‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Ukraine war: Sunak, Starmer and Khan fall silent to mark year as King Charles praises Kyiv’s ‘remarkable courage’ February 24, 2023 A year of Ukraine’s extraordinary resistance to Vladimir Putin’s all-out assault that has left hundreds of thousands dead and millions more displaced has been marked with a minute’s silence. Rishi Sunak was joined outside No 10 by wife Akshata Murthy, Kyiv’s ambassador to Britain Vadym Prystaiko and dozens of Ukrainian troops being trained by the [...]
Growers warn leek supply will be exhausted by April as Therese Coffey tells Brits to eat turnips February 24, 2023 Growers are warning of a leek shortage that will see British-grown supplies exhausted by April. High temperatures and a lack of rain, followed by a period of cold weather, are being blamed for creating the “most difficult season ever”. Supermarkets are already limiting the sale of tomatoes and other fruit and vegetables because of a [...]
Rishi Sunak’s ethics adviser ‘would expect approval to investigate ministers’ February 23, 2023 Rishi Sunak’s ethics adviser has said would expect to be given the go-ahead to investigate a minister if he believed there had been a breach of the rules. Sir Laurie Magnus told MPs that while he required the prime minister’s permission to mount an inquiry into alleged violations of the Ministerial Code, he believed it would only be [...]
Heathrow narrows losses to £1.3bn thanks to travel bounce back February 23, 2023 Heathrow Airport narrowed its losses sharply in 2022 amid a bounce back in travel demand, but said results were weighed on by surging cost pressures and lower passenger numbers. The group reported underlying pre-tax losses of £684 million for last year, against losses of £1.3 billion in 2021. It said no dividends were paid in [...]
The Square Mile and Me: Aon’s Dominic Christian on the Lamb, the Broker and the City’s green ambitions February 23, 2023 Every week we ask the great and good of the Square Mile to share their memories of the City – and their favourite pubs and restaurants. This week it’s Dominic Christian, Chair of Aon’s Global Reinsurance Solutions business and a City councilman First memory of the Square Mile Scary, surreal, fascinating. Suits everywhere. Everyone seemed [...]
Wood Group confirms takeover bid from US private equity firm Apollo February 22, 2023 Energy services company John Wood Group today confirmed it has received multiple takeover offers from US private equity firm Apollo Global Management, but has rejected all of them. The FTSE 250 firm came out to confirm speculation of a takeover, stating that it has received “three unsolicited, preliminary and conditional proposals” from the firm “regarding a possible [...]
Peugeot and Fiat owner’s profits rise 26 per cent as carmaker powers ahead with EV strategy February 22, 2023 Carmaker Stellantis reported a 26 per cent increase in net profit for the year as the Peugeot owner sought to dominate the electric vehicle (EV) market. Net profits at Stellantis, which produces Citroen, Fiat and Peugeot car brands, rose to €16.8bn (£14.8bn) for 2022, while net revenues jumped 18 per cent to €179.6 billion. On top of [...]
Partygate: High Court to hear challenge against Met over probe into Johnson’s lockdown party attendance February 22, 2023 The High Court will hear the first stage of a challenge against the Metropolitan Police over the force’s investigation into former prime minister Boris Johnson’s attendance at Number 10 parties during lockdown. Johnson received a fixed penalty notice (FPN) over a birthday party in the Cabinet Room in June 2020, but faced no further action [...]
Hundreds of jobs at risk as Chinese-owned British Steel set to announce closure of Scunthorpe plant February 22, 2023 Unions fear British Steel is set to announce the closure of coking ovens at one of its plants, with the loss of hundreds of jobs as the company warns it faces “significant challenges”. Union officials were told earlier this month the Chinese-owned company was considering closing coke ovens at its site in Scunthorpe. An announcement [...]
Bentley to end production of 12-cylinder petrol engine as luxury car maker is latest in shift to EV February 22, 2023 Bentley will end production of its famed 12-cylinder petrol engine in April next year, the luxury car maker has announced. More than 100,000 examples of the W12 engine have been built at the company’s factory in Crewe, Cheshire over the past 20 years. The decision to halt production is part of the business’s move to [...]
