Pizza Pilgrims’ co-founder on creating the perfect base for strong growth November 8, 2024 Pizza Pilgrim's co-founder Thom Elliot has hospitality in his veins. In just over a decade, he and his brother James have gone from growing up above a pub in Cornwall to opening their 25th pizzeria this November.
Sainsbury’s: FTSE 100 retailer warns Reeves’ budget may push up food prices November 7, 2024 Chief executive of Sainsbury’s Simon Roberts has warned that Reeves’ decision to increase employer’s national insurance contributions (NICs) by 1.2 per cent to 15 per cent next April could lead to price inflation. Sainsbury’s has estimated the cost of the change at £140m, according to the Guardian. “This industry operates on very low margins, and there just [...]
Marks and Spencer shares up on double-digit growth as turnaround pays off November 6, 2024 Marks and Spencer has reported another bumper set of results ahead of the golden quarter as its turnaround plan continues to pay off. The company’s share price rose by nearly five per cent in early trades and reached a level not seen since 2016. Profit before tax rose 17.2 per cent to £407.8m, up £348.1m [...]
Did Rachel Reeves deliver a net zero Budget? November 4, 2024 The UK’s recent Budget included a series of measures which have prompted debate over its impact on achieving net zero. While Rachel Reeves announced significant investments in green energy, hydrogen projects and electric vehicle incentives, a number of her decisions have raised concerns about the effectiveness of the UK’s environmental sector. While Wednesday’s Budget announced [...]
Eurozone inflation rises faster than expected in October October 31, 2024 New 'flash' figures from Eurostat showed that inflation rose back up to 2.0 per cent, rising from 1.7 per cent in September and slightly higher than markets had expected.
Shop prices fall further in October despite fashion recovery October 29, 2024 According to the British Retail Consortium (BRC), shop prices fell 0.8 per cent in the year-to-October.
Mcdonald’s UK profit slashed by over £100m October 28, 2024 Profit at Mcdonald’s UK restaurants was slashed by more than £100m in 2023 despite its turnover taking a big stride towards the £2bn mark. The US fast food giant has reported a pre-tax profit of £66.3m for its UK operations, down from the £170.8m it achieved in 2022. Mcdonald’s operating profit was cut from £165.4m [...]
US and European interest rate cuts hang in the balance ahead of crunch week October 27, 2024 Key economic figures in the US and Europe are set to give investors clues on how much further both regions' central banks could go in cutting interest rates this year.
Inflation falls below two per cent for first time since April 2021 October 16, 2024 September's inflation figures come a day after official data showed a further easing in wage growth, which bolstered bets that the Bank would cut interest rates in November.
How British philanthropists can be the world’s most generous October 15, 2024 Today, the Stock Exchange will play host to a gathering of philanthropists, wealth advisers and policymakers in a spirited effort to stimulate and celebrate philanthropy. The Giving and Impact Summit 2024 takes place the morning after the UK government’s International Investment Summit, underscoring the importance of charitable giving and the role the UK plays on [...]