Costs are the biggest threat to growth, BCC says. According to the British Chambers of Commerce's latest economic survey, the manufacturing sector is performing strongly so far this year. However, the rising cost of overheads and raw materials are presenting a risk to growth in the medium term. So what can businesses expect in the next quarter?
Honest Coffees researched data from the 20 most populated cities in the UK to find out which ones were more coffee-friendly and which were more pub orientated. Cardiff came out on top with the highest ratio of coffee shops to pubs, 46 per cent of its drinking establishments are coffee shops. London and Belfast followed close behind. There are currently around 53,000 pubs in the UK
Tesco has reported an annual profit of £1.28bn, before exceptional items. That was a little more than analysts had been expecting. Like for like sales were just below 1%, the first full-year increase in UK like for like sales in seven years. But a record payment related to its historic accounting scandal dragged down final earnings number.
Now you may have seen that the top singer of our times Ed Sheeran's settled a 16-million pound copyright claim over his hit Photograph. An agreement's been reached out of court. The song photograph was just a simple ballad inspired by taking a picture of his beloved. But Ed Sheeran may be regretting ever picking up that camera,
Toshiba has filed its delayed financial results, warning that the company's survival is at risk. "There are material events and conditions that raise substantial doubt about the company's ability to continue as a going concern," the company said in a statement. The electronics-to-construction giant reported a loss of 532bn yen (£3.8bn; $4.8bn) for April to December.
Fresh details on price rises and wage growth this week are expected to underline the rising pressures on UK household budgets as the pound’s sharp fall since the Brexit vote continues to stoke inflation. The Bank of England has warned the economy’s main engine of growth, consumer spending, will lose momentum this year as rising living costs eat into people’s budgets. Economists expect official figures on Tuesday will vindicate those worries, with inflation forecast to have reached its highest level for more than three years in March.
Boris Johnson has claimed that that the US could launch further strikes against the Assad regime, ahead of key international talks to put pressure on Russia to rethink its support for its Syrian ally. The UK Foreign Secretary cancelled a planned trip to Moscow at the weekend, leading the Kremlin to swipe at the UK for lacking “real influence” internationally.
Google has added its fact check feature to search results globally, in a bid to help tackle the spread of "fake news". The search giant will now highlight "authoritative sources" in search results, with a summary of claims that have been fact-checked. Google says sites will be judged authoritative by an algorithm and the company will not be fact-checking news stories itself. It follows a Facebook campaign to help people spot fake news.
Upmarket fashion chain Jaeger has filed notice to appoint administrators putting the future of around 700 employees into question. The 133-year-old retailer filed the notice on 5th April and informed employees at the firm’s 25 shops of the move on Thursday, a spokesperson for Jaeger confirmed. So where did the company go wrong?
What's the problem with Pearson? Shares in the publisher have tumbled 10% in recent days. Analysts say the company's never recovered after selling off the Economist and the Financial Times, and then concentrating on education. James Brydges spoke to Mike Van Dulken, Head of Research at Accendo Markets to find out why.