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Anna Wise

Business News
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European markets upbeat as UK economy grows

The FTSE 100 edged up by 12.22 points, or 0.18%, to 6,893.81 on Friday.
Sep 30, 2022
Business News

Dignity swings to £48m loss as cremations hit by higher fuel costs

The group, which owns more than 800 funeral locations in the UK, said its revenues shrunk by £8.6 million as a result of a lower UK death rate.
Sep 30, 2022
Business News

FTSE 100 crashes to 14-month low as Government stands by growth plan

The FTSE 100 ended the day 128.3 points lower, or 1.77%, at 6,881.59.
Sep 29, 2022
Business News

H&M to cut costs by £160m as it takes hit from inflation and Russia exit

The Swedish fashion chain plans to implement a cost-saving programme from the second half of 2023 worth around two billion Swedish krona.
Sep 29, 2022
Business News

Pound and FTSE recover losses after Bank’s surprise monetary intervention

The pound has managed to recover ground and London’s top index was in the green after slumping earlier on Wednesday.
Sep 28, 2022
Business News

European markets back in the green after Bank’s sharp monetary policy U-turn

The FTSE 100 ended the day 20.8 points higher, or 0.3%, at 7,005.39.
Sep 28, 2022
Business News

Small business defaults a ‘danger’ to future returns, British Business Bank says

The state-owned bank warned of a challenging few years ahead for smaller businesses that are likely to be affected by the economic downturn.
Sep 28, 2022
Business News

Bank’s action calms gilts market but signals panic and frustration, experts say

The temporary measure to buy UK Government bonds to bring down spiralling borrowing costs has been met with a mixed reaction in the City.
Sep 28, 2022
Business News

Cost-of-living crisis could reverse over-50s ‘great resignation’, survey shows

Far more over-50s who quit their jobs since the pandemic have considered returning to work in recent months because they need more money.
Sep 27, 2022
Business News

Upper Crust owner SSP Group raises earnings expectations amid travel recovery

The global company said that it expects revenues over the three months to September 30 to be 91% of pre-pandemic levels.
Sep 27, 2022
Business News

FTSE steady after Friday’s sell-off despite record-low pound

The index hit lows of around 6,939 in the morning but was 2.35 points higher, or 0.03%, at 7,020.95 when European markets closed.
Sep 26, 2022
Business News

British banks to be tested against recessions worse than 2008 financial crisis

The Bank of England will put eight of the UK’s leading banks under a hypothetical scenario to determine how resilient the sector is.
Sep 26, 2022
Business News

Pendragon eyes up £400m takeover offer

The bid would see Swedish motor company Hedin Group buyout the entirety of Pendragon’s share capital at 29 pence per share.
Sep 26, 2022
Business News

Next and Boohoo investors eye sales boost as shoppers receive energy bill help

Investors will be hopeful of a shift in outlook following the Government’s recent energy support package which could boost consumer spending.
Sep 23, 2022
Politics

Axing bankers’ bonus cap could fuel pre-2008 greed culture, lawyers say

The controversial decision will remove the limit on bankers’ annual pay-outs that was introduced by the European Union after the financial crisis.
Sep 23, 2022
Business News

In The Style enjoys ‘solid’ progress on growth plans amid retail challenges

The online fashion retailer hailed the successful launch of its wardrobe staples collection, at its annual general meeting.
Sep 23, 2022
Business News

Revolution Beauty to undergo investigation into auditing failures

The beauty brand has called in independent investigators to look into ‘serious concerns’ raised by its auditor, BDO.
Sep 23, 2022
Business News

PZ Cussons says cost inflation hit £40 million this year

The business, which owns soap brands Carex and Imperial Leather, posted pre-tax profits of £66.6 million, a 2.9% drop from a year ago.
Sep 22, 2022
Business News

Lord Rothermere to take over as chief executive of Daily Mail owner

Paul Zwillenberg announced that he will be stepping down as chief executive of the Daily Mail and General Trust (DMGT) after a six-year tenure.
Sep 22, 2022
Business News

JD Sports says shoppers ‘motivated by desire, not economics’

The sportswear giant said its main consumers are a younger demographic than most other retailers.
Sep 22, 2022
Business News

JD Sports sees profits plunge and cautions over inflation and supply chain woes

The retailer posted pre-tax profits of £298.3 million for its first half, a drop from £364.6 million a year ago.
Sep 22, 2022