Covid-19 and many other factors have combined to create a perfect storm which has – but, as we all know, every cloud has a silver lining.
Inflation’s corrosive impact has become increasingly apparent, prompting the Bank of England to increase interest rates which, according to the latest Fitch Ratings report (November 2022), are expected to veer close to their longer-term ‘neutral’ rate of 5%. The organisation expects the Bank of England to raise base rates to 4.75% by the end of the second quarter of 2023.
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.