FCA under pressure to block Shein listing over forced labour concerns June 26, 2024 The Financial Conduct Authority is under pressure to block the listing of fast-fashion giant Shein due to concerns over the company’s alleged use of forced labour in its supply chains.
FTSE 100 today: Blue-chip poised to end two-week winning streak amid global uncertainty July 19, 2024 Asian markets drop with Wall Street; oil prices fall; Japan inflation rises; Netflix exceeds subscriber targets; UK retail sales data next.
Bank of England expected to raise interest rates by 50 points to post financial crisis high of four per cent January 26, 2023 The Bank of England is set to hike interest rates 50 basis points to four per cent next week, jacking them up to the highest level since the financial crisis, markets expect. City traders reckon its governor Andrew Bailey will lift borrowing costs for the tenth time in a row, something the UK central bank [...]
Berkeley and Persimmon to reveal housebuilder pain of interest rate hikes March 10, 2024 UK housebuilders are set to shed light on the state of the fragile property market amid a number of key updates from firms next week. Shareholders are braced to see accounts for Persimmon, Berkeley and Vistry all show a fall in sales numbers after higher interest rates weighed heavily on activity last year. Interest rates [...]
Knight Frank: UK house price growth will peak as cost-of-living climbs April 13, 2022 UK house price growth is thought to have peaked and will begin its descent away from record figures as the cost-of-living crisis in the country swells, researchers at Knight Frank forecast. With runaway inflation and rising energy bills, the list of obstacles in front of house buyers has continued to grow exponentially since the pandemic. [...]
Impact of Bank of England interest rate hikes wanes as mortgage approvals rise April 30, 2024 Bank of England figures showed that net mortgage approvals climbed again to 61,300 in March, slightly above the 60,500 seen in February and roughly in line with economists' expectations.
Wet Wimbledon fails to dampen profits at All England Club as sales hit new record April 29, 2024 A rain-affected Wimbledon and continued cost-of-living concerns failed to impact profits at The All England Lawn Tennis and Croquet Club.
Energy security is a must, but UK’s absurd oil and gas bill won’t help January 24, 2024 The oil and gas bill is a misguided solution to the UK's energy woes; we must focus on renewables instead, writes Nigel Pocklington.
Transitory? UK inflation can’t be explained away by Bank of England’s easy answers February 20, 2024 Last week new figures on the UK economy suggested that something unusual is happening - inflation and unemployment are falling at the same time.
Supermarkets behaving badly: Asda and Morrisons bosses back ‘transparent’ fuel pricing model June 27, 2023 Supermarkets bosses have been grilled by MPs on prices at the pump and agreed to consider entering into a fuel model which would give more transparency. The government has been mulling a scheme whereby petrol stations would have to share live prices in efforts to bring more price transparency for drivers – a similar system [...]