Bank of England will cut interest rates ‘much more quickly’ than Fed, think tank predicts October 5, 2023 Rising unemployment will force the Bank of England to cut interest rates "much more quickly" than the Federal Reserve, the Resolution Foundation predicted.
This™: Plant-based protein firm backs profitability despite fears UK’s appetite for vegan food is waning October 5, 2023 The boss of plant-based protein maker This™ has insisted the firm is on track for profitability, despite fears the appetite for vegan products is fading.
Thursday opens with green candles and a surge from Avalanche (AVAX) October 5, 2023 The entire crypto market cap is up by 0.5%, as Bitcoin continues to take a robust hold above $27k, trading for $27,670 this morning.
FTSE 100 close: London markets close higher after sliding for three days straight October 5, 2023 London’s FTSE 100 jumped into the green on Thursday, following three days where the capital’s blue-chip index slid. The FTSE 100 climbed 0.53 per cent to close at 7,451.54 while the FTSE 250 ended 0.61 per cent higher at 17,599.98 The FTSE’s gains came despite data showing a stronger than expected labour market in the [...]
John Lewis needs a retail chief to take charge and steer it back on track October 5, 2023 Sharon White's successor at John Lewis faces a difficult decision, writes George MacDonald, and must choose whether to follow her strategy or forge their own to bring the British retailer success again
Vertu Motors on hunt for more acquisitions after record revenues and bumper dividend October 4, 2023 Vertu Motors boss Robert Forrester has said the car dealership is pursuing more acquisitions after it reported record revenues and a bumper dividend in its interim results. Speaking to City A.M. following the announcement, Robert Forrester said the company had a “pipeline” of acquisitions and was working closely with manufacturers “wherever they want us to [...]
‘What Brexit was about’: How Tories in the conference hall saw Sunak’s speech October 4, 2023 Rishi Sunak was praised by Tory delegates for an “amazing” conference speech which saw him cancel the Manchester leg of HS2, scrap A-Levels and announce a long-term smoking ban. Attendees leaving the packed Manchester conference hall were effusive in their reactions to the Prime Minister – and vowed they were “confident” he could win the [...]
Long-term gilt yields hit highest level in decades as bond rout continues October 4, 2023 The global bond rout deepened on Wednesday, sending borrowing costs on some of the longest-dated UK government debt to their highest levels in decades.
Services sector dips under weight of high interest rates as staff layoffs hit fastest pace since early 2021 October 4, 2023 The UK's service sector remained stuck in contraction in September for the second consecutive month, according to a closely watched survey, with firms laying off staff at the fastest rate since early 2021.
FTSE 100 close: London markets dip again as ‘chill winds’ dent sentiment October 4, 2023 London markets opened lower again on Wednesday as the gloomy market sentiment of the last few days continued following stronger than expected US data.