Wetherspoons boss Tim Martin fires fresh price rise warning following Budget November 6, 2024 The pub giant reported record sales in the most recent quarterm even as cost inflation and tax hikes continue to bite British boozers.
Marks and Spencer shares up on double-digit growth as turnaround pays off November 6, 2024 Marks and Spencer has reported another bumper set of results ahead of the golden quarter as its turnaround plan continues to pay off. The company’s share price rose by nearly five per cent in early trades and reached a level not seen since 2016. Profit before tax rose 17.2 per cent to £407.8m, up £348.1m [...]
Labour cheered 1p off a pint but the Budget leaves a vicious hangover November 6, 2024 As Rachel Reeves delivered her Budget one week ago, the loudest cheer on the government benches came when she declared that her policies will take 1p off the cost of a pint. Labour was so pleased with this bit of good news that the claim dominated their post-match social media output. This self-congratulatory victory lap [...]
Partner fees at regional law firms are catching up with City rivals November 5, 2024 The vast majority of law firms are expecting increased revenues, but City partners are seeing their fees slowly drop whereas regional law firms are catching-up
The five economic issues in the US election that could impact the UK November 5, 2024 With the US election only hours away, the UK will be watching and waiting to see if former president Donald Trump or Vice President Kamala Harris is able to take the win. But how could the winner of the US election actually affect the UK economy? 1. Tariffs and trade wars Former president Trump has [...]
Why the Budget complicates life for the Bank of England November 5, 2024 Just when it seemed that inflation was finally coming under control, the government has announced a big increase in public spending.
Asos: Loss widens but company optimistic on growth November 5, 2024 Asos has reported a steep drop in revenue but said its restructuring has created the foundations for a return to growth. The e-commerce giant reported an operating loss of £331.9m for the year to 1 September 2024, up £83.4m from a loss of £248.5m in 2023. Like for like, revenue fell by 16 per cent [...]
Driving Gen Z into the ground November 5, 2024 A shortage of driving tests and suggestions that young people should not be allowed to give their friends lifts are just the latest examples of the infantilisation of Gen Z, says Phoebe Arslanagić-Little In July 2024, there was not a single driving test to be had anywhere in London, at all. The best the DVSA [...]
City holds off on big bets ahead of knife-edge US election November 4, 2024 City of London traders are refraining from big bets on US government debt and the dollar as the US election enters its final days on a knife edge, analysts have told City AM. With the last election taking four days to call, and polls suggesting Donald Trump and Kamala Harris are neck and neck heading [...]
Reeves should be ‘thankful’ for avoiding Truss-style market crisis, analysts say November 4, 2024 Rachel Reeves should be “thankful” for avoiding the same fate as Liz Truss after the government's inaugural Budget triggered turmoil in the gilt market last week, analysts have said.