Pieminister serves up just £1,000 profit after absorbing costs to keep menu prices down February 6, 2024 Pieminister made a pre-tax profit of just £1,000 during its latest financial year after absorbing rising costs in a bid to keep menu prices down as much as possible.
Hopes of lower interest rates fuels optimism in the construction sector February 6, 2024 The sector has been hit hard by rising interest rates, which have sent a chill through the housing market and depressed new construction projects.
February rail strikes: Here’s everything you need to know February 6, 2024 Brits are facing yet another week of disruption next week as train drivers from the Aslef union walk-out in an ongoing feud over pay and working conditions.
Virgin Money warns of more job cuts to come after dropping 150 staff as it slashes costs February 6, 2024 Virgin Money warned of further cost-cutting and layoffs to come today after slashing its headcount in the first quarter of the year.
Bank of England: Rate cuts when not if but Brits must wait for their ‘reward’ February 6, 2024 The Bank of England’s chief economist Huw Pill has said interest rate cuts are a matter of “when” rather than “if” policymakers want to “reward the economy” for progress on inflation.
Cazoo founder and state-backed investor drive £76m injection into AI fund February 6, 2024 The state-backed investor British Patient Capital and founder of troubled car firm Cazoo have backed a £76m injection into an London-based venture capital firm as it gears up for a spate of AI investment in the coming months.
Brits stayed at home to watch The Traitors during Dry January in blow for pubs February 6, 2024 Restaurants were hit harder with spending declining 11.6 per cent widening from 8.8 per cent on a month on month basis.
London named entrepreneurship capital with half of power list based in the big smoke February 6, 2024 London has been named home to over half of the UK’s newly-revealed leading young entrepreneurs to watch out for. Of the 188 young business founders making up entrepreneurial research platform Hurun UK’s Under30s and Under35s lists, 116 have their ventures based in the capital. Rupert Hoogewerf, Hurun Report chairman and chief researcher, said the research [...]
FTSE 100 today: London markets brace for caution as traders scale back rate cut bets February 6, 2024 Asian markets mimic Wall Street's dip, oil prices hold steady. UK retail sales slow in January, RBA maintains interest rate at 4.35%; focus shifts to UK Construction PMI.
Sterling slumps as hawkish Fed spooks investors February 5, 2024 Lower rate expectations tend to hit currencies as it suggests investors will receive a lower rate of return on their investments.