Mortgage and inflation rates in Britain have normalised over recent months Ibstock has noted ‘indications of an improvement’ in new-build residential levels By Harry Wise Updated: 11:43 BST, 17 October 2024 Early signs of stronger housebuilding volumes will not immediately result in higher sales of building materials products, Ibstock has cautioned. The brickmaker noted ‘some…
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…
By Daily Mail City & Finance Reporter Updated: 22:00 BST, 16 October 2024 Sales slump: EVs coming off financing agreements have been found to be worth less than the loans used to pay for them Electric vehicle (EV) buyers are being plunged into negative equity in the latest sign that the switch to greener cars…
Vertu revealed its adjusted pre-tax profits plummeted by around 25% to £23.5m Profits were hurt by the national minimum wage hike and increasing staff levels By Harry Wise Updated: 12:35 BST, 16 October 2024 Bristol Street Motors owner Vertu Motors saw profits fall as expected in the first half as the dealership group suffered higher…
By Live Commentary Updated: 07:47 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…
By John-Paul Ford Rojas Updated: 22:05 BST, 15 October 2024 Total public debt across the world will top $100 trillion (£77 trillion) for the first time by the end of this year, according to a stark forecast by the International Monetary Fund (IMF). As Rachel Reeves struggles to make her Budget numbers add up, the…
Around 87% of Hargreaves investors voted in favour at a general meeting Based in Bristol, Hargreaves is the UK’s largest retail investment platform By Harry Wise Updated: 16:20 BST, 15 October 2024 Hargreaves Lansdown shareholders have overwhelmingly approved the investment firm’s £5.4billion takeover by a private equity-led consortium. Around 87 per cent of the group’s…
By Live Commentary Updated: 10:31 BST, 15 October 2024 Wages grew at their slowest pace in more than two years in the three months to August as vacancies fell, fresh data from the Office for National Statistics shows. Average weekly earnings before bonuses were up 4.9 per cent for the period, in-line with forecasts and…
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) –…
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…
