Watson’s Weekly 20 -01-2024

This is an amalgamation of the “best bits” of the daily weekday newsletter/blog woven together to form a concise and coherent view on the things that matter in the commercial and economic news of the week. 

THE COLOURED HIGHLIGHT REFERS TO THE EDITION WHERE THE STORY APPEARED IN WATSON’S DAILY. Clicking on the day will take you to the appropriate edition of Watson’s Daily.

IN BIG PICTURE NEWS...

This was the week when China managed to hit its GDP target, Post Office scandal developments reached fever pitch and Panmure Gordon and Liberum decided to join forces…

IN OIL NEWS…

IN BUSINESS, EMPLOYMENT & CONSUMER TRENDS NEWS...

IN BUSINESS TRENDS…

  • Insolvencies hit a 30-year high according to the UK’s Insolvency Service thanks to the ultimately fatal combination of higher interest rates, cost-of-living and pandemic impact.
  • City law firms fell down the global pecking order in terms of earnings. US firms dominate and the highest placed City law firm was Allen & Overy (12th) while Anglo-American firm DLA Piper (3rd) did better. I would have thought that this has a lot to do with the lack of deal flow in the UK in particular.
  • Logistics property landlord Prologis saw its profits rise in Q4 despite a tricky economic backdrop. It cited a positive outlook for the year and has an impressively high occupancy rate. I would have thought it would benefit from ongoing disruptions in global supply chains both in the short term (wars raging at the moment) and the longer term (as businesses realise that they have to have more readily-available inventory for “just-in-case!”).

IN EMPLOYMENT TRENDS…

IN CONSUMER TRENDS…

IN RETAIL NEWS...

IN AUTOMOTIVE NEWS...

IN REAL ESTATE NEWS...

IN TECH NEWS...

IN OTHER NEWS...

BANTER

There wasn’t a real stand-out for me this week, but I did find this video on how to “make” whipped honey quite interesting. How good could it actually be?? I mean it’s just honey with a bit of air, right? That said, aerated chocolate is pretty good, as is whipped yoghurt so maybe this will be the same…