10:01
The price of a basic funeral has hit a record £4,285, with increased burial and crematorium fees alongside staff wages driving up costs.
13:52
Former Resolution think-tank chief Torsten Bell is the new Pensions Minister after his predecessor was appointed City Minister following a six-month stint in the post.
14:05
Investors must make sure they have their say as a US hedge fund targets popular investment trusts.
BP forced to delay crucial investor meeting as boss has surgeryThe FTSE 100 oil giant said it has delayed next month’s Capital Markets Day to allow chief exec Murray Auchincloss (pictured) to recuperate.This is Money
That is likely to see prices rise in sectors like hospitality and retail that employ substantial numbers of people and wear margins are already pretty thin.
Currys shares rose 11.12 per cent or 9.12p to 91.12p on Wednesday, having surged more than 90 per cent in the last year.
11:18
Rachel Reeves will have breathed a sigh of relief – though the respite may be short-lived.
09:38
Currys has upped its annual profit outlook after reporting a 2 per cent increase in underlying sales for the key Black Friday and Christmas trading period.
The slowdown will be very welcome for the government. It increases the scope for the Bank of England to cut interest rates, boosting growth and lowering the cost of borrowing.
Torsten Bell is new Pensions Minister: Who is he and what could he do?Torsten Bell became a new Labour MP at the last election after nine years as chief executive of the Resolution Foundation, an economic and social policy think-tankThis is Money
It said the closure is part of broader plans to run “fewer, better-equipped” offices amid efforts to cut costs back.
At its peak, inflation stood at 11.1 per cent. The latest ONS figures show that consumer prices index inflation fell from 2.6 per cent in November to 2.5 per cent in December.
13:01
Fuller’s said it was optimistic about hitting annual forecasts after enjoying healthy trade over the festive season.
Recruiter Hays hit by hiring slump in UK and GermanyThe London-based business revealed its like-for-like net fees slumped by 15% in the three months to December compared to the same period the previous year.This is Money
15:33
The owner of Royal Mail said it remained on track to return to annual profit after a parcel boost over Christmas.
That would create a little more financial headroom for the Chancellor and reduce the need for substantial cuts to public spending.
The tick down in inflation in December does raise the chances of a rate cut in February, but rising inflation this year means the Bank of England will cut rates cautiously.
Elon Musk in talks to buy TikTok in the USBeijing is discussing a scenario where Musk’s (pictured) social media firm X would buy TikTok’s US arm from Chinese owner Byte Dance.This is Money
The President will mark his return to the global stage when he appears virtually at the annual gathering of business and political leaders in Switzerland on Thursday – three days after his inauguration.
US-based Saba Capital Management is seeking to gain control of seven investment trusts and make wholesale changes.
Currys ups profit outlook as customers snap up AI laptops and phonesCurrys shares rose 11.12 per cent or 9.12p to 91.12p on Wednesday, having surged over 90% in the last year.This is Money
Official figures today show inflation in the UK dipped from 2.6 per cent in November to 2.5 per cent last month.
The consumer prices index dipped to 2.5 per cent in the year to December amidst falling hotel prices, according to the Office for National Statistics.
The social media platform, which has more than 2bn users globally, faces a ban in America on national security grounds.
“As part of this, we are building hubs and communities in key locations across the UK to help deliver on our strategy.”
Lloyds said it has not cut jobs as part of the closure plans. However, around 420 workers at the Speke office will be asked to relocate to its Cawley House office in Chester.
The average price has risen 3.5 per cent over the past year, pushing it above a previous pre-pandemic high of £4,194.
The update was revealed as the group’s £3.6billion takeover by Czech billionaire Daniel Kretinsky nears completion.
Vistry flags ‘uncertain’ market but avoids another profit warningVistry, which has issued three profit warnings since last October, reaffirmed its forecast of an adjusted annual pre-tax profit of around £250m.This is Money
16:48
Hays has become the latest British recruiter to report a fee slump following a hiring downturn across the UK and Germany.
Royal Mail owner IDS eyes return to profitIDS said Royal Mail delivered more than 99% of items that were posted on or before the recommended cut-off date in time for Christmas.This is Money
Fortress Investment Group said it has now made a 325p-per-share offer to buy the fast-growing hospitality chain, in a move which would value it at £354.4million.
Around 80 other workers based in Speke are working remotely or will be working remotely when the building closes, it added.
Inflation rate drops from 2.6% to 2.5%The rate of Consumer Prices Index (CPI) annual inflation fell to 2.5 per cent in December from 2.6 per cent in November, the Office for National Statistics said today.Mail Online
A Lloyds spokesman said: “In line with our commitment to enhancing our property estate, we are creating fewer, better-equipped, modern and sustainable offices to suit the future of our business.
That risks sparking an inflationary spiral. It could be a tense few months as we wait and see how things play out.
House prices rose by £10,000 over the past year, official data showsThe average home was estimated to be worth £290,000 as of November, but the picture varies across the UK.This is Money
However, we think there’s a significant risk that inflation kicks off again later in the year. Employers are set to start paying higher rates of National Insurance in April, pushing up labour costs.
08:53
Donald Trump will take centre stage at Davos next week when he delivers an address to the World Economic Forum.
Trump to take centre stage at Davos three days after his inaugurationDonald Trump will mark his return to the global stage when he appears virtually at the annual gathering of business and political leaders on Thursday.This is Money
It comes after reports in The Times that a number of significant shareholders, including Slater Investments and AXA Investment Managers, had indicated they would vote against the deal.
Business owners say poor HMRC service is causing ‘huge roadblock’HMRC customer service levels have plummeted to such lows that the majority of entrepreneurs say it is now affecting their business.This is Money
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