Consumer price inflation rose for the first time in 10 months in December, jumping from 3.9 to 4 per cent, fresh data from the Office for National Statistics shows. The rise was a shock against forecasts the rate would ease to 3.8 per cent and will give the Bank of England pause for thought as it considers interest rate cuts this year.
The FTSE 100 closed down 112.05
Thick plumes of smoke could be seen drifting over the top of buildings today in the Gaza Strip’s southern city of Khan Yunis, the focus of recent fighting in a war that is now in its 13th week.
Fighting raged today across Gaza, where displaced Palestinians are ‘exhausted’, with no end in sight to the war between the besieged territory’s Hamas rulers and Israel.
The enclave’s Hamas-run health ministry said that 165 Gazans were killed over the past 24 hours,
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The New York Times added 180,000 new digital subscribers in its second quarter, the company said on Tuesday, bringing its total close to 10 million subscribers.
The company reported adjusted operating profit of $92.2 million for the three months that ended in June, up from $76.2 million in the same period last year. The company reported total revenue of $590.9 million, a 6.3 percent increase from a year earlier.
Revenue from digital and print subscriptions was $409.6 million, up 6.8
“We continue to expect to deliver strong organic growth to drive improved profitability in our e-products as we leverage our top-line growth and to continue to make the necessary investments to support the long-term profitable growth of our e-product portfolio,” BorgWarner CFO Kevin Nowlan said in a call with investors Wednesday.
The supplier’s net merger, acquisition and divestiture expenses spiked this quarter, up $47 million to $56 million. The company recently completed a spinoff of its fuel systems and aftermarket
The EV charger company Zapmap has paired with coastal road trip organisation South West 660 to help electric vehicle drivers planning to visit Devon and Cornwall this summer.
The famous route is 660 miles long and uses small, coastal roads across Dorset, Devon, Cornwall and Somerset, giving tourists scenic views of the countryside and the sea.
Mark Godfrey, Co-Founder of South West 660 welcomed the news and explained how the journey is enjoyable for electric vehicle drivers.
He said: “From
“We’re running our fleet very hot and we are very efficient in how we use our assets,” said Stephen Scherr, CEO of Hertz, in an interview.
Hertz had an average 82 percent of its fleet out for rental during the second quarter, up three percentage points from a year ago. Given the rebound in travel, Scherr said the company should be able to get that rate closer to 90 percent.
The company’s share price fell 7.5 percent to $16.59 as
On presidential nominations, Saudi sportswashing, Campaign 2024, cheating in golf, Tony Bennett, and more.
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The number of families paying inheritance tax (IHT) has increased by 17 percent, a new report published by HMRC shows.
In the 2020/21 tax year, total IHT liabilities rose 16 percent to £5.76billion while the average inheritance tax bill fell by one percent, down £2,000 but still to a staggering £214,000.
According to the report, the rise is likely due to both the knock-on effects of the COVID-19 pandemic on the volume of wealth transfers and IHT-liable deaths in that
SEOUL — Hyundai Motor raised its annual sales and profit margin guidance on Wednesday, after recording a 15 percent rise in quarterly net profit helped by a weaker won currency, robust sales of electric vehicles and increased production.
The world’s No.3 automaker by sales together with affiliate Kia forecast 2023 revenue would grow 14-15 percent, up from its January guidance of 10.5-11.5 percent, while its operating profit margin was upwardly revised to a range of 8-9 percent from 6.5-7.5.
“The
