The Square Mile and Me: James Ashton on Occupy London, the City’s history, and Balfour’s oysters March 16, 2023 Each week we ask the City’s great and good to delve down memory lane. This week, it’s James Ashton, the chief executive of the Quoted Companies Alliance, representing small- and mid-cap listed firms, and a former newspaper journalist What was your first job in the City? I wrote about advertising and media for Reuters, based [...]
Credit Suisse crisis: Swiss lender taps central bank for emergency £35bn loan backstop March 16, 2023 CREDIT SUISSE overnight announced it would take advantage of a 50bn franc facility offered by the Swiss National Bank after a day in which its stock price sank by 25 per cent. The embattled Swiss lender’s tumble was triggered yesterday morning by comments from its largest shareholder, Saudi National Bank, that it would not inject [...]
Credit Suisse and European bank stocks tumbling: How bad is it? March 15, 2023 Credit Suisse and a host of other European stocks have all suffered significant falls in Tuesday morning trading. The embattled Zurich lender took a blow after the chair of the Saudi National Bank, its largest shareholder, said he would not put additional capital in the firm if required. That built on further concerns in the [...]
Harry Potter publisher Bloomsbury benefits as Brits turn to books as affordable treat in cost of living crunch March 15, 2023 People turning increasingly to books as an affordable hobby in the cost-of-living crisis has helped Harry Potter publisher Bloomsbury hike its full-year profit outlook. The group – which is also the publisher behind Bake Off star Paul Hollywood’s latest cookbook Bake – said it was seeing surging demand for titles in print, ebook and audio, [...]
After US drone hit by Moscow plane, RAF and German air force intercept Russian aircraft in Nato exercise March 15, 2023 The RAF and German air force carried out their first joint Nato air policing scramble as pilots carried out a routine interception of a Russian aircraft flying close to Estonian airspace. The response on Tuesday saw the pair of British and German Typhoon jets react to a Russian air-to-air refuelling aircraft, after it failed to [...]
Gary Lineker scolds Tory MP over claim BBC host called northern voters ‘racist bigots and Nazis’ March 15, 2023 Gary Lineker has described accusations that he called northern voters “racist bigots” as “outrageous and dangerously provocative”. The recently reinstated Match Of The Day host took to Twitter once again in response to comments made by Conservative MP Jonathan Gullis. During an interview with Channel 4 News, Mr Gullis said he was not concerned with [...]
Rail strikes dent Trainline ticket sales as firm nursed £6m hit every day March 15, 2023 Online rail ticketing business Trainline has said annual ticket sales fell short of expectations, as rail strikes left it nursing a hit of up to £6 million a day. The group said ongoing industrial action on UK railways cost it £5 million to £6 million in gross sales impact on average per strike day. It [...]
London brought to a standstill as tube strike closes entire network and RMT lock horns with Sadiq Khan March 15, 2023 A strike by London Underground drivers has closed the entire network. Transport for London’s website shows no services are running on any Tube lines. The Docklands Light Railway and Elizabeth line are part-suspended because of the industrial action. Drivers in Aslef and the Rail, Maritime and Transport union (RMT) walked out in a dispute over [...]
Spring Budget 2023 – as it happened: Childcare costs, Brexit pub guarantee and plan for ’12 Canary Wharfs’ March 15, 2023 As Jeremy Hunt unveils his first full Spring Budget, we bring you all the latest news, opinion, analysis and reaction. Budget day – Live feed Support for parents with young children: Jeremy Hunt announced a series of reforms, starting “with the supply of childcare.” “We have seen a significant decline in childminders over recent years [...]
Succession: London Stock Exchange calls on Logan Roy to rally the markets March 14, 2023 London Stock Exchange officials are pinning their hopes on a new figure to whip London’s embattled capital markets into shape this month: Succession star Brian Cox..
