The Notebook: Victoria Scholar on why holiday spirit isn’t enough to power airlines’ profits October 10, 2023 Where the City’s top thinkers get a few things off their chest. Today, Interactive Investor’s Victoria Scholar takes the pen. Holiday spirit not enough to power airlines’ profits Global airline capacity (number of seats offered multiplied by distance flown) is finally on track to restore its pre-pandemic levels, according to data from Circium, reported by [...]
Government must ramp up ‘spin-out’ investment to capitalise on AI boom, top chief warns October 9, 2023 Government must ramp up investment in the UK’s ‘spin-out’ ecosystem to ensure Britain capitalises on a wave of artificial intelligence research and so-called deeptech coming out of universities, a tech chief has said.
Banks bullish on Arm one month on from Nasdaq float October 9, 2023 Shares in Arm jumped in early trading today after a number of major US banks issued a 'buy' rating for the stock just one month after the British chip designer floated on Nasdaq.
Clydesdale Bank loan misselling case begins in High Court as claimants seek £400m October 9, 2023 A £400m High Court case against Clydesdale Bank kicked off today with claimants alleging that business account customers paid hundreds of millions of pounds in unnecessary interest.
LME: Hong Kong owners pledge to ‘strengthen its stewardship’ of the industry after nickel crisis October 9, 2023 The LME will ramp up its oversight of the market following last year's nickel crisis, the boss of its parent company has pledged.
Rail workers ‘at war’ with government, union boss says October 9, 2023 Rail workers are “at war” with the government, a union boss has said, as Labour faced calls to commit to building HS2 in full. Mick Whelan, general secretary of the train drivers’ union Aslef, said his members have been on strike for 16 months in a “Westminster-driven” dispute. He accused the government of wanting to send [...]
Wayne Rooney to Birmingham rumours see supporters barrack Tom Brady October 9, 2023 Birmingham City supporters have targeted NFL great Tom Brady after the club were strongly linked with a move to hire Wayne Rooney as manager in place of John Eustace. Solihull-born Eustace was sacked on Monday after 15 months in charge, despite keeping the Blues in the Championships last term and guiding them to sixth so [...]
Israel vows complete siege of Gaza amid wave of strikes after incursion by Hamas October 9, 2023 Israel’s military ordered a complete siege on the Gaza Strip on Monday, halting entry of food, fuel and supplies to its 2.3 million people as it pounded the Hamas-ruled territory with waves of air strikes in retaliation for the militants’ bloody weekend incursion. More than two days after Hamas launched its surprise attack from Gaza, the [...]
EU suspends ‘all payments’ to Palestinians following Hamas attack on Israel October 9, 2023 The European Union is suspending “all payments immediately” to the Palestinians, the EU Commission announced on Monday. Commissioner Oliver Varhelyi said the bloc was making the move because of what he called the “scale of terror and brutality” of Hamas’s attacks against Israel. The surprise announcement came just hours after EU officials stressed that no [...]
Odey Asset Management looks to shut down wealth business October 9, 2023 Odey Asset Management plans to close down its wealth businesses after its eponymous founder stepped down amid a series of allegations against his behaviour.