Metro Bank drafts in investment bankers to explore capital raise October 4, 2023 Metro Bank has reportedly drafted in a top team of investment bankers to explore ways to boost its capital position.
Sunak strips HS2 bosses of London Euston responsibility: ‘There must be accountability for mistakes made’ October 4, 2023 HS2 Ltd has been stripped of responsibility for Euston station as there “must be some accountability for the mistakes made”, Prime Minister Rishi Sunak said. Rishi Sunak used his speech at the Conservative Party conference to confirm that the high-speed railway will reach the central London station after developing a plan that will generate cost [...]
BAT, Imperial Brands shares slide after Sunak reveals smoking crackdown October 4, 2023 The share prices of major tobacco companies slid today after Prime Minister Rishi Sunak announced new proposals to crack down on smoking.
Former Co-op Bank boss appears in court accused of £196,000 fraud October 4, 2023 Former Co-op Bank boss Paul Flowers has appeared in court accused of a £196,000 fraud by abusing his position.
Rishi Sunak to defy backlash by axing HS2 route to Manchester October 4, 2023 Rishi Sunak is expected to defy a backlash from Tory colleagues and northern leaders by abandoning the high-speed rail route to Manchester as he seeks to portray himself as a radical reformer. The Prime Minister is expected to use his Conservative conference speech in the northern city to axe the HS2 leg from Birmingham as [...]
Feargal Sharkey: Customers shouldn’t pay for water firms’ failures October 3, 2023 It is quite extraordinary that less than a week after being chastised by the regulator for their failures, the water industry has decided to commit an act of industrial self-harm by announcing to millions of customers they’re going to raise their water bills. People are already furiously angry, and what this illustrates to me is [...]
China: Evergrande shares soar after property developer’s stocks resume trading October 3, 2023 Shares of debt-laden property developer China Evergrande Group soared on Tuesday after they resumed trading in Hong Kong following a suspension last week. By midday, Evergrande’s shares were up nearly 16% after jumping more than 60% early in the session. Evergrande is the world’s most heavily indebted property developer and is at the centre of [...]
Sunak failed to hand over pandemic WhatsApp messages to Covid inquiry – reports October 3, 2023 Rishi Sunak has told the Covid-19 inquiry that he is unable to provide WhatsApp messages from his time as Chancellor during the pandemic because he failed to back them up, it has been reported. The Prime Minister wrote in his witness statement that he does “not have access” to the messages because he changed his [...]
Microsoft chief says unfair practices by Google led to search engine dominance October 3, 2023 Microsoft chief executive Satya Nadella has said unfair tactics used by Google led to its dominance as a search engine and in turn thwarted his own company’s rival programme, Bing. He gave evidence in a packed Washington DC courtroom as part of the government’s landmark antitrust trial against Google’s parent company Alphabet. The Justice Department [...]
Aussies hit pause again as global rate hike race appears over October 3, 2023 The Australian Central Bank appears to have brought to an end its aggressive rate hike cycle
