Reform business rates to keep food prices low, retail sector warns October 31, 2023 The rate at which food prices are increasing sank to its lowest level since last summer this month, as sector heads make fresh calls to the government to slash business rates to ensure the deceleration continues. According to the latest reading from the British Retail Consortium (BRC) food inflation came in at 8.8 per cent [...]
US inflation: Consumer prices unexpectedly rise in November as Fed likely to hold rates December 12, 2023 Core prices, excluding volatile items like food and energy costs, also came in line with economists' expectations, rising four on an annual basis.
Profit slumps by over £400m at Lloyds-owned car leasing firm August 27, 2024 Profit at the car leasing company owned by Lloyds Bank slumped by more than £400m during 2023, it has been revealed. Lex Autolease, which is headquartered in London, has posted a pre-tax profit of £124.4m for its latest financial year, according to newly-filed accounts with Companies House. The new total comes after the business posted [...]
Global electricity demand expected to slow as recession fears take hold, says IEA July 19, 2023 Global growth in electricity demand is expected to slow this year, the IEA predicts, amid the energy crisis and an economic downturn.
Tesla: Profits tumble as Musk’s price war hits carmaker’s bottom line October 19, 2023 Tesla has reported a near half slump in its third quarter net income, as Elon Musk’s aggressive price cutting strategy continues.
Hospitality: BoE interest rates hike could ‘significantly impact businesses’ May 11, 2023 The hospitality sector has expressed concerns that the Bank of England’s decision to raise interest rates could “significantly impact business viability,” as the interest rates on loans many pubs and restaurants took out to survive the pandemic are now set to rise. “Hospitality was the business sector most affected by the pandemic, with a large [...]
Bridgepoint dodges inflationary pressure with diverse portfolio November 16, 2022 Bridgepoint says that investment portfolios are trading largely in line with expectations despite the current macro volatility. The international alternative asset fund management group said equity portfolios comprise of mainly high margin, cash generative, growth companies, whilst portfolios have currency hedging covering some 78 per cent of non-Euro exposures. The firm said that although portfolio [...]
Bumper Bank Holiday drives footfall levels up June 1, 2023 Bumper bank holidays in May helped hike footfall levels as work-free Brits flocked to the high streets to drink and shop in a welcomed boost for businesses. Footfall over the last month climbed 3.6 per cent, the second month in a row in which levels have risen following a 3.3 per cent jump in April, [...]
FTSE 100 close: London markets rise after inflation surprise raises prospect of rates being left on hold September 20, 2023 The FTSE 100 climbed 0.6 per cent to trade at 7,705.34 while the FTSE 250 rose 1.2 per cent to hit 18,655.75.
Insolvencies rise helps Leonard Curtis back into the black February 1, 2024 The rise in company insolvencies across the UK helped Leonard Curtis back into the black during its latest financial year, new documents have revealed.