Cost inflation and weak demand hurts Speedy Hire as construction sector struggles continue April 10, 2024 The group expects to announce its results for the financial year ended 31 March 2024 in mid-June.
Tesco’s profit surges as lower prices draw in consumers April 10, 2024 Britain’s biggest supermarket, Tesco, has traded in line with raised expectations, posting a total operating profit of £2.8bn for the full year. This morning, chief Ken Murphy thanked a slew of price cut schemes for the lift, which saw profit exceed the board’s expectations by £50m last year. Group sales were up 7.4 per cent [...]
Five graphs that explain the UK economy ahead of GDP, inflation and unemployment data April 10, 2024 The great challenge for the UK economy is to restore some degree of growth following a very sluggish 2023.
FTSE 100 today: London set to open red as investors dial back rate cut bets, US inflation in focus April 10, 2024 Asian markets stayed subdued, while oil prices remained steady and gold prices rose. Boeing faced whistleblower allegations, and the New Zealand central bank kept rates unchanged. All attention now turns to the imminent release of the US Consumer Price Index (CPI) and the Federal Reserve's meeting minutes.
Labour promise to replace business rates with property taxes April 9, 2024 Labour has promised to replace business rates with a system of “business property taxation” in a bid to level the playing field between high street businesses and online retailers.
Big US banks JPMorgan, Citi and Wells Fargo to benefit from slower Fed interest rate cuts April 9, 2024 JP Morgan, Citi and Wells Fargo will all update investors on their performance so far this year with attention likely to be firmly fixed on their guidance for the year.
CVC: Private equity firm and Six Nations backer to launch £13bn Amsterdam IPO April 9, 2024 Private equity firm CVC Capital Partners is rumoured to be listing on the Amsterdam Stock Exchange as soon as next week.
What is the Bank of England’s ‘once in a generation’ Bernanke review? April 9, 2024 The review, launched last summer, was led by Ben Bernanke, who chaired the Federal Reserve between 2006 and 2014.
Early Easter boosts retail as Brits splash out on food and homeware before summer April 9, 2024 Retail leaders also issued warnings about impending costs such as the rise in minimum wage and business rate hikes, urging the government and Labour to take more action ahead of the General Election.
The £950bn pension plan: Why the ‘triple lock’ is entirely unsustainable April 9, 2024 The current pension age is 66 but if you were born after 5 April 1960 it’s 67. This is set to rise to 68, but a decision on the exact timetable has been deferred until after the election