Currys’ share price up after ‘better-than-expected’ Christmas trading January 18, 2023 Currys’ share price has spiked more than seven per cent, after it told investors this morning its Christmas profits were better than expected. The technology retailer reported better than forecast profits over the Christmas period, with sales in the UK offsetting a slow down in Scandinavia. The company said UK trade rose in the 10 [...]
Rafael Nadal: ‘Mentally destroyed’ tennis ace gives his verdict on retirement after shock Australian Open defeat January 18, 2023 Tennis ace Rafael Nadal admitted he was “mentally destroyed” and fearing another long injury absence after suffering a shock defeat in the second round of the Australian Open today. The defending champion and 22-time Grand Slam winner reported he had been hampered by severe hip pain during the 6-4 6-3 7-5 loss to American Mackenzie [...]
Davos round-up: Citi’s lazy homeworkers, Credit Suisse’s ‘horrifying year’ and ESG investing gets political January 17, 2023 As some of the world’s most important bankers gather at the World Economic Forum in Davos to discuss an array of economic, political and social challenges, City A.M. wraps up some of the top lines from the day. Credit Suisse’s “horrifying year” Credit Suisse’s own chair, Axel Lehmann, described 2022 as “a horrifying year for [...]
UK data agency plays down privacy risks of connected tech, as demand for Amazon Alexa and Google Nest show consumer trust January 17, 2023 The UK’s data watchdog has played down potential privacy concerns linked to connected technology, arguing that strong demand for devices like the Amazon Alexa and Google Nest suggest British consumers are not that worried. MPs from the Digital, Culture, Media and Sport Committee (DCMS) yesterday quizzed the Information Commissioner’s Office, as well as Amazon and [...]
Madonna announces major world tour with ‘outrageous sex appeal’ to celebrate her career January 17, 2023 Madonna has announced a major world tour that is touted to her her “biggest tour ever”. The 64-year-old wiped her Instagram in preparation for the announcement. “It’s going to be the biggest tour she’s ever done,” an executive told Billboard. They added that the tour will include “over-the-top production that delivers both “Material Girl” kitsch [...]
More abuse cases could come out of the Met after shocking Carrick crimes, Home Secretary warns January 17, 2023 More shocking cases of abuse and sexual violence could come to light in the Metropolitan Police, the Home Secretary said this afternoon. Suella Braverman told the House of Commons it was “imperative” the police force double down on their vetting processes after Met Police Officer David Carrick pleaded guilty to 49 offences across two decades, [...]
LVMH: Shares in luxury giant hit record high amid warning it’s ‘firing last cartridge’ on back of China’s reopening January 17, 2023 Shares of luxury goods giant LVMH soared to a new record high of £703.35 (€795.7bn) this morning, bringing the company’s market capitalisation to £350bn. LVMH (Moët Hennessy Louis Vuitton) continues to thrive after China’s reopening at the start of the year proving to be a major boost for the company, which relies heavily on luxury [...]
LendInvest: Property fintech brings Lloyds funding deal to £300m for mortgage market push January 17, 2023 LendInvest has secured a new £120m funding boost from Lloyds Bank today as it prepares a push into the UK’s £1.2tn homeowner mortgage market for the first time. The London-listed property fintech firm said Lloyds had now offered up a credit facility worth £300m after striking a deal for an initial £180m in October to [...]
Bitcoin up and over $21k while Ethereum sits comfortably above $1,500 January 17, 2023 The price of Bitcoin this morning is around $21,210, while Ethereum is changing hands for $1,565 - both up around 20% on the week.
Naked Wines: 2023 revenues likely to rise but challenging times still ahead January 17, 2023 Naked Wines increased its full year earnings estimates upward to between £13 and17m, compared to previous guidance of around £9m to 13m. In a trading update for the quarter ending 26 December 2022 Naked Wines said it expected trading performance to remain flat, trading compared to the previous year. There was no change to a [...]