Unilever: Amsterdam chosen for primary ice cream listing in blow for London February 13, 2025 Shares in Dove and Marmite maker Unilever have dipped despite an uptick in profit, with some additional concern as London will miss out on the primary listing of its ice cream arm. Shares dipped more than seven per cent in early trades due to “exceptionally weak” guidance, analysts said. “Unfortunately for Unilever… the market doesn’t tend [...]
GDP grows 0.1 per cent as UK economy skirts recession February 13, 2025 Chancellor Rachel Reeves received a small boost after the economy unexpectedly grew at the end of last year, ensuring the UK does not face an imminent recession. Output expanded 0.1 per cent in the final three months of the year, according to the Office for National Statistics (ONS), after GDP rose 0.4 per cent in [...]
Former City minister Bim Afolami joins QCA with ‘unfinished business’ February 13, 2025 Former City minister minister Bim Afolami has joined the Quoted Companies Alliance board, in a ‘coup’ for the trade body that supports smaller and medium-sized listed companies. The former Tory MP and minister responsible for the Square Mile will sit on the QCA’s board, as it works to champion Britain’s small and medium-sized publicly traded [...]
Housebuilding: Starmer to reveal vision for new towns across UK February 13, 2025 Sir Keir Starmer will reveal the government’s vision for new towns to be built across the UK. The Prime Minister is expected to unveil the government’s plans for the next generation of communities, including homes, doctors’ surgeries, schools, nurseries and public transport, at a visit to a new housing development on Thursday. Over 100 proposals [...]
Reform UK call for windfall tax on renewable energy in anti-net zero push February 12, 2025 Reform UK has said they would introduce a windfall tax on renewable energy as they announced they were “serving notice” on the industry. The party has detailed a set of “policies to undo the effects of net zero”, in the wake of a series of polls and voting intention surveys that saw it beat Labour [...]
BoE’s Greene backs ‘cautious’ interest rate cuts despite ‘uncomfortable’ growth performance February 12, 2025 A rate-setter at the Bank of England backed a “cautious” approach to cutting interest rates despite the “uncomfortable” recent performance of the economy. “The macroeconomic news over recent months has been uncomfortable,” Megan Greene, an external member of the Monetary Policy Committee (MPC) said. “GDP has roughly flatlined since Spring of last year and expectations [...]
Property experts warn ‘more needs to be done’ on £350m housing funding February 12, 2025 A £350m investment into affordable and social housing by the government has been welcomed but property experts warn “more needs to be done”. Housing secretary Angela Rayner has insisted the government “can’t afford not to” hit its 1.5m housebuilding targets, as officials unveiled an extra £300m in funding for the affordable homes programme, which they [...]
HS2 pushed government to keep ‘unjust’ compensation rules for ousted locals February 12, 2025 Bosses at HS2 pushed the government to keep an obscure law that enabled it to pay millions less in compensation to residents and businesses forced from their homes during construction, City AM can reveal. Internal documents obtained via FOI show how HS2 understood the arcane clause would cause “significant distress” and destroy jobs and livelihoods, [...]
Pound sterling slumps after US inflation beats expectations February 12, 2025 Figures from the Bureau of Labor Statistics showed that US inflation came in at 3.0 per cent in January, up from 2.9 per cent and ahead of economists' expectations.
PMQs: UK should impose ‘Tesla tariffs’ on US electric cars, Davey says February 12, 2025 The UK should impose “Tesla tariffs” on US electric cars produced by Elon Musk, after President Donald Trump announced higher taxes on steel imports, the Lib Dem leader has suggested. Sir Ed Davey called for the UK to retaliate – after Trump confirmed he would impose 25 per cent tariffs on all steel and aluminium [...]
