Recruiter Robert Walters has become the latest firm from the sector to reveal the impact of an ongoing global hiring slowdown and said a recovery was not likely until 2025. The group reported a 15% slump in gross profit to £84.8 million in the second quarter to June 30, leavingContinue Reading
Interest rates should be cut in order to stop squeezing the living standards of British households, a Bank of England rate-setter has said. Swati Dhingra, a member of the Bank’s nine-strong Monetary Policy Committee (MPC), said “now is the time” for a reduction in the bank rate. UK interest ratesContinue Reading
The latest SME Barometer from Prism has been released highlighting a cautious yet steady increase in business confidence among UK SMEs. Despite ongoing economic challenges, SMEs are displaying remarkable resilience and optimism for the future. Key Findings: Business Confidence on the Rise : The Institute of Directors (IoD) Confidence IndexContinue Reading
Burberry has replaced boss Jonathan Akeroyd after just over two years in the job as the luxury fashion firm said it is set to slump to a loss and halted shareholder dividend payouts. The group said Mr Akeroyd is leaving with immediate effect “by mutual agreement with the board”. HeContinue Reading
The oil and gas industry provides thousands of jobs worldwide, with revenue in 2022 around $332 billion. By the end of 2022, the oil industry was producing 12.1 million barrels per day (b/d) and the gas industry 121 billion cubic feet per day (bcf/d). However, despite its success, the oilContinue Reading
The England football team “inadvertently saved our sector”, a night-time industry leader has said after the squad’s Euro 2024 final defeat. Spain claimed a 2-1 win while the Three Lions fell at the last hurdle for a second European Championship final in succession. Fans had descended on pubs, bars andContinue Reading
Scotland could have the cheapest electricity in Europe if regional pricing was introduced, the boss of an energy firm has claimed. Greg Jackson, founder and chief executive of Octopus Energy, said reforming the energy market could result in lower bills for people across all of the UK. Speaking on the BBC’s SundayContinue Reading
Mike Ashley’s retail empire Frasers is set to announce as much as £550 million in underlying profit next week, as the retail giant reports its full-year results. The London-listed company, which owns the Sports Direct and House of Fraser retail brands, will announce its earnings for the year ending AprilContinue Reading
John Healey has set out the UK’s continued commitment to the Aukus defence project as he welcomed Australia’s defence minister to the country. Aukus is a “fundamental” part of the UK’s future security and can help drive the Government’s growth agenda, the new Defence Secretary said. Mr Healey spoke asContinue Reading
Energy Secretary Ed Miliband has said he will leave “no stone unturned” in trying to find a future for workers at Grangemouth, after ministers from the Scottish and UK governments met its owners. It is understood a report called Project Willow, worth around £1.6 million and funded by both governments,Continue Reading
