Victoria Plum sold in pre-pack administration deal to owner of Beds.co.uk October 1, 2023 The owner of Beds.co.uk and furniture seller Cox & Cox has reportedly snapped up Victoria Plum, one of the UKs biggest online bathroom retailers.
UK recovery from Covid pandemic stronger than expected, ONS figures show September 29, 2023 The UK economy grew slightly faster in the first quarter of this year than previously expected meaning it is now 1.8 per cent larger than it was pre-pandemic.
EY hands back £15m to Santander over ‘poor’ work on financial crime defences September 26, 2023 EY agreed to terminate a contract with Santander's UK business after its anti-financial crime work for the bank was deemed to be insufficient, according to a report.
London investment body appoints first CEO in bid to open doors to capital September 26, 2023 LONDON’S drive to attract foreign investment to the capital could be set for a lift after a public-private partnership with a mandate to drum up business appointed its first CEO.
FTSE 100 close: London climbs on softer pound after Bank of England holds rates September 22, 2023 London's blue-chip FTSE 100 index rose on Friday as it benefited from the weak pound in the wake of the Bank of England's decision to hold interest rates steady.
Bank of England: Have interest rates hit their peak? September 21, 2023 Economists think rates are at their peak after the Bank of England decided to leave rates unchanged for the first time in nearly two years.
Government borrows less than official predictions in August thanks to rising tax receipts September 21, 2023 The government borrowed £11.6bn in August, the fourth highest August borrowing figures on record but still lower than official forecasts from the Office for Budget Responsibility (OBR). According to figures from the Office for National Statistics (ONS), higher central government spending meant borrowing was £3.5bn higher than August last year. The only time the government [...]
Goldman: Bank will likely hold rates after UK inflation surprise September 20, 2023 Goldman Sachs now expects the Bank of England to leave rates on hold tomorrow after this morning's surprise inflation reading.
FTSE 100 close: London markets rise after inflation surprise raises prospect of rates being left on hold September 20, 2023 The FTSE 100 climbed 0.6 per cent to trade at 7,705.34 while the FTSE 250 rose 1.2 per cent to hit 18,655.75.
Bank of England set to hike rates again despite fears of a recession September 18, 2023 Uncomfortably high levels of wage growth and services inflation suggest inflation is increasingly domestically driven.