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Inflation spike ‘raises questions’ over health of UK economy

  • December 17, 2024
The spike in inflation to 2.6 per cent today has raised questions about the health of the UK economy, according to analysts. The news comes ahead of the Bank of England’s meeting to decide the path of interest rates tomorrow, with markets agreeing that combined with higher-than-expected wage growth yesterday, a cut is off the [...]
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UK inflation spikes ahead of Bank of England rates decision

  • December 17, 2024
UK inflation spiked to 2.6 per cent ahead of the Bank of England’s meeting to decide interest rates later this week. Year-on-year inflation matched expectations of 2.6 per cent in November, up from 2.3 per cent in October, data from the Office for National Statistics revealed. Meanwhile, core inflation, which strips out volatile commodities like [...]
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Why Canary Wharf has just topped the list of UK retail destinations

  • December 17, 2024
The phrase ‘London retail’ tends to conjure up images of crowds on Oxford Street, boutiques in Marylebone or Chelsea, maybe a Westfield. Green Street, however, has just rated Canary Wharf as the number one retail destination in not only London, but the UK as a whole. Canary Wharf is certainly having a good year: In [...]
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Tortoise Media acquires Observer newspaper as deal finalised

  • December 17, 2024
The Observer newspaper’s sale to Tortoise Media has been confirmed after a deal was signed by The Scott Trust and Guardian Media Group (GMG). James Harding will take on the role of editor-in-chief while Lucy Rock has been appointed editor (print), the first woman to oversee the newspaper in 100 years. The Observer is being [...]
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Shoe Zone shares crash as Budget deals major blow to profit plans

  • December 17, 2024
Shares in Shoe Zone have plummeted to their lowest value for more than three years after the company warning the changes announced in the Autumn Budget has forced it to close a number of stores. The Leicester-headquartered retailer issued a trading update to the London Stock Exchange in which it revealed the impacted that “significant [...]
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