Housebuilding downturn deepens as rising interest rates weigh on demand September 6, 2023 The sector recorded a score of 40.8, comfortably below the 50 mark which separates growth from contraction.
Chainlink and Uniswap show signs of life as market leaders idle September 6, 2023 Bitcoin is trading for around $25.7k and ETH is changing hands for roughly $1.6k, both at the same levels as 24 hours ago.
Darktrace lowers earnings forecast as sales commission changes September 6, 2023 "The macro-economic backdrop has been a headwind for many businesses over the past year, and we have not been immune from its impact," said chief executive Poppy Gustafsson.
FTSE 100 close: Rising oil prices and struggling housebuilders hit London indexes September 6, 2023 London markets fell early on Wednesday as rising oil prices raised the prospect of continued inflationary pressures.
Barratt Developments: Housebuilder blames mortgage misery for plummeting profits September 6, 2023 The number of homes the company built also declined 3.9 per cent during the term to 17,206, as a series of interest rate hikes by the Bank of England made buyers cautious.
Britain to narrowly avoid recession – but meagre growth will make it ‘feel a lot like one’ anyway September 6, 2023 Britain will narrowly avoid a recession this year – but people and businesses will still feel the pain akin to the 2008 financial crash, according to an influential business network. The UK economy is on course to eke out growth of 0.4 per cent over 2023, the British Chambers of Commerce (BCC) predicted in its [...]
WH Smith: Revenues surge 28 per cent as travel hub retailer boosted by summer splurge September 6, 2023 WH Smith said its revenues surged 28 per cent compared to a year ago, as the group was bolstered by a busy period for summer travel. The highstreet stalwart, which has stores in airports and train stations, said revenues across its travel hubs jumped 42 per cent as passengers return to their pre-Covid holiday habits. [...]
Halfords revenues rise as consumers sniff out budget auto care September 6, 2023 Halfords reported a 14.1 per cent hike in revenue for the first five months of the year as the retailer was bolstered by demand for “basic needs” services such as motoring. The motoring and cycling retailer said that revenue in its autocentres division grew 34.6 per cent and retail rose 3.7 per cent. Halfords has [...]
Aviation watchdog launches inquiry into ‘1 in 15 million’ air traffic control failure September 6, 2023 The UK’s aviation regulator has launched an independent inquiry into last week's air traffic control chaos, which grounded thousands of flights.
The Notebook: Tim Rodber on the office of the future, English rugby’s warm-up campaign and the biggest workplace trend September 6, 2023 Tim Rodber is CEO of The Instant Group, a workspace consultancy, and played rugby union for Northampton, England and the Lions The future office exists, but it’s had a makeover We are in the midst of a workplace revolution and the traditional world of office landlords and tenants operating in an almost feudal relationship is [...]
