Business Live - UK Business news, analysis & Thought Leadership
The Bank of England's latest interest rate decision is a sign of things to come The Bank of England's decision to cut its benchmark interest rate for a second time came as a surprise to many, but the central bank has been paving the way for the move for several months now. Former JP Morgan man leads acquisition of £3.5m stake in Atom Bank.
Consumer confidence dips as interest rate cut fails to lift gloom
4 hours ago · Consumer confidence has taken a hit in November after rising earlier in the year, with concerns that it may continue to decline into 2025. The S&P Global UK Consumer Sentiment Index (CSI) survey showed a decrease in overall confidence from 47.3 in October to 46.9 in November, with the neutral benchmark being 50, as reported by City AM.
Hybrid working is here to stay but needs better managing
10 hours ago · Yet, almost five years since the pandemic shut down the economy, hybrid working has become a significant part of work culture in the UK. According to the latest Opinions and Lifestyle survey from the Office for National Statistics, 28% of working adults are balancing time between the office and home. However, differences exist in who adopts ...
Autumn Budget 2024: West Midlands business leaders react
Oct 30, 2024 · Click through here for more Autumn Budget 2024 stories: - Rachel Reeves announces £40bn tax hike, addressing inherited economic challenges. - Chancellor announces £3 billion fuel duty freeze amidst economic challenges. - Rachel Reeves gives major HS2 and Transpennine upgrade updates in Budget. - Chancellor announces major investment in UK ...
UK economic growth slows in September - Business Live
3 days ago · More info. UK economic growth slowed between July and September relative to the previous quarter, according to official data, in a blow to Chancellor Rachel Reeves. The economy grew by 0.1% over the period, versus 0.5% growth between April and June, the Office for National Statistics (ONS) said.
Employment growth in UK SMEs plummets following Autumn …
6 days ago · Employment growth within Britain's small and medium-sized enterprises experienced a significant downturn last month, ahead of the Autumn Budget's impending tax increase on employers.The rolling six-month average for annual employment growth in full-time positions plummeted to 2.6% at the end of October, a stark contrast to the 12.8% seen in October of the previous year, as per a report shared ...
West Midlands - Business news, local news, expert opinion
West Midlands. The latest business news from the West Midlands covering Birmingham, Black Country, Coventry, Solihull, Staffordshire, Stoke-on-Trent and Warwickshire. The region's biggest employers include Aston Martin, bet365, Birmingham Airport, Jaguar Land Rover, JCB, HS2, HSBC UK, NEC Group and Portmeirion.
ASOS progresses in debt reduction, refinances £500m and sells …
Sep 11, 2024 · Asos has successfully refinanced the majority of its £500m debt due in 2026, leaving just over £70m outstanding. The online fast-fashion retailer, which has grappled with post-pandemic shopping trends, had £500m in convertible bonds due in 2026.
Avison Young job cuts as company loses over £100m in pre-tax …
Oct 28, 2024 · The UK arm of global commercial real estate services powerhouse Avison Young experienced a considerable downturn, with its pre-tax loss for 2023 almost doubling to eclipse £100m. Based in Birmingham, the firm saw its losses deepen to £101.8m in 2023 from £55.6m the previous year, according to newly-released accounts at Companies House, as ...
North East - Business news, local news, expert opinion - Business …
North East business tackling strain of more than 482,000 overdue invoices, research shows. Insolvency and Administration. The survey by R3 has found that the region's business has seen a rise in the number of unpaid bills - both month-on-month and year-on-year. Bookmark.