Portmeirion Pottery sinks deeper into the red as Asian sales falter September 19, 2024 Portmeirion, the historic maker of ceramic tableware and cookware, has slipped further into the red as declining sales in Asia continue to weigh heavily on the company. The London-listed group, which is headquartered in Stoke-on-Trent, saw its revenue fall to £36.6m in the first six months of 2024, down from £44.1m year on year. As [...]
With wage growth set to fall, the Bank of England should cut rates in August July 16, 2024 Wage growth remains stubbornly high despite the rise in unemployment and fall in hiring. However, this is not a signal for the Bank to hold off on cutting interest rates, Chris Dorrell argues
S&U: Motor finance lender urges Labour to change ‘restrictive’ regulation after profit warning August 12, 2024 Specialist lender S&U has urged the new Labour government to change the UK's "restrictive and constantly changing" regulatory regime after warning that actions by the City watchdog would have a "significant impact" on its motor finance business' profits.
Reeves to strike positive tone in Party Conference speech September 23, 2024 Rachel Reeves is set to promise a Budget that will “rebuild Britain” in a speech at the Labour Party Conference that will claim that the “work of change has only just begun”. In a notably more optimistic tone than Labour has adopted in recent weeks, the Chancellor will vow to deliver a “Britain of opportunity, [...]
Angling Direct reels in revenue despite choppy retail environment February 21, 2024 Specialist fishing tackle and equipment retailer Angling Direct has continued to make profit despite disruptions from storms and an economic downturn. In an update, the publicly listed firm said revenue grew 10.2 per cent to £81.7m in the full year to January 2024. UK sales were also hiked nine per cent to £77m, as the [...]
Data: protection, possibilities, purpose December 22, 2023 The Data Protection and Digital Information Bill has arrived in the House of Lords and peers have questioned the minister.
Time is up for supermarket challenger banks, analysts say January 18, 2024 Sainsbury's announced on Thursday morning that it would undertake a “phased withdrawal” from its banking business following a strategic review. There are no immediate changes for customers.
FTSE 100 close: London climbs on softer pound after Bank of England holds rates September 22, 2023 London's blue-chip FTSE 100 index rose on Friday as it benefited from the weak pound in the wake of the Bank of England's decision to hold interest rates steady.
Jet2 appoints successor for chair Philip Meeson September 5, 2023 Jet2 announced a replacement for long-time chief and founder Philip Meeson, the entrepreneur who transformed the company into the UK’s leading package holiday airline. Senior independent non-executive director Robin Terrell is stepping in, following an announcement in July that 75-year-old Meeson was to depart after nearly 40 years at the helm. Terrell, who was appointed [...]
What is the Hague Convention 2019, why has the UK signed up to it, and how will it benefit Britain? January 15, 2024 The UK government has signed up to the Hague Convention 2019, boosting to UK’s status as a global dispute resolution hub. The government have signed a treaty which allows legal judgments regarding people and companies tied up in cross-country disputes to be recognised and enforced in the courts of other nations who have joined the [...]