Fever-Tree: Boss blames ‘vagaries’ of British summer for lower profit expectations September 12, 2023 Fever Tree said it had been battered by Britain's unpredictable weather, as a wash out summer led it to cut annual profit expectations.
FTSE 100 close: London up as markets digest unemployment, wages and pensions data September 12, 2023 London's FTSE 100 started Tuesday morning up, as markets digest fresh figures on unemployment and wage growth, pensions and grocery inflation
Birmingham is a city on the cusp, but its economy is at a crossroads moment September 12, 2023 Birmingham has become a powerhouse, but the council has been too busy with internal squabbling to make sure all of its residents are part of the transformation, writes Adam Hawksbee
Hipgnosis may swerve buyout avoiding recent fate of LA-based rival RHM September 11, 2023 Shares in Hipgnosis Songs Fund rose as much as 16.5 per cent on Friday after it emerged rival music royalty firm Round Hill Music (RHM) had received a cash offer for a multimillion dollar buyout. But analysts say this does not necessarily mean the same fate awaits Hipgnosis. After US company RHM failed to reverse [...]
Bank of England’s Mann signals support for interest rate hike after warning on ‘inflation persistence’ September 11, 2023 Speaking at the Canadian Association for Business Economics, Mann said "the risk of tightening too little is more salient" than tightening too much.
RIP Wilko: How another high street chain went to the wall September 11, 2023 After more than 90 years on the high street, Wilko and all its 400 stores will vanish by early October. Its 12,500 staff were hoping that HMV owner Doug Putman would be able to close a rescue deal that would see several hundred stores saved. But the Canadian entrepreneur abandoned talks with the high street [...]
Vistry’s share price jumps 15 per cent as it sets out new affordable homes focus September 11, 2023 Shares in Vistry jumped 15 per cent this morning after the housebuilder said it will now solely focus on building affordable homes.
FTSE 100 close: London markets given a lift as hopes rise for Chinese recovery September 11, 2023 A return to inflation will be welcomed by policymakers in the Chinese communist party, who are attempting to reignite growth in China's stumbling economy.
A case for cutting business rates? Just look at our high streets September 11, 2023 The UK's declining high streets tell us all we need to know about the success of our punitive tax regime.
Labour market beginning to slow in boost for Bank of England September 11, 2023 The labour market is beginning to slow down as rising interest rates take their toll on hiring activity, new data out today shows.