Max Mara nearly doubles UK profit as ‘extraordinary’ market challenges ease July 11, 2024 The UK arm of luxury womenswear brand Max Mara has almost doubled its pre-tax profit despite what it described as a "highly uncertain" economic backdrop, newly-filed documents have revealed.
Bank of England’s top economist Huw Pill ‘uncomfortable’ with persistence of inflation July 10, 2024 In a speech delivered at Asia House in London, Pill said that recent pieces of economic data pointed towards some "upside risks to my assessment of inflation persistence".
Roman: Retailer behind viral dress that ‘broke the internet’ posts record sales July 10, 2024 Roman, the clothing retailer behind a viral dress that in 2015 ignited an international debate over its colour, has seen record sales as its post-pandemic comeback continues.
Savers sees profit jump after cutting hundreds of jobs July 8, 2024 Budget health and beauty retailer Savers has seen its profit jump after shedding almost 300 jobs amid "another tough year for retail", according to newly-filed documents.
Bank of England’s Haskel prefers holding rates on back of ‘tight’ labour market July 8, 2024 A Bank of England rate-setter said he would prefer to leave interest rates on hold to ensure the surge in inflation has been decisively tamed.
Election 2024: What will a Labour government mean for inflation, interest rates and mortgages July 5, 2024 Inflation has fallen fairly rapidly over the last few months, hitting two per cent in June. As a result markets expect the Bank of England to start cutting interest rates in the next couple of months, either in August or September.
August interest rate cut on a knife edge after ‘nuanced’ Bank of England survey July 4, 2024 "All told the DMP gave a nuanced signal this month," Rob Wood, chief UK economist at Pantheon Macroeconomics said.
Michelin nearly doubles UK profit as tyre price rises accelerate sales July 3, 2024 The UK arm of tyre giant Michelin has almost doubled its pre-tax profit as it fought off the rising cost of production by upping its prices.
Election uncertainty knocks activity in service sector July 3, 2024 Despite the fall, June's final PMI was higher than the 51.2 recorded in the initial 'flash' estimate
Shop price inflation drops to lowest level since October 2021 as retailers slash prices on TVs July 2, 2024 Retailers slashing prices on TVs to capitalise on the Euros helped push shop price inflation to its lowest level since October 2021.