Your Route to Real News

All news by author: Steve Charnock

1504
Holiday Inn owner reports travel demand returning to pre-Covid levels
Holiday Inn owner InterContinental Hotels Group (IHG) said it expects to end 2023 with a "very strong" financial performance as it said travel demand has bounced back to pre-Covid levels
567
Elon Musk teases new Twitter subscription service with 'no ads' and 'lower cost'
Tesla and SpaceX boss Elon Musk says the site will offer a "lower cost" version of X Premium, which will include all the features of the subscription but "no reduction in ads", alongside the more expensive ad-free version
472
Mortgage rates hoped to be nearing a peak as UK banks go under the spotlight
Barclays, Lloyds Banking Group and NatWest Group are due to update shareholders on their third-quarter earnings and outlook for the year
1317
Jim Ratcliffe could have a big influence at Manchester United
British billionaire Jim Ratcliffe is trying to buy a 25% stake in Manchester United, and if he is given responsibility of running the sporting side of the business, it would give him a real opportunity to improve the team's performance on the field
857
American Airlines posts $545 million loss for third quarter as revenue flat
American Airlines posted a disappointing loss for the third quarter of the year
454
Chancellor gets boost as government borrowing falls below expectations
The Office for National Statistics (ONS) said public sector net borrowing stood at £14.3 billion last month, £1.6 billion less than a year earlier
397
AI analyses Bank of England speeches to predict interest rate decisions
Researchers in the Sheffield Business School at Sheffield Hallam University used generative artificial intelligence (AI) program ChatGPT to analyse speeches made by Bank of England policymakers
1506
Top savings and current account providers revealed by Which? survey
The consumer group commissioned two surveys, one of more than 4,100 savers and another of more than 4,500 current account holders, to find out about their banking experiences
567
US investor I Squared to acquire London's red bus operator Arriva
The German owner Deutsche Bahn secured the sale, understood to be worth around 1.6 billion euros (£1.4 billion), after lengthy efforts to offload the firm to reduce its debt
1357
'Most-sought-after' Scotch whisky to be auctioned for over 1.2 million
A bottle of single malt whisky from the Macallan distillery is set to go up for auction next month, with an estimated price of up to 1.2 million pounds ($1.4 million), the auction house Sotheby's said Thursday
437
Children's charities warn Government to raise benefits in line with inflation
Children's charities have urged the Government to raise benefits at least in line with the latest inflation figures to help families whose finances are being 'pushed to the brink'
1338
FTSE 100 plunges as inflation worries spark fresh concerns over interest rates
The UK's blue chip index has dropped nearly 100 points with housebuilders among the stocks seeing the biggest losses
597
Think tank suggests Bank of England should have power to cut rates into negative
The Resolution Foundation has warned that the cost of servicing the UK's debt could soar to 5% of GDP if rates stay higher for longer and following current fiscal policy plans
1182
Nestle sales volumes fall as shoppers put off by price rises
Food and drink giant Nestle has revealed another fall in sales volumes as shoppers were put off by higher prices amid food inflation
405
West of England mayor urges Government to guarantee Rolls-Royce contract
West of England Mayor Dan Norris has written to Defence Secretary Grant Shapps asking him to confirm the Government will see through the Tempest and Eurofighter Typhoon contracts
508
Santander warns businesses of sophisticated impersonation scams targeting custom
Santander UK has told businesses to be on "high alert" to impersonation scams after seeing the number of its customers targeted by fraudsters double last month
975
Less than a fifth of people on middle incomes feel prepared for retirement
People were defined as being on a middle income if they had a personal income of between £25,000 to £44,999 a year
551
Business rates 'to be the final nail in the coffin for many firms'
Companies will face a rise in their business rates payments next year, with experts warning it will 'undoubtedly be the final nail in the coffin'
960
Energy firms to contact customers missing payments in service standards crackdow
Ofgem has issued new rules requiring suppliers to contact customers if they miss two monthly or one quarterly payments, check to see if they are struggling with bills and, if so, offer support such as affordable payment plans or repayment holidays
785
Average UK house prices 'little changed' in August as rental inflation soars
Average UK house prices in August were "little changed" from a year earlier, according to the Office for National Statistics (ONS), but rental prices continue to rise
566
Big Four Nature Charities Unveil Principles to Fight Corporate Greenwashing
The UK's biggest nature charities have published a set of principles for environmental "credits" to combat corporate greenwashing, which they say is damaging the sector
823
Repsol ad banned for not mentioning large-scale oil forms 'vast majority'
Repsol's ad for renewable hydrogen featured an image of a water droplet with the caption: "Renewable hydrogen, another alternative to reduce emissions"
1260
Chris Packham: Businesses are 'antidote' to unscientific climate decisions by po
The broadcaster and naturalist said he was optimistic when it comes to businesses tackling climate change
719
FTSE 100: Health and energy boost as UK stocks rally
The blue-chip index was boosted by gains for pharmaceutical firm AstraZeneca while BP and Shell saw another positive day of trading