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.
Labour hoarding makes life difficult for Bank of England, rate-setter says May 16, 2024 Labour hoarding since the pandemic has helped fuel inflation and could mean rates have to remain high, a Bank of England policymaker said.
Bernanke: Inflation was ‘unavoidable’ but the Bank of England needs to change May 15, 2024 The surge in inflation seen over the past few years was "unavoidable," Ben Bernanke said today, as he outlined ways in which the Bank of England could navigate future uncertainty.
Does hot wage growth derail hopes of a June interest rate cut? May 14, 2024 The first round of labour market figures was released this morning and it leaves policymakers in a bit of a bind.
Bank of England’s Pill: Summer interest rate cuts ‘not unreasonable’ but ‘still some work to do’ May 14, 2024 Speaking at an event run by the Institute of Chartered Accountants in England and Wales (ICAEW), Pill stressed that the Bank's focus would be on the persistent components of inflation in the weeks ahead.
Rising costs fail to keep Brits from their cups of tea as Clipper owner posts record sales May 14, 2024 Rising inflation has failed to get in the way of the British public and their cups of tea after the company behind Fairtrade brand Clipper reported record sales.
Higher wage growth has not fuelled inflation – but it will if productivity does not improve May 13, 2024 Despite stronger real wage growth, productivity - which measures workers' output per hour - has actually deteriorated in the past year.
Poundland’s profit slashed despite sales rising by £200m May 13, 2024 Poundland's profits were slashed by almost £33m during its latest financial year despite its sales rising by nearly £200m, it has been revealed.
Banks divided: Interest rate decision sparks debate over timing – June or August? May 10, 2024 Investment banks are divided on when the Bank of England (BoE) may execute its initial rate cut.