Boots enjoys record sales as IPO rumours swirl January 4, 2024 Boots.com reported sales up 17.5 per cent, with November its biggest ever month, while overall it had an 11th straight quarter of market growth.
Tui board recommends delisting from London Stock Exchange in major blow January 4, 2024 The board of the travel giant TUI has recommended delisting the company from the London Stock Exchange, in a major blow to the bourse.
Don’t give up on St James’s Place, Hargreaves Lansdown, Abrdn and Schroders just yet, says broker January 4, 2024 There are signs of hope for asset and wealth management firms in 2024 despite structural issues battering the industry, according to one broker, as the prospect of near-term interest rate cuts offers a boost to investment performance.
UK banks set for strong earnings in 2024 despite margin pressures, S&P says January 4, 2024 UK banks are set to see strong earnings in 2024, according to ratings agency S&P, due to robust credit fundamentals and easing margin pressures.
US labour market resilient as traders nervy on interest rate cut bets January 4, 2024 New applications for unemployment benefit fell to its lowest level since October last week, the US Department for Labor reported today.
Sainsbury’s injects £200m for staff pay as bumper Christmas helps stave off Lidl and Aldi threats January 4, 2024 Some 120,000 employees at Sainsbury’s and Argos are set to have their hourly wage increase, as the supermarket injects £200m into improving pay. Staff at the ‘Big Four’ grocer will now be handed £12 per hour, in line with the Real Living Wage. For workers in London this will leap to £13.15. Sainsbury’s has increased [...]
Rishi Sunak: ‘Working assumption’ of an election in the second half of the year January 4, 2024 The Prime Minister said on Thursday it is his “working assumption” that he would not be sending the public to the polls in the spring, as opposition figures have been talking up.
UK needs to ‘get over’ FTSE 100 chiefs’ pay packets, says London Stock Exchange exec January 4, 2024 “If the UK wants world leading companies in the FTSE 100, it needs to get over what CEOs are paid,” Shah wrote on Linkedin.
Inflation easing – but wage growth still a threat, Bank of England panel warns January 4, 2024 The figures suggest that the surprisingly fast progress on bringing inflation down to the two per cent target still has further to run.
Two charged with arson after fire at Tory MP Mike Freer’s London office January 4, 2024 The pair have also been charged with arson without intent over a fire at the back of a restaurant in Long Lane, north London, at about 11pm the same night.
