Maybe the HS2 money could be better spent on a Bitcoin treasury, Mr Sunak? October 6, 2023 Jason Deane bows out of Crypto AM Daily with some final thoughts on Bitcoin and narratives that shape our financial world.
Retail woes continue as sunny September slows fashion sales October 6, 2023 September proved to be another tricky month for retailers, with growth up just 0.2 per cent on last year, hit by hot weather and the cost of living crunch. According to latest figures from the accountancy firm BDO, clothing retailers saw sales fall 3.4 per cent during the month, compared with a 6.7 per cent [...]
HS2’s northern leg scrapped: What’s being planned instead – and has London been snubbed? October 5, 2023 It seemed unthinkable not long ago, but Rishi Sunak scrapped the Manchester leg of HS2 – and said it will be replaced by hundreds of new projects. The scrapping means everything past the London to Birmingham leg, which is already under construction, will be torched, with the PM citing ballooning costs for pulling the plug. [...]
This™: Plant-based protein firm backs profitability despite fears UK’s appetite for vegan food is waning October 5, 2023 The boss of plant-based protein maker This™ has insisted the firm is on track for profitability, despite fears the appetite for vegan products is fading.
New car market revs up in September but experts warn EV demand to slip on petrol ban U-turn October 5, 2023 New car registrations soared last month, as pent-up demand for new vehicles helped the auto sector motor towards its 14th consecutive month of growth.
Thursday opens with green candles and a surge from Avalanche (AVAX) October 5, 2023 The entire crypto market cap is up by 0.5%, as Bitcoin continues to take a robust hold above $27k, trading for $27,670 this morning.
The Square Mile and Me: Asif Aziz on turning London’s neglected spaces into eclectic landmarks October 5, 2023 Entrepreneur Asif Aziz – CEO of Criterion Capital and the operator of the London Trocadero and a host of London landmarks – has made the capital his playground What was your first job?When I was still in school, I was intrigued by the London property market. My first ‘real’ job was at Morgan Grenfell Laurie [...]
Metro Bank shares tumble on reports it needs £600m to shore up balance sheet October 5, 2023 Metro Bank shares tumbled by more than 20 per cent this morning after reports that the challenger is in talks to raise hundreds of millions of pounds in an effort to shore up its balance sheet. Metro has reportedly hired bankers at Morgan Stanley and Moelis to raise £600m in extra financing, which includes £250m [...]
Student housing provider Unite names new chief executive October 5, 2023 Student housing provider Unite has announced that chief executive Richard Smith is stepping down after seven years leading the business. Smith, 49, will be replaced by Joe Lister, who has been chief financial officer since 2008. He will take the helm on 1 January. Smith’s tenure saw the company expand significantly, with 157 properties now [...]
Imperial Brands to deliver full-year guidance as it launches £1.1bn buy-back October 5, 2023 Imperial Brands, the tobacco giant behind Lambert & Butler, Winston and Gauloises, has said it is on track to deliver its full-year guidance thanks to high prices of cigarettes and demand for tobacco alternatives. The cigarette company, which also makes Golden Virginia tobacco, said that strong pricing led by the rising costs helped offset historic [...]