European Central Bank hoists interest rates to joint record high of 3.75 per cent July 27, 2023 The European Central Bank (ECB) today lifted interest rates for the ninth time in a row, following the US Federal Reserve’s rise last night. It means the eurozone’s key interest rate now stands at 3.75 per cent, its highest level in 22 years. President Christine Lagarde and the rest of the governing council opted for [...]
More energy bill support for households will be needed this winter, Cornwall Insight warns July 27, 2023 The government should bring in fresh measures to provide support for customers, warned forecasting group Cornwall Insight.
All Bar One owner toasts rising revenues as cost pressures start to ease July 27, 2023 Mitchells & Butlers (M&B) share price soared over five per cent this morning, as the pub and restaurant chain revealed a 9.7 per cent rise in revenues in the third quarter. The All Bar One owner was bolstered by a record breaking Fathers Day in June, with like-for-like sales in food and drink during the [...]
Nestle sales outlook brightens after strong first half July 27, 2023 Nestle improved its full-year organic sales outlook and reported better-than-expected first-half organic sales, as the world’s biggest packaged food company again raised prices to cope with higher input costs. Nestle said it is narrowing its full-year organic sales growth guidance – which does not include the impact of currency movements and acquisitions – to a [...]
Tory peer’s CMC Markets blames ‘quiet’ conditions as trading falls sharply July 27, 2023 The trading shop run by Tory peer Lord Peter Cruddas said it had suffered a sharp slump in trading activity today as “quiet market conditions” failed to excite investors and revive booming interest seen through the pandemic.
TfL fined £10m for Croydon tram disaster failings July 27, 2023 Tram operators have been fined a total of £14m over the Croydon derailment which claimed the lives of seven passengers. Many more people were injured when a tram carrying 69 people derailed near the Sandilands stop on the morning of 9 November 2016. Transport for London (TfL) and Tram Operations Limited (TOL) have accepted failing [...]
Met Police fail to solve 82 per cent of burglaries July 27, 2023 The Met Police failed to solve 82 per cent of burglaries in London last year, data has revealed. Figures from the Home Office for the 2022-2023 financial year show an average of 129 burglaries a day – or a total of 47,050 – were closed without a suspect being identified. While just six per cent [...]
Britvic cheers strong results as it adds two further brands to its drinks cabinet July 27, 2023 Britvic this morning announced a positive set of third quarter results for the period ended 30 June, with UK revenue leaping 10 per cent on the previous year to reach £476m. The largest supplier of branded still soft drinks in Great Britain, which owns brands such as J20 and Robinson’s, also announced the acquisition of [...]
BNP Paribas beats estimates on debt financing and cost management July 27, 2023 BNP Paribas, the euro zone’s biggest bank, beat estimates in the second quarter as its corporate debt financing business and strong cost management partly offset a slump in securities trading. The French lender’s second-quarter net income fell 4.9 per cent on a reported basis to €2.8bn (£2.4bn), beating the €2.5bn analyst consensus compiled by the [...]
