Barclays set to unveil annual profit drop as restructuring costs offset higher interest income February 14, 2024 Barclays' annual profits are set to be dragged down by £825m in costs tied to a major restructuring as the bank prepares to reveal more details about the plan to shore up its balance sheet.
Wage pressures ease again but beat Bank of England’s expectations February 13, 2024 Rate-setters at the Bank of England have argued that pay pressures need to ease before interest rates can start being cut.
FTSE 100 close: London rallies after Bank of England holds interest rates November 2, 2023 The blue-chip FTSE 100 rose 1 per cent to 7,418.89 while the midcap FTSE 250, which is more aligned with the health of the domestic economy, rose 1.6 per cent to 17,465.50.
Lego profits tumble as pandemic playday comes to an end August 30, 2023 The Lego Group has suffered a steep fall in profits, figures from its half year results show, as demand for the plastic bricks maker showed signs of dwindling amid a tough economic climate. Operating profit at the children’s toy brand reached DKK 6.4bn (£740m) during the first half of the year, down considerably from DKK [...]
Credit Suisse claims it has turned a corner but investors are unconvinced February 9, 2023 Credit Suisse said today that it has turned a corner after a “horrific” 2022, but investors were less convinced as its share price dropped by nearly 13 per cent in afternoon trading. The sick man of European banking posted a CHF1.4bn (£1.3bn) quarterly loss today, bringing its total loss for the full year to CHF7.3bn. [...]
North Sea’s biggest oil and gas producer, Harbour Energy strikes £9bn deal for German peer December 21, 2023 Harbour Energy on Thursday agreed to acquire Wintershall Dea's non-Russian oil and gas assets in a £9bn share and cash deal with BASF and LetterOne.
Household energy bills set to drop 14 per cent from April as ‘light at the end of the tunnel’ for consumers December 20, 2023 Cornwall Insights head said the data could be a "light at the end of the tunnel" for those concerned about January bill hikes
Petrol prices could jump after Red Sea attacks send oil prices surging December 20, 2023 Longer oil transportation times could affect Christmas motorists
AI governance – who’s in control? October 6, 2023 Lord Holmes urges us all to be part of the AI governance discourse if we want to ensure that ‘safe’ systems can work for everyone.
Cost of living crisis: Grocery inflation up two per cent in just one month with shoppers forking out £800 more a year January 31, 2023 Grocery price inflation has hit a record 16.7 per cent to add a potential £788 to annual shopping bills, figures have shown. The “staggering” 2.3 percentage point jump in the four weeks to January 22 has exceeded the previous high recorded by analysts Kantar in October and is the highest figure since their records began [...]