Analysis: Why record wage growth will give the Bank of England kittens – and see them raise rates again August 15, 2023 Wage growth outstripping inflation should be good news, but Bank of England wonks will fear a wage price spiral is in play
How bots came to rule the world, from Ticketmaster to global elections August 15, 2023 Bots are not only a problem on social media: they shape retailers like Ticketmaster and can influence politics, including global elections. Yet the danger they pose is underestimated, writes Elena Siniscalco
Unilever will look at Russia business with a ‘fresh pair of eyes’ after criticism August 14, 2023 The new chief of Unilever has vowed to look at the company’s decision to operate in Russia with a “fresh pair of eyes,” after it was criticised for continuing to operate in the country. Hein Schumacher, who took over as head of the Dove soap maker in July, made the claim in a letter to [...]
Oil price rally unlikely to hit $100 per barrel milestone this year, experts say August 14, 2023 Oil prices are unlikely to hit $100 per barrel this year despite a seven-week rebound and tightening supplies this year, experts predict.
Bitcoin volatility index drops to historic low as PayPal launches stablecoin while Revolut drops crypto in US August 14, 2023 Data from CryptoCompare shows that the price of the flagship cryptocurrency Bitcoin (BTC) moved essentially sideways throughout the week.
Oil records seven weeks of gains despite IEA and OPEC’s differing demand outlooks August 13, 2023 Oil begins trading on Monday after recording seven consecutive weekly gains amid growing expectations of tightening supplies.
Explainer: Are Russian hackers involved in the Electoral Commission attack? August 9, 2023 During this otherwise quiet August week, the big story is the hacking of the Electoral Commission, which some are starting to tentatively attribute to Russian hackers. Yesterday, the Commission admitted it was hacked in 2021, but that it only discovered the attack in October 2022. It decided not to say anything to focus on stopping [...]
Coca-Cola bottling firm raises outlook on revenue spike as Russia volumes tank August 9, 2023 Coca-Cola HBC AG, the bottling company of the soft drink giant, reported a 19.3 per cent rise in revenues in its half year results as the group raised its outlook for the year. Operating profit for the bottler rose 15.9 per cent to €170m (£146m) as the group said it benefited from price increases in [...]
TP Icap share price surges after announcing £30m share buyback August 9, 2023 FTSE 250 finance firm TP Icap’s share price surged after it announced a share buyback programme and upped its dividend. The interdealer broker announced a £30m share buyback programme and increased its dividend by seven per cent to 4.8p. The payouts came as pretax profit climbed to £91m from £72m last year thanks to a [...]
Fifth of UK importers altered supply chains due to global tensions, with China in focus August 8, 2023 More than a fifth of UK importers have been forced to alter supply chains as a result of geopolitical tensions, with China in sharp focus, a new survey has found. Some 20.5 per cent of companies, which are importers, have altered supply chains as a result of global tensions, according to a survey of more [...]