Strong UK pay growth boosts chance of Bank of England rate rise
British wages rose faster than anticipated last month, in a move that economists judge may tip the Bank of England towards a further rise in interest rates next month, despite an unexpected increase in joblessness too.
Rate-hike fears keep stocks rangebound
Markets fear that the monetary tightening by central bankers will tip the economy into recession.
Where will the potential new owners of Manchester United put their investment towards?
As the Glazer family gear up to possibly sell Manchester United, the next owners of the three times Champions League winning team will have a lot on their plates.
Inflation bites into profits of UK supermarket Tesco
In a bid to retain customers, Tesco is matching the prices of similar goods offered by UK supermarkets run by German discounters Aldi and Lidl.
Bank of England's Pill says latest UK data is disappointing
Bank of England Chief Economist Huw Pill said on Thursday that the latest data on the economy, including a stagnation of gross domestic product in February, is "somewhat disappointing" even if it remains better than forecast by the BoE late last year.
Strikes weigh on UK economy which stagnated in February
Britain's economy stagnated in February as strikes by public workers hit output but a bounce in January was stronger than first thought, meaning a recession is a bit less likely to be brewing in early 2023, official data showed.
UK recruiters slow pace of pay growth in March, REC survey shows
Britain's labour market showed signs of a slowing in the sharp pace of pay growth in March and a shortage of candidates eased for the first time in two years, according to a survey of recruiters published on Wednesday.
How is the UK's rising inflation impacting the cost of living crisis?
The Office for National Statistics reported that the "prices of food and non-alcoholic drinks rose at the fastest rate in more than 45 years in the 12 months to February 2023."
Millions of UK businesses at risk of shutting down due to delayed payments
As the tough economic conditions hit SMEs, UK businesses are at an increased risk of facing delayed payments from customers, says debt collection agency.
UK house sales at pre-COVID levels after 'mini-budget' shock - Rightmove
British homes sales recovered to within a whisker of pre-pandemic levels in March, representing a recovery from September when the failed economic plan of former prime minister Liz Truss sparked turmoil across markets, a survey showed on Wednesday.
The Resilience of UK SMEs - How small businesses can navigate economic challenges
Despite the tough economic challenges that have rattled the UK in recent years, opportunities are ripe for UK SMEs to innovate and flourish like never before.
UK house-building falls by most since 2020 as interest rates bite -PMI
British house-building fell at the sharpest pace since May 2020 last month as the cost of higher interest rates outweighed an easing in supply chain difficulties that bolstered other types of construction, according to a survey released on Thursday.
UK businesses more upbeat about sales despite weak growth
Most British businesses expect their sales to rise over the coming year - an improvement from late 2022 - despite seeing no sales growth over the past three months, the British Chambers of Commerce said on Tuesday.
Cybercriminals using AI chatbots like ChatGPT to craft credible-looking phishing emails
Identifying fraudulent attacks was easier before chatbots arrived since phishing emails usually contained grammar and spelling mistakes.
Food inflation hits 15% as experts say retailers must focus on price differentiation
Food inflation has risen by 15 per cent in a year, as prices in Britain's shops reach unprecedented levels. Experts say retailers must focus on their price differentiation strategy as consumers' purse strings "continue to feel the squeeze".
Banking rebound remains fragile as regulators review response to failures
Investor confidence in the banking sector remained fragile on Tuesday, with the European Central Bank (ECB) saying recent volatility highlighted the need for greater regulatory scrutiny.
UK shoppers turn to discount stores and second-hand shops amid cost of living crisis
UK retail sales rose in February as consumers' confidence reached a one-year high while US market struggles amid banking moves and monetary tightening.
Google Bard accused of being left-leaning, is the new AI susceptible to bias?
Google's new AI chatbot Bard has given controversial opinions on topics like Brexit, trans rights, and Rishi Sunak.
IPL 2023: Full list of England players set to feature in the Indian T20 league
IPL 2023 is scheduled to begin on March 31, with the first game to be played between Gujarat and Chennai.
Is communication the key to retaining talent amongst current economic turmoil?
As worker shortages plague the UK economy amidst a cost of living crisis, new research shows good communication is key to talent retention.
Yellen tries to assuage investor fears as bank stocks slide
U.S. Treasury Secretary Janet Yellen sought to reassure jittery investors that American bank deposits were safe and promised policymakers had more firepower to battle any crisis even as bank stocks resumed their slide on Thursday.
Dollar falls for sixth day as central banks join Fed in raising rates
The dollar headed on Thursday for its longest losing streak in 2-1/2 years after the U.S.
Bank of England raises rates, says inflation set to fade
The Bank of England (BoE) raised interest rates for the 11th time in a row on Thursday, but said a surprise resurgence in inflation would probably fade fast, prompting speculation it had ended its run of hikes.
Stocks mixed after more interest rate hikes
Wall Street bounced but European markets wobbled Thursday as investors weighed fresh interest rate hikes by central banks and signs of a possible pause in US monetary tightening following turmoil in the banking sector.
Swiss National Bank raises rates, says Credit Suisse takeover prevented larger crisis
The Swiss National Bank raised its benchmark interest rate by 50 basis points on Thursday and said UBS's takeover of Credit Suisse had averted a financial disaster, adding it was now critical the merger took place in a smooth and fast way.
UK Workers remain divided over Hunt's Spring Budget announcements, new survey shows
A recent survey reveals that the UK workforce is divided over Jeremy Hunt's Budget announcements, with the CEO of CV-Library stating that "personal finances remain the key driver for the overwhelming majority".
UK inflation sucker-punches the BoE, while sterling bulls cheer
Bank of England policymakers will not have looked at Wednesday's inflation data with the same enthusiasm as sterling traders, who took advantage of a shock jump to push the pound up, confident that a rate hike this week is now a done deal.
Bank of England and Federal Reserve claim banking systems are secure
The Bank of England and the US Federal Reserve have claimed the safety and strength of banking systems ahead of key decisions on interest rates.
UK inflation surprise pressures BoE to raise rates again
British inflation unexpectedly rose to 10.4% in February, pushed up by higher food and drink prices in pubs and restaurants, according to official data which is likely to prompt the Bank of England to raise interest rates on Thursday.
Job seeker confidence 'higher than during the Financial Crash', new research shows
Jobseekers remain optimistic about their job security and career progression prospects, according to the Robert Half Jobs Confidence Index.