Wage growth nudges higher — what does this mean for the Bank’s war on inflation? November 21, 2023 Pay awards have picked up again in the last three months thanks to higher pay packets from the public sector, complicating the path to potential interest rate cuts.
Reasons to be cheerful? Why the UK could dodge a recession November 21, 2023 After the most recent GDP figures for the third quarter, it is all but certain that the UK will avoid a contraction this year. So are there still reasons to be optimistic about the UK's performance over the coming months?
Asos: Short sellers ramp up bets against former retail favourite as profits dwindle November 21, 2023 Short sellers have been hiking their bets against Asos this month after the former e-commerce darling slashed its profit forecasts in September.
Scrap tourist tax before it’s too late, Fortnum & Mason boss warns November 20, 2023 The UK will lose retail sales to France if the government fails to scrap the tourist tax in the autumn statement, the boss of Fortnum & Mason has warned.
Walgreen to pay £1bn to offload Boots pension scheme November 19, 2023 Walgreens is believed to be offloading the scheme in order to restart a sales process for the health and beauty retailer.
London’s economy is a microcosm for our success but we’re ignoring ways to help it November 17, 2023 London’s West End is a microcosm of much of the wider economy: it has small independent businesses in sectors such as food, big high street chains in its bars and retail.
Marks and Spencer upgraded by Moody’s on ‘prospects for further growth’ November 17, 2023 Earlier in November, Marks announced hefty profits during the half year, as the firm’s reshaping programme continued to show signs of paying off.
Retail sales fall to lowest level in two years as inflation bites November 17, 2023 Retail sales volumes have fallen for the second month in a row — slumping to their lowest level since 2021— as consumers continued to feel the impact of inflation, Office for National Statistics (ONS) data showed. Sales volumes fell 0.3 per cent month-on-month in October and 2.7 per cent year-on-year. However, consumers are spending more. [...]
HMV: Date flagship Oxford Street store reopening confirmed after ‘dramatic turnaround’ November 16, 2023 HMV, the British music and video store that has gone kaput twice, will reopen doors to its flagship store on Oxford Street next week.
Liontrust swings to interim loss as outflows top £3bn November 16, 2023 Liontrust reported a pretax loss of £10.1m in the six months ended September 30. Assets under management dipped 12 per cent to £27.7bn.