Food inflation lowest level since last August, as supermarket price wars pay off October 3, 2023 The rate at which food prices increase has fallen to 9.9 per cent in September, down from 11.5 per cent the prior month, and the lowest level since last August, in the latest signal that cost of living pressures customers face at the till are beginning to ease. Shop price annual inflation is now also [...]
Trouble insuring electric vehicles threatens green shift, experts warn October 2, 2023 Insurers are facing huge challenges in handling electric vehicles (EVs), experts have warned.
Yields continue rising after global bond sell-off last week October 2, 2023 Yields on sovereign bonds edged up again on Monday, renewing a sell-off which took steam last week amid concerns over higher interest rates.
Stocks and sandals: Birkenstock targets over $9bn valuation in US IPO October 2, 2023 Birkenstock said today that it is seeking a valuation of up to $9.2bn in its highly anticipated US initial public offering.
Final nail in the coffin for HS2 as Manchester leg reportedly shelved by Rishi Sunak October 2, 2023 The Manchester segment of HS2 will be shelved, according to reports.
Sharon White: What went wrong at John Lewis — and who might pick up the pieces? October 2, 2023 Appointed with no retail experience, Sharon White's time at the top of John Lewis will come to an end after just five years
Arnold Clark: UK car dealership pays founders’ family £67m dividend October 2, 2023 Arnold Clark, one of the UK’s largest car dealerships, has given the surviving family of its billionaire founder £67m worth of dividends, according to the latest Companies House filings. The sum brings the total money the family has taken out of the business to £118m over the last two years and comes after a record [...]
Peel Hunt eyes ‘encouraging’ shoots of recovery after deals drop off October 2, 2023 Investment bank Peel Hunt said it was seeing “encouraging signs” of recovery today after a sharp drop off in deals and listings over the past year. In a trading update this morning, the mid-market specialist said said it has seen a “prolonged period of adverse market conditions” since the end of 2021 but revenues had [...]
Manufacturing slide continues in wake of market uncertainty October 2, 2023 Rob Dobson, director at S&P Global Market Intelligence, said: “September saw the manufacturing sector still mired in contraction territory, as weak conditions at home and abroad hit new order intakes and led to a further scaling back of production volumes."
Prime minister ‘should be able to fire’ Bank of England governor: Top Tory October 2, 2023 The Prime Minister of the day “should be able to fire the governor of the Bank of England”, Lord David Frost has said.