Morrisons cuts over 3,600 jobs as profit passes £2bn August 4, 2025 Morrisons cut more than 3,600 jobs as it returned to profit for the first time since a private equity-backed takeover in 2021. The Bradford-headquartered supermarket giant has posted a pre-tax profit of £2.1bn for the 12 months to 27 October, 2024, new accounts filed with Companies House have revealed. The profit comes after Morrisons made [...]
Bank of England to cut interest rates but faces dilemma on outlook August 4, 2025 The Bank of England is unlikely to signal faster interest rate cuts at this Thursday’s meeting, leading economists have said, leaving the future of monetary policy in the balance. Monetary Policy Committee (MPC) members are widely expected to agree to cut interest rates by 25 basis points to four per cent. But City analysts have [...]
Borrowing costs set to ease further as Bank contends with weaker jobs market August 3, 2025 Borrowing costs are set to ease further as the Bank of England contends with stagnant growth and rising unemployment, experts have predicted. Most economists think the Bank’s Monetary Policy Committee (MPC) will cut interest rates by 0.25 percentage points to 4% on Thursday. It could release pressure for some mortgage holders amid hopes that cheaper [...]
Snoop Dogg, Reynolds and Modric: What’s luring stars to Welsh football? August 3, 2025 From Wrexham to Swansea and, perhaps soon, Cardiff: is the need for narratives leading the rich and famous to Welsh football? Two years ago, an American couple at Crewe train station asked me if they were on the right platform. They’d travelled from the other side of the world to go on a football pilgrimage. [...]
Trump removes jobs data official after employment report August 2, 2025 President Donald Trump has removed the head of the agency that produces monthly jobs figures for the US after a report showed hiring slowed in July and was much weaker in May and June than previously reported. Trump, in a post on his social media platform, alleged that the figures were manipulated for political reasons [...]
Rolls-Royce: FTSE 100 giant raises profit guidance after £1bn boost July 31, 2025 Rolls-Royce has raised its profit guidance after a “strong start to the year” which saw its revenue surge by almost £1bn. The FTSE 100 giant has reported an underlying pre-tax profit of £1.68bn for the first six months of its financial year, up from the £1.03bn it posted for the same period in 2024. New [...]
‘Responsible landlords’ urged to stay in the private housing market July 31, 2025 The UK’s landlord association has urged landlords to remain within the country’s private housing sector, warning that their exit could lead to a ‘disastrous’ outcome for tenants. Arguing that private landlords selling up is a direct cause of homelessness, the National Residential Landlords Association (NRLA) said that “responsible landlords” need to stay in the market [...]
UK business confidence highest in 10 years, Lloyds Bank says July 31, 2025 UK business confidence is at its highest level in 10 years as the service sector saw the biggest jump in optimism month-on-month, according to Lloyds Bank. Firms were more optimistic for the third consecutive month, with the rise driven by improved trade prospects and an improved economic outlook. Lloyds’ survey suggested hiring intentions had also [...]
Industry chief warns fresh tax grab will push ‘loved’ retailers to the wall July 31, 2025 More of Britain’s “well-loved” retailers will go to the wall if the government unleashes another round of tax hikes on businesses in the Autumn, the boss of the British Retail Consortium (BRC) has warned, as fresh data from the body found that nearly nine in 10 high street bosses are struggling with the tax burden. [...]
Rachel Reeves’ Autumn Budget still causing negativity – CBI July 30, 2025 A streak of negative business sentiment has now lasted 10 months, a leading industry body has suggested, in further evidence that employers have struggled to turn a page on Chancellor Rachel Reeves’ £40bn tax raid at last year’s Autumn Budget. Prime Minister Sir Keir Starmer has repeatedly told MPs that business confidence was edging higher, [...]