Recession warning flashes after ‘gloomy’ UK manufacturing data August 22, 2023 Recession concerns intensified today after new data showed manufacturing output fell at its fastest pace since September 2020 in July. According to the Confederation of British Industry’s (CBI) industrial trends survey, the balance of factories reporting a rise in output versus a fall slumped to -19 per cent, compared to plus three per cent in [...]
Private sector AI forum to launch in January, No10 announce December 20, 2023 A new artificial intelligence (AI) opportunity forum to explore private sector adoption of the technologies will launch in the new year, No10 have confirmed.
Markets today: Weaker start for Europe as investors focus on inflation November 18, 2020 After the vaccine inspired rally on Monday, a slightly more tempered market followed on Tuesday as the continued rise in virus cases started to experience a bit more cut through in the face of some disappointing US economic data. It is slowly becoming apparent that the economic damage being caused by subdued consumer activity is [...]
French finance minister looks to ‘take advantage of Brexit’ and lure firms to Paris January 8, 2024 “We were able to take advantage of Brexit to attract the world’s biggest financial establishments to Paris,” Le Maire said today.
“Stumbling from lamppost to lamppost”: Making sense of the UK’s GDP figures January 12, 2024 New GDP figures out this morning showed a better than expected economic performance in November - but it's more complicated than that.
BP and Equinor bin New York wind farm as surging costs derail yet another green energy project January 4, 2024 BP and Equinor have scrapped the contract to deliver the project at a strike price of $107.5 per MWh
Jeremy Hunt to meet CMA, Ofgem, Ofwat and Ofcom over ‘profiteering’ concerns June 26, 2023 Jeremy Hunt will ask industry regulators what they are doing about any companies exploiting rampant inflation by raising prices. The Chancellor is set to meet the Competition and Markets Authority (CMA), and the watchdogs for energy, water and communications on Wednesday. He will press them on whether there is a profiteering problem in their sectors [...]
Top City investor: Rate hikes and gilt spike WILL throw UK economy into recession May 26, 2023 A top Square Mile economist has warned that further rate hikes and the increasing price of government debt means the UK will struggle to avoid recession. Speaking to the BBC’s Today programme this morning, Abrdn’s investment director Luke Hickmore said that incomes were set to come “under a lot of pressure” after the Square Mile [...]
Price rises see sales surge at McVitie’s Digestives, Jaffa Cakes and Jacob’s Mini Cheddars maker June 4, 2024 Price rises helped sales surge at the maker of McVitie's Digestives, Jaffa Cakes, Jacob's Cream Crackers and Mini Cheddars in 2023, it has been revealed.
FTSE 100: London markets hit by interest rate cut worries as Tui takes flight February 13, 2024 The daily London update: Moving news from the FTSE 100 and around the world from City A.M.'s newsroom in the heart of the Square Mile.