By Live Commentary Updated: 14:08 BST, 22 October 2024 UK government borrowing hit £16.6billion last month, well ahead of Office for Budget Responsibility projections of £15.1billion and marking the third highest borrowing figures for September on record. However, the reading was below City forecasts of £17.5billion for the month. The FTSE 100 is down 0.7 … Read more
By John-Paul Ford Rojas Updated: 22:02 BST, 21 October 2024 Interest rates will fall to 2.75 per cent over the course of the coming year in a boost for millions of borrowers, Goldman Sachs has predicted. Economists at the Wall Street giant believe the Bank of England will cut more sharply than suggested by market … Read more
Hospitality trade urging Rachel Reeves to halt a quadrupling of business rates Worries that High Street investment will be curtailed Concerns about employment opportunities and higher levels of business failure By Emily Hawkins Updated: 21:54 BST, 20 October 2024 The bosses of 170 major pub and restaurant chains have urged the Chancellor to prevent a … Read more
BP has lagged UK rival Shell and US giants Chevron and ExxonMobil By Jessica Clark Updated: 14:39 BST, 19 October 2024 Pressure: Murray Auchincloss BP is considering selling a minority stake in its offshore wind unit as the British energy giant continues to scale back its green agenda. The London-listed oil major is on the hunt … Read more
John Lyttle revealed he will step down after five years running Boohoo Analysts say break-up of the empire is on the cards By Emily Hawkins Updated: 10:39 BST, 19 October 2024 Boohoo fired the ‘starting gun’ on the break-up of the company as its boss quit. The online fashion group announced a review that throws … Read more
By Daily Mail City & Finance Reporter Updated: 22:00 BST, 16 October 2024 Turnaround: Marks & Spencer boss Stuart Machin A third of households now buy their food shopping at Marks & Spencer as its turnaround gathers pace. In a vote of confidence for boss Stuart Machin, research group NIQ said 33 per cent of households … Read more
By Live Commentary Updated: 15:10 BST, 16 October 2024 Consumer price inflation eased more quickly than expected in September, falling from 2.2 to 1.7 per cent, data from the Office for National Statistics shows. Last month’s inflation reading was below market expectations of 1.9 per cent and boosts the case for further Bank of England … Read more
By John-Paul Ford Rojas Updated: 22:04 BST, 14 October 2024 Rachel Reeves hailed £63billion of investment announced at a global business summit yesterday as she declared Britain was ‘open for business’. Eye-catching deals included four US firms ploughing £6.3billion into UK data centres – which are key to the roll-out of artificial intelligence (AI) – … Read more
BP has lagged UK rival Shell and US oil giants Chevron and ExxonMobil They have all doubled down on fossil fuels while BP has focused on renewables Shareholders have been underwhelmed by the green strategy By Jessica Clark Updated: 17:12 BST, 14 October 2024 An activist investor has launched a scathing attack on BP and … Read more
By John-Paul Ford Rojas Updated: 00:05 BST, 14 October 2024 Retail, leisure and hospitality firms across England are facing a £2.66billion ‘cliff edge’ when a pandemic-era tax break ends next April, experts warned. Shops, pubs, hotels, restaurants, cinemas and gyms will be among those to be hit when a 75 per cent discount on business … Read more
