UK inflation falls to near three-year low as energy prices are capped November 13, 2019 UK inflation fell to its slowest rate in almost three years in October, official figures showed today, as growth was held back by the energy price cap. Read more: UK suffers biggest fall in jobs in four years The consumer price index (CPI) – a gauge of how much prices have risen over the year [...]
Coronavirus: 700,000 jobs lost since March September 15, 2020 Almost 700,000 workers have lost their jobs since the coronavirus pandemic began in March, according to the latest government statistics. The HM Revenue and Customs and Office for National Statistics data showed early indicators for August suggest that the number of employees in the UK on payrolls was down around 695,000 compared with March. The [...]
Aston Martin makes £119m loss as coronavirus squashes demand May 13, 2020 Aston Martin fell to a £118.9m pre-tax loss in the first quarter as the coronavirus pandemic squashed demand at the luxury carmaker, driving revenue down. In its first results since Canadian billionaire Lawrence Stroll became executive chairman of the iconic firm, the company said its new DBX model was on track for summer delivery despite [...]
The Power of Inclusion seminar September 14, 2020 The fourth Power of Inclusion seminar in our 2020 series was sponsored by Standard Chartered, titled Diversity at the top: leading from above. It focused on the importance of inclusive workplace cultures and explore how to create a culture of belonging where those from diverse socio-economic backgrounds are able to be themselves and succeed in [...]
Eurozone manufacturing stuck in steepest decline for seven years November 4, 2019 The health of the eurozone’s embattled manufacturing sector remained in the depths of a seven-year low last month, with Germany remaining the main point of weakness in the bloc’s economy. Factory output showed little sign of picking up last month, with IHS Markit’s Eurozone manufacturing purchasing managers’ index (PMI) hitting 45.9 in October. While the [...]
Aston Martin revenue plummets amid ‘challenging period’ for luxury car firm July 29, 2020 Aston Martin more than quadrupled its operating loss for the first six months of 2020 as the luxury car firm reported a steep plunge in sales and revenue during the pandemic. The results Total retail sales sank 41 per cent to £1.77bn in the six months to June, down from £3bn in the same period [...]
The case for investing in financials January 7, 2021 Entire tomes have been devoted to investing in the financial services sector – hardly surprising when you consider its size, and therefore its significance to the world’s capital markets. To say the financial sector is large doesn’t do it justice. Of the total market capitalisation of the S&P 500, the world’s largest stock market index, [...]
US tech stocks plunge as FTSE 100 drops on no-deal Brexit fears September 8, 2020 Wall Street opened lower while the FTSE 100 fell back into the red this afternoon as a US tech sell-off and Brexit fears rattled markets. Downward pressure on the pound, as well as a strong set of corporate results, had initially boosted London’s premier index, but by the mid-morning the 0.5 per cent increase had [...]
UK GDP shrinks: Economists warn worst yet to come as lockdown persists May 13, 2020 The UK economy shrank by a record 5.8 per cent in March, thanks almost entirely to just over a week of coronavirus lockdown that began on the 23rd. In the first quarter as a whole GDP contracted by two per cent, the Office for National Statistics (ONS) said today. This was its worst performance since [...]
Fate of Brexit 50p coins in doubt as extension becomes more likely October 24, 2019 The future of a batch of commemorative Brexit 50p coins emblazoned with 31 October has been thrown into doubt as it becomes increasingly unlikely that Britain will leave the European Union before that date. Chancellor Sajid Javid had asked for three million of the coins to be in circulation and ready for 31 October, with [...]