The UK housing market showed unexpected resilience in October, with estate agents reporting increased sales, rising buyer inquiries, and a brighter outlook following the Autumn Budget. Despite pre-budget apprehension, the housing market outperformed expectations, according to the latest survey by the Royal Institution of Chartered Surveyors (Rics). Of the 269 estate agents polled, a majority […]
Today, around 99% of all businesses in the UK are classed as small and medium-sized enterprises (SMEs), employing around 61% of the private sector workforce.Yet, despite their critical role in the UK economy, many SMEs are struggling. A recent study found the number of small businesses in the UK has dropped from 5.9 million in […]
UK export growth could shrink by up to £8.5 billion over two years if a full-scale US-China trade war erupts, Allianz Trade has warned. A protracted trade conflict between the world’s two largest economies could severely impact the UK’s manufacturing sector, according to Allianz Trade, the trade credit division of the global insurance and investment […]
Meta Platforms has been fined €797.72 million (£663 million) by the European Commission over alleged anti-competitive practices involving Facebook Marketplace. The European Union regulator ruled that Meta breached competition laws by linking its social network with Facebook Marketplace, giving it an unfair advantage over rival online classified services. Margrethe Vestager, the European Commission’s executive vice-president […]
The Bank of England’s ability to set effective interest rates is being hindered by unreliable labour market statistics, according to governor Andrew Bailey, who has highlighted the shortage of accurate data on the UK’s workforce as a “substantial problem.” Speaking at Mansion House to an audience of City financiers, Bailey voiced his concerns over the […]
Breadcrumb Trail Links PMN PMN Business Author of the article: The Associated Press Joe Reedy Published Nov 14, 2024 • 2 minute read Article content Diamond Sports Group, the largest owner of regional sports networks, can emerge out of bankruptcy after having its reorganization plan approved Thursday. Judge Christopher Lopez gave the go ahead during […]
This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: GlobeNewswire Published Nov 14, 2024 • 15 minute read Article content MONTREAL, […]
Article content (Bloomberg) — The entire US Northeast faces an elevated threat of electricity shortages this winter during extreme cold weather, in part due to limited capacity on natural gas pipelines that supply power plants. All US regions have sufficient electricity supplies to meet their needs in normal weather conditions, the North American Electric Reliability […]