Adzuna: Average salary hit £40,000 in December January 27, 2025 According to job search site Adzuna, the average annual advertised salary passed £40,000 for the first time in December.
Diageo has no plans to sell Guinness and stake in Moët Hennessy January 26, 2025 Diageo has said it has no plans to sell its outperforming Guinness brand and stake in Moët Hennessy, despite widespread reports earlier this week. In a statement to markets, the drinks company confirmed on Sunday “we have no intention to sell either.” Diageo shares soared to the top of the FTSE 100 on Friday after [...]
UK economy: Stagflation concerns persist after worrying week January 24, 2025 Data out this week suggested that concerns about stagflation have not yet fallen off the agenda.
Diageo shares surge amid Guinness sale rumour January 24, 2025 Diageo’s shares spiked to the top of the FTSE 100 today amid a rumour the company is looking to spin off or sell its most famous brand, Guinness, for up to £8bn. The transaction was first reported in a piece by Bloomberg, which said Diageo may be looking to review its portfolio to kickstart growth. [...]
Google cracks down on fake reviews with new CMA agreement January 24, 2025 Google has agreed to take stronger actions against fake reviews in the UK, committing to improve fraudulent activity detection and sanction those involved in manipulating ratings. This comes after an investigation by the Competition and Markets Authority (CMA) raised concerns that Google wasn’t doing enough to tackle the issue. CMA’s chief executive Sarah Cardell said: [...]
Firms slash jobs and hike prices as Reeves’ Budget fallout continues January 24, 2025 UK businesses hiked prices and cut staff in January, a new survey shows, as firms continued to struggle in the wake of October’s Budget. The latest ‘flash’ purchasing managers’ index (PMI), which reflects business activity in the private sector, showed employment levels decreasing for the fourth month in a row. “Many firms suggested that the [...]
Severn Trent hikes dividend despite balance sheet concerns January 24, 2025 Severn Trent, one of the UK’s biggest water companies, has announced plans to hike its full-year dividend despite coming under fire for allegedly inflating its balance sheet using an accounting trick. The utility was accused by BBC Panorama last month of claiming a £1.68bn investment in its accounts which in reality had no value to [...]
If the Chancellor wants growth she must restore business confidence January 24, 2025 Confidence is fundamental to how businesses choose to invest and grow and at the moment it’s poor. If the Chancellor wants to turn this around she must listen to the City, says Sir Michael Snyder With the UK economy in the spotlight amid rising bond yields, high national debt, concerns over inflation and rising taxes, [...]
Trump tells businesses to make products in the US or pay the price January 23, 2025 Donald Trump has told businesses they should make their products in the US, or face paying tariffs, while speaking at Davos. President Trump addressed the World Economic Forum at the Swiss ski resort this afternoon, and used his speech to emphasise his message to business. It comes after he threatened to double tax rates for [...]
Bank of England policymaker: ‘Dragons of market discipline are alive and well’ January 23, 2025 "There have been spikes in yields in a number of individual countries in recent years, including the UK, that indicate the dragons of market discipline are alive and well," she said.