Thomson Reuters reports higher sales as it sells stakes in businesses May 2, 2023 Thomson Reuters reported higher revenue growth than expected today as the company sold off stakes in other businesses. The news and information conglomerate reported revenue growth of four per cent, jumping to $1.7bn (£1.4bn), beating analyst estimates, the firm said in a quarterly update. The company also earned $2.3bn (£1.8bn) from the sell-off of 24.5 [...]
Bitcoin slips below $28,000 as investors keep a wary eye on US inflation data May 2, 2023 Bitcoin is trading a shade under $28k this morning, down 2% from yesterday as it continues to slowly drift from the key level of $30k.
UK factories shed workers as higher costs and weaker spending pound finances May 2, 2023 British factories are shedding workers after being pounded by soaring costs and weaker spending from customers, according to a closely-watched survey. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) final purchasing managers’ index (PMI) for the UK manufacturing sector came in at 47.8 points last month, above an earlier reading of 46.6 [...]
House prices rise for the first time in seven months but analysts still expect a rough ride May 2, 2023 The housing market showed “tentative” signs of recovery in April as the price of homes rose 0.5 per cent during the month, however prices remain four per cent below their August 2022 peak. The Nationwide house price index showed that the annual rate of house price growth improved to -2.7 per cent from -3.1 per [...]
HSBC share price soars after profit surge and bumper buyback May 2, 2023 HSBC has announced its first quarterly dividend since the pandemic and a $2bn share buyback.
Take your seat for the Bank of England, Federal Reserve and central banks’ final act May 2, 2023 This is the final act in central banks’ aggressive interest rate hike cycle. Well, so say most analysts at the moment.
Women Want Equal Progression Opportunities At Work May 2, 2023 Does the company you work for promote women at the same rate it promotes male counterparts? If you’re nodding in agreement, you’re among the minority. That’s because women still only make up 30% of leadership roles in the UK. This is despite an active push by the government to highlight this issue via the FTSE [...]
HSBC latest bank to make hay from interest rate hikes, with profits up over £3bn May 2, 2023 HSBC’s pre-tax profits soared by more than four billion dollars (£3.2bn) in the first three months of 2023, according to a trading update from the banking group. Revenue soared by 64 per cent to $20.2bn (£16.2bn) compared to the same period 12 months ago, the company crediting the rise to higher net interest income due [...]
Recession knife-edge: Consumer spending on credit at £1.3bn as house prices continue to slide May 2, 2023 Britain’s better than expected economic performance since the turn of the year is poised to have lured consumers into splashing the cash on their credit cards, new numbers out this week are tipped to show. Families are tipped by markets to have borrowed £1.3bn in March, which would signal spending in the UK is holding [...]
Coffee beans and ready meals send food inflation soaring yet again – and peak is yet to come May 2, 2023 Food inflation reached new highs in April soaring 15.7 per cent, according to new data, with the cost of convenience food such as ready meals and coffee beans increasing due to supply chain woes. While shop price inflation fell slightly by one per cent in the month to 8.8 per cent, food prices remained at [...]