JP Morgan unit opens short bet against CAB Payments months after bank worked on IPO September 18, 2023 JP Morgan’s asset management arm has taken out a bet against CAB Payments just two months after the firm floated to great fanfare in the capital.
SocGen shares tumble after new strategy sees little growth September 18, 2023 Societe Generale's shares plunged more than 9 per cent on Monday after France's third-biggest listed bank said it expected little if any growth in annual sales over the coming years in a keenly-awaited strategic plan from its new CEO.
London-listed Mondi leaves Russia after agreeing to sell biggest paper mill September 18, 2023 UK paper and packaging giant Mondi has agreed to sell its largest Russian plant for around 775 million euros (£668 million) to a Moscow-based property development group. Mondi’s share price jumped by nearly five per cent on Monday morning after it unveiled the deal involving Syktyvkar, its last remaining plant in Russia and the country’s [...]
Pendragon: Car dealership to sell UK motor business to US firm Lithia for £250m September 18, 2023 Car dealership group Pendragon has agreed to a proposed sale of its UK motor business to US dealer giant Lithia Motors for £250 million. The deal, if approved by shareholders, will be valued at about 27.4p per share, against the 18.6p Pendragon shares were trading at on Friday. Investors will receive a 16.5p cash dividend [...]
Last orders? Number of pubs shutting for good jumps 50 per cent September 18, 2023 The number of pubs being demolished or converted for other uses across England and Wales surged by 50 per cent over the latest quarter, according to new figures. Official Government statistics have revealed that 230 pubs disappeared for good in the three months to June 30 as the impact of soaring costs and pressure on [...]
The Notebook: Kokou Agbo-Bloua on humanity’s obsession with fire, the moral dilemmas raised by AI and why China’s outlook is a case of ‘heavy cloud, no rain’ September 18, 2023 Today, it’s Societe Generale’s global head of economics,cross-asset and quant research Kokou Agbo-Bloua with the Notebook pen The Red Flower and future energy We all remember the enchanting lyrics of the Monkey Song, ‘I wanna be like you’, from Walt Disney’s 1967 film The Jungle Book. In the movie, Mowgli is captured by a troop [...]
Train drivers announce fresh strike to coincide with Tory conference September 15, 2023 Train drivers are to stage fresh strikes, coinciding with the Conservative party’s annual conference, in their long-running dispute over pay. Aslef announced its members at 16 train operators will walk out on September 30 – the day before the conference – and October 4, the final day of the event. The union said the strikes [...]
Wall Street climbs and Dow rises more than 300 points as stocks worldwide rally September 15, 2023 Wall Street rose on Thursday after a blizzard of reports suggested the US economy is still humming, though inflation may be too. The S&P 500 climbed 0.8 per cent for its best day in two weeks. The Dow Jones Industrial Average rallied 331 points, or 1 per cent , and the Nasdaq composite added 0.8 [...]
Wimbledon MP Stephen Hammond joins exodus of Tory MPs quitting at next election September 15, 2023 Stephen Hammond has become the latest MP to confirm they will call it quits at the next election. The Wimbledon MP and former minister will join a Conservative exodus, with more than 40 announcing that they will not defend their seat in an election that is likely to take place next year. In a letter [...]
Gatwick Airport: 42 cancellations as thousands disrupted by air traffic control shortages September 15, 2023 Thousands of airline passengers have been impacted by cancelled, delayed or diverted flights due to a lack of air traffic control staff (ATC) at Gatwick airport. The airport confirmed a short notice staff absence in its ATC tower, managed by National Air Traffic Services (Nats), which meant 42 flights were cancelled or diverted while dozens [...]
