As Gove returns to the toxic housing seesaw, inflation will become his worst enemy October 27, 2022 After Monday’s reshuffle, and the new prime minister’s promise to fix the mistakes of his predecessor, can we expect some much needed stability in politics? Perhaps that’s wishful thinking, given the psychodrama that has rocked the Conservative party for the past year. But for those who are looking for some measure of consistency, there might [...]
Growth for Durex owner Reckitt as punters find new way to warm the home October 26, 2022 CONSUMER giant Reckitt enjoyed another bumper quarter heading into the winter – with strong momentum in one particular category suggesting consumers across the world might have found alternative ways to keep warm amid the energy crisis. The firm said it had seen “strong growth” in its intimate wellness portfolio, which includes Durex and KY, alongside [...]
Deutsche Bank posts ninth successive quarterly profit as turnaround efforts yield gains October 26, 2022 ONE OF Europe’s biggest lender’s Deutsche Bank has notched its ninth successive quarterly profit, marking a big turnaround after years of being mired in scandal and losses. The German giant said today profits hit €1.12bn (£975m) in the three months to September, up from €194m (£167m) in the same period last year. Deutsche Bank’s profits [...]
UK banks return to amassing default reserves amid inflation and mortgage crunch October 26, 2022 Barclays said profits had jumped six per cent in the third quarter of the year as it became the latest lender to see performance buoyed by rising interest rates.
Sunak delays Halloween fiscal statement until 17 November October 26, 2022 Prime Minister Rishi Sunak has delayed next week’s Halloween fiscal statement until 17 November on his first full day on the job. Chancellor Jeremy Hunt said it will now be a “full autumn statement”, instead of a truncated emergency plan to outline how the government will get debt falling. The announcement caused a sell-off of [...]
Gold and silver show signs of recovery with Fed rate hikes expected to ease October 26, 2022 Gold and silver are rebounding amid growing expectations the Fed will ease its aggressive policy of hiking interest rates.
Bloomsbury has ‘highest ever’ first-half profit and sales as books become ‘affordable treat’ October 26, 2022 Bloomsbury had its “highest ever first half sales and profits”, as books become an “affordable treat” during the cost of living crisis. The company’s profit was up 23 per cent on 2021 and almost 300 per cent on two years ago, as students return to schools and universities, while consumers turn to books in the [...]
Virgin Wines expects customers to dodge the pub for drinks at home October 26, 2022 Virgin Wines has anticipated customers will host more social gatherings at home rather than heading to the pub. In annual results, the online wine retailer said it was “mindful” of the potential impact of the cost of living crunch on frequency and order values. However, it said it expected people would be “more likely to [...]
Top brewer warns average cost of a pint may now exceed £7 October 26, 2022 A top Brewer has said the average cost of a pint could cost reach £7 due to the cost of living. Scottish beer-maker Brewgooder’s chief executive Alan Mahon said the cost of raw ingredients were reaching “eye-watering” levels, pushing up the cost of a cold brew. Mahon said C02 was now costing 3,000 per cent [...]
It’s time to go back to basics and go about fixing our deficit before more tax cuts October 26, 2022 As inflation pushes prices further and further up, food has been getting more expensive for some time. But, as the cliche goes, there was never such a thing as a free lunch.