Bitcoin price is up despite a cooling crypto market October 18, 2023 Bitcoin continues to gain ground and is trading for roughly $28.6k, up 1.9% over 24 hours and more than 5% over seven days. Ethereum (ETH) is down by 0.9% on the day but is clinging to its 1% gains over a seven-day period. The frantic trading activity in the Bitcoin market over the last few [...]
London house prices fell by 1.4 per cent in August October 18, 2023 House prices in the capital fell further in August, according to the government’s latest house price index, as higher interest rates continued to weigh on the market. Data released by the Office for National Statistics on Wednesday showed the region’s house prices fell by 1.4 per cent in August year-on-year. London’s average house prices remained [...]
Credit insurer cover cuts leave retail sector reeling October 18, 2023 Credit Insurers have been dragged into the spotlight after it emerged that they have pulled cover on a host of some of the country’s biggest retailers over the past few months. Both Boohoo and Asos have been hit by insurers withdrawing cover on their transactions. Over the summer, it was revealed that Allianz Trade, formerly Euler [...]
Just Eat raises profit guidance thanks to takeaway fiends in UK and Ireland October 18, 2023 Just Eat reported a five per cent growth in gross transaction value (GTV) in the UK and Ireland, while in Northern Europe it grew six per cent.
Marshalls expectations unchanged despite UK housing market slowdown October 18, 2023 Building products supplier Marshalls provided investors with a trading update today with a 3 per cent decline in revenue, sitting at £528m.
Barratt warns of ‘uncertain’ year ahead as number of house builds falls October 18, 2023 The London-listed firm said it only built 9,221 homes down from 13,000 compared to the same period last year.
Gambling giant 888 says revenue down 10 per cent as new regulations hit hard October 18, 2023 Betting company 888 said its betting and gaming revenue dropped in the UK and Ireland even as average monthly users are on the up.
Premier Inn owner Whitbread launches another £300m share buyback as revenues soar October 18, 2023 Premier Inn owner Whitbread has announced plans to complete a new £300m share buy back scheme as it budget hotel business continues to rack in heft profits. The no frills hotel chain just completed an identical buy back at the start of October, but said it is in strong shape to launch a second consecutive [...]
National Gas boss warns businesses could be threatened if network scrapped October 18, 2023 The head of the UK's gas networks has urged the government not to scrap the country's pipelines in favour of electrification of the grid.
With annual reports in the hundreds of pages, who has time to run a business? October 18, 2023 Financial reports for City firms now run into the hundreds of pages, creating an undue burden for businesses just trying to do their job, writes Patrick Spencer.