FTSE 100 live: London index under pressure despite easing of UK recession woes February 10, 2023 The FTSE100 index was trading slightly lower, down 0.24 per cent, this morning despite the UK narrowingly avoiding recession. London’s premier index had fallen to 7,892.06 points – down from yesterday’s close – while the domestically-focused mid-cap FTSE 250 index was off 0.55 per cent. Standard Chartered’s shares fell nearly five per cent in early [...]
Flat packing in the USA: Ikea invests £1.7bn in stateside arm April 20, 2023 Ikea will invest €2bn (£1.7bn) into the US market, its biggest investment into a single market to date, as the home furnishings giant looks to capitalise on the current economic climate. The flat pack retailer said it plans to open eight new sites in the US alongside nine planning studios and order points, The Financial [...]
400 RMT workers at Hitachi to strike on Saturday until 1 February January 26, 2024 The RMT union, which is run by Mick Lynch, said its members on the route will walk out for five days, starting on the weekend.
FTSE 100 today: London set to open red as investors dial back rate cut bets, US inflation in focus April 10, 2024 Asian markets stayed subdued, while oil prices remained steady and gold prices rose. Boeing faced whistleblower allegations, and the New Zealand central bank kept rates unchanged. All attention now turns to the imminent release of the US Consumer Price Index (CPI) and the Federal Reserve's meeting minutes.
More retail misery as Brits’ spending shrinks to lowest level in three years June 4, 2024 May proved to be another miserable month for retailers, as cash-strapped Brits said no to treating themselves in the face of rising bills and unfavourable weather.
Policing minister and BRC say ignore call for ‘discretion’ prosecuting shoplifters May 19, 2022 The policing minister has urged officers not to let people off the hook if they steal food in order to feed their families amid a cost of living crisis. Kit Malthouse hit out at the “old-fashioned” thinking put forward by Andy Cooke, the new chief of HM Inspector of Constabulary, who said police should use [...]
The Co-op lowers prices as it eyes ‘golden era’ January 24, 2024 The Co-op has revealed plans to grow its membership to eight million by the end of the decade as it eyes a "golden era of co-operation".
Nottingham Building Society says soaring lending ‘aided by higher interest income’ boosted profits March 3, 2023 The historic Nottingham Building Society reported strong pre-tax profits driven by a surge in mortgage lending last year. Founded in 1849, the building society this morning announced group pre-tax profits of £18.9m, with underlying pre-tax profit of £15.2m. Despite the downturn in the housing market in wake of the disastrous mini budget, it said in [...]
Labour poll lead narrows as key local elections approach April 13, 2023 Labour’s poll lead has narrowed to just 14 points up on the Conservatives – with just three weeks to go until voters cast their ballots in local elections. Pollsters at think tank More in Common (MiC) found the Conservatives were on 30 per cent with Labour on 44 per cent, the narrowest lead recorded by [...]
Harry Potter publisher Bloomsbury benefits as Brits turn to books as affordable treat in cost of living crunch March 15, 2023 People turning increasingly to books as an affordable hobby in the cost-of-living crisis has helped Harry Potter publisher Bloomsbury hike its full-year profit outlook. The group – which is also the publisher behind Bake Off star Paul Hollywood’s latest cookbook Bake – said it was seeing surging demand for titles in print, ebook and audio, [...]