US inflation comes in ahead of expectations on higher housing costs February 13, 2024 US inflation came in ahead of expectations in January due to elevated housing costs, making it more likely that the US Federal Reserve will wait until the summer to start cutting interest rates. Figures from the Bureau of Labor Statistics showed the consumer price index (CPI) picked up to 0.3 per cent month-on-month in January. Economists had [...]
FTSE 100 close: London markets dip sharply after inflation remains stagnant in September October 18, 2023 Markets were uneasy after new figures showed that inflation had not budged in September after August's surprise fall.
Planet Crypto: Caroline Ellison to be kept in tamper-proof bottle to prevent SBF interference August 31, 2023 Planet Crypto's imagineers have pictured Sam Bankman-Fried's former lady friend Caroline Ellison under some unusual protection.
Tortilla anticipates shaved margins as protein prices spike October 3, 2022 Mexican fast-food chain Tortilla has warned it faces a hit to margins this year after meat prices have soared. Inflationary pressures would lead to a three percentage points reduction in gross margin for the 2022 financial year, to the tune of approximately £1.8m, Tortilla said on Monday. The restaurant brand pointed to a 40 per [...]
UK economy will ‘flatline’ as stubborn inflation and a tight jobs market drag on growth June 8, 2023 Britain remains on course to dodge a recession this year but growth will "flatline" as stubborn inflation and a tight jobs market continue to drag on the economy, according to the latest forecast from the British Chambers of Commerce.
Let’s be honest, reusable plastic bags are actually terrible for the environment September 8, 2022 Since 2015, single-use plastic bags have declined by 97 per cent. There’s just one problem: this probably hasn’t helped the environment.
New data: Cost-cutting and restructuring helps keep restaurant industry alive July 17, 2023 Bank of England interest rate rises could threaten the UK restaurant sector’s return to profitability, according to national accountancy group, UHY Hacker Young. The group say the percentage of UK restaurant companies turning a profit has more than doubled from 35 per cent to 78 per cent in the past year, but recent rate increases could [...]
JP Morgan boss Jamie Dimon warns world is witnessing ‘most dangerous time in decades’ October 13, 2023 Jamie Dimon, chief executive of JP Morgan, said the early 2020s were shaping up to be "the most dangerous time the world has seen in decades" as the Wall Street banking giant reported another increase in profit.
Survey reveals extent of remote working loneliness July 16, 2023 Ever since the pandemic the conversation has rattled on about the benefits and setbacks of remote working. Increased flexibility, it turns out, has a downside: loneliness. A new survey by Promoleaf has revealed that more than a third of female remote workers (39 per cent) feel lonely working from home, and a much higher rate [...]
Pound slumps as US inflation remains stuck at 3.7 per cent in September October 12, 2023 Sterling slumped after US inflation came in slightly ahead of expectations.