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Sky News
‘The worst is yet to come’: IMF says 2023 will ‘feel like a recession’
The International Monetary Fund (IMF) has predicted a tough 2023 as it cut growth predictions and forecast economic contraction in a third of the world.“The worst is yet to come,” the global financial institution’s World Economic Outlook report said. “For many people 2023 will feel like a recession,” it added.A downward revision of the global …
Press Release
Pressat
Garden bars growing in popularity due to cost of living crisis.
With the huge cost of living crisis more and more homeowners are adding their own pub in their gardens. With the average cost of a pint now over £4 across the whole of the UK and over £5 in London it’s no surprise that that Britons are looking for ways to save on the cost …
Business
Business Live
Hull construction firm KWL takes on record number of apprentices
Hull construction and maintenance firm, KWL, has recruited a record number of apprentices. A total of 13 more school leavers have joined what is now a 41-strong team on the books. This year’s cohort were invited along with their families to an annual celebration at Hull’s Guildhall, where tool kits were presented by the Deputy …
Business
Evening Standard
Reach reports impact of the advertising ‘blackout’ following the death of the Queen
Reach, the publisher of national and regional newspapers, has revealed a drop in third-quarter revenue after it pulled advertising from its editions after the death of the Queen.The so-called “blackout” brought advertising revenue down by almost a quarter. That offset a rise in circulation of about a third for the Daily Mirror and the Daily …
Business
Evening Standard
UK unemployment falls to lowest since 1974 amid rise in long-term sickness
The UK’s unemployment rate dropped to its lowest for almost half a decade as more Britons left the labour market completely due to illness, according to official figures.The Office for National Statistics (ONS) said the unemployment rate fell to 3.5% over the three months to August – the lowest since February 1974.Economists had predicted that …
Business
Business Live
Somerset bathroom firm lands London School of Economics contract
A Somerset bathroom manufacturing firm has secured a £1.6m contract to supply a student accommodation scheme for the London School of Economics. Highbridge-based Offsite Solutions will make 641 ready assembled shower units or pods for the Glengall Road development in Southwark and main contractor EQUANS. The project will provide 676 student rooms and studios in …
Business
Sky News
No one is quite sure where they stand anymore despite Bank of England’s bond intervention
This is starting to look a little… unnerving.This morning the Bank of England tweaked its emergency intervention into the government bond (gilts) market for a second successive day. The details are somewhat arcane: yesterday it doubled the amount it was offering to buy each day; today it said it would widen the stock of assets …
Business
Sky News
What on earth is happening in UK markets and why is the Bank of England struggling to address it?
This is starting to look a little… unnerving.This morning the Bank of England tweaked its emergency intervention into the government bond (gilts) market for a second successive day. The details are somewhat arcane: yesterday it doubled the amount it was offering to buy each day; today it said it would widen the stock of assets …
Business
Evening Standard
Recruiter Robert Walters UK profit dips 6%
Global recruitment firm Robert Walters has warned that the economic background became “more uncertain” during the third quarter of the year recording a dip in UK profit of 6% as shifts in the labour market take hold. The UK stood out as the only drop in figures as group profits from fee incomes for job …
Press Release
Pressat
Earthly Launches Industry’s First Project Assessment for Nature-Based Solutions that Includes Biodiversity and Social Impact
For Immediate ReleaseLondon, October 11, 2022. Earthly, a purpose-led business that helps companies invest in nature-based solutions, announced today the launch of its industry-first project assessment. The methodology will bring clarity to the rapidly growing voluntary carbon market, helping to increase support for projects that go beyond carbon offsetting, and deliver impact across the three …
Press Release
Pressat
Diwali 2022 Charity eCards released
Water poverty alleviation charity, Hope Spring today announced the launch of its annual Diwali eCard range. The Hereford based charity made the announcement on Twitter, today Tuesday the 11th of October. The organisation works with communities in developing countries to access clean drinking water. The Diwali eCard was refreshed especially for 2022. Their new range …
Business
Evening Standard
Shares in Zahawi-founded YouGov slide after CEO quits
Shareholder approval ratings for polling giant YouGov fell today after the firm’s founder and CEO said he was quitting the role.Shares dropped 5% to 780p in early trading after Stephan Shakespeare, who co-founded YouGov with former Conservative Chancellor Nadhim Zahawi in 2000, said he would move into the role of chair following the departure of …

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