City broker slashes price target for Primark-owner Associated British Foods January 24, 2025 Analysts at Panmure Liberum downgraded their rating for Primark-owner Associated British Foods from ‘Buy’ to ‘Hold’ after Primark underperformed over the festive quarter. Panmure downgraded its target price for ABF to 1900p from 2800p. Its share price currently sits at 1,892.50p after falling five per cent in the last five days. Associated British Foods reduced [...]
Former London night czar Amy Lamé founds consultancy 24hr Cities January 24, 2025 The former London night czar Amy Lamé has founded a new global consultancy called 24hr Cities. Lamé, who served as Mayor Sadiq Khan’s expert on the capital’s nightlife, received a £132,846 salary by the end of her tenure at City Hall and stepped down in October 2024. But her time in office saw London’s nightlife [...]
Firms slash jobs and hike prices as Reeves’ Budget fallout continues January 24, 2025 UK businesses hiked prices and cut staff in January, a new survey shows, as firms continued to struggle in the wake of October’s Budget. The latest ‘flash’ purchasing managers’ index (PMI), which reflects business activity in the private sector, showed employment levels decreasing for the fourth month in a row. “Many firms suggested that the [...]
Burberry’s share price soars out trenches but analysts won’t upgrade yet January 24, 2025 Investors breathed a sigh of relief this morning after Burberry’s first set of results after implementing its turnaround plan showed it was heading in the right direction. Burberry’s share price rose more than 13 per cent in early trades. In the past six months the share price has risen more than 71 per cent – [...]
Demand for buy-to-let lending boosts Paragon Bank January 24, 2025 Paragon Banking Group reported a strong start to the financial year on the back of higher lending to buy-to-let landlords.
Severn Trent hikes dividend despite balance sheet concerns January 24, 2025 Severn Trent, one of the UK’s biggest water companies, has announced plans to hike its full-year dividend despite coming under fire for allegedly inflating its balance sheet using an accounting trick. The utility was accused by BBC Panorama last month of claiming a £1.68bn investment in its accounts which in reality had no value to [...]
Burberry: Shares spike as luxury giant’s transformation shows green shoots January 24, 2025 British luxury brand Burberry has reported a boost in demand for its core products after implementing a wide-ranging turnaround plan, although overall revenue has continued to fall. The company’s share price rose more than 14 per cent in early trades. Total retail revenue in the 13 weeks ended December 28 fell seven per cent, from [...]
UK economy: ‘Consumers see dark days ahead’ January 24, 2025 GfK's overall consumer confidence index fell to -22, which was down five points on December and put confidence at its lowest level since the end of 2023.
The UK’s housing crisis is creating a generation of broke retirees January 24, 2025 The affordability crisis in the UK housing market is creating a generation who will still face monthly mortgage or rent payments well into retirement, according to a new study. With deposits increasingly hard to save up for and mortgages increasingly burdensome, few people will be free of housing costs by 2050, unless something changes. A [...]
Trump tells businesses to make products in the US or pay the price January 23, 2025 Donald Trump has told businesses they should make their products in the US, or face paying tariffs, while speaking at Davos. President Trump addressed the World Economic Forum at the Swiss ski resort this afternoon, and used his speech to emphasise his message to business. It comes after he threatened to double tax rates for [...]
