EV transition could be fast-tracked by more than a decade if people buy second hand, says report June 7, 2023 The UK’s EV transition could be fast-tracked by over a decade if the country makes more use of the second-hand electric vehicle (EV) market, a new report shows. Research from the Green Finance Institute found that accessing the used EV market could boost uptake in the UK by as much as 17m, should barriers including [...]
Brits finally sober up to high inflation and interest rate hikes as confidence slides July 21, 2023 Brits have finally sobered up to the damaging impact high inflation and the Bank of England’s interest rate hikes to tame it is having on their finances, a closely watched survey out today shows. Consumer confidence has dropped for the first time since January, down six points to minus 30 in July, according to research [...]
Simply Be and Jacamo owner hit by revenue fall and warns 2024 will be tough June 6, 2023 The owner of Simply Be and Jacamo has told investors that it expects the hangover of high inflation and low consumer confidence to continue to impact the business next year, as the retailer posts a 82.6 per cent decline in profit before tax. N Brown, which trades solely online posted a 5.3 per cent decline [...]
Profit falls at Watches of Switzerland but Rolex seller maintains guidance June 27, 2024 The rolex seller reported that pretax profit fell 40 per cent in the year to April, falling from £155m to £92m.
FTSE 100 close: London markets measured after strong week July 21, 2023 London markets stayed flat throughout Friday after a strong week, closing slightly higher and extending earlier gains caused by lower than expected inflation. The bluechip FTSE 100 was measured throughout the day and closed in the green at 7,658.53, while the midcap FTSE 250, which is more aligned with the health of the UK economy, [...]
Business outlook optimism ‘lowest’ this year as employment levels continue on downward trend November 3, 2023 Business activity is subsiding for the third month in a row amid economic headwinds.
Sir Jim Ratcliffe: Ineos boss bins electric vehicle plans amid ‘reluctant’ demand July 4, 2024 Production of the Ineos Fusilier SUV in both pure electric and plug-in hybrid was forecast to begin in 2027, via Ratcliffe's Ineos Automotive business.
JD Sports shares slump after stockbroker downgrade August 12, 2024 Shares in JD Sports slumped more than four per cent on Monday morning after analysts at stockbroker Deutsche Numis questioned the retailer’s ability to generate cash. Analysts downgraded the stock from a ‘buy’ to a ‘sell’ and lowered the share price target from 115p to 110p. Deutchse’s forecast was 6.5 per cent below the fashion [...]
On the whole, the economy is on the up – but only just June 25, 2024 The UK reported surprisingly strong growth in the first quarter of this year, outpacing every other G7 economy. However, recent figures have been less positive.
Tedium alone won’t restore confidence in the economy July 23, 2024 The theory of Ricardian Equivalence posits that financing public spending out of taxes or borrowing will have the same overall economic consequences. This, David Ricardo argued in 1820, was because rational consumers understand that debt will eventually have to be paid off. They will therefore set aside current income in anticipation of future tax rises. [...]