‘A long way to go’: Fed chief signals possible interest rate hike November 10, 2023 Jay Powell said he is 'not confident' that the fight against inflation is won, hinting at the need for a further Fed interest rate hike
Here’s what’s moving the FTSE 100 and global markets this morning November 10, 2023 Treasury yields climbed as Fed Chair Jerome Powell hinted at the possibility of prolonged higher rates, contributing to a decline in global stocks. The Reserve Bank of Australia cautioned about inflation risks, and a ransomware attack on China’s ICBC disrupted Treasury market trades. The spotlight shifts to UK GDP data and comments from ECB President [...]
Evri invests £46m in customer service improvements ahead of Christmas November 10, 2023 Delivery giant Evri has said it is investing £46m to boost its customer service and operations ahead of the busy Christmas period.
Former energy minister refuses to back King’s Speech over oil and gas plans November 9, 2023 The Government has proposed the Offshore Petroleum Licensing Bill, which would mandate licences for oil and gas projects in the North Sea on an annual basis.
Science superpower? Plans for major £340m science park denied November 9, 2023 Controversial plans to turn part of a golf course into a £340m science park off Oxfordshire M40 have been refused by the planning authority.
Apple suffers setback in fight against EU’s £11.3bn tax order November 9, 2023 An EU tribunal made legal errors when it ruled in favour of Apple over a €13bn tax order, an adviser to Europe's top court has said.
Christmas ads by John Lewis, Sainsbury’s, M&S and Tesco bring festive spend to record £9.5bn November 9, 2023 AA commercial director Sharon Lloyd Barnes said: “Christmas advertising is an integral part of the festive season.
Astrazeneca raises earnings forecast despite evaporation of Covid vaccine demand November 9, 2023 For the third consecutive quarter, strong sales of AstraZeneca's blockbuster cancer treatments and healthy demand for its drugs in emerging markets offset the loss of sales of its COVID-19 vaccine and therapy.
Airbus earnings soar – but fail to rise above analyst expectations November 9, 2023 Airbus reported higher underlying third-quarter profit on Wednesday and raised its production targets going forward.
Light at the end of the turnnel in long-running rail strike dispute November 8, 2023 A breakthrough has been announced in the long-running dispute involving railway workers over pay, pensions and jobs.