COP28: Net zero may need City to mobilise ‘trillions of pounds’, Rishi Sunak says December 1, 2023 Transitioning to net zero won’t happen “without mobilising hundreds of billions, if not trillions of pounds” of public and private investment, Rishi Sunak said on route to COP28.
Eurozone inflation slumps raising the prospect of rate cuts November 30, 2023 Core inflation - which strips out volatile components like food and energy - dropped from 4.2 per cent to 3.6 per cent.
Bitcoin holding steady just below key $38,000 line November 30, 2023 Bitcoin failed to find the support from investors it needed to maintain its momentum above $38,000 and is down by 0.5% at $37,710.
Property transactions slide 17 per cent in October as hangover from high mortgage rates drags on November 30, 2023 The number of new homes bought in October was 17 per cent lower than the year before, as high mortgage rates during the summer led to lower activity, according to the latest figures from HMRC.
Bank of England finance panel suggests wage growth won’t budge next year, but inflation will fall November 30, 2023 "Expected output price inflation has been gradually falling over the year," the survey noted.
Worst corporate jargon of the week: The ‘journey’ November 30, 2023 On Linkedin you cannot move for white-collar marketing professionals called Steve orating their ‘epic mission towards growth’.
Mitchells & Butlers: All Bar One owner toasts ‘record year’ despite battling high costs November 30, 2023 All Bar One owner Mitchells and Butlers (M&B) said that like for like sales grew to a record 9.1 per cent during the full year, as the chain toasts a strong performance. The no frills dining and pub chain, which also owns Toby Carvery, said that adjusted operating profit increased by 17.6 per cent, despite [...]
Hunt hits back at claims his tax cuts rest on a ‘fiscal fiction’ November 30, 2023 "The way that we fund our public services over the medium is by having a healthy growing economy," Hunt said.
Record level of British haulage businesses going bust ‘at a rate unheard of’ November 29, 2023 British haulage businesses going insolvent has jumped over the last two years as the fallout of the UK economy has pushed business to go bust.
‘Realist’ Bailey says Bank of England is ‘getting sleeves rolled up’ to tackle inflation November 29, 2023 In an interview with the Daily Staffordshire, the Bank's governor said "we are not in a place now where we can discuss cutting interest rates."