Andrew Tyrie: How greater competition could spur productivity growth April 25, 2024 "The UK government does not have a framework in place for monitoring levels of competition in the economy that’s fit for purpose," Lord Tyrie said. "It badly needs one".
As Getir leaves the UK, can challengers crack the grocery delivery market? April 25, 2024 Just a few years after Getir entered the UK market during the Covid-19 pandemic, the brand is reportedly preparing to leave. The grocery delivery service’s exit is set to be announced this week, following its departure from Spain, France, and Italy earlier this year. So how did Getir get here? YouGov BrandIndex data shows that, [...]
How damage to the UK’s nature could knock £300bn off GDP April 25, 2024 Damage to nature in the UK could contribute to a hit to the economy larger than the financial crisis or the Covid-19 pandemic, new research has shown.
Meta’s stock tanks 15 per cent as AI spending rises, revenue outlook fails to impress April 25, 2024 Shares of Meta, the parent company of Facebook and Instagram, experienced a significant drop of more than 15 per cent during after-hours trading.
Transport Strikes Hit London & The Hospitality Yet Again April 24, 2024 | City Talk London’s hospitality sector, already reeling from a series of walkouts by ASLEF and TSSA members in April, faces further challenges with a new wave of proposed strikes in May. ASLEF train drivers across the UK have announced a rolling programme of strikes planned from 7th May to 9th May together with drivers not working overtime [...]
Business confidence surges but recovery remains ‘brittle’, survey suggests April 24, 2024 The UK economy has recorded growth in both January and February, making it overwhelmingly likely that last year's shallow recession is already over.
FTSE 100 today: London markets set to shine green, riding global upward momentum April 24, 2024 Asian markets followed Wall Street's upward trend, with oil and gold prices trading nearly flat as tensions in the Middle East eased. Tesla's stock soared 13 per cent after plans to fast-track a 'more affordable' model release. Attention now shifts to the upcoming earnings reports from Meta, Boeing, IBM, and Intel.
Tesla’s stock skyrockets 13 per cent after announcing speedier launch of ‘more affordable’ models April 24, 2024 Tesla's stock soared by over 13 per cent in after-hours trading, marking a significant rebound from its lowest point in 15 months.
FTSE 100 closes at new record after breaching all-time high April 23, 2024 "This positive showing is exactly what’s needed to help repair the reputation of the UK stock market," Russ Mould, investment director at AJ Bell said.
Bank of England officials say rate cuts are ‘closer’ but jobs market remains ‘very tight’ April 23, 2024 Last week figures showed that inflation fell to 3.2 per cent in March, a two-and-a-half year low. However, this was still slightly above what economists had expected.