Poundland sales grow as discount store chain introduces new price points and product lines January 27, 2021 Poundland owner Pepco reported a jump in revenue in the first quarter due to its status as an essential retailer and its introduction of new price points and product lines including clothing and homeware. The discount store chain, which trades as Pepco and Dealz in Europe and Poundland in the UK, said group like-for-like sales [...]
City A.M. TV: Daily Market Snapshot (video) March 15, 2021 Markets globally pushed higher last week. In many instances the gains were pretty marked. The key US S&P500 index was up over 3 per cent on the week; the NASDAQ, which has been the centre of weakness in much of 2021, was up over 5 per cent; while the US mid-caps rallied aggressively (+7 per [...]
Construction activity continues pacey growth but inflation fears loom May 7, 2021 UK construction activity continued its rapid growth in April, but the burst of activity saw the rate of input cost inflation rise to its highest levels since 1997. IHS Markit’s construction Purchasing Managers Index registered 61.6 last month, only fractionally below March’s record reading of 61.7. Any figure above 50.0 indicates an overall expansion of [...]
Here’s how UK businesses fared last year, and what they expect next May 13, 2021 Despite the trials and tribulations of last year, UK businesses have shown an ability to adapt, evolve and overcome. That’s the takeaway from our new report, The State of Growth. Our research finds that it is the organisations that can evolve quickly and efficiently that are best-placed to accelerate their path to sustained, consistent growth. [...]
Crypto markets maintain a steady course alongside the S&P 500 January 19, 2022 A flat week in the crypto markets goes on, as Bitcoin continues to consolidate within a narrow range of $41-43k.
Salaries for those who kept their jobs through pandemic rose in 2020, says Reed January 18, 2021 Salaries for those who kept their jobs through pandemic rose in 2020, says Reed
Ofgem invests £300m into EV charge points, with £40bn more to come May 24, 2021 The Office of Gas and Electricity Markets, also known as Ofgem, has invested £300m into expanding the UK’s electric vehicle (EV) charging network today, to push the pedal on the country’s low carbon future. In the bid for net zero, the non-ministerial government department has put money behind the electric vehicle sector, to instal [...]
Harvey Goldsmith: Events industry is bleeding and June 21 reopening plan is marred by confusion and chaos April 6, 2021 The Government’s roadmap tells us that on June 21st all Covid restrictions will disappear and the great British summer can begin. If only things were that simple. Like everyone in the events industry, I have had a year with no income and no business. Having spent five decades as a promoter, putting on some of [...]
UK house prices grew at fastest rate since 2015 in November December 1, 2020 UK house prices grew at an annual rate of 6.5 per cent in November, the fastest rate since January 2015, as the sector batted off the second national lockdown. According to Nationwide’s house price index, prices also increased on a month-on-month basis to be up 0.9 per cent compared to last November. As a result, [...]
Oprah-backed startup Oatly raises $1.4bn in stock market debut May 20, 2021 Swedish vegan milk startup Oatly, which is backed by US talk show star Oprah Winfrey, has raised $1.4bn (£987m) in its initial public offering in New York. The company, which is also backed by Natalie Portman, Jay Z and former Starbucks boss Howard Shultz, today said it priced 84.4m shares at $17 each — the [...]