UK manufacturing slips back into contraction amid Red Sea disruption fears UK Economy The survey confirms that the manufacturing sector slipped back into contraction after March's slight uptick. Prior to March manufacturing had been in contraction since July 2022.
British business feeling the impact of Red Sea disruption as strikes against the Houthis continue Global Economy Research from the British Chamber of Commerce (BCC) showed that 55 per cent of UK exporters have been impacted by disruption of shipping to the Red Sea.
Shoe Zone blames higher costs and Red Sea disruption for ‘slower than expected’ sales March 12, 2024 Shoe Zone has blamed higher costs, the disruption in the Red Sea and "slower than expected" sales at the end of 2023 for its reduced performance in recent months.
Maersk shares plummet amid ‘high uncertainty’ of Red Sea shipping disruption February 8, 2024 Maersk shares plummetted over 14 per cent this morning after the container shipping giant flagged "high uncertainty" in the Red Sea.
Poundland owner Pepco warns disruption in the Red Sea could raise freight costs January 18, 2024 Poundland owner Pepco has warned that disruption at the Red Sea could lead to higher freight costs and hit product supply.
Primark: Market share up as ABF thanks Rita Ora and late-arriving cold weather January 23, 2024 One in every seven pounds spent on clothing, footwear and accessories is now spent in ABF-owned Primark
Yemen’s Houthi Red Sea attacks and fresh Jordan violence weigh on oil as Middle East unease widens January 29, 2024 Trafigura is the latest major commodity shipper to be targeted by Houthi rebels
FTSE 100 today: London markets brace for muted start amid thin U.S. holiday trading January 15, 2024 Asian markets decline in response to sparse U.S. holiday trading; China's central bank maintains stable lending rate; investor attention shifts towards Q3 earnings and China's Q4 GDP figures,
Why Suez Canal disruption may not have a huge impact on inflation January 15, 2024 Disruption in the Suez Canal has caused widespread concern over the impact on inflation. However, the cause of those fears might not be justified.