Reeves set to gather top investors at Downing Street in growth funding push February 4, 2025 Rachel Reeves will try to convince some of the UK’s biggest investment firms to take more risks with their cash tomorrow as she looks to unlock billions of pounds of funding for her growth plans, City AM has learned. In a meeting at Number 11 Downing Street, the Chancellor is set to pitch her new [...]
ONS chief ‘very confident’ UK is suffering from rise in economic inactivity February 4, 2025 Professor Sir Ian Diamond said he was "very confident" that the UK was suffering from a rise in health-related economic inactivity, despite question marks about the quality of the data.
Aldi to create 1,600 new jobs and expand as supermarket rivals cut February 4, 2025 Discount grocer Aldi is set to create 1,600 new roles this year as it expands its store presence in the UK, while its rivals slash jobs. The announcement stands in marked contrast to news of 3,000 jobs cuts at Sainsbury’s, and small reductions in staff numbers at Tesco’s and Morrisons. All three supermarkets have attributed [...]
Rosebank: Britain’s future ‘not in more oil and gas’, energy minister warns February 4, 2025 The UK’s future “does not lie in more oil and gas”, an energy minister has told MPs, just days after a court ruled against consent for two new fields in the North Sea. A judge last week upheld a legal challenge by environmental campaigners against the decision to grant consent to two new oil and [...]
London prime property prices dip as Budget raid deters wealthy buyers February 4, 2025 Prices for London prime properties remain far below their 2014 peak, with double-digit discounts on asking prices to be found in some areas of the capital. The average reduction in the original asking price for houses over £1m in Greater London was £200,100, according to Investec, but some areas saw a 11.3 per cent discount. [...]
Trump tariffs: Investors struggle to price in threat after last minute reprieve February 4, 2025 Jim Reid, head of research at Deutsche Bank said: "The past few days have raised ongoing questions over Trump’s tariff policy plans".
Grocery inflation slowed as supermarket discounts deepened February 4, 2025 Grocery inflation in January slowed for the first time in six months after supermarkets lowered prices in response to stretched household budgets. Inflation was 3.3 per cent in January, easing from 3.7 per cent in December, according to the latest figures from Kantar. Prices rose for chocolate, juices and butters, but fell for cooking sauces, [...]
China strikes back on Trump tariffs as Mexico and Canada get reprieve February 4, 2025 The response came just hours after Trump imposed 10 tariffs on all goods coming from China.
Exclusive: Two-thirds of voters have no confidence in Rachel Reeves February 4, 2025 A majority of Brits now have little confidence in Rachel Reeves’ plan to generate economic growth despite a renewed push from the Chancellor to kickstart Britain’s ailing economy, exclusive polling for City AM has found. More than 70 per cent of voters have said they are not confident in the Chancellor’s fiscal plans and around [...]
Crest Nicholson: Housebuilder upbeat despite ‘tough and disappointing year’ February 4, 2025 Housebuilder Crest Nicholson has said it is “well-positioned” to meet housing demand with a new strategy, despite lower-than-expected profit this year. Revenue at the housebuilder fell six per cent for the full year to October 31, to £618m, while operating profit fell 38.4 per cent to £31.3m. Profit before tax fell 53.3 per cent year [...]
