‘Further evidence’ needed to show wage growth is falling, Bank’s Broadbent warns December 18, 2023 The Bank of England needs "further evidence" that wage growth was decisively cooling before cutting interest rates, a member of the Monetary Policy Committee (MPC) said today.
Taxpayers to foot the bill for half of businesses’ electricity bills September 21, 2022 Taxpayers will have to cough up half the electricity costs for British businesses this winter amid threats of blackouts.
Government debt continues to balloon as Rishi Sunak promises stability October 28, 2022 Government debt ballooned in the second quarter of this year, making up 101.9 per cent of gross domestic product (GDP). New figures released by the ONS show that gross debt was £2,436.7bn between April and June in the UK. At 101.9 per cent of GDP, this puts the UK 15.5 percentage points above the EU [...]
City firms’ regulatory burden rises as UK and EU diverge on financial rules September 27, 2023 City firms face an increasing regulatory burden as the UK and the EU begin to diverge on financial services regulation.
Shares in banks and housing firms rise on sharp inflation slowdown December 20, 2023 Shares in banks and housebuilders jumped on Wednesday morning after fresh inflation data came in lower than expected, boosting hopes for interest rate cuts in the first half of next year.
Musk’s one-year X reign: how shocking has it been? October 27, 2023 A year after Elon Musk's Twitter takeover, now 'X', the platform is still alive while rivals Mastodon and Threads are flailing behind.
Standard Chartered shares jump to six-month high as bank breezes past profit estimates May 2, 2024 Standard Chartered has sailed past estimates with a 25 per cent jump in profit on the back of interest rate hikes and a solid performance from its trading and wealth divisions.
Coca-Cola beats revenue estimates on the back of price hikes February 13, 2024 Coca-Cola has posted fourth-quarter revenue ahead of Wall Street estimates as it saw a boost from higher prices and robust demand for its products.
Bank of England finance panel suggests wage growth won’t budge next year, but inflation will fall November 30, 2023 "Expected output price inflation has been gradually falling over the year," the survey noted.
Pets at Home’s profit slumps as higher wages bite November 28, 2023 Pets at Home has backed its full-year guidance despite swinging to a 19.3 per cent loss in underlying profit before tax in the interim period.