Could the Bank of England push the UK into recession? January 23, 2025 As the Bank of England scrambles to unwind the disastrous effects of quantitative easing, the hidden costs of this policy are becoming clear, says Damian Pudner Quantitative easing (QE) has long been the Bank of England’s monetary policy nuclear option. Launched in 2009 to save a collapsing financial system, it was supercharged during the pandemic, [...]
Mark Kleinman: Kicking the Abbey habit may be harder than it looks for Botin January 23, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. This week, he looks at Santander shifts, a tale of two cities in banking and a canary in the Poundland coalmine Kicking the Abbey habit may be harder than it looks for Botin Is this the [...]
Real Madrid named richest football club after breaking €1bn revenue barrier January 23, 2025 Real Madrid have cemented their status as the richest club in world football after becoming the first to achieve more than €1bn of revenue in a single year, says Deloitte’s Football Money League. The European champions increased their income by 26 per cent to €1.046bn (£884m) for 2023-24 thanks to the full reopening of their [...]
Trainline shares fall as national ticketing service unveiled January 22, 2025 Trainline shares dipped this morning after ministers unveiled plans to introduce a national rail ticket website as part of wide-reaching reforms The stock fell more than five per cent in early trading as investors reacted to the news. Great British Railways (GBR), the arms-length body that will oversee the UK’s reformed railway system, will bring [...]
London commuter towns named ‘financial resilience capitals’ of the UK January 22, 2025 From pension plans to retirement savings, new data has revealed the 'financial resilience capitals' of the UK.
Waterstones: Return to the office helps profit almost quadruple January 21, 2025 The return of employees to offices in major UK city centres helped profit almost quadruple at Waterstones during its latest financial year. The bookseller cited the trend of the return to work as a key factor in its pre-tax profit surging from £11.2m to £42.9m in the 12 months to 27 April, 2024. In newly-filed [...]
Greggs share price falls after City broker says ‘sell’ January 21, 2025 Greggs’ share price has fallen nearly four per cent after a leading City broker downgraded its rating for the high street chain to ‘Sell’. Panmure Liberum analysts suggested that Greggs’ time of ‘supernormal’ growth – sales rose by nearly 20 per cent in 2023 – may be over. Analysts suggested that Greggs’ roll-out of evening [...]
Pub chain Marston’s toasts record festive sales boost January 21, 2025 Pub chain Marston’s has reported a “solid” festive quarter and record sales on Christmas day in another good sign for the hospitality sector. Total retail sales in the 16 weeks to January 18 were up three per cent, driven by growth in both food and drink sales, Marston’s said. Like-for-like sales during the same period [...]
‘Reason for cautious optimism’: UK consumer confidence rebound on cards January 20, 2025 Consumer confidence is set for a pick-up this year as the economy starts to improve and the UK adjusts to higher costs, according to a new survey. While the end of last year was gloomy for both businesses and consumers, analysts at Deloitte have said there is “reason for cautious optimism” going into the summer. [...]
UK economy: Only three sectors report growth as Reeves’ woes deepen January 20, 2025 The number of sectors seeing higher output in December was at its lowest level since September 2023.