Mood – Taking fright, with a Batman- themed highway alert (2/10)

Published on 21-01-2022 12:59:15

We’re scared and nervous, with UK retail sales falling 3.7% in December and the FTSE All-Share tumbling today As Tracey Emin asks 10 Downing Street to remove her artwork because of the ‘shameful’ state of current affairs, some Tory MPs, who rebelled against Boris, are complaining about alleged ‘blackmail’ to bring them into line. Grant Shapps wants a ‘bonfire of the banalities’ to rid Britain’s railways of an ‘endless torrent’ of announcements.

CAUSING CONSTERNATION

Alarms are being sounded at some corporates, with Peloton shares plummeting 24% due to reports of planned production halts, which the companies denies. Netflix has been spooking investors with slower than expected growth and Nestle are having to take a break with its Hindu KitKat after accusations of disrespect. Russia’s central bank wants to ban cryptocurrency mining and use. South Korea is so worried about its ‘dismal’ birth rate that it is offering tokens worth $1,650 to parents of children born this year.

BUCKING THE GLOOM

Others are still full to the brim with positivity, with Britishvolt getting a £100m boost to build a gigafactory that will bring up to 3,000 new jobs on Tyneside, Close Brothers seeing ‘good momentum’ in the final five months of 2021 and Edison client 4imprint Group’s full-year revenues surging 41% to $787m. Although 30,000 jobs are said to be at risk if the insulation levy is cut from British fuel bills, paybacks from renewable energy could see almost £800m returned to consumers by the end of winter. Watch Edison’s webinar on what happened to investment trusts last year and emerging themes for 2022 and sign up for our Open House on global healthcare.

REMEMBERING TO BREATHE

Under water, we now know why whales don’t choke when eating, and above ground things can’t be as bad as some people might have feared when a Missouri highway patrol mistakenly sent out a Batman-themed alert.

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