FTSE 100 close: London powers into the green after retail rebound, Natwest shares soar February 16, 2024 "Market sentiment is being buoyed by better-than-expected retail sales," Sophie Lund-Yates, lead equity analyst, Hargreaves Lansdown.
Inflation still the number one concern for London Businesses, LCCI finds, but confidence improves February 16, 2024 Inflation is still the number one concern for London firms found the London Chamber of Commerce andIndustry (LCCI). In its CAPITAL 500 London Quarterly Economic Survey, published on January 24 th, found that 66 per centof companies said they were more concerned about inflation in Q4 of 2023 than previous quarters,while four in 10 (41 [...]
Recession or rebound: Where is the UK economy after blockbuster week of data? February 16, 2024 The UK is in recession, but there are also signs of a rebound. Inflation lower was than expected but wage pressures remain strong. What does it all mean?
Monthly insolvencies tick up again as firms feel the brunt of the Bank of England’s interest rate hikes February 16, 2024 According to figures from the Insolvency Service, there were 1,769 company insolvencies in January, five per cent higher than in the same period last year driven by an increase in forced closures.
Letters to the editor: Tourist tax proves puzzling, cross words for our crossword February 16, 2024 Each week we at City A.M. Towers receive some enlightening and occasionally constructively critical letters. Here are our favourites from this week.
Inflation and cost rises bring losses near £50m at Harringtons pet food maker February 16, 2024 A rise inflation and costs contributed to losses nearing £50m at the company behind the Harringtons pet food brand during its latest financial year, it has been revealed.
Outlook for London tenants improves (slightly) as rents stabilise after period of rapid growth February 16, 2024 The rental market in London appears to have peaked, with price growth steady month on month, according to new government figures.
EDF swings to profit on back of high electricity prices but notes £11bn Hinkley hit February 16, 2024 French nuclear power giant EDF swung to profit in 2023, despite booking a large impairment on the struggling Hinkley Point C project.
Scotch and spirits gave Treasury £1.4bn boost thanks to tax freeze February 16, 2024 Scotch whisky and spirits sales contributed more to the Treasury as a whole thanks to increased sales despite being taxed at a lower rate
Natwest notches highest profit since 2007 as bank feels interest rate boost February 16, 2024 The group said it had recorded an operating profit of £6.2bn for 2023, up 20 per cent on 2022's recorded figures.