Inflation rate falls to 2.3%
UK inflation is continuing to come down, dropping to the lowest level in almost three years. Prices rose at 2.3% in the 12 months to April, down from 3.2% in…
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Bank of England to expand its presence in Leeds
The Bank of England is planning to increase staffing at its northern hub. At least 500 employees will be based in its Leeds office by 2027, equating to around one…
Taylor Swift tour brings £1bn boost to UK spending
UK spending associated with Taylor Swift’s Eras Tour will reach almost £1bn, according to a new analysis by Barclays. Each fan will spend £848 on average to see the pop…
Pace of UK wage growth still high
Wage growth for UK employees remains high in the latest data, despite a rise in unemployment. Between January and March 2024, regular pay (excluding bonuses) grew by 6% compared with…
Heineken to reopen closed pubs
Brewing group Heineken is investing £39m to refurbish and reopen pubs in its 'Star Pubs' chain. As part of the investment, 62 sites that were closed in recent years will…
Trainline’s ticket sales pass £5bn
Trainline has reported over £5bn in ticket sales and strong profit growth for the year. Operating profit for the 12 months to 29 February 2024 doubled to £56m, with adjusted…
House prices dip as average mortgage rates rise
UK house prices fell slightly in April as borrowing costs weighed heavily on potential buyers. The latest monthly report from Nationwide showed that prices were down 0.4% compared with March,…
Premier Inn owner Whitbread to cut 1,500 jobs
Hotel and restaurant group Whitbread is planning to close some restaurants and expand its hotel business as part of a reorganisation announced on Tuesday. The company -- whose brands include…
Half a million UK firms struggling
The number UK businesses fighting for survival has increased in the past year, according to insolvency firm Begbies Traynor. A total of 554,554 firms -- across all major sectors --…
Persimmon expects to build 10,500 homes in 2024
UK housebuilder Persimmon has said it is on track to build between 10,000 and 10,500 homes this year as the property market continues to recover. In January-March the company completed…
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