Inflation here, inflation there – when will governments see Bitcoin fixes this? May 26, 2023 Jason Deane rounds up the narratives and looks at the questions facing the economic world as one answer endures... 'Bitcoin fixes this'.
Asos share price in focus after £75m cash call May 26, 2023 Asos has tapped shareholders for £75m as the loss making retailer attempts to repair its balance sheet. The pure-play digital retailer revealed the plans to investors yesterday, with the fundraising underwritten by three shareholders including Danish billionaire Anders Povlsen, the owner of Bestseller through his investment vehicle. In a separate cash building move, Asos also [...]
How a telecoms exec, a Rugby World Cup winner and a host of chemists are plotting a quiet tech revolution May 26, 2023 On a non-descript industrial estate on the outskirts of Cambridge, a former telecoms executive, a Rugby World Cup winner and some disarmingly intelligent chemists are plotting a revolution that could change the shape of global politics. If that sounds overwrought, consider the phone in your pocket. The metals that make up that extraordinary piece of [...]
Retail sales up in April but analysts warn on implications of further rate hikes May 26, 2023 Retail sales volumes recovered slightly by 0.5 per cent in April as the sector was lifted by the Easter holidays, however high inflation and strains on household finances continue to hinder spending. Non-food stores sales volumes rose by 1.0 per cent during the month, data from the ONS shows, following a fall of 1.8 per [...]
Ealing and Woolwich among Elizabeth line winners as house prices surge May 26, 2023 Boroughs located along the Elizabeth Line have seen a surge in house prices as the new line cuts City commuter times from areas like Ealing and Woolwich. As London battles a lack of supply, the quick transport links introduced by Crossrail have seen the price of homes in Ealing Broadway rise nine per cent in [...]
Asda owners tying up £10bn merger with petrol giant EG May 25, 2023 The billionaire owners of Asda and petrol giant EG are reportedly gearing up to tie a ribbon on their £10bn merger in Britain. The deal, which will create a cluster of 170,000 employees and revenues of £30bn, is set to be announced on Friday, according to reports in Sky News. If confirmed, the group will [...]
Man arrested after car crashes into Downing Street gates May 25, 2023 A man has been arrested after a car crashed into the gates of Downing Street. Police have cordoned off a large area on Whitehall, in Westminster, after the incident took place at around 4.20pm. Prime Minister Rishi Sunak is reportedly understood to be in No10 this afternoon. The BBC has reported that staff have been [...]
Once on this Island, London musical review: Gorgeous but problematic May 25, 2023 Once on this Island review and star rating: ★★★ There’s nothing that signals the start of summer so brightly as the Regent’s Park Open AirTheatre, which has kicked off its 2023 season with an adaptation of the musical Once on this Island. It’s a beautiful production, with some brilliantly catchy songs, but it’s hard to [...]
eTukTuk announced as headline partners for Crypto AM SOLSTICE event May 25, 2023 Crypto AM is delighted to announce thateTukTuk– the first automotive project onCardano– has been confirmed as a Headline Partner for the upcoming Crypto AM SOLSTICE: 5th Birthday & Unlocking Summer Party being held at Boisdale of Canary Wharf on June 21. The day will be made up of six, hand-picked panels featuring an impressive roll [...]
Pets at Home to open 40 new stores as pandemic puppy trend looks here to stay May 25, 2023 Retailer Pets At Home has unveiled plans to open at least 40 new stores across the UK under aims to become the “world’s best pet care platform” after posting record annual results. The firm’s chief executive Lyssa McGowan said the group was spending £400m on an ambitious growth strategy that would see it expand its [...]