Next forecasts bigger profits after hot weather lifts sales
Next raised full-year profit forecasts to £1.26bn after warm weather boosted sales, marking the fourth forecast increase this year for the FTSE 100 retailer.
Thousands of Barclays staff revolt over return-to-office mandate
Barclays staff have signed an open letter opposing the bank’s return-to-office mandate requiring three days weekly, seeking travel cost assistance and exemptions for distant workers.
Shop closures among concerns in ancient capital
Business owners and residents in Castletown, the ancient capital of the Isle of Man, cite empty shops, parking problems, and rising costs of living as major concerns affecting the constituency.
UK inflation: What is the rate and why are prices still rising?
UK inflation reached 3.1% in the year to August, exceeding the Bank of England’s 2% target, driven primarily by higher petrol and diesel prices.
What’s happening to UK interest rates and mortgage deals?
The Bank of England is expected to maintain interest rates at 3.75%, with uncertainty about future moves due to Middle East conflict-driven inflation concerns affecting mortgages, savings, and borrowing costs.
OpenAI targets work of Wall Street junior bankers with new ChatGPT for Financial Services
OpenAI unveiled ChatGPT for Financial Services, a specialized tool designed to automate research, financial analysis, and presentation creation tasks traditionally performed by junior investment bankers on Wall Street.