Bank of England more likely to back faster rate cuts after inflation surprise October 16, 2024 New figures showed that inflation came in below the two per cent target for the first time since April 2021.
Cotswold Outdoor has now lost over £100m since it last made a profit October 16, 2024 The company behind Cotswold Outdoor has now lost more than £100m since it last made a pre-tax profit almost ten years ago, it has been revealed. The Wiltshire-headquartered retailer, whose brands also include Runners Need as well as Snow and Rock, has reported a pre-tax loss of £7.3m for 2023, after also making a loss [...]
Admiral and Direct Line shares sink as Labour takes aim at ‘spiralling’ car insurance costs October 16, 2024 Shares in insurers Admiral and Direct Line slumped on Wednesday after the government unveiled a new taskforce that it said would tackle the "spiralling" cost of motor insurance.
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.
Despite falling unemployment, a November rate cut looks almost certain October 15, 2024 The figures showed that regular pay growth was at its lowest level since June 2022 while pay growth including bonuses dropped to its lowest level since November 2020.
This is why business travel will never be the same again – IWG boss October 15, 2024 Current signs indicate business travel is unlikely recover to pre-pandemic levels, the boss of IWG, one of the world’s largest office providers, has said. “Technology will never replace the value of in-person interactions where they are strategically important,” chief executive Mark Dixon told City AM. However, he warned “all signs suggest it is unlikely to return to [...]
Fenwick: John Lewis rival slumps into the red and cuts jobs October 15, 2024 Department store chain Fenwick slumped back into the red and cut jobs as it battled the cost-of-living crisis and a “changing retail environment”. The Newcastle-headquartered business has reported a pre-tax loss of £28.3m for the year to 26 January, 2024, having previously made a pre-tax profit of £57.1m in the prior 12 months. Newly-filed accounts [...]
Wage growth eases again in boost for rate cut hopes October 15, 2024 Strong wage growth has been a concern for policymakers at the Bank of England due to fears that it could keep cost pressures elevated, particularly in the labour-intensive services sector.
‘Quaint’ Budget not the main focus for City traders this autumn October 15, 2024 Investors have pointed to rising gilt yields as a sign that markets are getting increasingly jittery as the Budget approaches.
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 [...]