FTSE 100 close: London markets fall as central banks take centre stage again September 18, 2023 Markets were in a watchful mood as traders anticipated decisions from the US Federal Reserve, Bank of England and Bank of Japan later this week.
Share price plummets: Sorrell’s S4 Capital downgrades outlook as tech slowdown bruises ads market September 18, 2023 Shares in Sir Martin Sorrell’s S4 Capital plunged as much as 27 per cent at market open after it reported a mix bag of updates for the first half of 2023, with a strong technology division failing to make up for a slow ads market elsewhere in the business. The firm reported an operating loss [...]
Last orders? Number of pubs shutting for good jumps 50 per cent September 18, 2023 The number of pubs being demolished or converted for other uses across England and Wales surged by 50 per cent over the latest quarter, according to new figures. Official Government statistics have revealed that 230 pubs disappeared for good in the three months to June 30 as the impact of soaring costs and pressure on [...]
BP: New boss will need to figure out relationship with green energy September 18, 2023 BP boss Bernard Looney resigned last week after misleading his board. Energy editor Nicholas Earl argues whoever replaces him will need to stick or twist with Looney's renewables strategy
Interest rates: Three things the Bank will consider for the next rate decision September 18, 2023 The Bank of England's rate-setters will meet next week and they will have no shortage of topics to discuss.
Bank of England set to hike rates again despite fears of a recession September 18, 2023 Uncomfortably high levels of wage growth and services inflation suggest inflation is increasingly domestically driven.
Our economic recovery is on track, but we should aim to be on par with US growth September 18, 2023 There is no reason Britain should not aim to have an economy growing the same speed - if not faster - than the US, writes Chris Hayward
Basic competence a first step – then Tories can afford ideology September 18, 2023 Liz Truss has been accused of many things over the past year, but nobody could level any accusations about her willingness to front up. Many politicians would have retired, tail very much between legs, to the outer reaches of our public life and sought the quiet life. Not Truss, who today will reassert her position [...]
Arm IPO pockets advisers $84m in bumper payday September 17, 2023 The float of British chipmaker Arm pocketed its advisors $84m worth of fees in the biggest payout bonanza in nearly five years, according to new analysis.
The winners and losers of London’s work-from-home economy: The City, the Wharf and the Burbs September 17, 2023 The pandemic may have ended, but the lasting work-from-home culture has changed how people splash their cash – and invariably it’s on a Thursday now. Empty restaurants, but heaving happy hours in pubs, is the perhaps biggest shift for the hospitality sector as consumers change their habits to meet a new work-life balance. A new [...]