Carpetright: Retailers urged to make ‘bold decisions early’ to avoid same fate July 15, 2024 Businesses have been urged to make "bold decisions early and "avoid kicking problems down the road" in the wake of reports that Carpetright is on the brink of collapse.
Red Sea disruption hits sales at Poundland owner Pepco July 11, 2024 Delays in summer stock reaching stores due to Red Sea shipping disruption contributed to sales at Poundland owner Pepco slumping over its latest quarter.
Carnival sails ahead as cruise demand grows June 25, 2024 Carnival has posted record operating income and revenue despite the closure of Baltimore port following the collapse of the Francis Scott Key Bridge.
DFS Furniture: Sofa retailer issues second profit warning as Red Sea disruption takes toll June 12, 2024 Sofa retailer DFS Furniture has issued its second profit warning this year in the face of tricky Red Sea disruptions and weak consumer spend.
Coral Products: Plastic maker pledges to reinstate dividend as prospects improve June 11, 2024 Plastic products manufacturer Coral Products has pledged to reinstate dividends as it anticipates full-year revenue to be "in line with expectations" after a challenging start to the trading year.
Maersk hikes guidance as shipping costs rise on Red Sea disruption June 4, 2024 Maersk has hiked its full-year earnings guidance amid strong demand and continued disruption in the Red Sea.
Sunak: Britain launched fresh Houthi airstrikes last night – and would ‘not hesitate’ to do it again May 31, 2024 Rishi Sunak's announcement comes after Iran-backed Houthi rebels have launched attacks on ships in the red sea in a bid to disrupt international shipping.
UK economy continues recovery as services sector hits highest level of growth in a year May 3, 2024 The UK services sector saw a spike in new orders in April but cost pressures also increased at the fastest rate since August.
UK manufacturing slips back into contraction amid Red Sea disruption fears May 1, 2024 The survey confirms that the manufacturing sector slipped back into contraction after March's slight uptick. Prior to March manufacturing had been in contraction since July 2022.
Will oil prices hit $100 a barrel in 2024? April 9, 2024 Against many market bets, oil prices have risen sharply throughout the first quarter of 2024. But can prices hit $100 this year?