Crypto’s engine idling as interest rate narrative controls the gears September 27, 2023 Bitcoin is down marginally by 0.2% over 24 hours, trading for $26,223, while Ethereum remains virtually unchanged at $1,590.
‘Higher for longer rates’ sparked shift to premium London office space September 27, 2023 Property developer Landsec reported strong demand for premium office space in central London, as firms react to the message of interest rates being “higher for longer.” The commercial real estate giant said office occupancy in Victoria, where half of its central London business sits, is now 100 per cent let and with £17m of lettings [...]
Flutter: Betfair and Paddy Power owner pays £123m for Serbian betting company September 27, 2023 The owner of major betting companies such as Paddy Power and Betfair, Flutter Entertainment, has bought an initial 51 per cent stake in Serbian gambling operator MaxBet Kladionica. The Irish gambling giant shelled out €141m (£123m) for MaxBet with an option to acquire the remaining 49 per cent in 2029. Shares nudged up over one [...]
Shepherd Neame: Pub chain posts record revenues as inflation woes start to cool September 27, 2023 Britain's oldest brewer Shepherd Neame is toasting record high first-half revenue as inflationary challenges begin to ease.
Asos’s treatment on the stock market shows up investor short-termism September 27, 2023 Bold leadership takes many forms: one such is at Asos, where boss Jose Antonio Ramos Calamonte has leant in to one of the more eye-catching methods of turning round a business – selling less, to fewer people. The early indications are that the strategy is paying off, with profitability per order higher today than it [...]
North Sea oil and gas industry ripe for M&A activity but constrained by lack of cash September 27, 2023 The North Sea is ripe for takeovers with multiple oil and gas assets up for grabs, but the lack of finances means few players will benefit.
London sees 24 per cent drop in first-time buyers as high mortgage rates bite September 27, 2023 London experienced a 24 per cent decline in the number of first-time buyers entering the market in the last year as high mortgage rates crush home-ownership dreams.
Amazon sued by US in landmark monopoly case after four-year probe September 26, 2023 The US Federal Trade Commission filed an antitrust lawsuit against Amazon as the government pressed on with its fight to rein in Big Tech.
Drax suffers share price scare after shorting schemes unveiled September 26, 2023 Drax's share price has endured a wild journey on the London Stock Exchange today, with backers seemingly spooked.
Tower Hamlets bin strike branded ‘health hazard’ brought to an end September 26, 2023 A Tower Hamlets bin strike branded a “health hazard” has been brought to an end after workers reached an agreement with the council. Refuse had piled up for days in the east London borough , with furious residents slamming the state of the streets as “ridiculous”, a “health hazard” and an “ongoing rat buffet”. But [...]