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Economy
Is Insider Selling at Likewise Group Plc (LON:LIKE) a Cause for Concern?
March 10, 2025 01:27 AM AEDT| By Team Kalkine MediaHighlights,Insider Andrew Simpson sold over 1.3 million shares of Likewise Group Plc,(LON: LIKE).,Likewise Group operates in the residential and commercial flooring distribution sector.,The company has seven distribution centres across the UK and ove...
Bank of England Likely to Hold Rates Steady Amid Rising Wage Inflation
December 18, 2024 04:27 AM AEDT| By Team Kalkine MediaHighlights:,Interest Rate Pause Expected:,Bank of England unlikely to cut rates this Thursday as wage growth remains high.,Wage Inflation Accelerates:,Regular pay rose 5.2% year-on-year in October, exceeding forecasts.,Rate Cuts Pushed Back:,Analysts...
UK Private Sector Employment Declines Amidst Rising Costs and Economic Stagnation
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Sharp Decline in Employment:,Private sector employment fell at the fastest rate since January 2021, marking the third consecutive month of job losses.,Economic Stagnation:,UK PMI reading held at 50.5, indicating flat growth with declining...
UK Economy Faces Recession Risks Amid Contraction and Gloomy Outlook
December 13, 2024 11:18 PM AEDT| By Team Kalkine MediaHighlights:,Second Consecutive Contraction:,UK GDP fell 0.1% in October, mirroring September's decline and raising recession concerns.,Sectoral Struggles:,Production and construction sectors contracted, while pubs and restaurants experienced a 2% dro...
UK Economy Contracts in October Amid Declining Production and Construction Output
December 13, 2024 09:48 PM AEDT| By Team Kalkine MediaHighlights:,GDP falls 0.1% in October:,Declines in manufacturing, mining, and construction output drive contraction.,Service sector remains flat:,Growth in telecoms and legal firms offsets weakness in retail and hospitality.,Year-on-year growth slows...
Sharp Decline in UK Job Demand as Business Confidence Hits New Lows
December 09, 2024 09:27 PM AEDT| By Team Kalkine MediaHighlights,UK job vacancies dropped at their fastest rate since August 2020, reflecting waning business confidence.,November marked the 13th consecutive monthly decline in staff demand, with permanent placements index falling to 40.7.,Rising employee...
UK Economic Growth Forecasts Lowered as Autumn Budget Sparks Concerns
December 06, 2024 10:06 PM AEDT| By Team Kalkine MediaHighlights,The Confederation of British Industry (CBI) downgrades 2024 UK growth forecast to 0.9% following the Autumn Budget.,Business costs and profit margins pressured by £40 billion in tax increases, dampening investment and hiring plans.,Inflati...
UK Unemployment and Wage Growth Rise Amid Falling Job Vacancies
November 12, 2024 07:37 PM AEDT| By Team Kalkine MediaHighlights:,Unemployment Rate Rises,: The UK unemployment rate increased to 4.3% in the three months to September, surpassing expectations.,Wage Growth Surges,: Average weekly earnings, including bonuses, grew by 4.3%, driven by one-off payments in t...
Powell Rejects Trump Dismissal Speculation as Fed Cuts Rates Amid Policy Uncertainty
November 08, 2024 07:37 PM AEDT| By Team Kalkine MediaHighlights:,Firing Speculation Quashed:,Jerome Powell states it is legally impossible for the White House to remove him from his role as Federal Reserve Chair.,Fed Cuts Rates:,The central bank lowered its benchmark lending rate by 25 basis points to...
Bank of England Governor Opposes Forced Pension Investment in UK Assets
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaHighlights:,Bank of England’s Andrew Bailey warns against mandating pension funds to invest in UK assets.,Consolidation of smaller pension schemes is being considered as an alternative to boost UK investment.,Pension industry and IMF caution that com...
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UK Inflation Dip Reduces Benefit Increase for Families Ahead of Budget
October 17, 2024 02:11 AM AEDT| By Team Kalkine MediaHighlights:,Lower Benefit Increase,: A 1.7% increase in benefits due to lower inflation will result in a modest £253 rise for families receiving Universal Credit in 2024.,Inflation Rebound,: October inflation is expected to rise, meaning families cou...
UK Inflation Hits Three-Year Low, Raising Prospects of Bank of England Rate Cuts
October 17, 2024 02:11 AM AEDT| By Team Kalkine MediaHighlights:,Inflation Drop,: UK inflation falls to a three-year low, with CPI at 1.7%, boosting expectations for BoE rate cuts.,Rate Cut Forecasts,: Economists anticipate consecutive 25 basis point cuts in November and December due to softer inflatio...
BoE Economist Pushes for Caution on Rate Cuts, Contradicting Bailey
October 05, 2024 12:32 AM AEST| By Team Kalkine MediaHighlights:,Caution on rate cuts:,Bank of England's chief economist Huw Pill advocates for a gradual approach to interest rate reductions, urging caution against cutting too quickly.,Contrast in leadership:,Governor Bailey hinted at a more aggressive...
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UK Economic Growth Revised Downward for Q2
September 30, 2024 04:42 PM AEST| By Team Kalkine MediaHighlights:,UK Economic Growth Adjusted:,The ONS reported UK economic output growth revised down to 0.5% for Q2, from a previous estimate of 0.6%.,Slow Growth Raises Concerns:,The downward revision highlights ongoing challenges in the UK economy amid...
Southern Water Warns of Potential Water Shortages by 2034
September 27, 2024 01:45 PM AEST| By Team Kalkine MediaHighlights,Southern Water warns of potential shortages,: The company indicates customers could face water scarcity by 2034 without significant supply measures.,Plans include importing water from Norway,: Southern Water is considering a last-resort op...
Protracted Dispute Is Resolved as Rail Workers Accept Pay Increase.
September 26, 2024 06:38 AM AEST| By Team Kalkine MediaHighlights:,Overwhelming Approval,: Rail workers voted overwhelmingly in favor of a new pay offer, effectively ending a prolonged dispute.,Salary Increases,: Agreements include a significant raise for the past year and an increase for the upcoming ye...
Keir Starmer Warns of a 'Difficult Road Ahead' in Labour Conference Speech
September 25, 2024 01:43 AM AEST| By Team Kalkine MediaPrime Minister Keir Starmer delivered a cautionary address at the Labour Party conference in Liverpool, reiterating that the UK faces a "difficult road ahead." In his speech, he referenced an impending "painful" Budget set to be unveiled next month....
UK Business Growth Stalls as Autumn Budget Approaches
September 23, 2024 09:36 PM AEST| By Team Kalkine MediaBritain's manufacturing and service sectors have dampened overall business growth this month, as uncertainty builds ahead of the upcoming Budget. Flash purchasing managers' index (PMI) figures from S&P Global revealed a reading of 52.9 for September,...
Pub Closures Slow as Industry Prepares for End of Tax Relief
September 23, 2024 09:18 PM AEST| By Team Kalkine MediaIn England and Wales, an average of 50 pubs have permanently closed each month during the first half of this year, according to recent figures released by real estate intelligence firm Altus. In total, 305 pubs have shut their doors, leaving the coun...
Bank of Japan Keeps Interest Rates Steady
September 20, 2024 06:25 PM AEST| By Team Kalkine MediaOfficials at the Bank of Japan (BoJ) announced on Friday that they would keep interest rates unchanged, reflecting an upgraded outlook on consumption and a heightened confidence in the economic recovery.,In a unanimous decision, policymakers opted to...
AI on the Rise: A Look at Top AI Companies and Their Stocks