Naked Wines: Losses shrink but wine seller still has a way to go January 29, 2025 Naked Wines has begun to stem its losses after a tough few years for the wine merchant, although the firm’s sales continues to shrink. The company told the London Stock Exchange this morning that its revenue fell by 10.2 per cent year on year in the 13 weeks ended 30 December, or 8.9 per cent [...]
United Utilities and Pennon to hike dividends in line with inflation as customer bills rise January 29, 2025 United Utilities and Pennon Group plan to increase dividends as consumers grapple with significant bill increases over the next five years. The water firms on Wednesday both said dividends would rise in line with inflation each year until 2030, following Ofwat’s final determination in December. The regulator’s ruling, which sets customers’ bills for the next [...]
Grow, baby, grow… but will Labour’s growth agenda be enough? January 29, 2025 City AM’s politics reporter, Jessica Frank-Keyes, unpacks the week in Westminster. Today, she tackles Labour’s growing promises. Picture a graph with the x axis stretching from 1800 to the present day. The data is represented as a fairly flat line along the bottom, up to about 1960. Then it bumps around at about a quarter [...]
Morgan Stanley: Bank of England to cut interest rates five times in 2025 January 28, 2025 The US investment bank slashed its growth forecasts on Monday, citing both the lingering impact of the Bank's monetary tightening and the fallout from the Budget.
Brits warned to brace for higher alcohol prices from next week January 28, 2025 On February 1 new duty rates on wine and spirits will come into force, meaning a rise in price for most alcohol. Under a new sliding system of duties, wine with a higher abv (alcohol by volume) will see the biggest price increase, with the duty on a 14.5 per cent abv wine to rise [...]
Zuckerberg’s transition from geek to jock heralds the dawn of the alpha age January 28, 2025 Zuckerberg’s masculine makeover is emblematic of how Silicon Valley – previously the bastion of Californian idealism – has fully pivoted towards the Trump era, says Eliza Filby Back in early 2019, before the world had any inkling of what lay ahead, I attended a conference called: Disruption. It took place in a futuristic, windowless dome, [...]
Food prices set to rise ‘across the board’ as inflation fears build January 28, 2025 The BRC's shop price index showed that food prices rose 0.5 per cent month-on-month, up from 0.1 per cent in December
Five airport expansions at once? London’s economy is finally ready for takeoff January 28, 2025 London’s airports are an economic success story for the whole UK. Increasing capacity is a no-brainer, writes BusinessLDN chief John Dickie.
Mike Ashley calls on Reeves to hold HMRC ‘to account’ after court victory January 27, 2025 Mike Ashley has called on the Chancellor Rachel Reeves to hold HMRC “to account” after the Sports Direct tycoon won a victory over the taxman in a data protection court battle. In a ruling today, the High Court said HMRC had taken “too narrow an approach” when it refused to hand over personal information to [...]
Interest rate calls from ECB and Fed to highlight Atlantic growth divergence January 27, 2025 The decisions will highlight the differing economic outlooks on either side of the Atlantic.