British Airways has created 1,700 jobs as it gears up for a summer boom allowing its parent company IAG to match last year’s operating profit bonanza of €3.5 billion. The recruitment drive at BA includes cabin crew and technology professionals to enhance the airline’s digital services. This move follows a 7% increase in capacity as…
The Bank of England now anticipates that inflation will decline more rapidly than previously forecasted, dropping below the central bank’s 2 per cent target for a sustained period. This projection implies a need for interest rates to decrease at a faster pace than what financial markets have currently priced in. According to the latest forecasts…
The Bank of England is anticipated to keep interest rates steady at 5.25%, marking the sixth consecutive hold on Thursday. This decision will come against the backdrop of persistently high inflation, which currently stands at 3.2%, exceeding the Bank’s 2% target. Alongside the interest rate announcement, the Bank will unveil its latest economic forecast, shedding…
Car manufacturers are sounding the alarm over slowing demand for electric vehicles (EVs) among private buyers in the UK, prompting urgent calls for government intervention to reignite interest in battery-powered cars. Despite an overall increase in UK vehicle registrations by 1% year-on-year to 134,000 in April, driven by fleet sales, private buyer sales witnessed a…
When it comes to upgrading your suitcase, certain components offer significantly more value in terms of durability, functionality, and ease of use. Understanding the aspects of luggage that contribute most to a hassle-free travel experience can help consumers make informed decisions about where to invest in upgrades. While many may consider aesthetic changes, it is…
PPC or pay-per-click Google Ads, as they are also known, can be a very effective strategy to drum up online business for many enterprises. Indeed, when used correctly, they can give sites a short-term boost of both traffic and conversions, ensuring businesses can reach their revenue goals. They can also have a great value ROI…
Mulberry, the British luxury brand renowned for its exquisite leather handbags, has encountered a 4% dip in annual sales, echoing broader trends of reduced spending among affluent consumers. Despite experiencing growth in international markets, particularly in the United States, the company grapples with challenges in the UK and Asia, reflecting the prevailing downturn in luxury…
In a pioneering effort to instil financial literacy at a young age, veteran investor Peter Davies of Lansdowne Partners recently sat down with Aryan Shekar, the 11-year-old Chancellor of the Exchequer for the Sir David Amess UK Children’s Parliament for primary school students. Accompanied by five other students from Westminster Under School, Shekar grilled Davies…
Vinted, the online marketplace for secondhand fashion, has achieved a significant milestone by reporting a remarkable 61% surge in sales, reaching nearly €600 million (£513 million). This surge has propelled the company into profitability for the first time, marking a significant achievement amid the burgeoning demand for “pre-loved” clothing. Based in Lithuania, Vinted attributes its…
The persistent decrease in job vacancies is underscoring a cooling labour market, fueling optimism for potential interest rate cuts in the coming months. According to the latest labour market report by Adzuna, a leading job search engine, vacancies have plummeted by over 17% year-on-year, with a further 0.5% decline on a month-on-month basis. The ratio…
Consumer confidence is on the rise in the UK, with a hopeful outlook towards financial prospects emerging for the first time in two years, according to NatWest. Paul Thwaite, the bank’s chief executive, noted that the alleviation of price pressures, as inflation gradually recedes, appears to be resonating with the general public. While headline consumer…
Microsoft’s strategic focus on artificial intelligence (AI) is yielding substantial returns, as evidenced by its impressive third-quarter revenue performance, surpassing Wall Street expectations. The company reported revenue of $61.9 billion, a 17% increase, and net income of $21.9 billion, a 20% rise compared to the previous year. A significant factor driving Microsoft’s success is its…
One of the most common questions I get asked by other business owners is whether getting investment from Dragons through Dragons’ Den guarantees success, and whether the experience is as daunting as it appears. So, here’s my experience. Honestly, I never applied to the show, and I never would have done, for several reasons. Firstly,…
The ongoing dispute between US lawmakers and TikTok has now reached a tipping point, with the Senate now passing a bill that will force TikTok owners to sell its stake in the company or see the app banned in the US. While we’re not going to see a ban occur anytime soon, with the bill still…
The UK government’s borrowing exceeded expectations by £6.6 billion over the past year, raising concerns about Chancellor Jeremy Hunt’s ability to implement significant tax cuts ahead of an anticipated general election. Official figures from the Office for National Statistics (ONS) revealed that the deficit reached £11.9 billion in March, highlighting the challenge of managing public…
