We’re (not) lovin’ it: McDonald’s posts first sales drop since 2020 July 29, 2024 Fast-food giant McDonalds posted a global sales drop of one per cent year on year in the three months to the end of June.
Crucial US inflation data rises slightly faster than expected as Fed ponders next rate move July 26, 2024 A crucial piece of US inflation data came in slightly hotter than expected last month as the Federal Reserve considers when to start cutting interest rates. Figures out today showed the core personal consumption expenditures (PCE) price index, which is the Fed’s preferred gauge of inflation, remained stuck at 2.6 per cent in June. This [...]
Sadiq Khan has no answers on London’s ailing nightlife July 25, 2024 More than 3,000 pubs and clubs have closed since the pandemic while other cities like Manchester and Liverpool have thrived. If the mayor won’t do anything about it, others will, says Emma Best Growing up gay in London, my world and confidence in who I was changed when I was able to start experiencing London’s [...]
Six graphs the Bank of England will study before August interest rate decision July 24, 2024 For the first time since last September, there is genuine uncertainty about the Bank of England’s next move on interest rates. The Monetary Policy Committee (MPC) will meet next Thursday, with markets putting the odds of a cut at about 40 per cent. There’s enough evidence of disinflation to warrant a cut. Similarly, more hawkish [...]
Flora maker’s plant-based gamble pays off as sales of the now-vegan spread surge July 22, 2024 The UK arm of the group behind Flora Buttery has seen its gamble pay off after it made the iconic spread 100 per cent vegan, according to newly-filed documents.
FTSE 100 today: Blue-chip poised to end two-week winning streak amid global uncertainty July 19, 2024 Asian markets drop with Wall Street; oil prices fall; Japan inflation rises; Netflix exceeds subscriber targets; UK retail sales data next.
Stubborn services prices to raise concerns as inflation remains at two per cent July 17, 2024 Speaking last week, Huw Pill, the Bank's chief economist, said persistence in wage growth and services inflation points to "uncomfortable strength in those underlying inflation dynamics”.
Ocado shares lead the FTSE 250 as chief announces ‘clear roadmap’ to profit July 16, 2024 The company told markets this morning, that it had revenue of £1.5bn, up by 12.6 per cent year on year, driven by 22 per cent growth in technology solutions.
US inflation comes in below expectations as eyes turn to Fed’s next rate decision July 11, 2024 Economists think the Fed is likely to start cutting interest rates in September.
Amazon faces potential investigation as Prime Day nears July 11, 2024 A watchdog has warned that it would "not hesitate" to launch a formal investigation into Amazon if concerns were raised that the US giant was not treating its suppliers fairly and lawfully.