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Upper Crust owner boosted by airport disruption but rues rail strike hit
The owner of the Upper Crust sandwich chain and Ritazza coffee shops has revealed a boost to its revenue from chaos facing passengers at airports globally but admitted sales damage from UK rail strikes.SSP, which also has the Cabin and Camden Food co-brands in its stable of offerings, told investors it expected annual sales and …
Business
Evening Standard
Brits tighten their belts as inflation erodes household budgets
Brits are cutting back their spending as soaring inflation takes its toll on household budgets.Almost half of consumers are buying less clothing and shoes, while over two fifths are buying less electronics, according to a survey by accountancy firm EY.Over a third (37%) of low and middle-income consumers are now only buying essential items, the …
Business
Sky News
Housing market cooling off but rents likely to keep rising, surveyors say
Surveyors say they are seeing evidence that the housing market is starting to cool.In its monthly survey, the Royal Institution of Chartered Surveyors (RICS) found that 27% of professionals reported a fall in interest from potential house buyers. It was the third consecutive month that interest from new buyers slipped.Despite this, 65% of professionals said …
Business
Evening Standard
US inflation hits 40-year high
US inflation data soared past analyst expectations to hit 9.1% in June according to figures released by the US department of Labor Statistics.Gasoline, shelter and food were among the largest contributers to the rise, which marked the highest annual gain since November 1981, and the highest monthly gain since 2005.Nasdaq 100 futures dropped 2.3% on …
Business
Sky News
New rail strike planned for later this month amid row over ‘paltry’ pay offer
Workers at rail operators and Network Rail will strike for 24 hours on 27 July in a dispute over pay, the RMT union has announced.The news comes after the union rejected a pay offer from Network Rail, which it described as “paltry”, and after three rail strikes last month which crippled services across the country. …
Business
Sky News
Why the Bank of England’s governor will be closely watching South Korea, Australia, and New Zealand
The rush around the world to raise interest rates shows no signs of abating as central banks scramble to get inflation back under control.July has already seen interest rate rises in Israel, Poland, Pakistan, Peru, Uruguay and Serbia, among others, and overnight there were two more major moves in the Asia Pacific region. The Bank …
Business
Sky News
More than eight million households get £326 in their account from today to help with cost of living
More than eight million households will start receiving the first of two payments intended to help with the cost of living from today. Almost one in four low-income households in England, Wales, Scotland and Northern Ireland will get £326, with the second instalment of £324 sent this autumn as part of the government’s £37bn support …
Business
Sky News
US inflation reached 9.1% in June – a 40-year high
The rising cost of fuel, food and rent pushed US inflation to a 40-year high of 9.1% in June, according to the latest figures. Advertisement
Business
Sky News
Euro drops below parity with dollar after US inflation hits 9.1%
The euro has dropped below parity against the dollar the first time in almost two decades after news that US inflation reached 9.1% in June.The figures will place further pressure on the Federal Reserve to hike interest rates by 75 basis points later this month, as raising interest rates is one of the tools used …
Business
Sky News
Annual Mansion House dinner thrown into flux by Tory leadership battle
The Mansion House dinner, one of the City of London’s most important annual events, has been thrown into flux by the Conservative Party leadership contest as civil servants deliberate over whether the new chancellor, Nadhim Zahawi, should be permitted to speak at it.Sky News has learnt that Tom Scholar, the Treasury’s permanent secretary, is in …
Business
Evening Standard
Race for talent sees Page post record month
A race for talent in the City and the wider business world is leading to booming profits at recruitment house PageGroup, which enjoyed a record June.Employers large and small are fighting to grab staff as the available workforce falls in size post-Covid. Many formerly working people have chosen to retire or rethink their lives.Profit in …
Business
Sky News
What’s pushing up house prices? And is your area one of the worst affected by the housing crisis? Find out with our map
House building has not kept up with population growth in almost half of the local authorities in England, Sky News analysis has found.In the decade to 2021, the population grew faster or at the same pace as the number of homes in 150 out of 309 local authorities, according to our analysis of data from …

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