Why today’s inflation data is still bad news for a bruised Bank of England August 16, 2023 Core inflation is unmoved and services inflation actually crept up. It all points to more trouble for the embattled Bank of England.
Marshalls profits slump as business warns ‘challenging’ environment expected to persist into 2024 August 16, 2023 Building products supplier Marshalls reported a 26 per cent slide in adjusted profit before tax in its half year results, slumping to £33.2m, as a slowdown in the UK house building market continues to eat away at its earnings. The group, which is headquartered in West Yorkshire, also said that adjusted EBITDA fell eight per [...]
Headline inflation slows again but Bank set for further rate rise August 16, 2023 Inflation has fallen to 6.8 per cent thanks to energy price falls, but core inflation remains sticky
He could work on the delivery, but Bailey’s warnings were right August 16, 2023 So was he right? Bank of England governor Andrew Bailey’s comments that Brits shouldn’t ask for a pay rise looked tin-eared at the time, and it didn’t help when the Bank then upped its bonus pool. But his warnings of a wage price spiral appear to be coming to fruition. Now, what brought on the [...]
Biden’s $370bn green subsides are only a threat if we continue ignoring them August 16, 2023 When Biden first introduced the Inflation Reduction Act, everyone panicked. Since then, there has been stony silence from Britain.
House prices will eventually start to fall, as long as owners accept their new reality August 16, 2023 House prices are on the rise because fewer people are selling, and fewer people are selling because they think their property has preserved its value. Once they give up, prices will fall, writes Paul Ormerod
Could new EU laws see Manchester City and Newcastle face a state aid complaint? August 15, 2023 A complaint to the European Commission against Paris Saint-Germain for allegedly receiving state aid and distorting the market has raised the prospect of Manchester City and Newcastle United being next in the firing line. Football is accustomed to firebrand Spanish chief Javier Tebas taking shots at Paris Saint-Germain but his latest challenge to the French [...]
Over-50s skills gap persists as unemployment increases August 15, 2023 Skills bootcamps schemes are failing to get over-50s back onto payrolls, despite ministers prioritising older Brits returning to the workforce. Labour accused the government of not helping enough over-55s to retrain and claimed older workers were “abandoned to the scrapheap”, making up just one in 20 reskilling trainees. Adults aged 55 to 67 make up [...]
Would CVC ever consider a London listing? August 15, 2023 Buyout giant CVC is reported to have revived its listing plans in recent weeks and is heading for a blockbuster float on Amsterdam’s Euronext bourse.
Wilko rumour mill: B&M shares up as takeover whispers gather volume August 15, 2023 Wilko has fallen into administration but rumours are flying that fellow discounters could be circling the stricken retailer