Jet2 hikes dividend on record profit as holiday prices rise again November 21, 2024 Average package holiday prices grew six per cent to £904, with inflation leading to higher costs for consumers, Jet2 said.
Liontrust: Asset manager launches cost-saving spree as profit shrinks November 21, 2024 Liontrust’s profit continued to sink over the last six months, as the asset manager reported a 28 per cent drop in adjusted profit before tax. Despite a drop in adjusted profit before tax to £25.8m, the group pledged a share buyback programme of up to £5m over the next six months in its half-year results. [...]
Borrowing in October hits second-highest on record after inflation blow November 21, 2024 The government borrowed £1.6bn more in October than the previous year, making it the second-highest figure for the month in more than 30 years. The government’s borrowing – the difference between spending and income – hit £17.4bn in the last month, the Office for National Statistics said this morning. The body said the government’s current [...]
Ed Warner: Gold rush for athletes as sport venures into crazy territory November 21, 2024 Too much money chasing too few goods spells inflation. In the madcap pursuit of novel sporting ventures it is the athletes whose prices are swelling.
Hospitality firms are bracing for the return of inflation November 21, 2024 October’s inflation figure has worried hospitality firms. While it is not too far above target – 2.3 per cent versus the sweet spot of two per cent – and one month does not constitute a trend, it has exacerbated concerns companies already had about the future of their industry. There are two reasons hospitality is [...]
Mark Kleinman: Handbags (and more) at dawn for activist Ashley November 21, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles Mike Ashley’s newfound penchant for activist investing, Homebase’s turnaround and and Burberry’s flip-flopping Handbags (and more) at dawn for activist Ashley Paul Singer, Bill Ackman…and Mike Ashley? On the list [...]
Ford to cut hundreds of UK jobs in sweeping round of European layoffs November 20, 2024 The cuts will take place by the end of 2027 and make up around 14 per cent of the firm's workforce in Europe, which totals 28,000.
Inflation surprise scuppers hope of Christmas interest rate cut November 20, 2024 A bigger than expected rise in inflation last month has all but scuppered hopes of a cut to interest rates by the Bank of England in December. While economists had been expecting rising energy prices to push inflation beyond the Bank of England’s two per cent target last month, a sharper than expected lift in [...]
London rents rise again as Savills warns of double-digit UK increase November 20, 2024 Analysts have warned rents are being pushed to unsustainable levels amid another yearly jump and concerns there is no natural plateau in sight. The average UK private rent rose by 8.7 per cent in the year to October, up from 8.4 per cent in the year to September, according to the ONS. The increase was [...]
Lidl boss warns retailers are ‘reeling’ after Budget tax raid November 20, 2024 The boss of budget supermarket Lidl has warned retailers are “reeling” following Labour’s tax raid in the Autumn Budget. The German supermarket’s UK boss Ryan McDonnell said the discount brand was staring down the barrel of “tens of millions of pounds” in extra costs. This comes after the Chancellor unveiled a £25.7bn tax-raising package, with [...]