Steady inflation should not set alarm bells ringing at the Bank of England — yet October 18, 2023 After the excitement of August's surprise drop in inflation, September's figures cannot help but feel a bit disappointing.
London house prices fell by 1.4 per cent in August October 18, 2023 House prices in the capital fell further in August, according to the government’s latest house price index, as higher interest rates continued to weigh on the market. Data released by the Office for National Statistics on Wednesday showed the region’s house prices fell by 1.4 per cent in August year-on-year. London’s average house prices remained [...]
FTSE 100 close: London markets dip sharply after inflation remains stagnant in September October 18, 2023 Markets were uneasy after new figures showed that inflation had not budged in September after August's surprise fall.
Marshalls expectations unchanged despite UK housing market slowdown October 18, 2023 Building products supplier Marshalls provided investors with a trading update today with a 3 per cent decline in revenue, sitting at £528m.
Barratt warns of ‘uncertain’ year ahead as number of house builds falls October 18, 2023 The London-listed firm said it only built 9,221 homes down from 13,000 compared to the same period last year.
Premier Inn owner Whitbread launches another £300m share buyback as revenues soar October 18, 2023 Premier Inn owner Whitbread has announced plans to complete a new £300m share buy back scheme as it budget hotel business continues to rack in heft profits. The no frills hotel chain just completed an identical buy back at the start of October, but said it is in strong shape to launch a second consecutive [...]
Inflation remains stuck at 6.7 per cent due to rising fuel prices as Bank of England’s battle continues October 18, 2023 The data will do little to reassure the Bank of England that its task to tackle inflation is over.
Water companies need vast sums to meet improvement plans, Moody’s warns October 18, 2023 Water companies across England and Wales will need to find hundreds of billions of pounds to meet their commitments, says Moody's.
Rate of pay rises expected to slow over coming year as inflation eases October 18, 2023 The rate of pay rises is expected to slow over the coming year as easing inflation means employees face less pressure to secure higher pay packages.
Without a recession, Bailey won’t wrest back control over inflation October 18, 2023 Andrew Bailey's hopes of bringing inflation back to the 2 per cent target will be wishful thinking without a recession, writes Paul Ormerod