De La Rue: British banknote maker lifts profit expectations as currency demand recovers October 6, 2023 British banknote maker De La Rue has bumped up its profit expectations for the first half of the year after it reported seeing signs of recovery in its currency business. The Basingstoke-based firm said it now expects adjusted operating profit to be “marginally ahead of previous guidance” given in June. Shares in the company, which [...]
Tim Martin: JD Wetherspoon boss in tirade against Covid lockdowns as pub chain swings to profit October 6, 2023 The boss of Wetherspoons has launched a tirade against the UK's Covid-era lockdown policies.
London house prices slump again as high interest rates pile pain on mortgage holders October 6, 2023 London house prices cratered again in September as the Bank of England’s interest rate hikes continue to pile pain on mortgage holders and weigh on the housing market. House prices in the capital have fallen 4.8 per cent over the last year, the biggest fall of any region in cash terms at an average of [...]
Retail woes continue as sunny September slows fashion sales October 6, 2023 September proved to be another tricky month for retailers, with growth up just 0.2 per cent on last year, hit by hot weather and the cost of living crunch. According to latest figures from the accountancy firm BDO, clothing retailers saw sales fall 3.4 per cent during the month, compared with a 6.7 per cent [...]
We’ve reached “Peak Biden” – so prepare for Donald Trump to win next year’s election October 6, 2023 No amount of wishful thinking changes the fact that the American people blame Biden for the country's economic woes leaving Trump on track to take the White House, writes Dr John C. Hulsman
Bank of England will cut interest rates ‘much more quickly’ than Fed, think tank predicts October 5, 2023 Rising unemployment will force the Bank of England to cut interest rates "much more quickly" than the Federal Reserve, the Resolution Foundation predicted.
This™: Plant-based protein firm backs profitability despite fears UK’s appetite for vegan food is waning October 5, 2023 The boss of plant-based protein maker This™ has insisted the firm is on track for profitability, despite fears the appetite for vegan products is fading.
Thursday opens with green candles and a surge from Avalanche (AVAX) October 5, 2023 The entire crypto market cap is up by 0.5%, as Bitcoin continues to take a robust hold above $27k, trading for $27,670 this morning.
FTSE 100 close: London markets close higher after sliding for three days straight October 5, 2023 London’s FTSE 100 jumped into the green on Thursday, following three days where the capital’s blue-chip index slid. The FTSE 100 climbed 0.53 per cent to close at 7,451.54 while the FTSE 250 ended 0.61 per cent higher at 17,599.98 The FTSE’s gains came despite data showing a stronger than expected labour market in the [...]
John Lewis needs a retail chief to take charge and steer it back on track October 5, 2023 Sharon White's successor at John Lewis faces a difficult decision, writes George MacDonald, and must choose whether to follow her strategy or forge their own to bring the British retailer success again