Interest rates should remain high for ‘some time to come’, OECD warns February 5, 2024 The OECD warned that labour costs remain too high to be compatible with inflation returning to target on a sustainable basis.
UK services activity rises at fastest pace in eight months February 5, 2024 The UK's services sector saw a "solid increase" in business activity last month, as well as an uptick in job creation, according to a closely watched survey.
Revolution Beauty: Former boss to pay £3m to draw line under finance scandal February 5, 2024 The founder and former chief of Revolution Beauty will have to pay close to £3m to the scandal stricken makeup brand to settle allegations he breached fiduciary duties to the company. Adam Minto, who stepped down as head of the brand two years ago, will have to hand over £2.9m, according to an update by [...]
UK companies facing second-highest level of financial ‘distress’ in Europe February 5, 2024 UK businesses are facing the second-highest level of “deepening” financial distress in Europe due to inflation and high interest rates.
Moving markets: Five things shaping the FTSE 100 today February 5, 2024 Asian markets dip while oil prices hold steady amid Gaza ceasefire talks. Attention is on the RBA policy decision, China inflation, PMIs, and U.S. CPI
Week ahead: BP’s strategy under new chief, UBS’ Credit Suisse integration update February 4, 2024 Markets are bracing for full-year results from BP and UBS this week, while several regions will release data on the performance of the services sector.
Ryanair, Easyjet, Wizz Air: Low cost giants to see another bumper summer February 4, 2024 Europe's low cost airlines are expecting another bumper summer for travel with consumers set to flock abroad despite a challenging macroeconomic backdrop.
Stop Red Sea attacks, foreign secretary tells Houthis after latest UK-US air strikes February 4, 2024 The Foreign Secretary has implored the Houthis to stop their “reckless” attacks on international shipping in the Red Sea following the latest UK-US air strikes.
Three-quarters of HR leaders say cost of living pressures impact staff performance February 3, 2024 Research has found that 74 per cent of HR leaders fear the cost of living crisis is affecting employee performance.
Barratt: FTSE 100 developer will bank on mortgage cuts for sales lift February 3, 2024 Barratt Developments will update investors on its half year trading performance this Wednesday, with hopes that cooling mortgage rates will boost its balance sheet.