Tag: Economics
about 2 years ago
yorkshirepost.co.uk

Jobs boost for York as Fera Science opens £1m laboratory to support food industry

Fera Science has provided an economic boost for the region by opening a specialist insect laboratory at its Bioscienc...

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about 2 years ago
yorkshirepost.co.uk

Next increases its annual profit outlook as hot weather boosts summer clothing sales

Fashion chain Next has raised its annual profit outlook after seeing full-price sales lift 5% in the past three month...

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about 2 years ago
cityam.com

Sunak and Truss’s room for tax cuts is ‘limited’, OECD warns

Tory leadership hopefuls Liz Truss and Rishi Sunak’s room to cut taxes is limited, a top global economic institution ...

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about 2 years ago
cityam.com

OPEC+ hikes production targets by miniscule volumes of 100,000 barrels per day

The OPEC+ coalition of oil producing countries today agreed to up its production targets by miniscule volumes of just...

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about 2 years ago
cityam.com

UK inflation to surge above 15 per cent, more than seven times Bank of England target

The Bank of England faces the grim prospect of overseeing the largest inflation surge in recent memory, with prices r...

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about 2 years ago
cityam.com

A technical recession: How bad will it be? It all depends on the Fed

It is no surprise that US GDP growth is declining given the slowdown in consumer spending and domestic production rec...

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about 2 years ago
cityam.com

Scorching inflation hits eurozone retail sales in sign of looming recession

Surging inflation eroding Europeans’ living standards is squeezing spending in the bloc, reveal new figures published...

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about 2 years ago
yorkshirepost.co.uk

Why the betrayal of British Steel pension savers shows we need tougher regulators - Greg Wright

ANYONE who believes consumers need stronger protection from dubious salesmen will see their worst fears confirmed in ...

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about 2 years ago
yorkshirepost.co.uk

How Hornsea One generates enough energy to power more than one million homes

GLIL Infrastructure and Octopus Energy Generation’s fund management team have joined forces to acquire a 12.5% stake ...

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about 2 years ago
yorkshirepost.co.uk

Love Brownies: Yorkshire cafe and bakery business goes into liquidation after suffering 'unsustai...

A Yorkshire-based brownie brand which recently opened a flagship café and shop in a luxury Leeds shopping centre has ...

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about 2 years ago
cityam.com

Sheepish consumers deal blow to UK services economy

Consumers cutting spending in response to a historic inflation surge has weighed on growth in the UK’s services econo...

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about 2 years ago
cityam.com

Pelosi Taiwan visit edges London markets lower

London markets were weighed down by a poor session on Wall Street triggered by fears over escalating tensions between...

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about 2 years ago
cityam.com

Threat of stagflation returns for first time since 1970s as UK enters early stage of drawn-out re...

The UK is in the early stages of a drawn out recession that will tip millions of households into financial crisis, re...

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about 2 years ago
cityam.com

UK's FCA to create 100 jobs through launch of new Leeds offices

The UK’s financial watchdog today set out plans to hire 100 new staff to work its newly opening Leeds office. The UK’...

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about 2 years ago
cityam.com

Insolvencies surge to highest rates since financial crash as voluntary bankruptcies hit record le...

The UK government’s Insolvency Service today said it recorded a higher number of insolvencies over the past three mon...

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about 2 years ago
cityam.com

Historic profits at BP drag London’s FTSE 100 higher

A historic profit take from oil giant BP helped London’s FTSE 100 squeeze out gains today. The capital’s premier inde...

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about 2 years ago
yorkshirepost.co.uk

BP's second-quarter profits more than treble as it reaped the benefits of soaring oil and gas prices

BP has revealed second-quarter profits more than trebled as it reaped the benefits of soaring oil and gas prices.

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about 2 years ago
yorkshirepost.co.uk

Virgin Money delivers 'positive quarter' of trading as it grows balance sheet

Virgin Money today revealed that it delivered a "positive" performance over the last quarter and customers are still ...

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about 2 years ago
cityam.com

Claims globalisation has 'had its heyday' are premature, Lloyd's chief executive says

Claims the dual shocks of Covid and the war in Ukraine have halted the “all conquering forces of globalisation” are “...

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about 2 years ago
cityam.com

Brits scale down inflation expectations in sign BoE rate hikes are quashing price pressures

British households are scaling down their expectations for future inflation in a sign that the Bank of England’s seri...

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about 2 years ago
yorkshirepost.co.uk

Leeds-based Age Partnership and Pure Retirement announce record profits for 2021

A Yorkshire equity release broker delivered record profits in 2021 as the market recovered from the pandemic.

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about 2 years ago
cityam.com

Economic downturn pummels UK factories

UK factories are succumbing to a concoction of downside risks that have shifted the sector into “reverse gear,” a clo...

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about 2 years ago
cityam.com

HSBC profit surprise propels London’s FTSE 100 higher

A bumper crop of results from Britain’s largest lender and Asia-focused HSBC boosted London markets today. The capita...

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about 2 years ago
yorkshirepost.co.uk

Banking giant HSBC makes dividend pledge to investors amid break-up pressure

Banking giant HSBC has vowed to return shareholder dividend payouts to pre-pandemic levels “as soon as possible” as i...

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about 2 years ago
yorkshirepost.co.uk

Sheffield-based Fulcrum Group acquires industrial and commercial gas meter asset portfolio for £6...

Fulcrum Group has completed the first stage of its asset acquisition strategy to support the growth of its operations...

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about 2 years ago
yorkshirepost.co.uk

The Co-operative Bank must pay redress to mortgage customers, says group of MPs

The Co-operative Bank must pay redress to mortgage customers who have become distressed after facing 'unfair' interes...

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about 2 years ago
cityam.com

Sky-high inflation slows UK private sector economy to ‘standstill’

Consumers reacting to scaling prices by cutting spending is expected to grind the UK economy to a halt, new surveys p...

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about 2 years ago
cityam.com

Exclusive: UK small businesses on high recession alert

British sole traders and small businesses are battening down the hatches in preparation for a looming recession, excl...

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about 2 years ago
cityam.com

Brits struggle to cut back as inflation eats into budgets

Brits are struggling to find any more areas of spending to cut back on to keep their finances above water, a new surv...

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about 2 years ago
cityam.com

Bank of England to rip up history books at this week’s rate decision

Soaring inflation will force the Bank of England to do something it has never done since it was made independent 25 y...

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about 2 years ago
cityam.com

Week ahead: City braces for biggest Bank rate hike since independence

The City will this week be bracing for what could be the steepest interest rate rise since February 1995. London’s pr...

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about 2 years ago
yorkshirepost.co.uk

299 homes to be built in former quarry site in Horsforth, Leeds by Taylor Wimpey

A former quarry in Yorkshire is being transformed into a new community.

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about 2 years ago
cityam.com

Eurozone inflation surges to fresh record high dialling up pressure on ECB

Prices are rising are the fastest pace on record in the eurozone, figures published today revealed. Inflation surged ...

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about 2 years ago
cityam.com

NatWest shock profits lift London’s FTSE 100

London markets were boosted by investors piling into NatWest after it announced it will hand back £2.1bn to investors...

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about 2 years ago
yorkshirepost.co.uk

Leeds Building Society sets new lending records over the half year as it attracts thousands of ne...

Leeds Building Society set new lending records over the last half year as it helped to put home ownership within the ...

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about 2 years ago
yorkshirepost.co.uk

British Airways’ owner IAG back in profit for first time since start of pandemic

British Airways’ owner International Consolidated Airlines Group (IAG) has returned to profit for the first time sinc...

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about 2 years ago
cityam.com

US plunges into recession as rest of world braces for similar fate

The US economy has officially plunged into recession in a sign of things to come for the rest of the world, figures p...

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about 2 years ago
yorkshirepost.co.uk

Honest Burger is giving away 500 free meals to first customers at new Leeds restaurant

Honest Burger is giving away 500 free meals to the first customers through the door of its new restaurant in Yorkshire.

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about 2 years ago
yorkshirepost.co.uk

Co-op Bank hands staff £1,000 cost-of-living pay rise in latest move to help workers

Staff at the Co-operative Bank are to receive a £1,000 pay rise to support them amid the cost-of-living crisis in the...

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