This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC Breadcrumb Trail Links News Economy Food prices hit a 41-year high Food prices hit a 41-year high, Statistics Canada said on Wednesday. […]
The Bank of England will have to hike interest rates by a record whole percentage point at its meeting on 3 November, City economists are betting today after inflation returned to a 40 year high of 10.1 per cent. Prices are still rising sharply despite the Bank already lifting borrowing costs seven times in a […]
The 24 October deadline set by Boris Johnson for finalising the UK–India trade deal will be missed after both parties have hit a roadblock in discussions. Although a detailed reason hasn’t been given by both sides, sticking points include a steep import duty on British whisky for sale in India, and demands for more visas for […]
Fintech giant Revolut has unveiled a new holiday home rental feature today as it looks to broaden its reach in the travel market and snap up market share from Airbnb. The $33bn valuation firm, headquartered in London, said today that the new Homes feature will allow users to book listed homes directly through the Revolut […]
Asos is to write off more than £100m of stock and cut costs after diving into the red after its annual sales growth almost halted as shoppers hit by the cost of living crisis reined in spending on fashion. The online fashion retailer said it had agreed a £650m banking facility to give it “financial […]
Network Rail workers are to stage fresh strikes in the bitter row over pay, jobs and conditions, threatening fresh disruption to services. Members of the Rail, Maritime and Transport union (RMT) will strike on 3, 5 and 7 November. In separate disputes, RMT members on London Overground and London Underground will strike on 3 November. […]
Greggs, the bakery chain, has won a landmark ruling in its legal battle over a £150 million pound insurance claim triggered by the coronavirus crisis. A High Court judge yesterday backed the majority of the FTSE 250 company’s claim for business interruptions caused by the pandemic, in a move that could cost Zurich Insurance tens […]
Eve Sleep has been bought by Bensons for Beds after it collapsed into administration under an “economic tsunami” that has seen its share price plunge by more than 80 per cent this year. Bensons has acquired the Eve Sleep brand, website and intellectual property for an undisclosed amount and plans to relaunch the mattress maker […]
Companies selling consumer goods face downgrades if political and market volatility continues, the ratings agency S&P has warned. It said ratings pressure was “most likely to be felt” in the retail, consumer products and property sectors as they were most exposed to the cost of living crisis and some companies were heavily indebted. The agency […]
Company directors could be jailed for not taking appropriate measures to prevent fraud at their organisations under proposals expected to be set out this week. MPs are due to propose an amendment to the economic crime and transparency bill which would include corporate and director-level liability for ‘failure to prevent’ criminal activity. Two all-party parliamentary […]