuted on the London Stock Exchange, five more than in the corresponding period of the year before. But they raised just £397m, against £5. 6bn in the first quarter of 2021, some 14 times more. Globally, listings halved during the same period to reach just 321 for £41. 8bn in funds raised and EY expects the weakness to stretch into the second quarter.
Sunday newspaper round-up: Consumer confidence, Retailers, Milk
Britons' confidence in their finances plumbed to its lowest level since the start of the Covid-19 lockdown, the results of a survey conducted by PwC showed. Worries about higher prices and the cost of living dragged the index down to -20, against a reading of +8 one year before and of -26 at the beginning of the pandemic. Across all age groups, consumers were planning to rein in spending on eating out, clothes and holiday trips, even as they braced for higher spending on groceries.