Greene King: Profit halves at pub giant before Euros despite extra Bank Holiday June 11, 2024 The cost of living crisis and no major international football tournament being staged in 2023 led to profit being slashed in half at pub giant Greene King, it has been revealed.
August interest rate cut not a ‘slam dunk’ after ambiguous labour market data June 11, 2024 "The labour market is gradually easing," Rob Wood, chief UK economist Pantheon Macroeconomics said, but an August cut is "not a slam dunk".
Wage growth barely moves but unemployment creeps up as Bank of England considers rate cuts June 11, 2024 The figures will be closely scrutinised as policymakers at the Bank of England consider when to cut interest rates.
St Austell Brewery: Tribute beer maker hails record sales as profit rises June 10, 2024 St Austell Brewery, the maker of beers including Tribute and Proper Job, saw its sales rise to record levels during 2023 despite the increase in costs hitting the industry.
Bank of England to take heart from positive surveys as markets wait on interest rate cuts June 7, 2024 Although there were no major releases, two surveys showed encouraging signs that inflationary pressures were easing, welcome news after April's inflation data came in hotter than expected.
More good news for the Bank of England as firms expect wage and price pressures to ease June 6, 2024 Yet another survey shows that the Bank of England's interest rate hikes are slowly squeezing inflationary pressures out of the economy.
Sour year for VK and Hooch maker as price rises fail to offset costs jump June 5, 2024 The maker of alcoholic drinks such as VK and Hooch saw its profit slashed as its costs surged despite the group raising prices.
Price rises see sales surge at McVitie’s Digestives, Jaffa Cakes and Jacob’s Mini Cheddars maker June 4, 2024 Price rises helped sales surge at the maker of McVitie's Digestives, Jaffa Cakes, Jacob's Cream Crackers and Mini Cheddars in 2023, it has been revealed.
Yakult: ‘Hostile geopolitical picture’ hurts healthy drink maker May 30, 2024 The UK arm of healthy drink maker Yakult said a "weakening economy influenced by inflation and the general hostile geopolitical picture" impacted its finances during 2023.
Clarks slips into the red despite sales stepping towards £1bn May 30, 2024 Clarks fell to a loss of almost £40m in 2023 despite its revenue increasing to almost £1bn during the year, it has been revealed.