Nairalanceblog

The combination of a sharper than usual seasonal drop in asking prices and employers holding firm on both hiring and firing adds to the case for a cautious Bank of England, which has kept rates on hold since December 2025. Weak housing momentum alongside soft hiring intentions points to a consumer backdrop that remains fragile, a dynamic likely to weigh on sterling and keep gilt yields anchored to dovish rate expectations into official labour data due Tuesday. The London-versus-north divergence in house prices also reinforces a narrative of an economy healing unevenly rather than broadly, which could complicate the BoE's read on underlying demand. Markets are likely to treat both data points as reinforcing rather than new information, given confidence readings have sat near post-pandemic lows for some time.--- Britain's housing market and labour market are both losing momentum at once, sharpening the case for a cautious Bank of England.Summary:Rightmove reported UK asking prices fell 2.0% in the four weeks to...

What’s striking about the latest UK jobs numbers is just how much the picture varies by sector. Overall, the backdrop looks stable – unemployment is unchanged at 4.9%, payroll employment is flat, and vacancies are levelling out. But as has been the case throughout this year, the government is performing a lot better than the private sector. Public sector payroll numbers are up 0.7% so far this year, where the private sector is down 0.5% – including a further decline through June. That weakness is particularly concentrated in consumer services – hospitality, retail and entertainment – where we’re seeing employment fall at close to 3% annualised rates, with that pace of decline showing little sign of easing off. We think that’s a consequence of last year’s National Insurance and minimum wage hikes, coupled with the fact that some of these sectors had begun to look overstaffed (weak productivity) after extreme post-Covid jobs market tightness. Source link...

Recently lodged papers show that M&Co, which started its life in Paisley as a pawnbroker before entering retail in 1953 as Mackays by family owners Len and Ian McGeoch, show that more than 600 unsecured creditors will lose more than £33m. New documents show the case moved from administration to dissolution in June and administrators' reports set out the steps leading to the failure of the business. UK high street retail giant collapsed with 168 stores closed and 1,800 jobs lost (Image: Getty Images) Adele Macleod, Gavin Park and Robert Harding, of Teneo, were earlier appointed joint administrators in the second such event. The firm first fell into administration during the pandemic with 47 stores and 380 jobs lost at the time. The assets were bought back by the family on that occasion but administrators again took control in 2022. The brand was acquired by Peterborough-based AK Retail Holdings, which owns Yours Clothing, for a...

A major UK hotel operator has been placed into administration.The firm operates in Scotland and England and remains open for business, and the story leads our weekly recap.All eight of its hotels across Scotland and England will continue to trade "while the administrators review the options" and all of the company's 410 staff "will be retained by the administrators to support them".Alistair McAlinden and James Dewar from Interpath have been appointed joint administrators to Strathmore Hotels Limited.The company's head office is in East Kilbride and it owns and operates a group of eight hotels across Scotland and the north of England, including the Alexandra Hotel in Fort William, the Ben Nevis Hotel & Country Club in Fort William and the Ben Wyvis Hotel in Strathpeffer.It also has the Cairn Hotel in Harrogate, the Cumbria Grand Hotel in the Lake District, the Nethybridge Hotel near Aviemore, the Royal Hotel in Oban, and the Salutation Hotel in Perth, described as Scotland's oldest.A...

Documents reveal for the first time events surrounding the collapse of the company founded in 1834 with the closure of all 168 stores, and that unsecured creditors face losing tens of millions of pounds. Recently lodged papers show that M&Co, which started its life in Paisley as a pawnbroker before entering retail in 1953 as Mackays by family owners Len and Ian McGeoch, show that more than 600 unsecured creditors will lose more than £33m. The brand had numerous stores in Cheshire. New documents show the case moved from administration to dissolution in June and administrators' reports set out the steps leading to the failure of the business. UK high street retail giant collapsed with 168 stores closed and 1,800 jobs lost (Image: Getty Images) Adele Macleod, Gavin Park and Robert Harding, of Teneo, were earlier appointed joint administrators in the second such event. The firm first fell into administration during the pandemic with...

The summer job has staged a comeback this year thanks to the hot weather and a packed calendar of events such as the men’s football World Cup, new UK figures show.Recent months have seen a significant increase in seasonal hiring in sectors such as hospitality and tourism compared with summer 2025, said the Recruitment and Employment Confederation (REC), which runs a monthly labour market tracker.It said that this time last year “there was concern about the death of the great British summer job”, but added: “This is the summer when the seasonal summer jobs market started to come back.“Exceptionally warm weather and a busy calendar of sporting, music and cultural events … has helped boost demand for workers.”A dip in postings for summer jobs last year fuelled concerns that squeezed employers would continue to cut back on seasonal hiring, which has traditionally given young people their first experience of the world of work.However, this year there has been a double-digit...

Areas of the country with the biggest increase in job adverts generally included Milton Keynes, Westminster, Solihull and the Orkney Islands, said the report. There were a total of 1,669,203 job adverts across the UK last month, a 7.7% increase from July last year, thanks to a big rise in hospitality and tourism jobs, recruiters said. Read More: Maxine Bligh, REC’s chief membership and innovation officer, said: “Exceptionally warm weather and a busy calendar of sporting, music and cultural events, such as the men’s football World Cup, has helped boost demand for workers. “It is not totally straightforward for young people to earn wages just yet, with many entry-level jobs still not bouncing back as much as we would like, but there are undoubtedly more opportunities across hospitality, tourism and construction than last year. “Now the challenge is to carry this hiring momentum into the rest of the year and across more sectors. There is...

The UK is the only country among Europe’s five largest economies where job postings have not fully recovered since COVID-19, remaining about 20% below their pre-pandemic levels as of late 2025. ADVERTISEMENT ADVERTISEMENT Demand for labour is shifting, with some occupations losing ground, while others are seeing strong growth. Data from global...

By Adegboyega Adeleye The right choice of courses to study in the UK is hugely relevant, as it helps to place you in the right pedestal in evolving job markets. The UK is regarded as an academic ‘hotspot’ and a top study destination because it hosts some of the most prominent universities in the world and offers world-class teaching. Consequently, if you want to gain academic prominence and success in your career, it is important to consider the best courses which serve such values and offer the biggest job prospects for graduates. Based on the potential for employability, salary value, and relevance, this article highlights the top ten courses that offer high job opportunities and can lead to high-paying jobs in the UK. 1. Computer Science and IT The tech industry in the UK continues to dominate as technology transforms every industry. A degree in Computer Science or IT gives you skills in coding, software development, cybersecurity, and data analysis. Many graduates get roles in fintech,...

Young people are bearing the brunt of the UK's weak labour market, according to new figures from the Office for National Statistics (ONS).Some 16.1% of people aged 16 to 24 are not able to find work, compared to a national unemployment figure of 5.1%.That does not include young people who are out of work but not looking for a job, due to ill health or who are still studying.Businesses, particularly in sectors that traditionally gave young people their first jobs, like retail and hospitality, say higher costs are leading them to cut staff or not take on new hires, which often hits young workers the hardest.But graduate-level roles are also proving harder to land.Lucy Gabb is currently working in a cafe in London while trying to break into the publishing industry. She graduated from Cambridge University in July 2025."Entry-level jobs are just so competitive and they're asking for experience that is just impossible to get whilst you're also studying," she...