Hargreaves Lansdown’s shares appear to rally as founder rounds on trading platform’s bosses over hybrid advice plans January 8, 2023 The co-founder of trading platform Hargreaves Lansdown has launched a scathing attack on “unnecessary and irrelevant” programmes launched by its outgoing chief today, after a collapse in the FTSE 100 firm’s share price over the past three years.
No crumpets: Warburtons off the shelves at Waitrose for a year after ‘performance’ issues January 8, 2023 AN UNLIKELY corporate row has broken out between Waitrose and Warburtons that has seen the nation’s favourite crumpet pulled from the shelves of the middle class’ supermarket of choice. Waitrose made the call after the Lancashire bakery’s products “didn’t meet our expectations” according to a report in the Telegaph. Warburtons’ chairman James Warburton meanwhile told [...]
Emmanuel Macron set for almighty row over plans to bump up French retirement age January 8, 2023 French President Emmanuel Macron’s government attempts to revive his economic reform drive and score a major political victory this week with a launch of the pension system’s overhaul in the face of vehement trade union opposition. Prime Minister Elisabeth Borne is to detail on Tuesday plans to make the French work longer, most likely by [...]
FTSE 350 firms up spending on ‘carbon offsets’ in race to net zero January 8, 2023 The UK’s top listed companies are increasingly using carbon offsets to achieve their net zero goals, new research shows. The vast majority (96 per cent) of Britain’s FTSE 350 companies have already upped expenditure on carbon credits over the past 24 months, while almost half (47 per cent) intend to increase spending dramatically over the [...]
EDF Energy backs Ofgem reforms as Centrica makes fresh ringfencing push in bid to ‘protect’ consumer balances January 8, 2023 EDF Energy has backed Ofgem’s plans to toughen financial requirements for suppliers - which stop short of full ringfencing.
Overdue – or a grave mistake? China re-opens borders but experts warn on spiking Covid-19 cases January 8, 2023 Travellers streamed into China by air, land and sea on Sunday, many eager for long-awaited reunions, as Beijing opened borders that have been all but shut since the start of the COVID-19 pandemic. After three years, mainland China opened sea and land crossings with Hong Kong and ended a requirement for incoming travellers to quarantine, [...]
Shareholders and investors row before crunch vote on Topps Tiles chairman Darren Shapland January 7, 2023 Topps Tiles has accused one of its top shareholders of misleading other investors with contradictory statements ahead of a crunch boardroom vote. MS Galleon, which owns 29.9 per cent of the tile retailer, last month requisitioned a vote to oust Topps’ chairman Darren Shapland and called for two new non-executive directors to be appointed. The [...]
Labour: Work from home but reverse pandemic retirement, over-50s urged January 7, 2023 Labour is hoping to tempt over-50s out of early retirement with the right to work from home. The shadow work and pensions secretary, Jonathan Ashworth, has outlined plans to entice over-50s to take up employment again. Speaking with The Daily Telegraph, Keir Starmer’s spokesperson on the issue, Ashworth, said Labour will launch a series of [...]
FTSE 100: Anglo American and Glencore power London premier index to 2019 high January 6, 2023 The FTSE 100 has extended its strong start to the year by closing at its highest level since the summer of 2019 today, powered by mining giants in London trading. The capital’s premier index clinched the landmark after a late afternoon surge, finishing up 0.87 per cent at 7,699.49 points. Miners led the FTSE 100 [...]
US Data in Focus as we begin 2023 January 6, 2023 | City Talk Back again for another year of trading and our focus immediately shifts to the world’s largest economy in the midst of the impending global recession that we are looking at heading into the rest of 2023. As manufacturing has showed a continuing slowdown this week we turn our attention to the first non-farm payrolls release [...]