Make no mistake, the Bank of England is driving us into a deeper recession December 15, 2023 The Bank of England's inflexible remit is pushing the UK economy into a growth trap from which it will struggle to escape
FTSE climbs despite Bank’s wobble on interest rate cuts December 14, 2023 The FTSE 100 has climbed to its highest level for almost two months, despite caution from the Bank of England over expectations that interest rates will be slashed next year.
London-based luxury retailer Farfetch in talks with Apollo: Reports December 14, 2023 Embattled luxury retailer Farfetch is reportedly in talks with private equity giants over a fundraising package. The London-headquartered firm is having a torrid time on New York’s public markets after announcing it wouldn’t publish third quarter results. Sky News’ Mark Kleinman reported that the firm is in talks with Apollo, amongst other players, as it [...]
Musicmagpie share price soars after strong results on Black Friday tech sales December 14, 2023 Musicmagpie shares soared as much as 24 per cent on Thursday after the second-hand smartphone seller said it saw a record Black Friday.
Currys UK earnings slump amid cost of living crisis December 14, 2023 Electronic goods retailer Currys has recorded a 40 per cent drop in earnings before interest and tax (EBIT) in its UK and Ireland arm.
Mark Kleinman: LSE chiefs must seize Shein opportunity December 14, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Supermarket sales slide before Christmas as Brits buy food and put off big ticket items December 12, 2023 Sales of general merchandise fell by seven per cent year-on-year in the four weeks to 2 December, as Brits put off spending before cashing in on sales promotions in the run up to Christmas. Total till sales growth at UK supermarkets slowed to six per cent in the last four weeks, according to the latest [...]
WH Smith boss’s pay jumps 78 per cent to £2.9m as after travel charges resurgence December 11, 2023 Around four-fifths of the larger pay deal was linked to performance-based bonuses after the company saw sales and profits jump.
Rail regulator warns online ticket sellers ‘drip pricing’ December 11, 2023 Online train ticket sellers have been accused of using so-called 'drip pricing' tactics to glean more money from consumers.
Investors hope for news to boost under-pressure Currys shares December 10, 2023 It has been a bad year to be a Currys investor and shareholders will be hoping for chief executive Alex Baldock to pull something out of the hat on Thursday that they can cheer for. The electronics retailer will update the markets on how it performed in the first half of a year where revenue is expected [...]