Hargreaves Lansdown pledges to hike dividend after profit grew by 30 per cent despite market turbulence February 15, 2023 Investment platform Hargreaves Lansdown today pledged to hike its dividend after it successfully boosted its profits in the face of widespread market turbulence. The online trading platform, which is known for its index fund offerings, said it grew its revenues by a fifth (20 per cent) over the final six months of 2022 despite the [...]
Supermarket wars: Waitrose to invest £100m in own brand products as it squares up to discount rivals February 15, 2023 Waitrose is to invest £100m in cutting prices on hundreds of its own-brand products amid intense competition in the sector as consumers battle record inflation. The upmarket grocer is reducing the prices of almost a third of its lowest-priced Essential Waitrose range by an average 14%, while almost a quarter of the cuts, which come [...]
Rail and postal strikes ‘decimated’ festive trade with worst impact for a decade February 14, 2023 London’s festive economy was “decimated” by rail and postal strikes, as new figures revealed the disruption caused by walkouts was the worst month on record since 2011. Around 843,000 working days were lost to strike action in December – the highest for more than a decade – according to official figures from the Office for [...]
OPEC raises oil demand forecast as markets tighten and China reopens February 14, 2023 OPEC has hiked its forecast for global oil demand this year, its first upward revision for months, in its latest market report.
FTSE 100 close: London index nears 8,000 point mark for first time despite UK economy toying with recession February 14, 2023 London’s FTSE 100 nearly hit the 8,000 point mark for the first time ever yesterday despite the UK economy toying with a recession. The capital’s premier index climbed for most of the day, before running of steam during the afternoon trading session, dragged down by a hotter than expected US inflation report showing prices rose [...]
Thames Water risks £500m shortfall after April bill hike as vulnerable customers fall behind on payments February 14, 2023 Hundreds of thousands of Thames Water's customers risk falling behind on their bills when prices rise in April, according to Outra.
US inflation eases for seventh straight month but pace of decline loses momentum in headache for Fed February 14, 2023 US inflation eased for the seventh month in a row in January, but the pace of decline is beginning to level off, official figures out today reveal. The pace of price increases in the world’s largest economy on an annual basis fell to 6.4 per cent, down from 6.5 per cent, according to the US [...]
Institutions will continue to back blockchain February 14, 2023 The crypto world has been forcibly thrust into a renewed need for maturity, and institutions aren't phased by volatility, says Norman Wooding.
Inflation erodes UK real pay rapidly despite record wage increases as 137,000 Brits return to workforce February 14, 2023 UK take home pay is falling at one of the fastest paces since records began over two decades ago despite wage growth racing ahead at the quickest rate outside the pandemic, official figures out today reveal. Real pay fell 4.3 per cent over the three months to December last year when using the consumer price [...]
Bitcoin finds footing on unsteady ground February 14, 2023 Bitcoin was trading at $21,830 this morning, up by one per cent over 24 hours as Ethereum holds steady at $1,510.