Insolvencies will keep rising for ‘foreseeable future’ under burden of Bank’s high interest rates October 13, 2023 Insolvencies climbed 17 per cent on last year in September as companies struggled under the burden of the Bank of England's interest rate hikes.
Britain and US should form energy partnership like Aukus, US senator says during UK tour October 13, 2023 Duckworth said the US is in desperate need of transformers to upgrade its electricity grid, but is struggling because much of what it needs is produced in China
FTSE 100 close: London markets fall deeply into the red after Bailey’s hawkish comments on interest rates October 13, 2023 The FTSE 100 managed to eke out some gains thanks to its oil giants, who benefited from rising oil prices.
Car insurance premiums hit record highs as claims costs surge October 13, 2023 Car insurance premiums have hit record highs as insurers battle rising claims and heightened costs related to insuring electric vehicles, according to new data.
National Express owner Mobico has hit the brakes – so what’s going on with its share price? October 12, 2023 Mobico shares have spiralled near 30 per cent today as analysts question its push into international markets.
Pound slumps as US inflation remains stuck at 3.7 per cent in September October 12, 2023 Sterling slumped after US inflation came in slightly ahead of expectations.
Government must send ‘clear signals’ to boost UK hydrogen investment October 12, 2023 The government must send "clear signals" that the UK is ready for business, or risk failing to meet its hydrogen ambitions.
FTSE 100 close: London’s blue-chip index closes higher after UK returns to growth while Mobico plunges October 12, 2023 London rose as The Restaurant Group's share soared and Mobico's plunged, while investors reacted to latest GDP statistics.
National Express owner Mobico sees shares tank after miserable trading update October 12, 2023 Mobico Group said it had suspended its 2023 dividend and is exploring the sale of its North American school bus business.
London councils warn of financial ‘knife edge’ as overspends grow October 12, 2023 The warning comes as councils across the country have said they are experiencing severe financial pressures, with seven councils issuing Section 114 notice