Retail sales plunge in ‘dull and wet’ April in fresh sign of fading optimism May 24, 2024 According to the Office for National Statistics (ONS), retail sales fell 2.3 per cent in April, a much worse fall than predicted by economists.
British ISA plans thrown into doubt by Sunak’s election call May 24, 2024 A number of the government’s flagship City reform efforts including the roll-out of the British ISA and so-called Pisces private market have been thrown into doubt by Rishi Sunak’s gamble to hold an early election in July.
FTSE 100 today: Footsie to open lower amid political uncertainty and wavering rate cut bets May 24, 2024 Asian stocks fall on speculation of delayed Fed rate cuts; US approves Ethereum ETFs; eyes on UK retail sales, US consumer confidence.
Cazoo: Was online car retailer always doomed to fail? May 23, 2024 Could the downfall of Cazoo from being valued at more than £5bn to its collapse into administration have been avoided or was it always doomed to fail?
Taking the biscuit: Oreo maker Mondelez fined £287m by EU for cross-border trade curbs May 23, 2024 Oreo maker Mondelez has been fined £287m (337.5m euros) by EU antitrust regulators for impeding cross-border trade of chocolate, biscuits and coffee products between EU countries.
Bicester Village: Shoppers eyeing bargains on luxury help sales and profits surge May 23, 2024 Shoppers seeking a bargain on luxury helped the company behind Bicester Village, which was founded by the family that owns the Empire State Building in New York, increase its sales and profits last year, according to newly-filed accounts.
London’s West End gets welcome boost with return of foreign tourists May 23, 2024 An influx of foreign tourists over the past 12 months has delivered a boost for the West End's biggest landlord, Shaftesbury Capital, as it reveals its first financial results since its £3.5 bn takeover last year.
Hargreaves Lansdown shares surge after bid from private equity giants May 23, 2024 Hargreaves Lansdown has rejected a takeover bid by a consortium of private equity investors including CVC and Abu Dhabi's sovereign wealth fund, the company confirmed today.
FTSE 100 today: London markets set to open lower as rate cut bets ease May 23, 2024 Asian markets mixed post-US stock dip, Nvidia up 6% post-bell on strong revenue. Focus on UK-US PMI data for economic cues.
Natwest share sale shelved as election brings government to a halt May 22, 2024 The much-talked-about Natwest share sale has been put on ice due to the election