According to RICS, the Royal Institution of Chartered Surveyors, residential sales in the UK are lacking 'impetus'. Their latest residential market survey suggests that new buyer enquiries and sales have remained flat in the March and stock levels hit a record low as the number of properties coming to market continues to decline.
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?
United Airlines has had a PR disaster after it removed a passenger from an overbooked plane, with Twitter and Facebook users saying staff were heavyhanded. So what kind of damage do these social media reactions cause companies? And can they control the fire of internet user anger? Matt Cox spoke to Dan Appleby, Head of Client Services at social media marketing agency Drummond Central.
In the past month, only 83 US companies have published profit guidance, according to Bloomberg. However, banks including JPMorgan Chase & Co. and Citigroup Inc. are set to release results next week. But why is this season seen as significant for investors? James Brydges has been hearing from Colin Cieszynski, chief market strategist at CMC Markets.
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.
New research from the British Retail Consortium and KPMG suggests that retail sales for March are 'underwhelming'. What does this mean for retailers and the high street? Nigel was joined by Paul Martin, UK Head of Retail at KPMG, to discuss further.
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.
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