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UK house prices fall as Iran war uncertainty dampens demand
“Concerns about higher energy prices have pushed up inflation expectations, which in turn led to a rise in mortgage rates, reducing confidence that interest rates will be cut this year and dampening the initial momentum in the market seen at the start of the year.”
Nestle to axe 16,000 jobs as new boss pushes to cut costs
Food and beverage giant Nestle said it will cut 16,000 jobs over the next two years, as its new CEO Philipp Navratil pushes to focus on products with the “highest potential returns”. The Swiss company must “change faster” to keep pace with a changing world and adopt a “performance mindset” that does not accept losing…
British Gas boss says energy bills rise inescapable if prices stay high
The discussion of ways to mitigate any energy price rises came after the government’s cost-of-living tzar, Lord Walker, who is also chief executive of supermarket chain Iceland, suggested in the Sunday Times that energy companies and petrol stations should have their profits temporarily capped as oil prices jump.
Why the Northern Powerhouse Rail plan will really go ahead this time
“Build it from the north” was the cry from transport experts for years as tens of billions of pounds were channelled into projects in the south east, London, and even HS2’s viaducts, verges, and bat tunnels in the home counties. The wide-ranging Northern Powerhouse Rail (NPR) plan is not just about rail expansion to realise…
