Cascade of ‘cheerless’ economic news weighs on consumer confidence October 22, 2021 A cascade of “cheerless” news about the health of the UK economy has caused consumer confidence to plummet. Severe petrol and food shortages, compounded by soaring energy costs and wider inflationary pressures has engineered a cost of living crisis in the UK and stalled the economic recovery. As a result, consumer confidence slid to minus [...]
On the Beach sales beat pre-pandemic levels as Brits grab suitcases and passports May 24, 2022 On the Beach saw sales soar in the first half of the year, up 322 per cent from 2021, and six per cent compared to pre-pandemic figures.
Treasury-backed fintech body calls in open banking chief as chair November 8, 2022 A government-backed body set up to boost the country’s fintech sector has appointed industry grandee Charlotte Crosswell as its chair today, as it readies to start operations following a £5.5m Treasury funding commitment last year.
Watchfinder chief: “If it doesn’t feel right, we go with our gut” September 26, 2023 Building a second-hand platform for watches is tough enough. But Arjen van de Vall of Watchfinder & Co is a crimefighter, too.
No more staycations: End of UK travel rules boosts half-term holiday abroad February 11, 2022 The scrapping of post-arrival tests for fully vaccinated has given a huge boost to Brits’ confidence to travel abroad. According to data released today by travel association ABTA, around 833,000 people will go on holiday abroad this half-term, choosing Turkey, Portugal as well as sky resorts in France and Italy as their preferred destinations. Following [...]
UK building firms’ confidence plummets on Russia-Ukraine war April 6, 2022 Existing supply chain disruption intensified by Russia’s invasion of Ukraine has eroded confidence in the UK construction sector to its lowest level in around a year and a half, reveals a closely watched survey released today. Swelling raw material costs, elongating delays in sourcing components and higher staffing bills all compounded to spike optimism among [...]
FTSE 100 boosted as oil majors and miners buoyed by rising crude prices June 6, 2022 London’s FTSE 100 opened higher on Monday as gains for miners and oil majors buoyed the index. The capital’s premier index was up one per cent after an extended weekend due to Platinum Jubilee celebrations. The mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, opened 1.2 per [...]
FCA to swoop on City’s asset managers over misleading ESG investment August 10, 2022 The UK’s City watchdog is poised to swoop on asset managers if they promote “misleading” sustainable investments, as it prepares to ramp up its scrutiny of the ‘environmental, social and governance’ (ESG) label.
FTSE 100 today: London markets to open lower on weak Asian cues, focus on elections July 2, 2024 Asian markets mixed amid Trump re-election speculation, yen near 38-year low; Eyes on French election deadline and US Jolts.
Aston Martin share price soars after Chinese car giant Geely doubles stake to 17 per cent May 18, 2023 Aston Martin shares soared by more than 12 per cent this morning after Chinese automotive group Geely said it will increase its shareholding to 17 per cent with an investment of £234m. The investment will see Geely almost double its stake in the marque, becoming its third biggest shareholder, just behind Lawrence Stroll’s Yew Tree [...]