Food inflation falls again but business rate hikes could unravel progress November 28, 2023 Increases to business rates and the national living wage could reverse progress made to lower food inflation, experts have warned.
Betfred enters the red despite online gambling surge July 9, 2024 A surge in online gambling helped Betfred's turnover pass £900m during its latest financial year but was not enough to stop the company entering the red.
UK borrows more than expected ahead of Autumn Statement as tax cuts mooted November 21, 2023 The government borrowed more than expected in October, providing a “timely reminder” about the state of the UK’s fiscal position ahead of the Autumn Statement. According to figures from the Office for National Statistics, the government borrowed £14.9bn in October, £1.2bn more than had been pencilled in by the Office for Budget Responsibility (OBR). This [...]
Sterling surges to highest level since mid-September as US inflation falls faster than expected November 14, 2023 The pound jumped higher on Tuesday afternoon after new figures showed that US inflation fell faster than expected in October making further rate hikes in the US unlikely.
As Greggs opens its 2,500th shop, the bakery chain is on a roll May 16, 2024 Alongside the launch of its new summer menu, Greggs recently announced that it was opening its 2,500th shop – a “significant milestone” in the company’s five-year growth plan, which was originally announced in October 2021. A lot has happened since then: the end of lockdowns, and the beginning of a cost-of-living crisis. But has Greggs’ [...]
Why the UK should not get carried away by the largest fall in inflation since 1992 November 15, 2023 October's inflation figures do not dramatically change the Bank of England's fundamental narrative, although they may refine it.
London high streets get pre-Christmas boost December 1, 2023 The number of people hitting the high street in London grew in November, according to the latest footfall statistics, as the capital gears up for a much needed festive boost. A new reading from the British Retail Consortium (BRC) shows that footfall in London reached -0.4 per cent in November down from -2.9 per cent [...]
Treasury questions payments regulator on deadline for controversial fraud refund rules August 13, 2024 The Treasury has reportedly raised questions with the UK payments regulator over the timetable for its new fraud refund rules that have stirred alarm among banks and fintechs.
Doric Nimrod Air Two: Guernsey-based fund makes £153m plane sale to Emirates August 21, 2024 Doric Nimrod Air Two has sold off five more planes to Emirates for £30.7m per plane after it sold two other plans to the company last year. The Guernsey closed-end fund will cash out of its five Airbus A380-861 that it bought in 2011, the fund said in a stock exchange announcement today. Over the last 12 [...]
Hydrogen specialist ITM Power quadruples revenues as turnaround plan delivers January 31, 2024 Hydrogen energy storage company ITM Power has quadrupled revenues and cut losses one year on from the adoption of a company-wide transformation plan. The hydrogen energy storage company reported that revenues for the six months period ending October 2023 came up to £8.9m from £2m year-on-year while adjusted EBITDA loss was slashed from £54.1m to [...]