Bank of England’s Mann warns of ’embedded’ inflation risk if demand picks up February 8, 2024 "Real household incomes continue to rise as inflation falls, consumer confidence has improved, indicators of services activity have come in strong, and forward-looking measures of output and employment paint a positive picture," Mann said.
Demolition boss fails in bid to overturn CMA ban for role in illegal cartel February 8, 2024 The CMA struck him off after he was found to be "personally involved in 2 breaches of competition law affecting contracts for demolition services with a total value of over £30 million".
I feel ‘personally responsible’ for the UK economy says BT boss February 8, 2024 The weight of keeping British businesses up and running is a heavy one according to the boss of BT’s business unit, Bas Burger.
Primark: Oxford Street and Stratford stores to be transformed in £100m UK revamp February 8, 2024 Primark is investing £100m into stores this year, with its sites in Oxford Street and Stratford set for a revamp. The budget retailer said 700 new jobs will be created in 2024 as a result of new stores and extensions. Its Westfield Stratford store will almost double in size to more than 81,000sq. ft to [...]
Profit at Societe Generale slumps 60 per cent as boss calls 2023 ‘year of transition’ February 8, 2024 Revenue from retail banking continues to be impacted by "short-term hedges" that were taken out before interest rates started rising.
EU could spark row with UK over strike laws which breach Brexit deal February 8, 2024 EU bureaucrats reportedly could launch a formal dispute with the UK after the government’s strike laws came into force, which they argue breach the Brexit deal on workers’ rights.
AI teacher? Hambro Perks invests in ‘Edtech’ firm February 8, 2024 The company claims that its AI 'Edtech' had been found to improve the GCSE results of students who used it.
Mortgage arrears rose by a quarter in a year as higher interest rates bite February 8, 2024 According to the latest UK Finance figures, homeowner mortgages in arrears increased seven per cent on the previous quarter.
DS Smith shares soar: Amazon cardboard provider could be one half of biggest City deal in years February 8, 2024 Should it come to pass it would be another major tie-up between London-listed operations, with housebuilders Barratt and Redrow looking to turn two listed firms into one.
London Westfield owner looks to Paris Olympics for sales boost February 8, 2024 Westfield mall owner Unibail-Rodamco-Westfield (URW) believes the Paris Olympics will boost sales in 2024, with a number of its Viparis convention venues hosting events during games.
