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- Rising costs lead to the end of the Shrewsbury Food Festival
The Shrewsbury Food Festival, which drew hundreds of thousands of visitors to the Quarry over more than a decade, has ended. Organiser Shropshire Festivals, an independent family-run team, said an increasingly hostile economic climate made continuing financially unviable, with post-pandemic inflation, soaring fuel prices, higher wages, supplier tariffs and stricter security requirements all driving up costs. Unlike council-funded food festivals with free entry, this event received no local authority funding, paid rent to the council and relied on gate receipts, sponsorships and exhibitor fees. Organisers said that cutting ticket prices to boost attendance would double the infrastructure and staffing needs without solving the deficit. The team will now focus on its remaining events, community gatherings, corporate hospitality and consultancy.
- Stocks are heading for a high - stakes showdown , as strong earnings collide with rising borrowing costs
Wall Street faces a tug-of-war as booming earnings for technology and energy firms collide with a relentless rise in bond yields, which have reached their highest levels in decades. Analysts expect earnings to keep soaring on AI data center build-outs, while oil prices, pushed into triple-digit territory by the war with Iran, add pressure on consumers. The market has split into AI and non-AI stocks, and AI stocks sold off last week as Treasury yields fell and investors questioned the AI-driven growth story. Valuations have slumped: the S&P 500 trades at 19 times expected earnings, below its five-year and 10-year averages, according to FactSet. Fidelity's Jurrien Timmer said earnings growth and the rising cost of capital are in a race to determine stock prices.
- Stocks are heading for a high-stakes showdown, as strong earnings collide with rising borrowing costs
- Global equities may regain momentum as strong earnings offset concerns over rising bond yields : Morgan Stanley
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