Luxury retailer Julian Charles forced into the red by rising costs January 24, 2024 Rising costs forced luxury bedding and homewares retailer Julian Charles into the red during its latest financial year.
Hopes of lower interest rates fuel construction sector optimism amid housebuilding resurgence March 6, 2024 The overall construction PMI rose to 49.7, up from 48.8 in January, its highest level since August 2023 and only marginally below the neutral 50-mark.
Super Bowl LVIII ads are a reminder of how the industry can do better February 10, 2024 The Super Bowl shows us why advertisers should be holding themselves to a higher level throughout the year, argues Rowenna Prest, chief strategy officer at advertising services firm Joint. The Super Bowl is one of the most watched sporting events in the world and by far the biggest TV moment in the US. According to [...]
UK ahead of EU as bloc likely to ‘slip into recession’ September 7, 2023 The UK grew ever so slightly faster than the EU in the second quarter as falling exports brought growth in the bloc to a near standstill.
Rishi Sunak: Wealthy will be spared from post-pandemic tax raid May 5, 2021 Wealthy families will escape a post-pandemic tax raid earmarked to boost the economy, Rishi Sunak has suggested, as the chancellor praised Britain’s already “very progressive tax system”. Sunak said yesterday that he is “cautiously optimistic” about an upswing in economic growth, as Brits prepare to spare pent-up cash alongside the relaxing of lockdown restrictions. Speaking [...]
FCA calls on credit raters to boost checks amid unaffordable loan fears November 22, 2022 The UK’s financial watchdog has called on credit rating firms to boost their credit checks on customers today amid fears that lenders are dishing out loans to borrowers based on patchy information.
Wall Street rises on retail boost as jobs data helps FTSE 100 tick up May 18, 2021 Wall Street opened marginally higher this afternoon after better-than-expected retail results boosted optimism about rising consumer confidence. The Dow Jones ticked up 0.07 per cent at the open, while the S&P 500 edged 0.06 per cent higher. The tech-heavy Nasdaq gained 0.28 per cent at the opening bell. The modest gains came after Walmart and [...]
Federal Reserve governor says inflation declines in coming months could warrant rate cuts November 29, 2023 A US Federal Reserve governor said he is "increasingly confident" the central bank's interest rate will prove adequate to lower inflation.
London’s tourist tax: Struggling luxury brands LVMH, Mulberry and Burberry have other problems, too January 17, 2024 Mulberry has fallen out of fashion with investors as shares slumped over four per cent this morning, with the luxury retailers expressing growing concerns about flattening sales and the tourist tax. The British fashion house, best known for its leather handbags, has had around £3bn wiped off its market value in the last five months [...]
Ethos Ventures Group CEO message for 2024 January 11, 2024 By Hasan Raza In the face of a turbulent year marked by elections, war on two continents, and the aftermath of inflationary pressures, the economic landscape may appear uncertain in 2024. However, amidst the chaos, some things will remain constant in a number of economies across the world, not least the UK: people will continue [...]