Hapag Lloyd profit falls 83 per cent as Red Sea turmoil makes global shipping downturn worse March 14, 2024 Hapag-Lloyd profit fell 83 per cent last year amid a global shipping crisis caused by disruption in 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.
London remains UK’s strongest region as capital powers country out of recession March 11, 2024 Despite the decrease, the figures still pointed to a "robust expansion in activity" with London remaining the strongest-performing region in the UK.
Hopes of lower interest rates fuel construction sector optimism amid housebuilding resurgence March 6, 2024 The overall construction PMI rose to 49.7, up from 48.8 in January, its highest level since August 2023 and only marginally below the neutral 50-mark.
Shipping giant Clarkson’s caveats record profit year with Red Sea warning March 4, 2024 Red Sea troubles have led to increasingly significant re-routing of ships, longer voyages and an upside pressure on freight rates.
British business feeling the impact of Red Sea disruption as strikes against the Houthis continue February 26, 2024 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.
Moving markets: Five things shaping the FTSE 100 today February 26, 2024 Asian markets were mixed as investors awaited inflation data, while oil prices extended their decline. The week ahead promises a flurry of retail and technology earnings reports, offering insights into sector performance and economic trends.
UK off to strong start in 2024 despite recession while Germany and France stagnate February 24, 2024 Despite falling into a shallow recession in the second half of last year, business activity in the UK seems to have bounced back at the beginning of 2024.
Recession ‘already over’ as economic activity picks up again but inflationary pressures grow February 22, 2024 Figures out last week confirmed that the UK slipped into a shallow recession in the second half of last year.
Orsted troubles show the wind sector might not grow as quickly as expected February 19, 2024 Wind power has long been front and centre of the UK’s green transition over the last few years, with wind farms being rolled out in the UK’s surrounding seas. The clean-energy industry, in particular wind, has boomed and worked on the broad assumption that costs will only come down in the future. But Orsted’s latest [...]