Revenue and sales down at SIG ahead of annual meeting May 2, 2024 Construction supplier SIG has pointed to "challenging market conditions" as being the reason behind a further fall in sales and revenue in the year to April 30.
UK set to face ‘sluggish’ growth in the face of sticky inflation and Bank of England interest rate hikes May 2, 2024 "This forecast is not particularly surprising given our priority for the last year has been to tackle inflation with higher interest rates," Chancellor Jeremy Hunt said.
Scotland set for weaker growth despite avoiding recession – but there is room for optimism May 2, 2024 Scotland's economy is set for weaker growth despite avoiding entering a technical recession, according to KPMG.
FTSE 100 today: London shares poised to rise after US Fed maintains status quo; eyes on Apple and StanChart earnings May 2, 2024 Asian markets opened cautiously on Thursday after the US Federal Reserve signalled a delay in interest rate cuts, dragging Wall Street lower. Oil prices surged in anticipation of US reserve replenishment, and the yen strengthened amid intervention speculation. Qualcomm's stock surged on strong earnings. Focus now turns to earnings reports from Apple and StanChart.
Fed leaves interest rates on hold again as worries about inflation resurface May 1, 2024 The widely anticipated decision means the federal funds rate remains at a 23-year high, standing in a range of 5.25 to 5.50 per cent.
Charles Tyrwhitt’s sales success sees The White Company owner pass £500m May 1, 2024 The group behind The White Company has seen its turnover surge past £500m thanks to the success of menswear brand Charles Tyrwhitt, it has been revealed.
London leads as number of new UK tech companies hits five year high May 1, 2024 The number of UK tech businesses formally registered as limited companies surged by 11 per cent to reach a five-year peak in the first quarter.
UK manufacturing slips back into contraction amid Red Sea disruption fears May 1, 2024 The survey confirms that the manufacturing sector slipped back into contraction after March's slight uptick. Prior to March manufacturing had been in contraction since July 2022.
HSS Hire ‘mindful’ of macroeconomic uncertainty despite dividend hike May 1, 2024 HSS Hire has hiked its dividend but said it remains "mindful" of macroeconomic uncertainty after profits almost halved.
UK house prices drop due to ‘affordability pressures’ and soaring mortgage costs May 1, 2024 Nationwide's latest House Price Index showed that while the cost of property fell month-on-month, the annual rate of change slowed too.