Could the Bank of England still cut rates in June after poor inflation figures? May 22, 2024 Although Rishi Sunak jumped on the airwaves to proclaim inflation was "back to normal", markets seemed less convinced.
Inflation ahead of expectations in blow for June interest rate cut hopes May 22, 2024 At the Bank of England's last meeting earlier this month, policymakers confirmed that they were considering cutting interest rates.
Losses mount for Lebanese restaurant group Comptoir May 21, 2024 The group behind Lebanese restaurants Comptoir Libanais and Yalla Yalla has reported losses of £1.6m, following what bosses describe as a year of “erratic” footfall and soaring costs.
The Works hoping to return to profit growth following challenging year May 21, 2024 Discount books and crafts supplier The Works is hoping to deliver more than £8m in profits next year, following a challenging 12 months in which it closed dozens of shops across the UK.
Losses widen at Café Rouge, Bella Italia and Frankie and Benny’s owner The Big Table May 20, 2024 Losses widened at The Big Table, the owner of Café Rouge, Bella Italia and Frankie & Benny's, despite its turnover rising.
Bank of England deputy governor Broadbent says summer interest rate cut ‘possible’ May 20, 2024 The Bank judges that the unwinding of the inflationary shock is likely to be "asymmetric", taking longer to unwind than it did to emerge.
Inflation set to return to two per cent target in boost for Bank of England May 19, 2024 The latest UK inflation reading could show a notable fall when it's published this week.
Investors to receive ‘temperature check’ on global economy alongside Nvidia and inflation updates May 19, 2024 Analysts at Deutsche Bank said the surveys would provide "a temperature check on growth across the key economies as perceived inflation risks subside".
Lush posts huge loss but hopes SpongeBob SquarePants and Barbie deals can turn fortunes around May 17, 2024 Lush is seeking the help of SpongeBob SquarePants and Barbie to help it boost sales and return to profit.
UK a ‘nation of savers’ following surge in inflation, research shows May 17, 2024 Since March 2021, prices have increased by 22 per cent in the UK with a peak annual inflation rate of 11.1 per cent in October 2022.