Welcome! Surprisingly, inflation has decreased just as the Bank of England gears up to announce its next move on interest rates. According to the Office for National Statistics, the consumer prices index rose to 6.7% in August, up from 6.8% the previous month. 5 captivating stories to kickstart your day 1) Sunak faces fresh inflation …
Thank you for joining us. A recent survey from Lloyds has revealed that bosses are currently facing a significant decrease in demand, comparable to levels experienced during the pandemic and in the aftermath of the global financial crisis. This decline comes as businesses anticipate a potential 15th consecutive increase in interest rates by the Bank …
Join me as we explore the latest developments surrounding Britain’s biggest steelworks. Today, Tata, the Indian conglomerate that owns Port Talbot steelworks in south Wales, is set to announce the future of its operations. The government is prepared to inject £500m to support the production of “greener” steel. Tata has been engaging in discussions with …
Thank you for joining me. John Lewis attributes the two-year delay to its five-year turnaround plan to “inflationary pressures.” Additionally, the retailer has reported another loss for the first six months of its financial year. Start Your Day with These 5 Things 1) BP board facing questions over handling of Bernard Looney’s relationships with staff …
Welcome and thank you for joining us. The UK economy took a hit in July, as new data from the Office for National Statistics (ONS) reveals a 0.5% contraction in gross domestic product (GDP). This comes as a surprise following recent indicators that suggested the UK was performing better than expected. Get Started with These …
Thanks for joining me. Today, we’ll be discussing the triple lock and the latest employment figures from the Office for National Statistics that shed light on it. In April next year, the state pension is projected to increase by 8.5% in accordance with the growth in average earnings over the three months leading to July. …
Walgreens, the US pharmacy giant, has reached a settlement of $44m (£35m) to address legal claims from consumers affected by the Theranos scandal. Theranos, an American blood testing company, offered finger-prick tests to Walgreens customers in stores in Arizona and California, claiming that these tests could identify hundreds of illnesses. However, Theranos’s “Edison” blood testing …
Thank you for joining me. The Halifax house price index reveals a significant decline in house prices, with a 4.6% drop in the year ending August. This decline is the steepest since 2009, leaving average property values at £279,569, down from £285,044 in July. 5 intriguing updates to kick-start your day 1) Bank of England …
Thanks for joining me. Britain’s largest housebuilders have revealed a significant decline in profitability and house completions as consumers face challenges due to rising interest rates. Barratt Developments experienced a 16.2% drop in its adjusted annual pre-tax profits to £884.3m due to decreased mortgage affordability. 5 things to start your day 1) Saturday post ‘under …
Thank you for joining me. The CEO of BMW has issued a warning about a potential battle that European car manufacturers may face against China. This concern arises as the European Union moves forward with its ban on petrol cars. In February, the European Parliament voted to pass a new law that would prohibit the …