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.
Scorching inflation raises fears of Christmas spending slump November 8, 2022 Scorching inflation hobbling Brits’ finances has triggered a spending squeeze that could bleed into Christmas, research out today reveals. Surveys out from Barclaycard and the British Retail Consortium (BRC) show retail sales volumes likely fell in October. While the organisations measured a jump in consumer spending of 3.5 per cent and 1.6 per cent respectively, [...]
Wall Street winning streak continues as US inflation continues to fall way past UK July 14, 2023 Wall Street’s winning streak barrelled into a fourth day following the latest signal that inflation is easing its chokehold on the economy. The S&P 500 rose 0.8 per cent on Thursday for its highest close since April 2022. The Dow Jones Industrial Average rose 0.1 per cent , and the Nasdaq composite rallied 1.6 per [...]
Investors reach for the bottle as inflation soars August 9, 2022 Nervous investors are turning to wine as a steady store of value as inflation climbs.
Loungers: Cafe and Bar operator looks for further expansion as cooling inflation for hospitality boosts revenue July 12, 2023 Cafe and bar operator Loungers revenues jumped 19 per cent during the year, as the owner of the Lounger and Cosy Club was bolstered by 29 new site openings. The London-listed hospitality chain recorded earnings of £47.3m which represents growth of 66 per cent since it first listed on the stock exchange in April 2019. [...]
Record number of Brits return to workforce but inflation continues to wipe out pay growth May 16, 2023 A record number of Brits are returning to the workforce in a sign that labour shortages that have held back economic growth and pushed up inflation are starting to unwind, official figures out today show. A net 251,000 people flowed out of economic inactivity in the three months to March compared to the previous quarter, [...]
Bank of England won’t hesitate to hike rates if inflation persists, warns Andrew Bailey July 10, 2023 The Bank of England will have to keep on lifting interest rates if wages keep rising at a near record pace and businesses continue to pass on swelling costs, Governor Andrew Bailey has signalled today. In a speech delivered at the annual Mansion House bankers’ dinner, Bailey said price pressures emanating from the labour market [...]
The imperfect tonic: Fever-Tree to raise prices amid soaring cost inflation March 22, 2023 Up market tonic maker Fever-Tree has revealed plans to hike its prices, as it continues to navigate a surge in production costs. The company said made a loss in earnings for the year with revenues down 0.2 per cent to £116.2m from £118.3m the prior year. The London-listed adult drinks company said it felt the financial [...]
Young’s: Pub chain shrugs off inflation as London acquisitions spur revenue bump July 6, 2023 Young & Co’s Brewery provided a cheery update to investors this morning as the pub operator revealed a 8.3 per cent lift in revenues in the first thirteen weeks of the year. The 220-strong pub chain said it was boosted by a string of acquisitions it made last year in London and the wider UK, [...]
Gold prices hover near three-week low as dollar firms and investors focus on US inflation data November 13, 2023 Gold fell 2.8 per cent last week, logging its worst week in more than a month, as Fed Chair Jerome Powell's hawkish remarks pushed back any notion about interest rate cuts.