London businesses sweat over looming recession and sticky inflation November 30, 2022 London businesses are sweating over the coming recession and sticky inflation, but they are still among the most confident in the UK, a new survey out today reveals. Optimism among the capital’s firms slumped 27 points over the last month to 22 per cent, one of the biggest falls on record, according to Lloyds Bank’s [...]
Persimmon profit falls as spring site closures dent builder March 3, 2021 Housebuilder Persimmon said that its profit fell about a quarter in 2020 as a result of the coronavirus pandemic. The FTSE 100 firm reported profit of £783.8m over the last 12 months, down from £1.04bn in 2019. Despite the fall, shares in the firm rose 2.9 per cent after the open, as traders welcomed optimistic [...]
Persimmon: Builder ups guidance amid ‘positive momentum’ on planning reform August 8, 2024 Housebuilder Persimmon has said it would build 10,500 homes this year—at the top end of its guidance— and has outlined plans to boost construction next year as Labour’s planning reforms start to take shape. In its half year results for the six months ended 30 June 2024, Persimmon said it completed 4,445 new, up by [...]
‘Not a great look for UK PLC’: Sunak watering down green pledges ‘undermines’ UK investment September 20, 2023 Rishi Sunak's watering down on green pledges on boilers and motor vehicles risks UK investor confidence, warned industry bosses.
US inflation rises slightly. Will the Fed hike rates again? August 10, 2023 Inflation rose to 3.2 per cent in the year to July, according to official statistics out today, up from 3.0 per cent last month.
Car industry plan could create 80,000 jobs, Labour says October 10, 2023 Labour have unveiled their plans for the car industry which they say could create 80,000 jobs, Jonathan Reynolds has said.
GSK: British drugmaker raises profit and sales guidance after earnings beat expectations July 26, 2023 GSK raised its full-year profit and sales guidance on Wednesday after its second-quarter earnings beat expectations, helped by strong sales of its shingles vaccine Shingrix and HIV medicines. The strong results may further help revive investor confidence in CEO Emma Walmsley, coming a year after the company spun off its consumer health business, Haleon, in its most [...]
China faces uphill battle for recovery amid mixed economic data June 17, 2024 China faced several economic challenges in May, notably with industrial output growth falling short of expectations.
Halfords share price soars as retailer’s motoring offering woos cash-strapped Brits April 18, 2023 Halfords‘ share price soared over eight per cent this morning as the motoring and cycling giant revealed its sales could top £1.9bn. The Birmingham headquartered retailer, which has seen its shares slide 30 per cent in the last year, said it expected pre-tax profits to come in at around £90m to £110m, up from £50m [...]
US economy: Third-quarter growth revised up to 5.2 per cent – but momentum waned November 29, 2023 The economy grew at a 2.1 per cent pace in the April-June quarter and is expanding at a pace well above what Federal Reserve officials regard as the non-inflationary growth rate of around 1.8 per cent.