Food prices continue to skyrocket despite easing UK shop inflation January 4, 2023 UK inflation is beginning to ease, but food prices are still accelerating at one of the fastest paces on record, new research out today shows. Annual shop price inflation, calculated by the British Retail Consortium (BRC) and NielsenIQ, dropped slightly to 7.3 per cent last month from 7.4 per cent in November. Despite the drop, [...]
FTSE 100 today: London markets poised for green start as Israel-Iran tensions ease; focus turns to ‘Magnificent Seven’ earnings April 22, 2024 Global markets saw a significant turnaround, with Asian stocks rebounding strongly while oil and gold prices dipped. Bitcoin, on the other hand, surged by 3 per cent. Investors are eagerly awaiting earnings reports from the "Magnificent Seven" companies and aviation giants Boeing and Airbus, making this a pivotal week.
Calm before the storm? Private equity deals come roaring back after subdued start to the year April 25, 2023 Private equity deals in the UK slumped to their lowest level since 2020 in the first quarter of the year - but analysts are predicting it may just be the calm before the storm.
888: Finance boss quits as betting giant’s revenue is down January 13, 2023 Betting giant 888’s finance boss announced today he will step down as the betting giant’s revenue lag slightly behind last year’s levels. Yariv Dafna will step down in March after two and a half years at the company’s helm. The group – which owns retail and online brands such as William Hill, 888 and SI [...]
Tesco prepares its quarterly results as UK competition regulator circles supermarket June 11, 2023 Tesco is set to report its first quarter trading results on Friday as the UK’s competition regulator circles the country’s largest supermarket chain over concerns about its pricing strategies. Last week, it emerged that consumer goods champion Which? had reported Tesco to the Competition and Markets Authority (CMA) over claims that it does not display [...]
UK economy: Flat services sector could ease fears of more interest rate hikes although recession fears still loom April 5, 2023 The British services sector continued its recovery from recent woes as it expanded again in March, although more slowly than in February meaning recession still stalks the UK economy. The S&P Global/CIPS UK services PMI survey showed a reading of 52.9 last month, down from a score of 53.5 in February. Experts had forecast that [...]
Covid variant, China invasion of Taiwan and more inflation: What shocks will 2023 bring? January 8, 2023 A new Covid-19 variant that escapes vaccines is among the biggest risks threatening to sharpen the UK recession, City economists surveyed by City A.M. suspect. Asked what wildcard trends could spring up to hit the economy this year, experts warned another deadly strain of the virus spreading is one of the biggest headwinds that would [...]
Oil rises above $80 per barrel for first time since April as IEA predicts record demand July 13, 2023 Oil prices are hovering above $80 per barrel for the first time since April, with the International Energy Agency predicting record demand growth.
Willie Walsh: Airlines to post £3.8bn profit next year December 6, 2022 Global airlines are set to return to black next year, said aviation veteran Willie Walsh. According to the International Air Transport Association (IATA), carriers are set to post a collective net profit of $4.7bn (£3.8bn) as more than 4 billion passengers will travel worldwide next year. “That is a great achievement considering the scale of [...]
British American Tobacco investors hope to cash in on pivot to vape sales June 2, 2023 Investors will be hoping Lucky Strike maker British American Tobacco (BAT) has stubbed out historic misconduct issues and is cashing in on its pivot to vapes and e-cigarettes. The FTSE 100-listed giant will give an update on its progress with a new boss at the helm when it unveils its trading update on Tuesday. The [...]