Bitcoin and Ethereum drifting sideways as fears over Shanghai upgrade are yet to play out April 18, 2023 Bitcoin is again trading below the psychological $30k threshold after a strong push over the past week.
EasyJet profits expected to fly past £260m as demand and ticket prices soar April 18, 2023 Easyjet announced a £120m improvement in its first half performance year on year, as the low-cost airline continued to turnaround its business. Headline losses before tax for the first half are expected to be between £405m and £425m, in spite of economic challenges including inflation, rising fuel costs and preparation costs for summer. The airline [...]
Wise misses estimates as currency volatility slows cash transfers overseas April 18, 2023 Money transfer fintech Wise reported a slump in the amount of cash sent on its platform for a second consecutive quarter today as a cost of living squeeze and currency fluctuations unsettled customers. The London-listed fintech missed analyst estimates as the volume of money transferred per customer dropped four per cent on the previous quarter, [...]
Regulators must be kept in check, Tory MPs warn April 18, 2023 Tory MPs have warned powerful regulators operating “largely unchecked” are holding back the UK’s economy and “directly hindering” the country’s growth prospects. The backbench Regulatory Reform Group (RRG) has called for increased parliamentary oversight of the UK’s regulators – from water and energy watchdogs Ofwat and Ofgem to banking supervisor the Financial Conduct Authority (FCA). [...]
UK economic outlook: Moving from shaky ground to stability and growth April 18, 2023 | Sponsored Few would argue that UK businesses have had an easy time the last few years. Between the pandemic, cost-of-living crisis, and rising inflation, many had predicted an upcoming recession for the UK economy. Whilst we may have avoided a sharp economic downturn, there is no denying that businesses in the UK are still very much on rocky [...]
Decarbonising fleets ‘impossible’ due to absence of infrastructure and lack of plan, says HGV sector April 18, 2023 The heavy goods vehicle (HGV) sector is calling for an urgent government strategy to drive uptake of zero emission trucks, amid concerns over poor EV and hydrogen infrastructure. New analysis published by the Society of Motor Manufacturers and Traders (SMMT) revealed that HGV electric and hydrogen models account for just one in 600 trucks on [...]
Trevor Steven: Fixture pile-up means Manchester City MUST beat Arsenal in title showdown April 17, 2023 At this stage in a delicately poised Premier League title race you are looking for little signs of where the trophy might be heading, and in the last week Arsenal and Manchester City have provided some. On Sunday at West Ham, leaders Arsenal put themselves firmly in control with two early goals, only to let [...]
AA: Shareholders weigh up major sale of stake in roadside breakdown giant April 17, 2023 The AA’s shareholders are considering the sale of a significant stake in the £2.5bn breakdown specialists, as first reported by Sky News’ Mark Kleinmann. Towerbrook Capital Partners and Warburg Pincus have hired Goldman Sachs to advise on the deal, which could result in three shareholders taking an equal slice of the company. Analysts told Sky [...]
Live at Innovate Finance Global Summit April 17, 2023 IFGS returns for its 9th year to the historic Guildhall in the City of London to welcome the brightest and best from the financial services and fintech ecosystem and discuss the key issues facing the sector now and in years to come. City AM and Impact AM will be onsite as media partners for the [...]
Asda introduces self driving delivery vans in AI first April 17, 2023 Asda is rolling out its largest autonomous delivery trial with customers in London set to receive their groceries via self driving cars. The UK’s third largest grocery store is launching the scheme in partnership with Wayve, a developer of artificial intelligence for self driving cars, and the pair will use Jaguar I-Pace electric cars for [...]