Monthly Archives: February 2018

Bank of England bosses hint at higher interest rates to cut inflation

Telegraph Business Interest rates may have to rise more quickly and further than markets think to keep inflation under control, Mark Carney and his Bank of England colleagues have indicated. Domestic price pressures – the type which the Monetary Policy […]

Boss of Jamie Oliver’s restaurant empire admits ‘complacency’ led to Italian chain’s woes

Telegraph Business The new boss of Jamie Oliver’s restaurant empire has admitted that complacency and a lack of investment in its Italian branded chain forced it to launch its recent rescue plan. Jonathan Knight, who took on the top job […]

Metro posts first profit but stock slides as investors spooked by potential expansion costs

Telegraph Business Metro Bank has posted its first yearly profit and record growth in lending and deposits, but spooked investors by revealing a decline in its core profitability and capital cushion. The rapidly expanding challenger bank, founded eight years ago, […]

One in 10 KFC staff could be worse off after chicken delivery crisis

Telegraph Business The chicken delivery crisis which led to the closure of most of KFC’s stores this week could see one in 10 of its staff worse off, the company has said. The majority of KFC’s 900 stores are run […]

Homebase owner’s profits plummet as turnaround efforts fall flat

Telegraph Business Wesfarmers’ botched takeover of Homebase forced it to book a massive slump in profits today, casting further doubt on the logic behind the £340m deal. The Australian retail giant replaced Homebase’s senior management team after taking over in […]

Hotel Chocolat shrugs off high street wobbles

Telegraph Business The chief executive of Hotel Chocolat has shrugged off fears of high-street decline as the retailer revealed it had grown both its revenues and profit margin in the second half of 2017. Chief executive Angus Thirlwell, who founded […]

Unite to raise £170m as it returns to London market

Telegraph Business Student accommodation provider Unite plans to raise £170m to fund two developments in Oxford and London, marking its first scheme in the capital in five years. The company has signed agreements with Oxford Brookes university to build 887 […]

Stronger euro hits eurozone’s momentum

Telegraph Business Momentum has slowed slightly in the the biggest eurozone economies, Germany and France, and across the 19-country economic bloc, according to data released on Wednesday. The composite purchasing managers’ index (PMI), which combines survey data from both services […]

AA boss pledges to ‘unlock full potential’ as it warns on profits and cuts dividend

Telegraph Business The boss of the AA has set out plans to make the most of new technology such as connected cars and roll out an extra 65 vans as the company warned on profits and slashed its dividend. Simon […]

Lloyds Bank unveils £3.2bn payout for investors as Horta-Osorio outlines ‘digital’ future

Telegraph Business Lloyds chief Antonio Horta-Osorio has unveiled a £3.2bn bonanza for shareholders, alongside a new three-year strategy to overhaul the bank for “success in a digital world”. Britain’s biggest high street bank delivered a 41pc jump in net profits […]