Bank of England more likely to back faster rate cuts after inflation surprise October 16, 2024 New figures showed that inflation came in below the two per cent target for the first time since April 2021.
Cotswold Outdoor has now lost over £100m since it last made a profit October 16, 2024 The company behind Cotswold Outdoor has now lost more than £100m since it last made a pre-tax profit almost ten years ago, it has been revealed. The Wiltshire-headquartered retailer, whose brands also include Runners Need as well as Snow and Rock, has reported a pre-tax loss of £7.3m for 2023, after also making a loss [...]
Inflation falls below two per cent for first time since April 2021 October 16, 2024 September's inflation figures come a day after official data showed a further easing in wage growth, which bolstered bets that the Bank would cut interest rates in November.
Standard Chartered wins Libor-linked court battle against investors October 15, 2024 British bank Standard Chartered has won its battle against its investors, meaning it can now impose "fundamentally different commercial bargains...from what had been agreed"
Centrica-backed Highview Power announces major investment into new power plants October 15, 2024 Highview Power, an energy provider backed by British Gas owner Centrica, has announced a major investment into new power plants to help the UK achieve its net zero goals by 2030. The announcement comes following the launch of the Department for Energy Security and Net Zero’s (DESNZ’s) new investment support scheme last week. Highview Power, [...]
Despite falling unemployment, a November rate cut looks almost certain October 15, 2024 The figures showed that regular pay growth was at its lowest level since June 2022 while pay growth including bonuses dropped to its lowest level since November 2020.
De La Rue: Banknote printer agrees to £300m breakup October 15, 2024 Bank of England banknote printer De La Rue has agreed to sell an arm of its business to an American firm for £300m. The London-listed company announced this morning that it had entered into a definitive agreement for the sale of the group’s authentication arm to Crane NXT, a New York-listed industrial technology company. When [...]
Bellway profit craters but shares jump on strong look-ahead October 15, 2024 Despite a significant drop in completions and profit, housebuilder Bellway has said it is well-positioned to deliver growth going forward and supports the Government’s plan to unlock housing construction. Shares surged by more than eight per cent in early trades. Bellway told markets this morning that profit fell by 44.6 per cent in the year [...]
Wage growth eases again in boost for rate cut hopes October 15, 2024 Strong wage growth has been a concern for policymakers at the Bank of England due to fears that it could keep cost pressures elevated, particularly in the labour-intensive services sector.
UK inflation expected to fall below two per cent target October 13, 2024 UK inflation is tipped to fall below the Bank of England's two per cent target for the first time in more than three years.