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Evening Standard
Bank of England preview: MPC could start raising interest rates today
Is the Bank of England poised to move interest rates up for the first time since August 2018?The market betting on whether it will do so today is split nearly exactly 50:50.A few weeks back is seemed nailed on that rates would go from 0.1% to 0.25%.Banks had already pulled their cheapest fixed rate mortgage …
Business
Sky News
JD Sports fury as regulators order chain to sell Footasylum
JD Sports has reacted angrily after a final ruling from the competition watchdog that it must sell the Footasylum chain bought for £90m in 2019.The Competition and Markets Authority (CMA) revealed its decision following a protracted investigation that saw JD appeal an original finding that it must offload the sportswear brand over fears it could …
Business
Sky News
Sainsbury’s warns of price pressures as Argos suffers supply chain woes
Sainsbury’s has declared it is in a “good position” for Christmas despite supply chain disruption across the UK that, it admitted, had contributed to lower sales at its Argos operation.The UK’s second-largest supermarket chain also warned that price pressures were building as a result of the challenges while reporting bottom line pre-tax profits of £541m …
Business
Sky News
Sainsbury’s warns of price pressures and consumer electronics shortages ahead of Christmas
Sainsbury’s has declared it is in a “good position” for Christmas but admitted its Argos operation is bearing the brunt of global supply chain disruption, with consumer electronics facing a festive squeeze.The UK’s second-largest supermarket chain also warned that price pressures were building as a result of the supply challenges while reporting bottom line pre-tax …
Business
Sky News
Why a modest rate hike still looks likely – but is not a foregone conclusion
The last time the Bank of England raised interest rates, Theresa May was prime minister, Jeremy Corbyn was leader of the opposition, Britain was still in the EU and coronavirus was a term known only to virologists.This week, however, the bank’s monetary policy committee (MPC) may raise – albeit very fractionally – its key policy …
Business
Evening Standard
Next on track for £800m profits but warns on Christmas slowdown
NEXT reinforced its status as the King of the High Street today, with booming sales that leave it on track for year-end profits of £800 million.But it had some words of caution on supply chains and Christmas demand that sent retail shares wobbling.The pent-up demand that has seen retailers bounce back post lockdown is “likely …
Business
Evening Standard
Bank of England preview: MPC could start raising interest rates tomorrow
Is the Bank of England poised to move interest rates up for the first time since August 2018?The market betting on whether it will do so today is split nearly exactly 50:50.A few weeks back is seemed nailed on that rates would go from 0.1% to 0.25%.Banks had already pulled their cheapest fixed rate mortgage …
Business
Sky News
US sanctions NSO Group, Israeli spyware company at centre of Pegasus Papers
The US is sanctioning an Israeli spyware company that it accused of supplying technology to foreign governments “to maliciously target government officials, journalists, businesspeople, activists, academics, and embassy workers”.NSO Group had been accused of assisting despotic regimes in targeting journalists, political dissidents, and human rights activists in reports earlier this year. The company responded at …
Business
Evening Standard
Trainline targets European growth as sales recover
Online ticketing giant Trainline has seen its recovery gather pace with lockdowns easing, and today revealed plans to grow its team by 150 as bosses eye European growth.The company, which currently sells around 70% of all digital train tickets in the UK, saw net ticket sales reach 54% of pre-Covid levels at £1 billion in …
Business
Evening Standard
Micro Focus soars on news of $375m Digital Safe sell-off
Micro Focus saw shares surge by as much as 6% this morning on news the software giant plans to sell its archiving and risk management arm to US tech firm Smarsh for $375 million (£275 million). The UK-listed company, which has 14,000 employees and offers software to the world’s biggest pharma and aerospace firms, said …
Business
Evening Standard
Next on track for £800m profits , but warns on Christmas slowdown
NEXT reinforced its status as the King of the High Street today, with booming sales that leave it on track for year-end profits of £800 million.But it had some words of caution on supply chains and Christmas demand that sent retail shares wobbling.The pent-up demand that has seen retailers bounce back post lockdown is “likely …
Business
Business Live
Orsted sees lower wind speeds blow £285 million off operating profits
Lower than normal wind speeds have had an adverse impact on Orsted’s operating profit. The below average conditions in the first nine months of 2021 – down from 9.8 metres per second to 8.7 – have seen more than £285 million of earnings wiped out. However, the ramping up of generation capacity and strong earnings …

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