By City & Finance Reporter Updated: 21:50 GMT, 3 November 2024 Unhappy: Mike Ashley has described fast fashion group Boohoo as ‘desperate’ Mike Ashley has described fast fashion group Boohoo as ‘desperate’ after it appointed an insider as chief executive – instead of him. Ashley, whose retail empire Frasers is Boohoo’s biggest shareholder, with a 27…
By Patrick Tooher Updated: 16:28 GMT, 3 November 2024 Donald Trump may not like it, but the US stock market does better under a Democratic president. However, staying invested no matter who is in the White House reaps the biggest rewards of all, new research shows. With the US presidential race too close to call,…
OBR warns Chancellor against using smoke-and-mirrors accounting tricks Watchdog highlights number of ‘fiscal illusions’ she could ‘exploit’ Budget has pushed borrowing costs to their highest level in a year By Patrick Tooher Updated: 11:18 GMT, 3 November 2024 That’s magic: The OBR has warned Rachel Reeves against using smoke-and-mirrors accounting tricks The independent Office for Budget…
There is an awful lot of hot air behind one growth area of the economy – and a good thing too. ‘Hair tech’ – the gadgets that curl or straighten our locks – is one in which Britain leads the world, and which promises export growth. We may not give it much thought as we…
By Hamish Mcrae Updated: 21:51 GMT, 2 November 2024 Seeing red: Chancellor Rachel Reeves This wasn’t meant to happen. Chancellor Rachel Reeves would of course have expected political attacks for her Budget and some corporate push-back. That’s fair stuff. But having onside the slightly grudging support of the Office for Budget Responsibility, plus words of…
World’s biggest economy added just 12,000 jobs in October Lowest level for nearly four years, and far short of 113,000 economists expected Last major set of economic data before presidential election By John-Paul Ford Rojas Updated: 12:19 GMT, 2 November 2024 Worse than expected US jobs figures yesterday added to market turmoil in Britain sparked…
By Jessica Clark Updated: 21:50 GMT, 1 November 2024 Strong sales: Sabrina Carpenter Universal Music shares jumped yesterday after it beat revenue expectations. Strong sales from the recording giant’s artists, such as Taylor Swift and Sabrina Carpenter, helped to push sales to £2.4billion in the third quarter, a 4.3 per cent increase compared to a year…
By Calum Muirhead Updated: 21:50 GMT, 1 November 2024 Investigation: Crispin Odey Disgraced Crispin Odey faces an unlimited fine and a possible ban from the City after a watchdog’s probe into his handling of sexual misconduct allegations. The Financial Conduct Authority (FCA) said the hedge fund tycoon had deliberately tried to frustrate an investigation into…
By Jon Hopkins Updated: 14:01 GMT, 1 November 2024 Investors in Smith & Nephew were knee-capped after the orthopaedic firm slashed its full-year sales guidance on weaker-than-expected trading in China. The FTSE 100-listed firm now anticipates full-year sales growth of 4.5 per cent, not 5 per cent to 6 per cent. Sales in the third-quarter were…
The S&P Global UK Manufacturing Purchasing Managers’ Index dipped to 49.9 A score above 50 indicates growth, while all numbers under denote contraction By Harry Wise Updated: 13:52 GMT, 1 November 2024 UK factory activity contracted last month following a drop in new orders ahead of the Labour Government’s first budget, data shows. The S&P…
