Croda: FTSE chemicals giant’s share price drops after outlook slashed October 9, 2023 British speciality chemicals group Croda International cut its 2023 profit outlook on Monday, due to destocking and weak demand, particularly in its beauty care business in North America. The FTSE 100 company said it now expects 2023 group adjusted profit before tax of £300m to £320m pounds. It had forecast 370 million-400 million pounds previously. Following its profit outlook [...]
Oil prices surge after Hamas attack on Israel raises supply fears October 9, 2023 Oil prices have spiked amid growing political uncertainty in the Middle East, following Hamas' attack on Israel.
Last orders: London sees highest number of pub closures out of any English region October 9, 2023 London has seen the highest number of pub closures out of any region in England, with a total of 46 haunts shuttering in the first half of the year, a new study has shown. Across the whole of the UK some 383 pubs were also permanently closed within the same period, according to new figures [...]
What would a Labour government mean for financial services? October 9, 2023 Keir Starmer wants the City to help him deliver his vision for Britain and sees the financial sector as a key partner in the transition to net zero and delivering the much-desired growth, writes Alice Perry
US banks prep results as lenders adjust to higher-for-longer rates outlook October 8, 2023 Investors will be keeping a close eye on how US banks are adjusting to the new higher-for-longer interest rates outlook this week, as a host of major American lenders line up to deliver their latest financial results.
UK set for biggest tax rise in at least 50 years with £40bn raid October 7, 2023 The UK is on course to see its biggest tax rise in at least 50 years as a result of the freeze on personal thresholds and soaring inflation.
Aldi and Morrisons to create thousands of jobs in run-up to Christmas October 6, 2023 Two supermarket giants Aldi and Morrisons have announced plans to recruit thousands of workers ahead of the busy festive season. Aldi is creating 3,000 permanent and temporary jobs, while Morrisons is looking for 3,500 extra staff to work in its stores, food manufacturing sites and logistics operations as both firms deal with expected increased demand [...]
US jobs growth surged in September as Fed now likely to raise interest rates again October 6, 2023 US job growth surged in September, suggesting that the labor market remains strong enough for the Federal Reserve to raise interest rates this year.
De La Rue: British banknote maker lifts profit expectations as currency demand recovers October 6, 2023 British banknote maker De La Rue has bumped up its profit expectations for the first half of the year after it reported seeing signs of recovery in its currency business. The Basingstoke-based firm said it now expects adjusted operating profit to be “marginally ahead of previous guidance” given in June. Shares in the company, which [...]
Tim Martin: JD Wetherspoon boss in tirade against Covid lockdowns as pub chain swings to profit October 6, 2023 The boss of Wetherspoons has launched a tirade against the UK's Covid-era lockdown policies.