GDP unexpectedly stagnates in July following strong first half of 2024 September 11, 2024 The figures returned the UK to growth after GDP was flat in June and represent a positive start to the second half of the year.
The Gym Group swings to profit as growth plan pays off September 11, 2024 Budget fitness centre operator The Gym Group swung to a profit in the first half of 2024 and said it was “well set” to deliver full-year earnings at the top end of market forecasts. The London-listed firm, which has 240 locations across Britain, reported a pretax profit of £0.2m for the six months, compared to [...]
Amazon Web Services plots £8bn investment in UK data centres September 11, 2024 Amazon Web Services (AWS) is planning to invest £8bn to build, maintain and operate a number of data centres in the UK over the next five years. The tech giant’s cloud division estimates the cash injection will contribute £14bn to the UK’s total gross domestic product (GDP) through to 2028, and will support an average [...]
Failure to solve rental crisis will hurt Labour for years to come September 11, 2024 Ahead of the election, Labour devoted 1,000 words of its 142-page manifesto to its plans for house building, the planning system, and the private rented sector.
Barclays calls on UK to ‘break down barriers’ keeping £430bn from capital markets September 11, 2024 Barclays has warned that UK capital markets are missing out on £430bn in cash deposits as it called on authorities to create a "more balanced environment" for banks to support potential investors.
The Notebook: Is Wapping the best place in London? September 11, 2024 With its cobbled streets, unspoiled apartment blocks and tall warehouse conversions with painted shutters, Wapping is a vision of a Victorian past.
Water investment bosses meet ministers amid hunt for fresh funding September 10, 2024 Ministers have held talks with bosses of water industry investment firms in a bid to attract fresh capital to the scandal-hit sector. Environment secretary Steve Reed held a roundtable with roughly 30 people representing investors in the sector such as pension funds on Tuesday in the City of London. Reed said he wants the water [...]
Tory leadership race: Mel Stride knocked out as MPs whittle candidates to four September 10, 2024 Mel Stride has been knocked out of the Tory leadership race as Conservative MPs voted to whittle the remaining candidates down to four. The former work and pensions secretary received just 16 votes, the lowest number of votes, meaning he was eliminated from the process, while Robert Jenrick led the pack on 33 votes. Kemi [...]
Winter fuel payments: Just one Labour MP rebels in Commons vote on policy September 10, 2024 Just one Labour MP – Jon Trickett – rebelled against the government in a House of Commons vote on plans to means test the winter fuel payment to pensioners. The government won the vote with 348 votes in favour to 228 against, while some MPs – including 53 Labour members – abstained on the ballot, [...]
Goldman Sachs expects tax hikes of ‘at least’ £20bn in Reeves budget September 10, 2024 Many potential tax reforms have faced criticism for their potential unintended consequences.
