FTSE 100 today: London markets likely to start higher, mirroring Asian peers February 7, 2024 Asian markets mirror the gains witnessed on Wall Street, supported by Beijing's escalating efforts to shore up its declining stock markets. Investors will closely monitor Fedspeak and UK house price data.
Shaftesbury weathers Omicron disruption and reports a strong rebound February 4, 2022 Shaftesbury, the owner of several buildings in London’s West End, has reported a strong rebound despite the impact of Omicron. In the four months ended 3 February, the firm announced that strong strong trading prior to restrictions and ongoing government support measures helped Shaftesbury weather Omicron-induced disruptions. The firm’s net debt went down 1.1 per [...]
Taylor Wimpey on track to meet guidance, unscathed by supply chain concerns November 11, 2021 British housebuilder Taylor Wimpey this morning said it was on track to deliver full year results in line with previous guidance, after strong housing demand helped it offset supply chain pressures. Although the country’s third-largest housbuilder said it had experienced industry-wide pressures on the cost and availability of certain materials and a shortage of drivers [...]
UK tax revenues nosedive by £33bn but pandemic impact less pronounced than previous crises December 6, 2021 Total tax revenues across the UK dropped by £33.4bn last year, according to the annual revenue statistical release from the Organisation for Economic Co-operation and Development (OECD). The OECD say that the impact of the Covid-19 pandemic on tax revenues was less pronounced than during previous crises, in part, due to government support measures introduced to [...]
Snapping supply chains triggers wave of profit warnings October 17, 2021 Supply chains snapping, soaring energy costs and the ongoing labour squeeze has crimped listed companies’ profits. The number of profit warnings issued by UK listed companies in the last three months climbed to 51, up sharply from 19 in the second quarter of this year, research by EY-Pantheon has found. Elevated profit warning levels have [...]
High street weather major shutdown as 10,000 chain outlets disappear in 2021 February 19, 2022 Britain’s high streets saw a major shutdown of chain shops, bank and gyms last year as the pandemic continued to batter the retail and leisure industries, new figures have revealed.
High street gaps filled by independent businesses as chains suffer September 16, 2021 Independent shops are filling gaps on high streets left after the shuttering of chain stores, recording their first rise in numbers in four years. Some 804 locally run convenience stores, barbers, bakers, cafes and fast-food outlets opened in the first half of 2021, according to Local Data Company (LDC) analysts. While local retailers enjoyed new [...]
Jobs market turbulence after furlough fails to rear its head as Brits in work swells 0.6 per cent to over 29m November 16, 2021 An expected wave of job losses after government support measures propping up the jobs market were pulled has seemingly been averted. The number of payrolled employees climbed 160,000 over the last month, or 0.6 per cent, to 29.3m. This is the first period which the Office for National Statistics (ONS) has examined the labour market [...]
IMF warns Britain must address ‘fundamental’ fiscal imbalances April 17, 2024 By 2029, global debt is projected to be roughly equal to global output.
Government announces new £2.5bn programme to tackle long-term sickness November 16, 2023 Since the pandemic the number of people inactive in the UK due to long-term sickness or disability has risen by almost half a million to a record high of 2.6m.