‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
London tenants continue to suffer as rent reaches £597 per week August 14, 2023 The amount Londoners fork out on rent grew 12 per cent year-on-year in July, new figures show, topping £597 per week. According to data from London estate agent Foxtons, July saw an average of 21 rental applicants per new home arriving on the market, an 18 per cent increase month-on-month, however a 12 per cent [...]
Most European financial services bosses wary of ‘unintended consequences’ of AI August 14, 2023 A new survey has revealed the extent to which chief executives of European financial services companies are concerned about the potential dangers of AI. The latest EY CEO Outlook Pulse Survey has revealed that 63 per cent of financial services bosses are concerned not enough is being done to manage the “unintended consequences” of artificial [...]
Santander becomes latest bank to cut mortgage rates amid falling inflation August 14, 2023 Santander has become the latest high street lender to reduce the rates of its mortgage deals, following a stream of other cuts by fellow banks last week, in a signal of hope for prospective buyers. On Monday, the bank cut its selected residential purchase and remortgage fixed rates by between 0.05 per cent and 0.29 [...]
Avoid ULEZ options but tackle air pollution, Starmer says August 14, 2023 Cities should look at other options for tackling air pollution instead of schemes like London’s ULEZ (ultra low emission zone), Sir Keir Starmer has suggested. The Labour leader said no-one in the UK should be “breathing dirty air” but added that proposals for reducing air pollution should not have a disproportionate impact on people’s pockets [...]
Unilever will look at Russia business with a ‘fresh pair of eyes’ after criticism August 14, 2023 The new chief of Unilever has vowed to look at the company’s decision to operate in Russia with a “fresh pair of eyes,” after it was criticised for continuing to operate in the country. Hein Schumacher, who took over as head of the Dove soap maker in July, made the claim in a letter to [...]
Wilko bidders have until Wednesday to make an offer for troubled retailer August 14, 2023 Bidders for troubled retailer Wilko have reportedly been given until Wednesday to place offers for the company after collapsing into administration last week. A number of discount retailers and financial investors are considering offers for the company, and administrator PwC is seeking offers by the middle of the week, Sky News reported. Last week, the [...]
BBC sells iconic Maida Vale Studios to Hans Zimmer August 14, 2023 The BBC has sold its iconic Maida Vale Studios to a partnership of film producers and composer Hans Zimmer for an undisclosed sum. Once echoing with the sounds of music legends like The Beatles, David Bowie and Dusty Springfield, the recording hub has been sold to a partnership between film producers Tim Bevan and Eric Fellner, [...]
Jersey: the UK island an hour’s flight from London that feels totally foreign August 14, 2023 Jersey, an hour’s flight away, feels like a true escape, finds Libby Brodie THE WEEKEND: Famed for its blue waters and creamy fudge, Jersey is the charming British island only an hour’s flight from London. It’s popular with families, foodies and anyone craving sun and sea on their staycation. Only being 14 miles away, [...]
Forget Jack Daniel’s: discovering the real whiskey history in Nashville Tennessee August 14, 2023 Forget Jack Daniel’s, the real whiskey pioneer is the African-American who taught him. Josh Barrie raised a dram to a Nashville legend He’s in a cowboy hat and has a gun at his hip and he’s giving out swigs of moonshine liquor. This is Dan Call Farm, Shelbyville, the birthplace of Tennessee whiskey. At least [...]
L’Occitane share price soars as billionaire owner mulls deal to take business private August 14, 2023 Luxury French skincare brand L'occitane saw its share price jump 8.82 per cent this morning on the Hong Kong Stock Exchange following news its billionaire owner was mulling plans to take the business private.