FTSE 100 close: London ends week marginally up after Powell Fed speech indicates caution August 25, 2023 London’s FTSE 100 is ended the week in subdued fashion, marginally up around a crunch speech across the pond by Fed chair Jerome Powell. The capital’s premier bluechip index closed on 7,337.38 points Friday morning, up around 0.05 per cent, while the FTSE 250, which is more aligned to the domestic market, finished down 0.3 [...]
Wall Street wilts as yields rise ahead of speech by Federal Reserve chief Powell August 25, 2023 Wall Street has slumped despite a blowout profit report from Nvidia, following some mixed reports on the US economy. The S&P 500 dropped 1.3 per cent for its worst loss in three weeks. It nearly wiped out its gain for the week, which had been a bright spot in what has been a rough August. [...]
Consumer confidence shows ‘renewed optimism’ against falling core inflation August 25, 2023 Consumer confidence is showing “renewed optimism” against a backdrop of falling core inflation, figures suggest. GfK’s long-running Consumer Confidence Index improved five points in August, with all measures reversing the drop seen in July, although it remains firmly in negative territory at minus 25. Confidence in the general economic situation for the next 12 months [...]
Construction companies ‘treading water’ as insolvency rate reaches highest level in a decade August 24, 2023 UK construction companies are going bankrupt at a faster rate than at any point in the last decade.
Who’s really to blame for your car insurance getting more expensive? August 24, 2023 Ask anyone who has renewed their car insurance this year and they will tell you it has gone through the roof. But who, or what, is to blame for the surge in prices?
KP Snacks workers take action: ‘If you pay peanuts, expect strikes!’ August 24, 2023 Workers at KP Snacks have voted to walk out for a week in September after they vehemently rejected a “below-inflation” eight per cent pay rise. The factory in Rotherham is the only producer of KP Nuts, so snack-lovers countrywide could find themselves without their usual protein-packed nibbles. Some 83 per cent of workers voted to [...]
Sweeping powers to hike broadband bills must be stopped August 24, 2023 Consumer group Which? has accused Virgin Media of 'breaking the law' with new price increases.
Gatwick bank holiday strikes OFF: Brits breathe sigh of relief as disruption averted August 24, 2023 London Gatwick Airport passengers are no longer facing disruption over the August bank holiday, after workers accepted a last-gasp pay deal. The Unite Union threatened strike action on this weekend, on behalf of members employed by ground handlers Red Handling and Wilson James, who operate passenger assistance contracts. But following the improved offer both have [...]
PureGym: “If we build it, they will come” says gym chain riding out cost hikes August 24, 2023 Value fitness club PureGym appears to have muscled its way through the start of the cost of living crisis with revenues spiking almost a fifth. During the quarter it steamed ahead with its expansion plans to open one new site per week, amounting to 20 new sites in the UK. The business, which offers competitive [...]
Hays: Hiring slowdown hits profit as longtime boss steps down August 24, 2023 Global recruitment firm Hays has appointed a new chief executive after a near six month hunt for a new head. The London-listed company named Dirk Hann, its current managing director of Hays Germany and CEMEA as replacement for Alistair Cox, who said was stepping down after 15 years at the helm in February. Hann will [...]