UK slumps to bottom of G7 economy league next year, OECD predicts November 22, 2022 The UK economy will languish behind its rich counterparts next year amid a tough inflation surge driven by worker shortages and an “untargeted” energy support package, a new report reveals. Britain’s economy will shrink 0.4 per cent next year, the worst performance of any country in the G7, according to the Organisation for Economic Co-operation [...]
UK sinks to bottom of G7 growth league amid global economic downturn July 26, 2022 The global economy could be hurtling toward one of the sharpest slowdowns in recent memory, with the UK plummeting to the bottom of the G7 growth league, the International Monetary Fund (IMF) warned today. A full shut off of Russian gas flows to Europe and more upside inflation shocks would plunge growth into among the [...]
More than two thirds of all British businesses face an acute skills shortage resulting in trading hit or stalled growth June 29, 2022 More than three quarters of UK firms have said they are seeing trading hit or growth stalled amid intensifying skills shortages. The Open University’s annual Business Barometer report, which was conducted in partnership with the British Chambers of Commerce (BCC) this year, found that more than two thirds (68%) of small to medium-sized enterprises (SMEs) [...]
Cazoo cuts 750 jobs to save more than £200m by end of next year June 7, 2022 Online car retailer Cazoo has announced it will cut 15 per cent of jobs to save more than £200m until the end of next year. Under its business realignment plan, the company will axe 750 UK and EU positions, cutting vehicle preparation as well as customer support sites. Cazoo’s focus will instead be driving its [...]
FTSE 100 today: British blue-chip index set for subdued start amid cautious US Fed comments May 21, 2024 Asian markets dipped. Oil prices fell, gold stayed near highs, and Australia's BHP Group surged. Focus on Fedspeak and BOE's Andrew Bailey.
Unlikely victim: Energy crisis pushes tissue maker Accrol into strategic review January 12, 2022 Tissue maker Accrol is to undergo a strategic review after a ‘significant’ jump in energy costs, making it an unlikely victim of the UK’s energy crisis. The group has also been battling rising inflation, which has hiked the price of pulp and made its supply chains more costly. The news pushed investors to pull out [...]
Bank of England to usher in new era of higher interest rates after sending them to near 15-year high today May 11, 2023 The Bank of England will rip up the monetary policy order of the last decade and keep interest rates far above their post-financial crisis rock bottom levels over the coming years, new forecasts out today claim. UK borrowing costs are on course to top four per cent for the whole of this year and next [...]
Why It Doesn’t Pay To Be A Woman In Finance June 28, 2023 From cupcakes on International Women’s Day to marketing campaigns that shine a light on female employees making their mark, many organisations are paying lip service when it comes to addressing the gender pay gap in the UK, yet doing very little to offer real equality in the workplace. It’s even more pronounced for women working [...]
Sadiq Khan hammers Hunt for slashing support for businesses grappling with sky-high energy bills January 9, 2023 Sadiq Khan has urged Hunt to reconsider its plan to drastically cut support in energy bills, fearing an uncertain future for businesses.
Superdry and Dr Martens shares tank on London exits and fears for the future April 16, 2024 Shares in Superdry tanked by over 33 per cent following an announcement by the company that it would bid adieu to the public market as part of a scramble to stay alive.