FTSE 100 close: London up as markets digest unemployment, wages and pensions data September 12, 2023 London's FTSE 100 started Tuesday morning up, as markets digest fresh figures on unemployment and wage growth, pensions and grocery inflation
Why rising wages will concern the Bank of England September 12, 2023 With inflation coming down to 6.8 per cent in July, this means that households are seeing a boost in real income for the first time in nearly a year. But the Bank of England will be nervous.
Wickes on track to hit guidance for year despite near 40 per cent fall in profit September 12, 2023 Wickes has said it continues to trade in line with expectations after recording a 0.7 per cent uplift in revenues to £827.7m, despite a near 40 per cent slide in profits before tax. The London-listed DIY and home improvement retailer was bolstered by sales in its Do It For Me (DIFM) offering, with sales up [...]
Newly merged Cavendish launches in London as bank bosses face ‘really tough’ conditions September 12, 2023 Newly merged investment bank Cavendish has launched to the market today after the completion of a tie up between City firms Cenkos Securities and FinnCap, in the latest in a wave of consolidation in the mid-market banking sector. The deal brings together two of the City’s mid-market banks and brokers amid a torrid time for [...]
Lime watching IPO market ‘very, very closely’ as operator reports record results September 12, 2023 The CEO of e-scooter giant Lime has said the company is watching the IPO market “very, very closely” ahead of a potential listing next year or the year after. Speaking to City A.M. Lime boss Wayne Ting said “what we want to see is tech IPOs happening and going successfully, and there’s great investor interest [...]
Grocery price inflation drops to its lowest level in over a year September 12, 2023 Grocery price inflation dropped to its lowest level in over 12 months, falling 12.2 per cent for the four weeks to September, new data shows.
IQE: ‘Weak’ global demand hits chipmaker’s bottom line September 12, 2023 IQE are delivering their wireless products to Chinese Wi-Fi suppliers to tap into growing smartphone markets in China and India.
ABF: Primark owner raises profit outlook as womenswear added to click and collect trial September 12, 2023 Primark's owners ABF have bumped up profit guidance again after the value retailer's online shopping trials proved successful
Pensions: Cost of triple lock to soar by further £2bn as wage growth ticks up September 12, 2023 The 'triple lock' means today's average wage growth figure of 8.5 per cent will be applied to pensions - costing a further £2bn
Alfa Romeo celebrates its past with stunning 33 Stradale supercar September 12, 2023 Limited to just 33 examples, lucky Alfa Romeo 33 Stradale buyers can choose between a twin-turbocharged V6 engine or electric power.
