Trainline has announced a remarkable surge in operating profit, exceeding 100 per cent growth last year, propelled by robust ticket sales, according to its latest annual results.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Goldman Sachs Lifts Bonus Cap for UK Staff, Allowing Earnings up to 25 Times Annual Salary
Goldman Sachs has announced the elimination of a bonus cap for hundreds of its top UK bankers, enabling star performers to potentially earn bonuses up to 25 times their annual salary.
Sunak to Allow Oil and Gas Exploration at Offshore Wind Sites
In a significant move likely to spark controversy, the government is set to permit fossil fuel companies to conduct oil and gas exploration beneath offshore wind-power sites for the first time.
UK Export Finance Vows Fivefold Rise in SME Support
UK Export Finance, the government’s trade finance arm, has committed to a significant expansion in the number of businesses it supports by 2029, with a particular focus on small and medium-sized enterprises (SMEs), especially those led by women.
Coutts Shifts £2 Billion from UK Stocks to Overseas Funds, Sparking Concerns Amidst Market Uncertainty
Coutts has stirred controversy by reallocating nearly £2 billion of client funds from the London stock market to overseas investments.
Mulberry Faces Sales Decline Amidst Luxury Market Slowdown
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.
Amazon’s Profits Surge in Q1 2024, Driven by AI and Advertising Sales
Amazon announces robust earnings for the first quarter of 2024, with a significant boost in profits attributed to artificial intelligence and advertising sales. Explore the factors contributing to the retail giant’s continued success.
UK House Prices Decline for Second Consecutive Month Amidst Rising Mortgage Rates
Nationwide reports a 0.4% drop in UK house prices in April, the sharpest decline since last summer, attributed to increased mortgage rates impacting buyer affordability. Explore the implications for prospective homeowners and the housing market.
McDonald’s Faces Profit Disappointment Amidst Cost-Conscious Consumers and Middle East Conflict
McDonald’s misses profit expectations as CEO highlights consumers’ budget constraints and the impact of Middle East conflict on global sales. Explore the fast-food giant’s latest financial results and industry challenges.
Eurozone’s First-Quarter Growth Offers Respite from ‘Stagflation’ Concerns
The eurozone witnesses its fastest economic growth in two years, alleviating worries of ‘stagflation’. Explore how the region navigates challenges amidst rising inflation and ECB’s impending interest rate decision.
Taxpayers Face £85 Billion Bill as Bank of England Projects Losses on Bond Sales
The Bank of England predicts losses of £85 billion on bonds bought during crises, potentially burdening taxpayers. Learn how the bond-buying programme impacts the economy.
Royal Mail suspends counterfeit stamp fines, following Chinese surge
Royal Mail has announced a temporary suspension of £5 fines imposed on individuals who receive mail with counterfeit stamps, responding to concerns over the surge in fake stamps, particularly from China.
Easing pressure on shop prices has sparked hopes for potential rate cuts
According to data from the British Retail Consortium and NielsenIQ, shop price growth decelerated to just 0.8% in the year leading up to April, marking the slowest increase since December 2021.
Whitbread set to turn restaurants into hotel rooms resulting in loss of 1,500 jobs
Whitbread, the owner of Premier Inn, is to close underperforming restaurants and convert them into hotel rooms with the loss of 1,500 jobs.
Construction Skills Shortage Threatens Infrastructure Projects Amid Growing Pension Fund Interest
The construction industry faces a severe skills shortage, with the need to hire 500,000 workers to support major infrastructure projects. Despite pension funds showing increased interest in investment, planning delays and labour scarcity pose significant challenges.