HSBC’s profits fall as credit losses double to £1.9billion
HSBC’s third-quarter profits have tumbled more than 37 percent to £2.7billion due to surging loan losses, bad debt provisions and the sale of its French retail bank. Daily Express :: City and Business Feed More...
Rishi Sunak urged to take ‘caution’ with UK economy amid housing crash warnings
Rishi Sunak has inherited a weakened economy from Liz Truss, with the new Prime Minister facing an “enormous” challenge to re-stabilise the country’s finances. Daily Express :: City and Business More...
ASOS sizes up new plan for challenging times
ARMED with a new CEO, ASOS last week treated markets to a strategy update alongside its full-year results. Daily Express :: City and Business Feed More...
Two thirds of online reviews are negative – research finds
Two thirds of reviews left online are negative, a study has found. A survey of 2,000 adults, who leave comments on social media or websites about a business, product or experience, found they leave an average of More...
Nearly half of small businesses face slashing prices or giving out freebies this Christmas
Half of the UK’s small businesses fear they will be forced to slash prices before Christmas, because of the downturn in consumer spending. A poll of 250 SME owners found 45 percent have surplus goods they’re More...
‘Bad feeling!’ Tesla shares drop as Musk issues recession warning for China and Europe
Elon Musk became chief executive at electric car company Tesla in 2008. Daily Express :: City and Business Feed More...
Online fashion giant Asos plunges £32m into the red
ASOS chief executive José Antonio Ramos Calamonte says he wants to rip up the loss-making company’s business model and rebuild it. Daily Express :: City and Business Feed More...
Jeremy Hunt’s plans to hit banks with windfall taxes ‘will damage economy’, lobbyists warn
Chancellor Jeremy Hunt’s plans to hit banks with windfall taxes to plug Britain’s budget hole will hit jobs and investment, he was warned yesterday. Daily Express :: City and Business Feed More...
More than three-quarters of Brits want to shop local this Christmas – and would spend more
Brits across the country want to support local retailers this Christmas – despite the tough economic outlook. Research of 2,000 adults found 78 percent think it’s important to shop locally this festive More...
Grace plans ethical snacks social enterprise as it delivers jobs and dignity
Snacks are set to be next for Grace Enterprises, a social purpose business whose cleaning and events ventures are bringing hope to the long term unemployed. Daily Express :: City and Business Feed More...
