Timothy Taylor’s: ‘Challenged British economy’ puts dent in brewer’s profit June 13, 2024 Brewery Timothy Taylor said its profit is "significantly down" despite its sales increasing as the business battles with "soaring utility costs" and rising wages.
Worst election jargon of the week: Triple lock June 13, 2024 To mark election season, City A.M.'s jargon resistance fighters are taking on the realm of politics. This week: the triple lock.
Drayton Manor: Wet British summer sees profit dip ahead of iconic ride’s replacement June 13, 2024 Theme park Drayton Manor has suffered a drop in profit following a year plagued by high costs, soggy weather and dwindling visitor numbers - but there's hope a new-look roller coaster could change its fortunes.
Virgin Money warns of margin and cost pressures as Nationwide merger looms June 13, 2024 Virgin Money has posted a rise in profit but warned of margin pressure and limited cost savings, as it gears up for a mega-merger with Nationwide.
Ed Warner: Are Manchester City on course to follow the Harlem Globetrotters? June 13, 2024 Our sport business columnist tackles Man City's challenge to the Premier League.
FTSE 100 today: London markets set to open lower amid reduced US Fed rate cut bets June 13, 2024 Asian markets mirrored Wall Street gains, Broadcom surged on a raised revenue forecast. Eyes on US producer prices and Treasury auctions.
Fed holds interest rates for seventh consecutive meeting after ‘modest’ progress on inflation June 12, 2024 At the turn of the year investors thought the cutting cycle would be well underway but now traders do not expect a cut until September.
Apple overtakes Microsoft as world’s most valuable company June 12, 2024 Apple shares rose nearly five per cent to a new record high of $218.02 per share on Wednesday, making it more valuable than Microsoft.
Goodyear Tyres: Dunlop manufacturer’s sales hit £3bn following brands revamp June 12, 2024 The UK arm of tyre giants Goodyear and Dunlop has seen its sales soar to almost £3bn following its ongoing efforts to raise the profile of its retail brands.
US inflation comes in below expectations as prices remain flat in May June 12, 2024 The figures come ahead of the US Federal Reserve's latest interest rate decision, due this evening.