Despite the financial crisis, the United States is creating jobs at a healthy rate.

Creative Media NewsSaturday, 6 May 2023, 8:000

Despite the turmoil in the banking sector and the impact of higher borrowing costs, job creation remained robust in the United States last month. Employers added 253,000 positions, exceeding the expectations of many analysts. The unemployment rate returned to a multi-decade low of 3.4%. The gains served as a reminder of the US labor market’s...

HBC, a London-listed Coca-Cola bottler, earns from higher prices and sales.

Creative Media NewsFriday, 5 May 2023, 20:000

The bottle manufacturer for Coca-Cola hopes to increase profits following a slow start to the year. Coca-Cola HBC, a company listed on the London Stock Exchange, reported a 24.4% increase in first-quarter revenues to £1.91 billion due to robust demand and successful price raises. The company, which bottles beverages for the U.S. behemoth and whose...

L&G closes its modular housing factory, resulting in the loss of 450 employment.

Creative Media NewsFriday, 5 May 2023, 8:000

Legal & General is expected to reduce its workforce in Selby, Yorkshire, as demand for its modular homes has fallen short of expectations. Legal & General (L&G), an FTSE 100 asset management and pensions behemoth, will shutter its modular housebuilding factory, putting 450 jobs at risk and casting doubt on the future of an ostensibly...

Shell gives shareholders £4.7bn as quarterly profits beat expectations.

Creative Media NewsFriday, 5 May 2023, 4:000

Strong fuel trading helps the company mitigate the impact of lower oil and petrol prices in the first quarter of the year, allowing it to match the dividends distributed to shareholders in the fourth quarter of 2022. Shell has disclosed that it will distribute an additional $6bn (£4.7bn) to its shareholders after its latest quarterly...

Diesel ‘rip-off’ as wholesale costs cheaper than petrol for over a month, RAC argues.

Creative Media NewsThursday, 4 May 2023, 14:000

The motoring group asserts that motorists and businesses are overpaying for diesel and that the government must take action to guarantee market transparency throughout the United Kingdom. A motorist organisation alleges diesel drivers being “ripped off” at the pumps by 16 cents per litre. Along with others, the RAC has long argued that British motorists...

Fed increases US interest rates to their greatest level in 16 years

Creative Media NewsThursday, 4 May 2023, 10:000

To stabilize prices, the US central bank has raised interest rates to their highest level in 16 years. The Federal Reserve raised its benchmark interest rate by 0.25 percentage points, marking its tenth increase in fourteen months. The Fed indicated that Wednesday’s increase may be its last for the time being. Its benchmark rate is...

Is this a banking crisis? Should I be concerned?

Creative Media NewsWednesday, 3 May 2023, 8:000

The news is replete with emergency meetings, central banks providing credit lifelines, and falling bank stock prices. No surprise people are wondering if this is the beginning of a new financial crisis. Politicians, such as the prime minister of the United Kingdom, and central banks assert that the situation is now stable. However, financial stocks...

Greene King celebrates annual profits and lower expenditures.

Creative Media NewsWednesday, 3 May 2023, 6:000

During the current cost of living crisis, the largest integrated pub operator and brewer in the United Kingdom has prioritized adapting menus to limit price increases and maintain value for customers. The chief executive of Greene King has told it is starting to see an easing of some cost pressures and hopes the trend will...

Vue considers Birch for board seat.

Creative Media NewsTuesday, 2 May 2023, 12:000

Vue considers Birch for board seat.

First Republic: JP Morgan to acquire a significant US bank

Creative Media NewsTuesday, 2 May 2023, 6:000

Monday, the Federal Deposit Insurance Corporation (FDIC) issued a statement confirming that First Republic Bank had failed. The investment banking titan JP Morgan will acquire all of First Republic’s deposits and the preponderance of its assets. First Republic is the third US bank to fail in recent months, sparking concerns of a more widespread banking...

Superdry is in advanced negotiations to fashion a £15 million liquidity call.

Creative Media NewsSunday, 30 April 2023, 0:000

The Julian Dunkerton-founded clothing retailer could disclose plans to raise more than £10 million through a share sale as early as next week. Superdry is in advanced discussions regarding a near-£15 million share sale as it scrambles to bolster its balance sheet amid challenging trading conditions. After discussions with City financiers, the chain led by...

Furious Microsoft CEO: UK confidence ‘severely affected’

Creative Media NewsFriday, 28 April 2023, 14:000

The EU is a superior place to start a business, according to the president of Microsoft, who criticized the UK for blocking its acquisition of US gaming company Activision. Brad Smith called the decision “bad for Britain” and Microsoft’s “darkest day” in Britain after 40 years. The regulator replied that it must serve people “not...

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