Hargreaves Lansdown profits surge despite ‘challenging’ conditions spooking investors September 19, 2023 Hargreaves Lansdown topped the City’s profit predictions for the year today despite “challenging” market conditions triggering a sharp fall in the amount of cash flowing into its platform over the past 12 months.
Retail sector pins hopes on King’s coronation to lift sales April 12, 2023 Shoppers put cost of living fears behind them as they splashed out on Mother Day gifts in March, helping to slightly boost retail sales, but damp weather and soaring inflation has left the sector holding out for the King’s coronation in May to see a “larger uptick” in sales. According to data by the British [...]
‘The last thing commuters need’: London business groups slam rail fare hike August 16, 2023 London business groups have slammed a significant government hike in rail ticket fares set to hit commuters next March. The Department for Transport (DfT) has committed to ensuring any fare increase falls below the nine per cent rise in the Retail Price Index (RPI) inflation measure, announced by the ONS on Wednesday morning. Regulated rail [...]
Cash still king in the City compared to rest of London but amount withdrawn almost halves July 13, 2023 Westminster and the City remained London’s biggest centres for cash withdrawals but saw a near halving in the amount of cash withdrawn over the past four years. According to figures from LINK, which operates the interbank network, the amount of cash withdrawals from the City and Westminster fell to £55m in May 2023, 49 per [...]
Redundancies dip by a third but gloomy outlook may mean rise is ‘inevitable’ October 11, 2022 The number of redundancies in the UK has defied doomsayer’ predictions and dropped a third in the last quarter, but a gloomy outlook means a rise is expected in the near future. Employment law firm GQIlitter reported there has been a 32 per cent drop in workers being let go, falling fro 53,000 to 36,000. [...]
UK house prices hit average of £294,845 in largest growth spurt since 2004 July 7, 2022 House prices leaped in June in the largest increase of monthly growth since 2004, hitting an average of £294,845 after months of declining growth. Climbing ever-closer to the £300,000 mark, house prices jumped 1.8 per cent in June, after climbing one per cent in May, when the average cost of a home was £289,099, according [...]
Heathrow: UK-US flights power summer travel surge – but it’s STILL 200,000 behind pre-pandemic levels July 11, 2023 Heathrow Airport reported seven million passengers passed through the hub last month thanks to UK-US flights, a massive uptick on last year but still 200,000 behind pre-pandemic levels. The figure, which comes as airports and airlines are in full swing with summer travel, still falls short of the equivalent month pre-pandemic – but marks a [...]
Crown Paints expects profits to bounce back after ‘dismal performance’ January 11, 2024 Crown Paints has said high raw material prices contributed to its "dismal performance" which also forced it to cut jobs.
Rail Partners calls for government to give operators more freedom November 29, 2022 Rail Partners has called for the government to give train operators more freedom to attract back customers. According to the rail association, the current system – introduced during the pandemic and based on contracts instead of franchising – needs to evolve through an increase harnessing of the private sector. Rail Partners has called for a [...]
Porsche sees jump in profit and sales as luxury brands float above recession fears May 3, 2023 Porsche, the German-based car manufacturer, reported a 25 per cent jump in its profit this quarter as luxury car demand remains unperturbed amid a gloomy global economy. The luxury car marque saw its operating profit jump 25.4 per cent to €1.8bn (£1.59bn), beating analysts’ predictions, while sales rose 25.5 per cent in the first quarter [...]