Financial distress soars in ‘extremely testing’ UK business environment July 22, 2024 Although consumer facing firms were hit the worst, levels of distress increased across 20 of the 22 sectors covered in the Red Flag Alert.
Aviva and Lloyds among City firms to back National Wealth Fund investment drive July 22, 2024 The Investment Delivery Forum, founded by seven of the UK’s biggest insurance and long-term saving firms, has pledged to pump billions of pounds into Reeves’ new wealth fund.
UK government borrows more than expected as debt pile grows July 19, 2024 The governement borrowed more than expected during the month of June.
Retail sales slump despite higher real wages July 19, 2024 Retail sales fell faster than expected with department stores particularly badly hit.
FTSE 100 today: Blue-chip poised to end two-week winning streak amid global uncertainty July 19, 2024 Asian markets drop with Wall Street; oil prices fall; Japan inflation rises; Netflix exceeds subscriber targets; UK retail sales data next.
Big-ticket ad campaigns are back as UK economy brightens July 18, 2024 Big-ticket advertising campaigns, including those on television and radio, are making a comeback as the UK's economy continues to improve.
Profit warnings falling amid improving economy but scars remain July 18, 2024 "We can expect the economy to continue to recover, but slowly and unevenly," Jo Robinson, a partner at EY said.
FTSE 100 today: London markets poised to open higher as UK job creation likely slows July 18, 2024 Asian stocks fell amid rising US-China trade tensions. Investors now await UK employment data, the ECB decision and AJ Bell's earnings.
King’s Speech: Starmer to ‘level up’ workers’ rights with employment reforms July 17, 2024 Sir Keir Starmer has pledged to “level up workers’ rights” via a series of employment reforms included in the King’s Speech.
Stubborn services prices to raise concerns as inflation remains at two per cent July 17, 2024 Speaking last week, Huw Pill, the Bank's chief economist, said persistence in wage growth and services inflation points to "uncomfortable strength in those underlying inflation dynamics”.
