As wage growth passes its peak experts are divided on the Bank of England’s next move November 14, 2023 The question is what will happen with wage growth over the coming months. Predictably, economists are divided.
Revolution Beauty: Shake-up of top team gives stability with revenue up 20 per cent November 14, 2023 Troubled make-up brand Revolution Beauty has posted a 20 per cent rise in revenue, as a shake-up of its top team appears to have provided some stability for the brand after a volatile few months. In the six months to August, the cosmetics maker said that adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) [...]
Babcock: British defence giant on track for growth as global demand for arms soars November 14, 2023 British engineering giant Babcock stuck to annual guidance for growth on Tuesday as the global threat environment continues to drive demand for defence equipment and maintenance work. Babcock posted underlying operating profit up 27 per cent to £154m for the six months to the end of September, helped by income from its contract to build frigates [...]
BT reduces pension deficit to £3.7bn and will keep contributions flat November 14, 2023 BT has said its pension funding deficit, which was nearly £8bn in 2020, shrunk to £3.7bn in June this year, and its annual contribution amounts will stay the same.
Landsec pins hopes on market improvement next year as City office values decline November 14, 2023 Landsec has said it expects investment activity in the property sector to pick up next year, although transaction volumes currently remain "thin."
Imperial Brands: Profits up a quarter as price rises and vaping offset smoking decline November 14, 2023 Tobacco giant Imperial Brands’ profits were up 26.8 per cent for the year, as “strong pricing” for its products helped offset the continued decline in smoking. Stefan Bomhard, chief executive, said the “stronger, more sustainable” financial and operational outcomes can be attributed to a “new performance culture.” The brand behind Lambert & Butler, Winston and [...]
Vodafone revenue falls as group pins future on UK and exits ‘challenging’ Spanish market November 14, 2023 Vodafone's group revenue has declined 4.3 per cent in the first half of the year — compared to the same period last year.
Glencore swoops in to buy 77 per cent of Canadian miner Teck in £5.65bn deal November 14, 2023 Japan's Nippon Steel will pay $1.7 billion and swap its interest in one of Teck's coal operations for 20 per cent of the coal business, the report said, citing sources.
Wage growth beats expectations as inflation beds into UK economy November 14, 2023 In its most recent Monetary Policy Report, the Bank of England suggested that unemployment will have to go higher than it previously thought in order to bring down wage growth.
Bim Afolami: Meet the new City minister and ex-Freshfields and HSBC man November 14, 2023 Ten years in the City prior to moving into politics should serve Bim Afolami - and regulatory reform wonk - well in his City Minister role
