CashNews.co The live music sector made a record contribution to the UK economy in 2023, as sold-out tours from the likes of Coldplay, Elton John and Beyonce buoyed ticket sales and hospitality around venues. New analysis shows the industry’s economic impact was £6.1 billion last year, a 17% uplift versus the previous year, helped by […]
CashNews.co By Maria Martinez BERLIN (Reuters) – German measures to incentivize workers to retire later come as governments across Europe are turning to pension reforms to address worker shortages and ease the burden on their pension systems. Here is what other European countries are doing. FRANCE Almost half of all developed countries are expected to […]
CashNews.co Elton John’s farewell tour was a highlight of the live music scene in 2023 (PA Archive) The value of the UK’s powerhouse live music sector smashed through the £6 billion barrier for the first time last year, according to new analysis today. The 2023 annual report from LIVE, the body representing the industry, said […]
CashNews.co The Scottish Government has put in “as much money as we can” to try to avoid strikes by council staff, Holyrood’s Finance Secretary has insisted. Shona Robison said, while it was “disappointing” that Unison, Scotland’s largest local government union, had voted against the latest pay deal, the issue was one for the council body […]
CashNews.co By Yamini Kalia (Reuters) – Britain’s Direct Line Insurance missed expectations for its half-year operating profit on Wednesday, after struggling to reinvigorate its business, but said it expected margins to improve at its motor insurance arm. The home and motor insurer has been trying to strengthen the company under CEO Adam Winslow after it […]
CashNews.co (Reuters) – Sterling held steady on Wednesday after a survey showed Britain’s services activity grew last month at the fastest pace since April, adding to signs of momentum in the economy. The pound was flat at $1.3115, hovering near a two-week low touched in the prior session. The currency has eased somewhat after a […]
CashNews.co Healthy levels of applications at the end of last year and the beginning of 2024 supported the mortgage sector’s growth in Q2, data from a trade body showed. The UK Finance Household Finance Review showed that while there was a quarterly decline in application volumes during the period, first-time buyer application numbers […]
CashNews.co Nvidia (NVDA) Shares in chip company Nvidia plunged on Tuesday, ending the session nearly 10% lower, amid renewed concerns around economic growth in the US. Figures from the Institute for Supply Management (ISM) showed that a measure of US manufacturing ticked higher last month but the metric reflected slowing factory activity, as the reading […]
CashNews.co LONDON (Reuters) – Britain’s services activity grew last month at the fastest pace since April and price pressures eased, according to a survey that pointed to a more benign inflation outlook and a settling of the economy after July’s elections. The S&P Global UK Services Purchasing Managers Index rose in August to 53.7 from […]
CashNews.co Online giant Amazon has announced a pay rise for its operational staff. The minimum starting pay for frontline operations employees will increase to between £13.50 and £14.50 an hour, depending on location. For those with 36 months’ service, the increase will be to between £13.75 and £14.75 and hour. Amazon said the increase was […]