Business downturn fuels recession fears, as PMI index weakest since 2021

Business downturn fuels recession fears, as PMI index weakest since 2021

Business downturn fuels recession fears, as PMI index weakest since 2021 By John-Paul Ford Rojas Updated: 11:13 BST, 23 September 2023 Britain’s private sector is shrinking at the fastest pace since the nation was in lockdown – adding to fears of a recession. The monthly purchasing managers’ index (PMI) for September delivered the weakest reading … Read more

Could Britain follow Italy with controversial bank windfall tax?

Could Britain follow Italy with controversial bank windfall tax?

While households struggle with historically high inflation and eye-watering borrowing costs, Britain’s banking industry is enjoying bumper profit growth.  HSBC last week posted half-year earnings growth of more than 144 per cent to $16.9billion, following rivals Lloyds, Standard Chartered and NatWest Group, which all revealed double-digit earnings expansion. The results triggered a torrent of criticism … Read more

UK economy is resilient but more rate hikes are on the way

UK economy is resilient but more rate hikes are on the way

UK economy is resilient but more rate hikes are on the way Stronger-than-expected economic growth increases chances of more rate rises  Worries hit trading in the Square Mile, with the FTSE 100 dropping 1.2%  Bank of England is predicted to hike rates at its next meeting  By Calum Muirhead Published: 21:50 BST, 11 August 2023 … Read more

BUSINESS LIVE: Bank of England expected to hike base rate

BUSINESS LIVE: Bank of England expected to hike base rate

LIVE BUSINESS LIVE: Bank of England expected to hike base rate By Live Commentary Updated: 07:48 BST, 3 August 2023 The Bank of England’s Monetary Policy Committee is expected to hike interest rates later today. Market pricing is currently leaning towards a 25 basis point hike to 5.25 per cent, but some forecasters predict the … Read more

BUSINESS LIVE: Aston Martin electric vehicle deal; AB Foods profits

BUSINESS LIVE: Aston Martin electric vehicle deal; AB Foods profits

BUSINESS CLOSE: Aston Martin agrees $232m electric vehicle deal; Cineworld to file for administration; AB Foods lifts profit expectations By Live Commentary Updated: 17:19 BST, 26 June 2023 Share or comment on this article: Some links in this article may be affiliate links. If you click on them we may earn a small commission. That … Read more

Revolution Beauty co-founder steps down as it slumps to a loss

Revolution Beauty co-founder steps down as online retailer slumps to a loss after audit probe scandal Tom Allsworth has resigned from his position as non-executive chairman An audit probe had found him and former CEO Minto made undisclosed loans  Revolution Beauty overstated profit by around £23m and revenues by £9.6m By Camilla Canocchi for Thisismoney.co.uk Updated: … Read more