Pearson sees sales boosted by English language learning rebound
The FTSE 100-listed firm said sales growth was driven by a post-pandemic resurgence in English language learning and normalisation of exams.
Source: aol.co.uk
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Truss resignation brings 'brief respite' for investors as pound rallies
The FTSE 100 closed 18.92 points higher, or 0.27%, at 6,943.91.
Source: aol.co.uk
Bensons for Beds rescues Eve Sleep brand after hiring administrators
Bensons acquired the brand, website and assets on Monday with plans to retain Eve as a standalone brand and relaunch its website.
Source: aol.co.uk
Markets soothed as new Chancellor sharply reverses mini-budget policies
Yields on 30-year government bonds, or gilts, eased back by around 10% as Jeremy Hunt set out plans to shave off billions of Government debt.
Source: aol.co.uk
UK economy to enter recession until summer 2023, financial experts warn
Britain’s economy is expected to shrink around 0.2% each quarter from October through to June next year.
United Kingdom Ey Item Club Association News United Kingdom Press Association News Anna Wise Uk Economy
Source: aol.co.uk
NatWest to shut 43 bank branches across UK
The UK’s second biggest lender said the vast majority of its retail banking services can now be done digitally.
Source: aol.co.uk
Government fiscal plan aligned with Bank could stabilise financial markets – IMF
It came as the IMF warned that the UK’s economic growth could improve in the short term but sharply reduce in 2023.
United Kingdom Pierre Olivier Gourinchas Kwasi Kwarteng Association News Government International Monetary Fund Office For Budget Responsibility
Source: aol.com
Sofa seller ScS says shoppers are putting off big-ticket buys as inflation bites
The furniture and flooring retailer said its revenues jumped by more than 8% in the year to July 30 but demand has begun to soften since.
Source: aol.co.uk
Three-quarters of UK business struck by labour shortages – survey
More than two fifths of firms affected by labour shortages think the Government should loosen its immigration rules.
United Kingdom Jennifer Beckwith Matthew Percival Pertemps Network Group Confederation Of British Industry Press Association
Source: aol.co.uk
Sterling falls against a stronger dollar as FTSE 100 slips into the red
The FTSE 100 closed the day a fraction lower, down 6.18 points or 0.09% to 6,991.09.
Source: aol.co.uk