London firms’ hiring expectations improve but ‘still a long way to go’
The overall hiring outlook still remains negative
Boxpark wins planning permission for Liverpool Street food hall
CEO Simon Champion says the venue should attract City workers “looking for something different”
Bank holidays and good weather help UK retail sales grow again in May
That’s well ahead of the 0.2% decline predicted by economists
Bank of England interest rates hit 5%
Jumbo hike of half a percentage point is the 13th consecutive rise, cost of borrowing to its highest since 2008
Bank of England mulls interest rate ‘jumbo hike’ amid inflation spiral
With inflation stuck at 8.7%, economists said a jump straight to 5% interest rates might be needed
Londoners face £1,000 monthly mortgage bills hike in inflation fight
The average two-year rate continued to surge today, hitting 6.19%
Why is the UK’s inflation rate higher than other wealthy countries?
The UK’s 8.7% CPI figure in March compares with 6.1% in the eurozone and 4% in the US
Mortgage mayhem as 143 more deals pulled but worst may still be coming
More lenders may withdraw their deals by the end of the day
UK inflation stuck at 8.7% in another cost-of-living shock
The higher-than-expected figure likely means more interest rate rises
Revolution Beauty in legal fight with ex-boss over share suspension
Revolution shares have been suspended since September of 2022 after it couldn’t get auditors to sign off on its accounts
Record number of London offices rented for £100 per sq ft
The deals are often driven by tenants looking for more sustainable offices in central LLondon locations.
Habitat for Humanity sets sights on office-to-home conversions
It’s already copleted two such conversions in the borough of Barking and Daghenham
Sustainable fashion brand Pangaia takes out new Chancery Lane office
It said the location was “carefully considered” based on environmental factors
Interest rates could hit 6% as City fears Bank losing inflation battle
The picture could get significantly better or worse this week with two key economic events on the calendar
Mortgage mayhem goes on as two-year rates cross 6% threshold
It comes as Rishi Sunak this morning signalled there will not be any extra help given to people struggling with mortgage payments
Public expects inflation to fall to just 3.5% by next May
Inflation expectations were down from 3.9% in the previous survey
Tesco boss offers cautious hope that inflation is easing
But he added that bringing down prices was “not all straightforward”
ASOS shares jump as CEO convinces investors turnaround plan’s on track
The online retailer returned to profit in the three months to the end of May
CEO of bathrooms supplier Norcros sees ‘costs moderating’
“We are seeing costs moderating, especially on the raw materials side”
Vodafone and Three merge to create UK’s biggest mobile network
But the deal could face a roadblock in getting approval from the monopolies watchdog