A monumental rebuild of Ukraine requires private sector bridges between London and Kyiv June 23, 2023 Sergii Pylypenko is CEO of Kovalska Group, one of Ukraine's largest firms. In a guest essay for City A.M., he calls on the private sector to get behind the country's rebuilding
London money managers bet on UK debt as interest rate hike threatens recession June 23, 2023 Money managers in London are scrambling to rejig their portfolios as they brace for a period of longer interest rate pain following the Bank of England’s move to hike rates again yesterday.
FTSE 100: London markets dip as investors fret over interest rate pain June 23, 2023 London’s premier FTSE 100 index has tumbled at the open this morning as investors grapple with the Bank of England’s move to hike rates to their highest level in 15 years yesterday.
Revolution Beauty looks to soothe jitters amid Boohoo boardroom bust-up June 23, 2023 Revolution Beauty has looked to soothe investor jitters with a trading update today after an attempted boardroom coup from e-commerce Boohoo earlier this week. London-listed beauty group Revolution has been embroiled in a row with Boohoo after a “hostile” attempt from the firm to place its own candidates on its board earlier this week. Revolution [...]
Hotel Chocolat shares plummet 13 per cent after profit warning on flagging consumer sentiment June 23, 2023 Hotel Chocolat shares have plummeted by around 12 per cent as the premium brand is expected to be back in the red. The retailer, which has fallen victim to cash-strapped Brits cutting back on luxuries, said it now anticipates revenue of £201.8m and underlying profit before tax of £0.3m for the 2023 financial year. It [...]
Wall Street drifts after Bank of England hikes interest rates again June 23, 2023 Stocks drifted to a mixed finish on Wall Street on Thursday as central banks around the world keep cranking interest rates higher in their fight against inflation. The S&P 500 rose 16.20 points, or 0.4per cent , to 4,381.89, even though the majority of stocks fell. A rebound for technology stocks helped to overshadow losses [...]
Soaring inflation forces Brits to tighten belts on groceries as summer clothes, DIY and fuel sales pick up June 23, 2023 Brits are still splashing the cash amid soaring inflation, with retail sales estimated to have increased by 0.3 per cent last month off the back of non-food splurging. The main driver of sales was online, with non-store selling volumes up by 2.3 per cent, while food store sales were down by half of one per [...]
St Paul’s revamp to create new public square June 22, 2023 St Paul’s gyratory is set to undergo a redesign as part of a drive to create bigger and better public spaces in London. The City of London Corporation has approved project proposals to “partially remove” the gyratory, built in the 1970s, and create the largest public square in the Square Mile. The area between the [...]
There may be mortgage pain, but these bankers say rates hikes could boost the City June 22, 2023 Numis says the higher cost of capital could scupper private equity takeovers and boost the IPO market
Ryanair and Wizz Air caught up in fresh greenwashing allegations June 22, 2023 Ryanair and Wizz Air are facing fresh allegations of greenwashing after the consumer organisation BEUC filed a complaint to the European Commission, naming them among the 17 European airlines accused of making misleading climate-related claims. The BEUC – which represents 46 consumer organisations in the European bloc – are calling for a continent-wide investigation in [...]