Sale of swimming pools and paddleboards skyrocket by 200 per cent as heatwave intensifies July 20, 2022 There has been an increase in sales of swimming pools by more than 210 per cent due to the heatwave. Lee Bagnall, CEO of GO Outdoors, shared with City A.M. this morning that over the past week his company has seen sales of outdoor living equipment soar, in response to the current heatwave that’s sweeping [...]
Bank of England won’t cut interest rates until Christmas but UK to avoid recession April 17, 2023 The Bank of England is poised to cut interest rates at Christmas, lured into the decision by inflation falling rapidly over the course of this year, new forecasts that also say the UK will dodge a recession out today claim. Governor Andrew Bailey and his team of economists are tipped to launch the first rate [...]
Ulez expansion: Sadiq Khan accuses Government of ‘weaponising air pollution’ August 27, 2023 London mayor Sadiq Khan accused the Government of “weaponising air pollution” ahead of his expansion of the capital’s ultra-low emission zone (Ulez). In an interview with the PA news agency, the Labour mayor said he was “disappointed” at the lack of Government support for the policy and its accompanying scrappage scheme. From Tuesday, the Ulez [...]
Senior bondholders call for talks over Matalan’s future June 11, 2022 Matalan’s senior bondholders have reportedly called for talks over the retailer’s future as the cost-of-living crisis continues to bite into the company. Lenders have sought the advice of financial services firm Perella Wellbeing to understand what their options are as they are set to receive a £350m payment next year, Sky News first reported. Junior [...]
Holiday Inn chief steps down as group sees bookings hike despite ‘economic tailwinds’ May 5, 2023 The chief of Holiday Inn owner International Continental Hotels (IHG) is to step down from the helm after nearly six years. Keith Barr, group chief executive officer of the global hotel chain will be succeeded by Elie Maalouf, who currently heads up its American operations. Barr has worked within the brand for almost 14 years, [...]
Millions of Brits in for shock charges as credit card rates hit highest level since 1998 August 9, 2022 With credit card borrowing growing at its fastest pace since 2005, new analysis shared with City A.M. this morning shows that last month average rates on credit cards hit their highest level since 1998. An analysis of the Bank of England’s quoted household interest rate figures uncovered that average credit card rates jumped 0.23 percentage [...]
STV: Scottish broadcaster has revenue and profit boost as it beats streaming challenge September 6, 2022 Scottish broadcaster STV experienced a boost in revenue and profit in the first half of 2022, driven by a focus on streaming and local advertising. The most popular peak-time channel for four years running, at 22.2 per cent, had a three per cent increase in revenue up until June 2022, up from £60.3m, while its [...]
ISA season: Beat inflation with an IFISA March 13, 2023 With inflation still hovering around 10 per cent, savvy investors across the UK are searching for the most lucrative opportunities to protect their portfolios from eroding in real terms. As we head into ISA season, there is also the opportunity to enjoy tax-free earnings on your investments, giving consumers an additional boost during the cost-of-living [...]
Number 10: Johnson will not outline a cost of living package this summer August 8, 2022 Number 10 has confirmed that Boris Johnson will not be announcing an emergency package of measures to help Brits being squeezed by the worsening cost of living crisis. Johnson’s official spokesman today said “it will be for a future Prime Minister to decide whether … measures are required”. It comes after former Prime Minister Gordon [...]
Paul Scully launches bid to become London mayor – here’s how he hopes to win May 18, 2023 Conservative MP Paul Scully has pledged to switch off ULEZ cameras in the extended zone on “day one” if elected London mayor, as he launched his bid to be the Conservative candidate. Currently minister for London, Scully, MP for Sutton and Cheam, is pausing his frontbench work while he aims to be selected as the [...]