Hellofresh: Cuts to UK workforce significantly slashes loss September 13, 2024 The last time the UK arm of Hellofresh made a pre-tax profit was the £8m it reported in 2020. Since then it has lost almost £50m.
ECB cuts interest rates again as inflation continues to ease September 12, 2024 Despite the cut, interest rates remain in restrictive territory in the eurozone, meaning monetary policy is still bearing down on inflation and slowing growth.
City minister: New capital rules will give banks certainty and stability September 12, 2024 As City Minister, I know that our financial services will underwrite the growth our country needs in the decade to come. The facts speak for themselves. More than £20bn worth of equity capital has been raised in London alone this year, which is over three times what has been raised in the next three European [...]
Property market turns positive for first time in two years September 12, 2024 House prices significantly outperformed analyst expectations after the Bank of England cut its base interest rate, data from a closely watched survey from the Royal Institute of Chartered Surveyors (RICS) showed. The survey found that the UK house price balance, which measures the difference between the percentage of survey respondents reporting rising house prices and [...]
FTSE 100 boosted by US inflation print and watering down of banking rules September 12, 2024 London markets received a boost on Thursday morning following a strong performance from US stocks and the Bank of England watering down proposals for new bank capital rules.
Bank of England makes ‘substantial amendments’ to proposed banking overhaul September 12, 2024 "The bottom line is that we have made substantial amendments to our proposals in response to consultation feedback and evidence," Phil Evans, director of prudential policy, said in a speech published on Thursday.
Mark Kleinman: Summit’s up with flagship Labour conference September 12, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column.
London leading the way as housing market ‘normalises’, Winkworth says September 11, 2024 Pretax profit climbed 26 per cent to £1.0m from just over £810,000 last year.
Bordeaux month: Here are the best clarets to celebrate September 10, 2024 September has been named Bordeaux month – it seems every grape has its own international wine day so why not dedicate an entire month to one of the most renowned and beloved wine regions in the world. Here’s what you need to know when selecting a bottle of Bordeaux red. Firstly, French wine is often [...]
Value of mortgages in arrears hits highest level since 2014 – Bank of England September 10, 2024 Mortgage holders are continuing to feel the pain from the Bank of England’s efforts to combat inflation, according to new figures. Data released by the Bank showed that the value of outstanding mortgages in arrears hit £21.9bn in the second quarter of this year, the highest figure since 2014. This was a 32 per cent [...]