UK Finance CEO: FCA’s name and shame plans will harm UK competitiveness April 30, 2024 Improving transparency is well and good, but the FCA's name and shame plans will damage innocent firms, writes UK Finance CEO David Postings.
Hospitality leaders warn of ‘severe contraction’ as Budget does little to alleviate closure concerns November 17, 2022 High street industry leaders have issued bleak warnings for this winter following the Chancellor’s Budget, forecasting a wave of closures and stark price hikes for punters. The OBR predicted that real household disposable income per person would plunge more than seven per cent over next two years, marking the biggest drop on record. While businesses [...]
Photo-Me posts ‘extremely strong’ results as Covid restrictions ease July 19, 2022 Photobooth operators Photo-Me today vowed to pay its shareholders almost £25m in the form of a special dividend after posting “extremely strong” results for the first half of 2022. The Epsom headquartered firm, that sells a range of photobooths and vending machines, said its balance sheet was bolstered by the reopening of the global economy, [...]
Coronavirus: Government begins to wind down furlough scheme September 1, 2020 Companies using the coronavirus furlough scheme will now have to contribute to workers’ wages as the government begins to wind down its emergency support. The job retention scheme, introduced in March, has paid 80 per cent of salaries for workers on temporary leave, capped at £2,500 per month. From today this will be reduced to [...]
China banks cut key interest rate in bid to revive stalling economy August 22, 2022 China’s banks have slashed a key interest rate in a token gesture to revive the world’s second-largest economy. The country’s central bank said yesterday the one-year loan prime rate offered by banks was cut to 3.65 per cent from 3.7 per cent, while the five-year rate dropped to 4.3 per cent from 4.45 per cent. [...]
Four-in-10 Londoners expect pay rise in next 12 months despite coronavirus recession August 25, 2020 Four in 10 Londoners expect a pay rise in the 12 months despite the impact of the coronavirus pandemic on the economy. A survey by job board CV Library found 43.8 per cent of Londoners expected a pay bump in the next year. According to CV Library data, salaries in London increased two per cent [...]
UK locks down amid largest rail strike in 30 years – Millions face disruption – Retail footfall slumps June 21, 2022 Train and London tube passengers continue to face travel chaos due to the biggest strike by rail workers for a generation. Brits are urged to work and stay at home today, as road congestion is widely expected. Bolt crashed earlier this morning following a surge in both demand and prices, while the National Rail Enquiries [...]
Cazoo no you can’t: Motor retailer halves ambitions despite third quarter sales fillip January 18, 2023 Cazoo has halved its sales ambitions for the year, saying it was now looking to sell between 40,000 and 50,000 cars, rather than the predicted 80,000 to 100,000. The online car retailer told analysts and investors it was shrinking its ambitions to a “more modest” top line, as it sought to return to profitability without [...]
Commercial rent collections buoyed by September’s short-lived return to offices October 26, 2020 Commercial rent collections started to recover in the third quarter due to the reopening of non-essential retail, offices and schools after lockdown. Real estate services firm Cushman & Wakefield said today that it had collected 77 per cent of rents owed to its clients on the 21st day after the third quarter due date. The [...]
Pubs to shut at 10pm under new restrictions September 21, 2020 Boris Johnson will tomorrow announce that pubs in England will have to shut at 10pm in an attempt to limit the spread of coronavirus, it was reported this afternoon. The new restrictions are set to be introduced amid warnings that there could be as many as 50,000 cases a day in the UK by mid [...]