Restaurants hit by August wash out as firms pray for sunny September rebound September 5, 2023 Restaurants were hit hard by the wet weather in August suffering a 5.8 per cent monthly decline in sales, new data has revealed.
The Notebook: Victoria Scholar on the economy, Ryanair, and Spoons September 5, 2023 Do you want the good news or the bad news first? I’ll start with the good.
Airports fear UK’s race to fly on biofuels is in danger of stalling September 4, 2023 “Urgent action” is needed to prevent the UK falling behind its European and American counterparts in the development of critical green technologies
Eurozone inflation unexpectedly steady in August but core prices fall giving ECB new headache August 31, 2023 Eurozone inflation held steady this month but underlying price growth fell as expected, a mixed picture that complicates life for the European Central Bank as it weighs the merits of a pause in rate hikes. Overall inflation in the 20 countries sharing the euro was unchanged at 5.3 per cent in August, defying expectations for [...]
FTSE 100 Close: London finishes in red on fears of stubborn inflation August 31, 2023 London’s FTSE 100 was subdued today on fears of stubborn inflation keeping investors quiet, finishing in the red after being on one of its longest winning streaks in months. The capital’s premier blue-chip index finished 7,452.87, 0.28 per cent down, after spending all day in the green. By 2.30 it was at 7,488.29, about 0.2 [...]
‘No room for complacency’ on inflation: Bank of England’s Pill hints at 15th straight interest rate hike August 31, 2023 The Bank of England’s chief economist warned that there was “no real room for complacency” in bringing inflation down back to target, suggesting more rate hikes are in the offing. Speaking at a research conference in South Africa, Huw Pill said “inflation remains too high, well above target, and there is no real room for [...]
FTSE reshuffle: Who’s been promoted and who’s got the boot? August 30, 2023 Marks & Spencer has climbed back on to the UK’s FTSE 100 four years after dropping off the top stock index, while housebuilder Persimmon has been demoted following a rocky patch for the housing market. The upmarket supermarket staged the return to the top tier after seeing its share price jump by more than two [...]
Brexit border checks on food delayed for fifth time August 29, 2023 The implementation of post-Brexit border checks on food products coming from the EU has been delayed for a fifth time.
FTSE 100 close: London markets storm to two week high August 29, 2023 London’s premier index stormed to a two week high thanks as falling food inflation and hopes of a Chinese stimulus package lifted sentiment. The bluechip FTSE 100 ended 1.7 per cent higher at 7,464.99 while the midcap FTSE 250 rose 1.9 per cent to 18,468.59. Many markets around the world saw strong trading yesterday, when [...]
Trust in supermarkets at 10-year low like ‘dark days of horsemeat scandal’ August 29, 2023 Trust in supermarkets has plunged to its lowest level in nearly a decade as consumers continue to worry about high prices, despite food inflation showing signs of easing. In August the grocery sector received a trust score of +30 -on a scale of -100 to +100 -from British shoppers, a new study by Which? revealed [...]