Square Mile and Me: PensionBee’s Romi Savova on her extraordinary career September 7, 2023 Each week we ask the City's movers and shakers about their time in the Square Mile - today it's Romi Savova, founder and CEO of fintech darling PensionBee
Can Asos fight back against Shein and Temu in the market it once dominated? September 30, 2024 To say that investors have lost confidence in Asos may be something of an understatement: its share price has plummeted since April 2021, to the tune of about 90 per cent. The stock resembles a playground slide, dotted with small cliffs that correspond to profit warnings, news of a slump in sales, or lowered guidance. [...]
Sunak’s hands off approach won’t make electric vehicles more affordable in 2035 September 22, 2023 The auto industry want to make the prohibitively expensive Tesla the outlier, they’re now doing it without the backing of government.
Rolls-Royce, Airbus pen deal with Air India for 250 planes in boost for UK manufacturing February 14, 2023 Rolls-Royce and Airbus have signed multi-billion pound deal to build 250 new planes for Air India, which is set to create hundreds of new jobs in the UK. The wings will be designed in Filton and assembled in Broughton, creating 450 manufacturing jobs and bringing in more than than £100m of investment to Wales. Meanwhile, [...]
Bank of England to hike interest rates for 12th time in a row and forecast falling inflation May 9, 2023 The Bank of England is poised to intensify the strain on households and businesses’ finances by hiking interest rates for the 12th time in a row this Thursday in a bid to bring down inflation, City analysts are betting. Threadneedle Street’s nine-member Monetary Policy Committee (MPC), the group tasked with setting official borrowing costs in [...]
Businesses raise concerns over the cost of net zero amid energy crisis June 23, 2022 Nine in ten businesses are concerned about costs of funding the transition to net zero amid a spike in energy prices according to research from Npower.
FTSE 100 today: London markets set to open lower as global sentiment deteriorates June 17, 2024 Asian stocks fell due to weak Chinese data and concerns over a political crisis in France. Focus on the Bank of England's policy decision.
Why Suez Canal disruption may not have a huge impact on inflation January 15, 2024 Disruption in the Suez Canal has caused widespread concern over the impact on inflation. However, the cause of those fears might not be justified.
Netflix to launch new ad tier for £4.99 next month to win back subscribers October 13, 2022 Netflix has confirmed that its new basic ad-supported offering will launch next month, setting more frugal Brits back £4.99 a month. The new option will be an addition to existing plans, but will mean users who want to save a bit of cash will have to watch an average of four to five minutes of [...]
Can online favourite Ocado make a comeback, or will its share price sink lower? March 28, 2023 Ocado’s share price fell nearly six per cent in afternoon trade as the “magic” of the online retailer’s venture with Marks and Spencer did little to buoy the confidence of investors In its start of year trading update Ocado revealed that retail revenue grew slightly by 3.4 per cent, although a 7.5 per cent decrease [...]