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Sky News
Household disposable incomes are heading for their biggest fall on record
Addressing MPs in the House of Commons, Jeremy Hunt promised that his autumn statement would lead to “lower inflation, lower mortgage rates, a shallower downturn and lower unemployment”.Despite his efforts, inflation will continue to tear through household budgets. In a fresh set of forecasts published on Thursday, the Office for Budget Responsibility (OBR) revealed that …
Business
Sky News
Pound falls after chancellor unveils autumn statement
Jeremy Hunt’s autumn statement has failed to offer much cheer to markets, with both stock indexes and the pound all below their opening mark.Sterling had already fallen around 0.5% – going from $1.193 to $1.1850 – by the time the chancellor rose to his feet in the Commons. But after he had finished, it had …
Business
Sky News
Pound falls as markets and business respond to autumn statement
Jeremy Hunt’s autumn statement has failed to offer much cheer to markets, with the pound faltering and stock indexes falling below their opening mark.Sterling had already fallen around 0.5% – going from $1.193 to $1.1850 – by the time the chancellor rose to his feet in the Commons. But after he finished, it continued to …
Press Release
Pressat
White Ribbon UK and JCDecaux UK Partner to Highlight #TheGoal for White Ribbon Day
White Ribbon UK is pleased to have the support of JCDecaux UK this year to highlight #TheGoal for White Ribbon Day, as part of The Community Channel programme. White Ribbon is the UK’s leading charity engaging men and boys to end violence against women and girls. White Ribbon Day, 25th November, falls on the same …
Business
Evening Standard
Burberry eyes growth as tourists flock to Paris and Milan over the UK
Luxury fashion retailer Burberry has seen its revenues jump as it plans to double its sales of leather bags and shoes over the next few years.The company posted revenues of £1.3 billion for the half year to October 1, up 5% from £1.2 billion posted a year ago.This was driven by a double-digit increase in …
Business
Sky News
Millions to pay more in tax as chancellor cuts top-rate threshold and lays out plan to plug ‘black hole’
Millions more Britons will pay more tax as Jeremy Hunt cut the top-rate of tax threshold and announced freezes on several other taxes in his autumn statement.The chancellor said the 45p higher rate of tax will now be payable from £125,140, as opposed to the current £150,000. He said those earning £150,000 or more will …
Business
Business Live
Kromek wins £4.9m Government deal for biological threat detection systems
Detection tech innovator Kromek has landed a UK Government contract worth £4.9m to create systems that identify biological threats. The County Durham-based firm said it will start work next month on the three-year programme that comes with the possibility of extended maintenance services after that period. In a brief update to investors offering few details …
Business
Business Live
Spirax-Sarco Engineering updates investors on full-year guidance
FTSE-100 engineering company Spirax-Sarco has maintained its full-year guidance amid what it described as a “weakening macro-economic climate”. In a trading update for the four months ending October 31, the Cheltenham-headquartered firm reported “strong” growth in sales, and said it expected group full-year adjusted operating profit, excluding contributions from the recent acquisitions, remained on track. …
Business
Business Live
Tekmar Group considers offer from global strategic investor
North East offshore specialist Tekmar has announced it is considering an offer from a global investor. The Darlington business, which provides technology and services for the global offshore energy markets, announced in June that it was seeking a “strategic partner” as it did not have enough cash to turn around a loss-making position. The group …
Business
Evening Standard
Royal Mail asks Government to cut letter service to five days under overhaul
Royal Mail has asked the Government for an early move to cut its letter service to five days a week as it unveiled hefty losses after a hit from crippling strike action.Boss Simon Thompson vowed to do “whatever it takes” to turn the group around after half-year results showed it tumbled to a £219 million …
Business
Evening Standard
Lidl’s profits quadruple as shoppers switch to cheaper supermarkets
Profits at the British arm of supermarket chain Lidl have more than quadrupled with it having undertaken an ambition expansion of stores and customers over the year, it said.Pre-tax profits reached £41.1 million in the year to February 28, surging 319% from the £9.8 million posted the same time last year.It also saw revenues edge …
Business
Business Live
Grainger sees continued growth on the back of rental demand
Demand for rental properties amid the pandemic has helped boost Grainger plc’s revenue and operating profit, new results show. The Newcastle based group said it recognised that many people’s dreams of home ownership had been put on hold but said it was committed to making renting “life enriching and fun”. Announcing performance in the year …

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