British wages excluding bonuses grew by slightly more than expected at 6 per cent year-on-year in the three months to the end of March, giving the Bank of England pause for thought as it weighs the timing of its first interest rate cut. Economists had forecast wage growth of 5.9 per cent for the period.
However, the employment rate inched lower as unemployment crept higher – suggesting tightness
The FTSE 100 closed up 5.04 points at 7630.02. Among the companies with reports and trading updates today are IAG, Haleon, LSEG, Ocado and Howden Joinery. Read the Thursday 29 February Business Live blog below.
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A severe heatwave is set to scorch large parts of Australia while residents along the west coast have been warned to prepare for a cyclone.
The coast of Western Australia could see its first cyclone this weekend with the threat of ex-tropical Cyclone Lincoln redeveloping as it continues to track west.
Meanwhile, low to severe intensity heatwave conditions have been forecast over northwestern and interior parts of WA.
Low intensity heatwave conditions are expected over the southwestern region of the
It’s been a Christmas to remember in regional NSW after a town was covered in massive hailstones amid severe thunderstorms that are pelting the east coast.
Residents in Grenfell, 370km west of Sydney, are experiencing a white Christmas after golf ball-sized chunks fell as families prepared for the day’s celebrations.
Locals reported hail 10cm across falling in Orange as severe thunderstorms drove holiday-revellers in NSW indoors.
Featuring hail, heavy rain and dangerous winds, the storms have plagued the state along
On the cards: Laith Khalaf looks at what could happen for savers and investors in 2024
With inflation on the wane, the Bank of England is now tipped by markets to cut interest rates multiple times in 2024.
But ratesetters are keen to push back on these assumptions and three members of the Bank’s monetary committee voted for a rise last week, although they were outvoted 6 – 3 and base rate was held at 5.25 per cent.
Yesterday, the
Despite bad weather leaving Britons flooded out this summer, a heatwave could still be on the cards as long-range weather maps show a 40C plume heading towards Europe in the last week of August.
Families have been left gutted as the summer holidays has brought an unseasonably cold and wet season.
But with temperatures set to rise this week, there’s more good news as long range weather maps show better conditions heading into September with a heatwave still possible.
One
Picture the boreal forest, in northern Quebec, on the morning of June 1st. Bears, moose, and wolves roamed, circling its unusually dry lakes, bogs, rivers, and creeks. In the afternoon, after weeks of sunshine, severe thunderstorms suddenly rolled over the forest’s vast tracts of black and white spruce, subalpine fir, jack pine, and aspens. Lightning struck the ground repeatedly. A hundred and twenty-three fires were lit in a single day. The peat and duff of the forest floor began to
Startup automaker Fisker Inc. slashed its production forecast for the year on Friday due to supply chain woes, a common issue among smaller electric vehicle firms.
It now expects to produce between 20,000 and 23,000 vehicles in 2023, down from 32,000 and 36,000 units that Fisker projected in May.
The California-based company said it lost $87.9 million during the second quarter, slightly less than the $88.6 million it lost during the same quarter last year.
Fisker, however, recorded its
Heat is still raging across the Southern Tier of the country and along the central Gulf Coast.
SCIENTISTS PREDICT JULY WILL BE THE HOTTEST MONTH ON RECORD GLOBALLY
Heat across the southern U.S. (Credit: Fox News)
Temperatures – along with humidity – are exceeding 100 degrees Fahrenheit, setting daily and monthly records.
Severe storm threats across the U.S. on Thursday (Credit: Fox News)
Riding the ridge of high pressure that’s anchored over Oklahoma and Arkansas and helping to keep that
The latest weather maps show Britain basking in warmer weather with temperatures finally approaching 30C again later this month.
While many Brits in recent days might have been left wondering what happened to the summer, a spell of hot weather is forecast from August 10, according to maximum temperature maps.
WX Charts, a leading independent forecaster, shows the mercury starting to rise from August 10 with South East England seeing a maximum temperature of 25C.
The Midlands and South West
