It’s been an odd week for Bitcoin, but not as odd as it’s been for Twitter and Elon Musk July 7, 2023 As a 'Bitcoiner' Jason Deane details why he's uncomfortable with the prospect of one person being in control of the global chatter.
EP: 213 Sandown, Haydock & Hong Kong July 7, 2023 The Group 1 Coral Eclipse, run over a mile and a quarter, and the Group 3 five-furlong Charge at Sandown are the feature races at the Esher track this weekend. Paddington is the only 3-year-old runner this year and his trainer Aidan O’Brien joins us on today’s episode. Haydock is the venue for the Group [...]
A class act: why Executive Search firms are key to socio-economic diversity in financial services July 7, 2023 | Sponsored With vacancies in financial services hitting an all-time high this year, it seems employers are expecting more from Executive Search firms right now. There were 54,000 unfilled positions in April to June this year, according to research from the Financial Services Skills Commission. That’s more than the population of Durham, and a record number of vacancies [...]
FTSE 100 close: London’s premier index ends week lower after US jobs report July 7, 2023 London’s FTSE 100 closed the week lower as global markets grew increasingly nervous about the extent of interest rate rises still to come. The FTSE 100 closed 0.37 per cent lower at 7,253.43 while the domestically focused FTSE 250 performed more strongly, rising 0.54 per cent to 18,012.46. Investors were digesting the latest jobs data [...]
Savings rates: Banks recognise they need ‘to do more’ after meeting with regulator July 7, 2023 Bank bosses admitted to the regulator that they needed to “do more” to help customers access the best deals on savings products. In a statement after yesterday’s meeting, the regulator said “those in the room recognised that they needed to do more to help their consumers access the best rates.” Savings rates have lagged the [...]
London house prices fall at fastest rate since 2009 as rising rates dents demand July 7, 2023 UK house prices fell for the third consecutive month with properties in London and the south east coming under the most pressure. According to the Halifax House Price Index, the average house price fell by 0.1 per cent from the month before, taking the average price to £285,932. This means that over the last year, [...]
Retailers struggle to rack in sales in June as shoppers continue to scale back July 7, 2023 Retailers continued to show signs of struggling in June, new figures show, as sales growth remained well below inflation due to customers scaling back their shopping habits due to the cost of living crisis. Total like-for-like sales in June grew 1.9 per cent from last year’s base of 8.4 per cent, according to figures from [...]
Government has no idea what it is trying to achieve with ‘floundering’ HS2 Euston project, MPs warn July 7, 2023 MPs have slammed the government’s handling of a “floundering” HS2 Euston project this morning, amid mounting criticism over the scheme’s soaring costs and ongoing delays. In a highly critical report, the Public Accounts Committee (PAC) called on the Department for Transport (DfT) to “finally establish” its plans for the station against what it is willing [...]
Gatwick submits £2.2bn expansion plan as CEO hails airport competition July 6, 2023 Gatwick Airport has submitted an application for a £2.2bn second runway that could see passenger traffic double to 75 million. The west Sussex hub announced this afternoon that it had presented proposals to the government’s planning inspectorate, which aim to bring its emergency runway into routine use. Speaking to City A.M. ahead of the news, [...]
Legal talent war rages on as Baker McKenzie ups newly-qualified salaries to £118k July 6, 2023 Global law firm Baker McKenzie will increase the salary it gives to newly-qualified (NQ) London solicitors to a cool £118,000. The Chicago-based firm said effective as of 1 July, newly-minted lawyers will get a bump up from £110,000 a year. Last July, Baker McKenzie upped pay for NQs by £5,000. While many industries have been [...]