Construction sector continues decline in December, but pace slows January 5, 2024 Construction companies reported a recent slump in housebuilding continued last month, but the firms started hiring a little more, hopeful that 2024 might bring better conditions.
European inflation up after months of decline casting doubt on ECB interest rate cuts January 5, 2024 Inflation plaguing Europe increased to 2.9 per cent in December, after seven straight monthly declines, figures show. The rise in price levels cast doubt on predictions for swift interest rate cuts from the European Central Bank (ECB). The figure released on Friday was up from the 2.4 per cent annual inflation recorded in November – [...]
Bargain hunt: How many firms were plucked from London’s markets last year? January 5, 2024 London lost a wave of firms from the public markets this year - and there could be more to come.
More misery for London retail as footfall flatlines January 5, 2024 London retailers took yet another battering over December as footfall fell -1.4 per cent on a year-to-year basis, according to new figures from the British Retail Consortium (BRC). Festive cheer did not appear to be enough to drag shoppers back to the capital’s high streets, with the figure widening from -0.4 per cent the [...]
UK’s new car market leaves pandemic in the past with 18 per cent growth in 2023 January 5, 2024 The number of new car registrations in the UK grew by nearly 18 per cent in 2023, as automakers emerged from Covid-era supply chain issues.
Apple faces second downgrade, shares hit eight-week low January 5, 2024 Apple is grappling with a challenging start to the new year as concerns about iPhone sales lead to a second downgrade within just one week. Piper Sandler’s recent rating downgrade caused a substantial drop in Apple’s shares, hitting an eight-week low on Thursday. Harsh Kumar from Piper Sandler & Co. has downgraded his rating on [...]
Could Flutter’s US expansion rock its premium London stock listing? January 4, 2024 Gaming giant Flutter is gearing up for a secondary listing on the New York Stock Exchange (NYSE) at the end of the month.
US labour market resilient as traders nervy on interest rate cut bets January 4, 2024 New applications for unemployment benefit fell to its lowest level since October last week, the US Department for Labor reported today.
Inflation easing – but wage growth still a threat, Bank of England panel warns January 4, 2024 The figures suggest that the surprisingly fast progress on bringing inflation down to the two per cent target still has further to run.
UK bid to dodge winter recession boosted as service sector recovery continues January 4, 2024 The latest reading was also a significant improvement on November's reading of 50.9. The 50 mark separates growth from contraction.