Ferrari: Record year sees supercar maker race past one billion euro milestone February 1, 2024 Net profits at Ferrari exceeded €1bn (£853.7m) for the first time in its history, its chief executive has announced.
Gymbox takes over Morley’s for free chicken and memberships challenge February 1, 2024 Morley’s has partnered with fitness brand Gymbox for a cycling challenge to win free chicken and gym memberships.
Bank of England leaves interest rates on hold with Bailey hailing ‘good news’ on inflation February 1, 2024 The Bank of England has kept interest rates on hold for the fourth meeting in a row while policymakers pushed back against expectations of imminent rate cuts. The decision means the Bank Rate remains at a post-financial crisis high of 5.25 per cent, a level reached last August. Six members of the nine-strong Monetary Policy [...]
Deutsche Bank slashes 3,500 jobs in £1.4bn cost-cutting effort February 1, 2024 Deutsche Bank is set to cut 3,500 jobs in an attempt to save €1.6bn (£1.4bn), as the bank has reported a fourteen per cent drop in profits. The bank is understood to have about 6,000 employees in London out of over 90,000 globally, meaning if job cuts were spread evenly, the UK would see around [...]
Square Mile and Me: The Ned’s Gareth Banner on his journey to silver service February 1, 2024 Each week we ask a City figure to take a trip down memory lane. Today, Gareth Banner, managing director at The Ned, talks history and hospitality in the Square Mile.
Rachel Reeves: Labour will cap corporation tax at 25 per cent February 1, 2024 A Labour government would cap the headline rate of corporation tax at 25 per cent throughout the next Parliament, Rachel Reeves has told bosses.
European inflation edges down to 2.8 per cent as ECB rate cut speculation mounts February 1, 2024 Euro area inflation fell to 2.8 per cent in January, down from 2.9 per cent in December, as markets speculate when the European Central Bank will begin to cut interest rates The data came after a sharp uptick for the continent in December, when inflation rose from 2.4 per cent from November to 2.9 per [...]
UK manufacturing downturn continues but business optimism hits four-month high February 1, 2024 The UK’s manufacturing sector contracted again in January, while business optimism jumped to its highest level in four months, a closely watched survey has suggested.
One Undershaft: Plans resubmitted for 74-storey London tower to rival The Shard February 1, 2024 Developers have submitted updated plans for a new London skyscraper that would be the same height at The Shard.
TSB Bank proposes £120m payout for owner as it sees record profits February 1, 2024 TSB Bank has recommended a £120m award to its Spanish parent company as it reported a jump in annual profits on the back of high interest rates, despite a rise in impairments amid “economic uncertainty”.
