Strong US jobs report pushes March rate cut ‘off the table’ February 2, 2024 The US added 350,000 new jobs last month, almost double the expected 180,000, suggesting that the US economy was strong enough that a cut in interest rates in March from the Federal Reserve is now “off the table”. The economy added jobs to almost every sector in January, with professional and business services gaining a [...]
Property giant Bruntwood makes worst loss in its near 50-year history February 2, 2024 Property giant Bruntwood has slumped to its worst losses in its near 50-year history, it has been revealed.
Apple: China takes a bite out of numbers but tech giant beats consensus February 2, 2024 Apple missed sales estimates in China but held on to profits elsewhere, it told its investors on Wall Street last night
Cazoo: The full story of how online car retailer went from $8bn valuation to staring into the abyss February 1, 2024 The online car retailer, Cazoo, just three years old at that point in August 2021, was now worth $8bn, having decided to snub London and float across the pond.
Rachel Reeves: Labour will cap corporation tax at 25 per cent February 1, 2024 A Labour government would cap the headline rate of corporation tax at 25 per cent throughout the next Parliament, Rachel Reeves has told bosses.
Insolvencies rise helps Leonard Curtis back into the black February 1, 2024 The rise in company insolvencies across the UK helped Leonard Curtis back into the black during its latest financial year, new documents have revealed.
TSB Bank proposes £120m payout for owner as it sees record profits February 1, 2024 TSB Bank has recommended a £120m award to its Spanish parent company as it reported a jump in annual profits on the back of high interest rates, despite a rise in impairments amid “economic uncertainty”.
Mark Kleinman’s must-read column: It’s payback time in the debate over executive pay February 1, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking, He writes a weekly column for City A.M. Like death and taxes, rows over boardroom pay are among life’s perennial certainties. Could 2024 turn out to be a watershed year, though, in the debate over executive remuneration at the [...]
FTSE 100 close: Bluechip index closes lower as investors await Fed’s interest rate decision January 31, 2024 London’s FTSE 100 closed in the red as investors await the latest interest rate decision from the US Federal Reserve later today, while big tech results last night soured risk sentiment. The FTSE 100 ended 0.47 per cent lower at 7,630.57 while the midcap FTSE 250 index, which is more aligned with the health of [...]
Microsoft and Google: Results show a cautious market reaction to AI spending January 31, 2024 Microsoft and Google both reported strong quarterly earnings today but the tech giants failed to satisfy the market.