Fleet Street store fronts down over a fifth post-pandemic October 15, 2023 Some 22 per cent of the shops on Fleet Street are now vacant, with the sector blaming sticky transport links and a slow return to office life for the drab state of the infamous London area.
Facebook UK secured £1bn revenue boost last year October 15, 2023 Facebook, a subsidiary of social media giant Meta, received a £1 billion leap in revenues last year
US banks Wells Fargo, Citi and JP Morgan continue to benefit from higher interest rates October 13, 2023 In results covering the three months to September, Wells Fargo, Citi and JP Morgan reported that net interest income - the difference between what banks pay out and earn on interest payments - climbed ever higher.
BlackRock posts surprise rise in profit despite slowing inflows October 13, 2023 BlackRock handily beat third-quarter profit estimates on Friday but posted a sharp drop in net inflows, sending shares of the world's largest asset manager down one per cent in premarket trade.
Bitcoin’s slide halted as crypto markets settle October 13, 2023 Bitcoin remains virtually unmoved overnight and into this morning, trading for $26,760 - a notch below key support levels above $27k.
Insolvencies will keep rising for ‘foreseeable future’ under burden of Bank’s high interest rates October 13, 2023 Insolvencies climbed 17 per cent on last year in September as companies struggled under the burden of the Bank of England's interest rate hikes.
National Express owner Mobico has hit the brakes – so what’s going on with its share price? October 12, 2023 Mobico shares have spiralled near 30 per cent today as analysts question its push into international markets.
Recruiters’ results reflect fears for jobs market October 12, 2023 Uncertainty about the economy continues to rock the jobs market as three FTSE 250-listed recruiters reported reduced fees and earnings this week. Hays gave an update today on its first quarter that ended on 30 September, showing a decline in net fees of 11 per cent in the UK, against a 7 per cent fall [...]
FTSE 100 close: London’s blue-chip index closes higher after UK returns to growth while Mobico plunges October 12, 2023 London rose as The Restaurant Group's share soared and Mobico's plunged, while investors reacted to latest GDP statistics.
Recession, rates and growth: Three things today’s GDP figures tell us about the health of the UK economy October 12, 2023 Although the UK economy returned to growth in August, a recession may still be on the cards.