ECB official slams ‘opaque’ CDS market after Deutsche Bank’s share price drop March 28, 2023 A top official at the European Central Bank (ECB) has slammed the “opaque” nature of the credit default swap (CDS) market, after a sharp jump in prices of Deutsche Bank’s CDS caused the lender’s shares to plummet last Friday. Responding to a question about the sudden drop in Duetsche’s share price last week, Andrea Enria, [...]
Miliband slams North Sea oil and gas field as he unveils Labour’s Green Day March 28, 2023 Ed Miliband criticised the prospect of Rosebank - a new mega gas and oil field being approved in the North Sea.
BP and ADNOC offer to buy 50 per cent of Israel’s Newmed Energy March 28, 2023 BP and Abu Dhabi's state oil giant offered to jointly acquire 50 per cent of Israeli gas producer Newmed Energy for around $2bn,
Fix your leaks first: Environment Agency rejects Thames Water’s drought plan March 28, 2023 Thames Water will have to plug millions of leaks before it is allowed to scoop up water from the River Thames to tackle droughts when they arise.
Superloop or ‘Superflop’? Khan unveils £6m bus network connecting outer London ahead of ULEZ expansion March 28, 2023 Sadiq Khan has unveiled plans for a new “Superloop” orbital bus network linking services around outer London. Express bus routes on the network will have limited stops, faster journey times and connect outer London, City Hall says. The mayor of London is funding £6m towards the scheme, but TfL says it will cost much more. [...]
FTSE 100 close: Barclays charge runs out of steam as Deutsche Bank swings to losses March 28, 2023 London’s FTSE 100 was pulled higher by banks clawing back losses yet again today, with Barclays and Standard Chartered initially leading the charge before running out of steam heading into the close. The capital’s premier index jumped 0.17 per cent to 7,484.26 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with [...]
Boots advantage card helps sales soar as shoppers sign up to bag beauty bargains March 28, 2023 Boots has reported a surge in sales as the high street chemist benefited from savvy shoppers keen to rack up points on its advantage card loyalty scheme. In the three months to 28 February 2023, the retailer’s sales increased 16 per cent as customers shrugged off the cost-of-living crisis to splash out on skincare and [...]
UK should not push through Edinburgh reforms, top banking expert warns March 28, 2023 The government should not relax financial sector regulations at a time when banks are already facing severe pressure, a senior banking expert has warned. John Vickers, former chair of the independent commission on banking, told City A.M. that “current events should put an end to any thoughts of rolling things back,” referring to the government’s [...]
Tech Nation in talks with Brent Hoberman’s Founders Forum as wind-down date looms March 28, 2023 Start-up quango Tech Nation said it is in talks to sell its brand to Brent Hoberman’s Founders Forum today as it prepares to wind down at the end of this month.
Can online favourite Ocado make a comeback, or will its share price sink lower? March 28, 2023 Ocado’s share price fell nearly six per cent in afternoon trade as the “magic” of the online retailer’s venture with Marks and Spencer did little to buoy the confidence of investors In its start of year trading update Ocado revealed that retail revenue grew slightly by 3.4 per cent, although a 7.5 per cent decrease [...]