The FTSE 100 has done us all dirty… again July 11, 2023 The FTSE 100 has done us all dirty yet – again. Over and over it marches us up a hill only to send us back down again. Former Bank of England governor Mark Carney is often referred to as the “unreliable boyfriend” of monetary policy making for his comments signalling he and the MPC would [...]
Unite votes not to break historic link with Labour July 10, 2023 Unite has voted to maintain its historic links with Labour – as its chief warned party leader Sir Keir Starmer to listen to the union’s demands amid a rift between the two organisations.Unite votes not to break historic link with Labour General secretary Sharon Graham told a debate at Unite’s rules conference in Brighton on Monday it is not the time for [...]
M&S looks to revamp Ocado Retail after chair warns there is ‘work to do’ July 10, 2023 M&S is looking to revamp its joint venture with Ocado as the high street stalwart grows frustrated with the firm’s poor performance, bringing the brands falling profits back to the forefront of investors’ minds. M&S chairman, Archie Norman, told investors at the firm’s AGM last week that there was “work to do” regarding the performance [...]
Labour mortgage summit amid brewing repayments crisis July 9, 2023 Labour are set to hold crunch talks with mortgage brokers this week amid a brewing repayments crisis. Shadow chancellor Rachel Reeves has pledged homeownership will be the core of her ‘securenomics’ philosophy as she claimed Labour is now the party of house buyers. Reeves and shadow levelling up secretary Lisa Nandy will attend the summit [...]
Jaguar Land Rover reports sales boost as chip shortage eases July 7, 2023 Jaguar Land Rover reported a big sales increases for the first quarter on Friday, with wholesale volumes up 30 per cent compared with the same period a year ago as the global chip shortage and supply constraints “continue to improve.” The luxury car marque said it also expects free cash flow – what a business [...]
Retailers struggle to rack in sales in June as shoppers continue to scale back July 7, 2023 Retailers continued to show signs of struggling in June, new figures show, as sales growth remained well below inflation due to customers scaling back their shopping habits due to the cost of living crisis. Total like-for-like sales in June grew 1.9 per cent from last year’s base of 8.4 per cent, according to figures from [...]
Sky-high bills are not inevitable and our energy bosses shouldn’t buy into this myth July 7, 2023 Chris O'Shea, the boss of Centrica, is wrong to accept energy prices of over £2,000.
Legal talent war rages on as Baker McKenzie ups newly-qualified salaries to £118k July 6, 2023 Global law firm Baker McKenzie will increase the salary it gives to newly-qualified (NQ) London solicitors to a cool £118,000. The Chicago-based firm said effective as of 1 July, newly-minted lawyers will get a bump up from £110,000 a year. Last July, Baker McKenzie upped pay for NQs by £5,000. While many industries have been [...]
We are not rip-off retailers, says Sainsbury’s July 6, 2023 Bosses at Sainsbury’s have said they are “not rip-off retailer” or “profiteers” as they defended the profit made by the retailer amid scrutiny related to food inflation over the past year. The company also defended increased pay packages for its senior executives at its annual general meeting in London, despite the continued cost-of-living crisis. It [...]
Online watchdog urges government to protect youngsters in crypto regulation plans July 5, 2023 A digital watchdog is urging regulators to ensure children and young people aren’t left vulnerable to crypto scams and investment risks.