FTSE 100 close: London markets close in the green after US inflation print August 10, 2023 London’s markets ended higher as investors were boosted by data which suggested the US had got a firm grip on its inflation problem. The FTSE 100 index ended 0.4 per cent higher up to 7,616.38 while the mid-cap FTSE 250 index climbed 0.3 per cent to 18,986.76. Although US inflation increased slightly for the first [...]
West End faces office supply crunch as back to work demand picks up August 10, 2023 Central London, particularly the West-End, is facing an office space supply crunch as demand for in person working picks up, property investment trust Derwent London has said. According to reports in its half year results, the listed business described the West-End as “very tight” with only 3.8 per cent of vacancy levels on office space. [...]
It’s not an office, it’s an “engagement hub”: Zoom opens new London HQ August 10, 2023 Zoom has asked staff to be in the office more often - but staff in the UK will instead be returning to "an engagement hub."
Wilko collapses into administration, placing 12,000 jobs at risk August 10, 2023 Wilko has collapsed into administration today after the struggling high street retailer failed to find a rescuer. The 400 strong high street store has appointed PWC as administrator, after a number of talks to save the business failed to come to fruition. In a statement, chief of Wilko, Mark Jackson, said the company had been [...]
Taking the Mickey: Disney hikes subscription costs 27 per cent – even as users fall by 11 million August 10, 2023 Disney has upped subscription prices and is rolling out an ad-supported plan despite losing subscribers since February. Current users of the Disney+ advertising-free plan now face a 27 per cent price hike for the streaming service, which features Disney classics and the Marvel franchise movies among other shows. Disney+ is set to launch a new [...]
Persimmon slashes number of homes built as rate rise rattles business August 10, 2023 Persimmon has cut the number of homes it’s building by more than a third as the housebuilder faces up to rapidly rising mortgage rates and a slowdown in consumer confidence. The construction company built a total of 4,249 homes in the first half of the year down from 6,652 homes compared to the same period [...]
Central America and South Asia trips see Hostelworld to narrowed losses August 10, 2023 Hostelworld has long been a favourite of travellers looking to rent a cheap bed for the night, but suffered amid sluggish demand after the pandemic.
Shipping giant Hapag Lloyd sees profit sink more than half as global demand slows August 10, 2023 Shipping giant Hapag Lloyd saw half year profits tumble over 65 per cent as declining demand and “significantly weaker” freight rates hit the companies’ bottom line.
OneSavings Bank profits slump as customers race to refinance mortgages August 10, 2023 Profit at OneSavings Bank (OSB) Group slumped in the first half of the year as the lender dealt with a £180m hit from changing customer behaviour. Pretax profit at the FTSE-250 listed specialist bank fell 71 per cent to £76.7m from £268.1m in the same period last year. The bank announced a dividend of 10.2p, [...]
Antofagasta revels in rising copper demand as countries embrace net zero transition August 10, 2023 Higher copper prices and sales has powered Antofagasta to bumper earnings over the first six months of trading this year.
