Among the companies with reports and trading updates today are Kingfisher, Hikma Pharmaceuticals, AstraZeneca, and Shawbrook Bank. Read the Monday 17 June Business Live blog below.
Third of used car buyers find previous owner’s personal data stored
One in three used car buyers say they’ve bought a motor that still had personal data belonging to the previous owner stored in it.
The majority of modern models are fitted with infotainment systems that can link to an owner’s smartphone and allows them to input their home address in the sat-nav as well other private details.
SSP Group shares top FTSE 350 fallers
Top FTSE 350 risers are…
Property asking prices flat in June says Rightmove
Property asking prices fell from their record high this month – but only by £21, according to Rightmove.
It means the average property on the market is now on sale for £375,110, though they typically sell for less with the average property sale price sitting at just under £289,000 according to the latest data from Halifax.
Pubs vanishing faster than expected as drinkers tighten their belts
The number of pubs disappearing from communities across England and Wales jumped a third over the first months of 2024 amid pressure on punters’ budgets, according to figures.
Official Government statistics have revealed 239 pubs were demolished or converted for other uses over the three months to March 31.
Founder of Melrose to list new firm on London’s junior stock market
The founder of aerospace technology group Melrose Industries is set to list a new firm on London’s junior stock market.
Former boss Simon Peckham is leading plans to launch Rosebank Industries on the AIM sub-market for smaller firms. And there are talks to raise more than £40m from institutional investors.
Interest rate cut hopes scuppered by election
Hopes of a pre-election rate cut are set to be dashed this week as economists warn that lower borrowing costs later this summer are ‘not a done deal’ either.
The Bank of England is expected to keep interest rates at 5.25 per cent when its Monetary Policy Committee meets on 20 June.
Green shoots for manufacturing as output grows
British manufacturers’ confidence is at its highest level in a decade as businesses hail ‘concrete signs’ of an economic turnaround.
A closely watched survey of firms has revealed a rebound in companies’ hopes about their growth prospects.
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BUSINESS LIVE: Kingfisher poaches British Land CFO; Hikma buys Xellia assets; AstraZeneca gains US approval
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