After four holds in a row, when will the Bank of England cut interest rates? February 1, 2024 Policymakers did not answer this question directly, but they did give some guidance as to the factors at play.
Little progress as start-ups meet City minister over new investing rule changes February 1, 2024 Start-up groups met the City minister this week in a bid to soften the controversial new investing rule changes, and hold chancellor Jeremy Hunt’s “feet to the fire”. They issued an update after a meeting with the City minister Bim Afolami yesterday failed to see a successful resolution to the issue. The meeting took place [...]
Bank of England warns inflation to touch two per cent in spring – but will pick up again February 1, 2024 Inflation is expected to pick back up to around 2.7 per cent by the end of this year, remaining above target until the end of 2026.
Cazoo: The full story of how online car retailer went from $8bn valuation to staring into the abyss February 1, 2024 The online car retailer, Cazoo, just three years old at that point in August 2021, was now worth $8bn, having decided to snub London and float across the pond.
Ferrari: Record year sees supercar maker race past one billion euro milestone February 1, 2024 Net profits at Ferrari exceeded €1bn (£853.7m) for the first time in its history, its chief executive has announced.
Bank of England leaves interest rates on hold with Bailey hailing ‘good news’ on inflation February 1, 2024 The Bank of England has kept interest rates on hold for the fourth meeting in a row while policymakers pushed back against expectations of imminent rate cuts. The decision means the Bank Rate remains at a post-financial crisis high of 5.25 per cent, a level reached last August. Six members of the nine-strong Monetary Policy [...]
European inflation edges down to 2.8 per cent as ECB rate cut speculation mounts February 1, 2024 Euro area inflation fell to 2.8 per cent in January, down from 2.9 per cent in December, as markets speculate when the European Central Bank will begin to cut interest rates The data came after a sharp uptick for the continent in December, when inflation rose from 2.4 per cent from November to 2.9 per [...]
Insolvencies rise helps Leonard Curtis back into the black February 1, 2024 The rise in company insolvencies across the UK helped Leonard Curtis back into the black during its latest financial year, new documents have revealed.
Hugh Osmond-backed Various Eateries plots Noci expansion as it absorbs inflation price hikes February 1, 2024 The firm said it would open 10 more of its Italian inspired Noci restaurants and three more Coppa Club sites.
Revealed: Sadiq Khan’s bumper New Year’s Eve firework budget hit £4m February 1, 2024 It said the authority "does not hold the final costs for the 2023 event - these are still being reconciled" and it was also unable to say what the most expensive individual firework was during the display.