A tale of two markets: ‘Muted’ UK recruitment offset by thriving Europe, says Robert Walters April 6, 2023 Robert Walters said its group profit remained flat in the first quarter of 2023 compared to last year, as a European recruitment drive offset falls elsewhere. Group profit was flat compared to last year on a constant currency basis, although it rose four per cent to £102.4m from £98.4m on a reported level. The recruiter [...]
London needs a new financial services story – and it should be crypto, says former chancellor Hammond April 6, 2023 Back in 2017, a word association for then-Chancellor Philip Hammond may have conjured up the likes of staid and steady over innovative and adventurous. Theresa May’s right hand man oversaw a turbulent period for the country but he was the last man in Number 11 to stick to the Office for Budget Responsibility’s forecasts. While [...]
London house prices: Price of a home in the capital will set average buyer back by over £537k April 6, 2023 London house prices continued their upward climb with the average price of a home in the capital £537,250 in March. Halifax’s house price index found that Greater London alongside the North East, were the only areas of the country that did not experience a slowdown in the rate of annual house price inflation. As the [...]
Topps Tiles share price soars as retailer shrugs off slowdown in DIY demand April 5, 2023 Topps Tiles share price closed up nearly seven per cent today after the retailer posted bumper revenues for the first half of the year. The Leicester-headquartered business reported a 9.5 per cent jump in revenues to £130.5m in the 26-week period ending April 1, with some £9m of the revenue growth related to its acquisition [...]
A new tax year has started, here’s what you should be doing April 5, 2023 Savers have welcomed in a new tax year, starting Thursday 6 April. These include putting savings into tax free accounts such as Isas; the annual contributions limit for Isas will remain frozen in the 2023/24 tax year, from April 6, at £20,000. Sarah Coles, head of personal finance at financial services provider Hargreaves Lansdown, said: [...]
Ethereum posts nine-month high as Shanghai upgrade approaches April 5, 2023 Ethereum is trading for $1,910 this morning, up 5% in the last 24 hours as next week's proposed Shanghai upgrade nears.
UK economy: Flat services sector could ease fears of more interest rate hikes although recession fears still loom April 5, 2023 The British services sector continued its recovery from recent woes as it expanded again in March, although more slowly than in February meaning recession still stalks the UK economy. The S&P Global/CIPS UK services PMI survey showed a reading of 52.9 last month, down from a score of 53.5 in February. Experts had forecast that [...]
FTSE 100 close: Markets close in the green despite US jobs data pointing to possible recession April 5, 2023 London’s blue chip index ended in the green on Wednesday despite weak data from the US raising the risk of a recession. The capital’s premier index closed 0.37 per cent higher at 7,662.94 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, ended 1.14 per [...]
Hilton Foods welcomes ex Co-op chief to replace boss of 30 years as profits nosedive April 5, 2023 Meat packer Hilton Foods has blamed “significant” challenges in its seafood wing for nosediving profits, as it welcomes a former Co-op boss to head up the business. The FTSE 250 firm’s share price was down 1.25 per cent this morning, as it witnessed a steep decline in profits down to £29.6m from £47.4m the previous [...]
Co-op warns cost of living crisis will eat into future profits as food to funeral care firm feels pain of inflation April 5, 2023 The Co-operative Group has warned that ongoing inflation and economic uncertainty is likely to reduce its profits in 2023. The food, insurance and funeral care provider revealed its underlying profit remained flat at £100m for the year while EBITDA was down £15m to £490m compared to £505m in 2021. Group revenue for the year was [...]