Elon Musk announces successor as Twitter chief – and that it’s now called X Corp May 12, 2023 Elon Musk said that he has found a new CEO for Twitter, or X Corp, as it is now called. He did not initially name the person but said she will be starting in about six weeks when the announcement was made on Thursday. On Friday he took to the site to say the new [...]
West Ham: East London club keep European dream alive with Conference League win over AZ Alkmaar May 12, 2023 Goals from Said Benrahma and Michail Antonio kept West Ham’s dreams of a first trophy in 43 years alive after a 2-1 victory in the first leg of the Europa Conference League semi-final against AZ Alkmaar. The Hammers were big favourites to beat the Dutch dark horses, but were put on the back foot at [...]
Ukraine’s Eurovision Song Contest in Liverpool: Is Moscow competing, can Russia vote and are they broadcasting it? May 12, 2023 The 67th Eurovision Song Contest is taking place in Liverpool this year after the UK was chosen to host on behalf of war-torn Ukraine. It is the first time the competition has been held in the UK for 25 years – and Russia will not be competing. Why is Russia absent from the contest? Russia, [...]
Disney woes and health of banks edged Wall Street lower May 12, 2023 Wall Street edged lower on Thursday, weighed down by a sharp drop for the Walt Disney Company and flaring fears about the health of some US banks. The S&P 500 lost 7.02 points, or 0.2 per cent, to 4,130.62, with two out of every three stocks in the index falling. The Dow Jones Industrial Average [...]
Rail strikes: Walk out today to cripple services across UK disrupting Eurovision celebrations May 12, 2023 Rail passengers face fresh travel disruption over the next few days because of strikes by train drivers and other workers in long-running disputes over pay. Members of the drivers’ union Aslef will walk out on Friday at more than a dozen train operators, crippling services across the country. Further strikes will be held on May [...]
Rolls-Royce share price slips despite upbeat new CEO update May 11, 2023 British engine maker Rolls-Royce said it performed as expected in the first part of the year, with flying hours recovering, and steps taken by its new CEO to find savings putting it on track to meet 2023 targets. Despite the solid if unspectacular update, shares slipped 2 per cent in early trading. Tufan Erginbilgic, who [...]
ITV: Love Island and I’m A Celeb help maker reports 10 per cent ad revenue drop – and warns it’s only getting tougher May 11, 2023 ITV is looking for Love Island and the Rugby World Cup to boost revenues, which fell 10 per cent year on year in the first quarter. The broadcaster revealed a 10 per cent drop in advertising revenues and warned trading will get tougher in the second quarter as firms rein in marketing spend against a [...]
TransPennine Express to be nationalised after months of disruption – but transport sec warns it’s ‘not a silver bullet’ May 11, 2023 Train services run by TransPennine Express will be nationalised after months of delays and cancellations. Transport Secretary Mark Harper announced the decision to bring the operator’s services under Government control, but warned it is “not a silver bullet”. Graham Sutherland, chief executive of TransPennine Express owner FirstGroup, said the company has “worked extremely hard to [...]
Morning in the City: News, market updates and more, live May 11, 2023 Good morning and welcome to the City A.M. liveblog on the day that Andrew Bailey and other members of the monetary policy committee are expected to hike the interest rate yet again.
Padel comes to the City of London May 11, 2023 The world’s fastest growing sport has arrived in the Square Mile. A padel court, erected in Tower Hill, will be available to book by schools, corporates and members of the public for the summer. Padel has taken the world by storm in recent years, with its mix of tennis and squash in tight spaces proving [...]
