BAE Systems: Analysts give thumbs up to £4bn-plus Ball acquisition August 17, 2023 BAE Systems, the British defence giant, is set to buy US spacecraft manufacturer Ball Corporation’s Aerospace arm in a $5.55bn (£4.36bn) mega-deal. Shares in BAE slid down over four per cent on Thursday morning after it announced plans to “strengthen” its position as a global provider of space systems and defence technologies with the multi-billion [...]
Rishi Sunak: Brits will never have it so good (next year) despite ‘real risk’ of recession August 17, 2023 Rishi Sunak has outlined his hopes to ensure Britons feel better off next year, amid warnings that the UK economy faces a “very real risk” of recession due to higher interest rates. The Prime Minister attempted to strike an optimistic tone when asked about efforts to tame inflation, as he said there is a need [...]
UK high streets risk becoming ‘wastelands’ with 15,000 shops to shutter by 2025 August 16, 2023 Up to 15,000 shops could disappear from the UK’s high streets by the end of 2025, a new report has warned, as more and more consumers choose to online over in-store shopping. Data from the Local Data Company showed that between 2018 and 2022, over 41,000 stores opened and 79,000 stores closed, resulting in 37,700 [...]
‘The last thing commuters need’: London business groups slam rail fare hike August 16, 2023 London business groups have slammed a significant government hike in rail ticket fares set to hit commuters next March. The Department for Transport (DfT) has committed to ensuring any fare increase falls below the nine per cent rise in the Retail Price Index (RPI) inflation measure, announced by the ONS on Wednesday morning. Regulated rail [...]
Bitcoin and Ethereum dip as altcoins slip into the red August 16, 2023 Bitcoin is sitting above $29.1k while Ethereum is trading around the $1.8k mark, both down by around 1% on the day.
US slowdown doesn’t hold back Balfour Beatty’s pre-tax profit jump August 16, 2023 Balfour Beatty hailed a nine per cent rise in revenues during its half year results, rising to £4.7bn up from £4.1bn when compared to last year, as the construction firm praised its “diverse portfolio” for the lift. The business which works on trackwork and power supply builds has been less impacted by a slow down [...]
Headline inflation slows again but Bank set for further rate rise August 16, 2023 Inflation has fallen to 6.8 per cent thanks to energy price falls, but core inflation remains sticky
The Notebook: Patrick Spencer on the global economy, Simpsons stereotypes and why not all businesspeople are evil August 16, 2023 Today, Patrick Spencer, former government advisor and director of the Jobs Foundation, takes the pen Economic news, jobs, jobs and more jobs. Waking up yesterday, the big news is from the US as former president Donald Trump was charged with intentionally interfering with the US election result in 2020. Grim news indeed but the more [...]
Wilko rumour mill: B&M shares up as takeover whispers gather volume August 15, 2023 Wilko has fallen into administration but rumours are flying that fellow discounters could be circling the stricken retailer
Donald Trump: All you need to know about the Georgia indictment August 15, 2023 Former US president Donald Trump has been indicted for the fourth time on charges relating to his attempts to overturn the result of the 2020 election in the state of Georgia. A grand jury in Fulton County, Georgia, returned an indictment late on Monday, charging Trump and 18 others, for violating election law and being [...]