Today's briefing
"Hello, it's Jeff. Let's not talk too much and start right on."
August 4, 2023
Wilko, the retailer, is at risk of collapse and administration unless a buyer is found due to a broken marketing strategy and supply chain disruption. Capita, an outsourcing firm, reported a pre-tax loss of £67.9m due to a cyber attack. A report suggests cash compensation for power line neighbors to accelerate renewable energy projects. WPP, the advertising firm, saw a 51% drop in profits but increased revenue as it focuses on AI. The Bank of England raised interest rates to 5.25%, causing concerns about Britain's economy.