Virgin Active to ‘refocus on growth’ after losses of nearly £150m revealed March 13, 2024 Virgin Active is to "refocus on growth" after seeing its losses widen to nearly £150m despite its revenue jumping by almost 50 per cent.
US inflation accelerates at fastest pace in over a year on surging gas prices September 13, 2023 The consumer price index increased by 0.6 per cent last month, the largest gain since June 2022, the Labor Department said on Wednesday. The CPI had risen 0.2 per cent for two straight months.
Almost 80 per cent of European financial services brace themselves for Generative AI impact October 25, 2023 Many firms still lack plans to train their workforce to adapt to Generative AI, despite reports of high numbers of financial services bracing for impact.
UK only G7 economy to shrink this year as IMF deals blow to Jeremy Hunt recession declinism criticism January 31, 2023 Britain will emerge as the “sick man” of the world’s richest countries this year, snatching the unwanted title of being the only G7 economy to contract in 2023, according to forecasts by the International Monetary Fund (IMF). The world’s economic watchdog has slashed its expectations for UK GDP again, now pencilling in a 0.6 per [...]
M&S slams ‘inaccurate’ report of looming job cuts at London head office April 2, 2023 High street retailer Marks and Spencer has dismissed a report that it will cut hundreds of jobs at its London head office as “simply inaccurate”. According to a report in The Sunday Times, the household name is expected to drastically downsize its head office in the capital as part of a slew of reforms brought [...]
UK borrowing surges to £13.5bn on energy price cap support November 22, 2022 UK borrowing surged over the last year due to the government partially covering the cost of household energy bills, official figures out today reveal. The UK’s debt pile swelled £13.5bn last month, up more than £4bn compared to October 2021, according to the Office for National Statistics (ONS). Although high, the figure was far below [...]
Why the Bank of England stayed hawkish on interest rates while the Fed was optimistic December 14, 2023 The Bank of England has taken a more hawkish stance than its US counterpart on future interest rate cuts, after opting to leave them at a 15-year high of 5.25 per cent for the third time in a row. The central bank’s Monetary Policy Committee (MPC) said “key indicators” of inflation were still elevated, despite [...]
RMT announces second day of rail strike for 8 October September 22, 2022 The union RMT has announced a second day of rail strike for 8 October. More than 40,000 workers at Network Rail and 15 other operators will walk out as part of the long-standing dispute over salaries, jobs and working conditions. Disruption will affect services on Chiltern Railways, Cross Country Trains, Greater Anglia, LNER, East Midlands [...]
FTSE 100 close: London powers into the green thanks to strong performance from Auto Trader and Astrazeneca November 9, 2023 Shares in Flutter sunk after it said it had experienced a downturn in its Australian business. Revenue fell 18 per cent year-on-year due to regulatory hurdles and a "challenging racing market".
Gatwick: Profits take off but airport warns on air traffic control issues in UK and France August 30, 2023 Gatwick has seen post-pandemic profits continue to climb but has warned disruption could slow down passenger rebound