ONS: Number of UK ‘high growth’ firms has fallen by 15 per cent since 2014 February 9, 2022 The number of UK firms considered to be “high growth” job creators has plummeted by 15 per cent between 2014 and 2020, according to figures from the Office for National Statistics (ONS). The figures, compiled by Labour, showed that 14,190 firms were considered to be high growth at the end of 2014 and that this [...]
Bank of England chief wonk backs ‘steady handed’ approach to rate hikes February 9, 2022 The chief wonk at the Bank of England today backed a “steady handed” approach to rate hikes despite a projected more than seven per cent inflation peak. Huw Pill, the Bank’s chief economist and successor to Andy Haldane, said the Bank needs to hold fire on pursuing an “activist” approach to tightening monetary policy. Pill’s [...]
Hunting for “10 baggers” – how the UK beat the US February 9, 2022 The ups and downs of US technology stocks dominate headlines. Before this year’s tech correction it would have been hard to miss the news, for instance, that Apple’s market capitalisation had exceeded $3 trillion. That was not too far short of the entire value of the UK stock market. What is less well known, however, [...]
EN+ Group reports steady progress amid inflationary pressures February 9, 2022 En+ Group has reported stable operational results in its full-year trading update amid global inflationary pressures.
Smurfit Kappa wraps up full-year with €913m profit and dividend hike February 9, 2022 Packaging giant Smurfit Kappa has reported full-year profits before income tax of €913m, a 22 per cent boost on last year.
More economists warn of cost of living crunch’s drag on UK growth February 8, 2022 The squeeze on households’ living standards from the cost of living crunch will drag on the UK economy this year, reveals fresh forecasts published today. A triple whammy of Inflation topping seven per cent, a heavier tax burden and swelling energy bills is set to erode consumers’ real incomes, prompting a pull back in spending, [...]
Cost of living crunch bites Brits’ optimism February 8, 2022 Fears over a sharp erosion in living standards driven by the cost of living crunch is weighing on Brits’ confidence levels, reveals a fresh survey published today. Consumer confidence in the UK dipped to its lowest level in 11 months last month, according to research by Bank of America. Concerns over inflation hitting household budgets [...]
Perfect storm of rising costs to hit retail return February 8, 2022 Total retail sales jumped 7.5 per cent during January compared to the same month in 2020. However, retail bosses have warned consumers and firms face a challenging few months ahead with a perfect storm of rising costs. Shoppers were less eager to buy non-food items in stores over the three months to January, compared to [...]
Take off: Tui revenue jumps 400 per cent as travel restrictions ease February 8, 2022 In a sign the travel industry is making a post-pandemic comeback Tui revenues have climbed by 406 per cent in the first quarter of 2022.
M&S remains UK’s fastest growing supermarket catching up with Big Four grocers February 8, 2022 Marks & Spencer has maintained its position as UK’s fastest growing food retailer, market researcher NielsenIQ said today, indicating its turnaround plan is gaining momentum. It said M&S’s sales rose 12.3 per cent in the 12 weeks to January 29 year-on-year, giving it a market share of 3.6 per cent, up 0.4 percentage points on [...]