Homebase could be on the market again after £1 sale February 27, 2024 Homebase could reportedly be put up for sale again after it was sold for £1 to Hilco Capital back in 2018. A number of parties have reportedly held talks with the restructuring giant about snapping up the garden chain including The Range and B&M Bargains. It was reported by The Times that there was speculation [...]
Audit fees for London-listed firms skyrocketed by 75 per cent since 2017 February 26, 2024 Over the last five years there has been a significant increase in the fees paid by London-listed companies to auditing firms, due to the increase in both financial reporting requirements and auditing standards. According to a report by the Quoted Companies Alliance, its sample of 220 listed companies across the main market, AIM and Aquis, [...]
UK consumer confidence falls in February as technical recession is a bummer for Brits February 23, 2024 UK consumer confidence fell two points in February as reports of a technical recession dampened hopes.
Lloyds, HSBC, Barclays and Natwest post record £44bn profits from global interest rate hikes February 22, 2024 The UK's biggest banks notched their highest combined annual profits ever last year as interest rate hikes around the world gave lenders gaping margins.
Major GB snowsport sponsor calls on London to back British athletes February 20, 2024 One of British snowsports’ biggest sponsors has called on the City of London, the capital and other big businesses to back the country’s athletes and help to build on their underdog success in winter sports. With winter sports in the UK granted a fraction of the funding that their summer counterparts receive, athletes such as [...]
Deloitte set to shrink UK deals unit after profitability review February 18, 2024 Consultancy firm Deloitte is set to downsize its UK deals unit following a profitability review.
Bank of England still on course for May interest rate cut despite strong pay growth February 13, 2024 In the final quarter of last year, regular pay dropped to 6.2 per cent from 6.7 per cent, above the Bank of England's forecast of six per cent. Not a big overshoot, but an overshoot nonetheless.
Big banks set for bumper annual profits as interest rates peak February 12, 2024 Britain's biggest banks are set to report strong annual profits over the next two weeks despite mounting margin pressure from a likely peak in interest rates.
Retail: Insolvencies expected to ‘uptick’ as market consolidates amid Superdry and Ted Baker trouble February 12, 2024 Less than two months into 2024 and six UK retailers have already gone bust, with a further two warning they may fall into trouble, as experts warn the market will “continue to see an uptick in insolvencies”. According to figures from Centre of Retail Research, over 400 job roles have been impacted by retailers shutting [...]
Bank urged to ‘release brake pedal’ as starting salary inflation drops to 34-month low February 8, 2024 Starting salary inflation slipped to its slowest rate since March 2021 and was comfortably below the series average