By John Abiona Updated: 22:01 GMT, 18 December 2023 Oil prices rose after BP paused shipments through the Red Sea as a rebel group ramped up attacks on vessels in the region. Global freight firms have scrambled to reroute their ships in response to Yemen’s Houthi militants, who have wreaked havoc for weeks in a … Read more
Britain’s largest ten-pin bowling operator also owns Puttstars minigolf outlets Hollywood Bowl achieved a very strong result in July and record sales in August Rival Ten Entertainment recently agreed to a takeover by Trive Capital Partners By Harry Wise Updated: 13:41 GMT, 18 December 2023 Hollywood Bowl Group scored record revenue last financial year as … Read more
By Jessica Clark Updated: 21:50 GMT, 17 December 2023 The world’s biggest unicorn companies have suffered an £8billion slump in value this year, with retailers seeing the biggest drops as households struggled with the cost-of-living crisis. Research showed the total value of the top 100 unicorn firms – which are private companies with a valuation … Read more
Heathrow Airport expects 81.4m travellers in 2024, a 2.9% rise on this year But the travel hub forecasts turnover next year dropping by 6.1% to £3.45bn Passenger numbers jumped by 30% to 72 m in the first 11 months of 2023 By Harry Wise Updated: 18:41 GMT, 17 December 2023 London Heathrow expects revenue and … Read more
By Patrick Tooher Updated: 09:35 GMT, 17 December 2023 Over cautious?: Andrew Bailey initially dismissed inflation as ‘transitory’ before embarking on a series of 14 rate rises in a row Bank of England governor Andrew Bailey faces another test of his credibility this week when new figures are expected to show inflation is being tamed. The … Read more
Rio Tinto has been dragged into a high-stakes trial pitting the billionaire descendants of Australia’s mining pioneers against each other. Lawyers for the Anglo-Australian firm have been in the state’s Supreme Court seeking to fend off claims over billions of dollars in iron ore royalties that flowed from discoveries made as far back as the … Read more
By Live Commentary Updated: 13:29 GMT, 14 December 2023 The Bank of England’s Monetary Policy Committee has voted to hold base rate at 5.25 per cent by a margin of 6 to 3. Three MPC members voted for a hike to 5.5 per cent. The FTSE 100 is up 1.7 per cent in afternoon trading. … Read more
By Jessica Clark Updated: 02:27 GMT, 14 December 2023 In the money: Impellam’s chairman Lord Ashcroft (pictured) Tory donor Lord Ashcroft will collect nearly £300million after his recruitment company Impellam was sold to Dutch rival Headfirst for £482million. Ashcroft said he was ‘delighted’ with the deal to sell a firm he founded in 2008. The … Read more
By Leah Montebello Updated: 17:32 GMT, 12 December 2023 The number of passengers flying through Heathrow is just 2 per cent below pre-pandemic levels as travel continues to bounce back. Europe’s busiest airport revealed 6.1m travellers jetted in and out of its terminals in November – only slightly below the 6.2m that flew in the … Read more
Cuba conjures up images of big cigars, classic American cars, revolution, rum and Fidel Castro. What the Caribbean island is less well known for is coffee. Once one of the world’s biggest producers, coffee growing has slumped since US President John F Kennedy imposed an economic embargo on Castro’s pro-Soviet regime in early 1962 – … Read more
