Wall Street: Stocks up as US winning streak kicks into a higher gear June 16, 2023 US stocks swept higher on Thursday, revving the longest rally for Wall Street in a year and a half into a higher gear. The S&P 500 rallied 1.2 per cent to reach heights untouched since April 2022. The Dow Jones Industrial Average climbed 428 points, or 1.3 per cent, while the Nasdaq composite rose 1.1 [...]
Adam Smith 300: Rainer Zitelmann interviews Eamonn Butler June 16, 2023 We don’t know his exact birthday, but June 16 is the 300th day of Adam Smith’s baptism. What’s clear however is that he changed the science of economics, and the nature of society, forever with his publication of The Wealth of Nations. It is still cited today as the most powerful argument in favour of [...]
Cold weather weighs down ‘flattish’ sales for H&M – but Swedish chain has reasons to be cheerful June 15, 2023 Fashion chain H&M has revealed weaker-than-expected sales over the latest quarter after demand was weighed down by chilly weather. The Swedish retail giant, however, added that June trading has started well amid improving conditions, driving an increase in shares in early trading. It told investors on Thursday morning that net sales were “flattish compared with [...]
National Grid claims Britain at lower risk of losing power in the winter than last year June 15, 2023 Britain will be at a lower risk of losing power this winter than it was last time, according to a report from the company that runs the grid. National Grid’s Electricity System Operator (ESO) said on Thursday that power plants, wind farms and other generation methods are expected to be able to provide more than [...]
‘This is a load of complete tripe’: Boris Johnson’s 1,700-word response to damning privileges committee report – read it in full June 15, 2023 Here is the full text of Boris Johnson’s statement in response to the Privileges Committee’s report: Boris Johnson’s response to Privileges Committee report It is now many months since people started to warn me about the intentions of the Privileges Committee. They told me that it was a kangaroo court. They told me that it [...]
Ofgem slaps E.On with £5m fine as customers get compensation for poor service June 14, 2023 Power supplier E.On Next has been ordered to pay £5m in compensation to more than 500,000 customers for “unacceptable” call services.
Warhammer-maker Games Workshop set for profits boost after Amazon deal June 14, 2023 Warhammer-maker Games Workshop said it is expecting to post a boost in profits for the the year today as it feels the lift of a blockbuster deal with Amzon signed in December.
Shell super-sizes dividend and ditches oil production cuts June 14, 2023 Shell will ditch a plan to gradually reduce oil production over the coming years and choose instead to “stabilise” production until the end of the decade. The bombshell announcement came in the same market update which revealed a 15 per cent dividend bump-up from the second quarter of this year. CEO Wael Sawan will also [...]
Knew it all along: Watching The Ashes at work is GOOD for productivity June 14, 2023 Cricket fans rejoice: a new survey reckons watching The Ashes live this summer is actually better for productivity than checking apps all day
Ukraine: 10 killed in Russia missile attack on high-rise block as fears grow of trapped survivors June 13, 2023 At least 10 people have been killed and dozens wounded after missiles hit civilian buildings in an overnight attack in the central city of Kryvyi Rih, Ukraine, a regional governor said. Serhiy Lysak, of the Dnipropetrovsk region, said the strike involving cruise missiles hit a five-storey residential building early on Tuesday and the area was [...]
