As supermarkets rake in profits, Goldilocks would go hungry on the cost of oats April 18, 2023 The price of food is one of the main factors driving double-digit inflation. It keeps on going up, that's why industry leaders must finally step up to protect supermarkets' customers, writes Sue Davies
Major Ethereum upgrade goes live, and Twitter starts letting users trade stocks with eToro partnership April 17, 2023 Data from CryptoCompare shows that Bitcoin's price moved significantly at the start of last week, from around $28,000 to a $31,000 high.
FTSE finance chiefs ditch UK recession bets as confidence rebounds sharply April 17, 2023 Money managers at Britain’s biggest companies have signalled a sharp increase in confidence in the UK economy, a closely watched survey out today shows, in a further sign the country is on course to dodge a recession. Chief financial officers of top UK corporates notched a net positive 25 per cent confidence rating in Deloitte’s [...]
THG: Beleaguered firm gets buyout proposal from Apollo as share price jumps 38 per cent April 17, 2023 THG’s shares surged by more than a third after the online retail platform said on Monday that it has received a preliminary buyout proposal from private equity firm Apollo Global Management APO.N, without disclosing terms of the proposal. Apollo must announce a firm intention to make an offer by May 15 or walk away, THG said in a statement. [...]
Ashmore: AUM flatline as asset manager takes hit from ‘stresses in banking system’ April 17, 2023 Ashmore has said the assets under management were broadly stable in the most recent quarter despite high interest rates and ongoing market turbulence. The London-listed asset manager reported a total increase of funds under management of just one per cent for the quarter ending on March 31 on Monday, to a total of £46.4bn ($57.7bn.) [...]
Quiz takes a dressing down as fashion retailer sounds warning over cost of living April 17, 2023 High street retailer Quiz blamed high inflation and a knock in consumer confidence for a dip in like-for-like revenues during the first two months of the year. The clothing brand sounded a note of optimism, stating its trading remained consistent with that of pre-pandemic levels. The London-listed retailer’s group revenue rose 17 per cent to [...]
Feeding off scrap: Steel industry must go green if it wants taxpayer support April 17, 2023 The steel sector must embrace scrap supplies if it wants to present a viable green future and win over taxpayer support for more funding.
Bank of England won’t cut interest rates until Christmas but UK to avoid recession April 17, 2023 The Bank of England is poised to cut interest rates at Christmas, lured into the decision by inflation falling rapidly over the course of this year, new forecasts that also say the UK will dodge a recession out today claim. Governor Andrew Bailey and his team of economists are tipped to launch the first rate [...]
Our measure of productivity should be how much energy it takes to create new growth April 17, 2023 If the UK and Europe want to compete with Joe Biden's massive package of incentives for green energy, we need drastically change how we talk about productivity, writes Martin Rossen
Britain still at risk of ‘mild recession’ despite better than feared start to year, Lloyds Bank chief predicts April 16, 2023 Britain could still suffer “a mild recession” despite the economy performing much better than experts warned at the turn of the year, the head of Lloyds Bank, the country’s largest mortgage lender, has said. Charlie Nunn, chief executive of Lloyds Bank, told The Sunday Times that there is a “more positive outlook” about the UK [...]