Signs of unemployment jump emerge in UK economy – and it won’t solve worker shortages May 17, 2023 There are some signs that Britain’s red hot jobs market is calming down. That’ll please officials at the Bank of England, who, remember, are trying to make people and businesses (on average) a bit worse off to tame inflation. Wage growth which, in cash terms, has been rising rapidly for around a year, didn’t spring [...]
FTSE 100 close: Vodafone tumbles more than seven per cent after announcing 11,000 job cuts May 16, 2023 London’s FTSE 100 gave up gains today as fresh data yielded tentative signs that the UK workforce is rebalancing and telecoms giant Vodafone tumbled quickly. The capital’s premier index fell 0.34 per cent to 7,751.07 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was [...]
‘It’s our duty to be vigilant’: CMA bosses defend blocking Microsoft-Activision deal May 16, 2023 Bosses of the UK’s competition watchdog said today that they will not turn a blind eye to anti-competitive mergers as they defended the agency's controversial move to block Microsoft’s £55bn takeover of Activision Blizzard after it was waved through by EU regulators yesterday.
BA and Virgin Atlantic set to cash in as UK-US travel returns to pre-pandemic levels May 16, 2023 British Airways and Virgin Atlantic look set to cash in as departures from the UK to the US are set to return to pre-pandemic levels this month, new data shows. Departures from the UK to the US are set to hit 99 per cent of 2019 levels this month, according to new data from the [...]
Bitcoin and Ethereum trading sideways in line with stock markets May 16, 2023 It’s been a quiet day in the markets as both Bitcoin and Ethereum continue to hover at similar prices to yesterday.
Boohoo share price soars as profits halve: Brits ditch fast-fashion and head back to the high street May 16, 2023 Online fashion retailer Boohoo said its profits halved, as the cost of living crisis continues to hit consumers’ spending and Brits flock back to physical stores. Pre-tax profits for the group halved during the 12 month period ended 28 February 2023 to £63.3m, down 49 per cent, with revenues dropping 11 per cent to £1.77bn. [...]
UK isn’t alone in this recession merry-go-round – just look at Europe May 16, 2023 It’s worth remembering that Britain isn’t some sort of pariah in the rich world that’s undergoing a tough economic slump, which is threatening to extend the growth slow down since the 2008 financial crisis. Europe’s major economies, led by Germany, its powerhouse, are also in the teeth of a slump. Numbers out last week revealed [...]
Royal Mail delivery target failures to be investigated by Ofcom – and a fine could be dished out May 15, 2023 Regulator Ofcom said it has launched an investigation into Royal Mail’s failure to meet its delivery targets in the past year – and could hand out a fine. The British delivery firm fell short of its performance targets across the 2022 to 2023 financial year for first and second class mail and deliveries. Some 73.7 [...]
Protect your business should the worst happen May 15, 2023 | Sponsored Since the retreat of the Covid-19 pandemic and the winding down of the government furlough scheme, HMRC has secured funding in order to focus on setting prosecution targets in relation to both on- and off-shore activity. With record numbers of criminal tax investigations, and prosecutions being brought, it is prudent to ensure your business has appropriate access [...]
Pula: Croatia’s sunshine city has a new must-see attraction May 15, 2023 The renovation of one of Pula’s grandest hotels means now’s the time to visit, says Karen Harvey Croatia is a relatively new country still finding its feet, but let me tell you, it has more to offer than just the sunshine we all expect. Having broken away from the former Yugoslavia and its communist rule [...]