Germany one of the EU’s ‘growth laggards’ as economy shrinks slightly in third quarter October 30, 2023 Germany's economy shrank slightly in the third quarter, data showed on Monday, as Europe's largest economy continues to be weighed down by weak purchasing power and higher interest rates.
Virgin Media O2 nears stake sale in towers business to GLIL October 28, 2023 Virgin Media O2 is in exclusive talks to sell a slice of its shareholding in Britain’s largest mobile tower network to GLIL Infrastructure, according to four sources familiar with the matter, in a deal that could value the business at about £2.5bn. GLIL, a partnership of British pension funds, has prevailed over other investment firms [...]
Better pay and conditions needed for night workers – TUC October 28, 2023 Black and ethnic minority (BME) workers are “significantly more likely” than white workers to do regular night work, new research suggests. Around one in seven BME workers work nights compared to one in 11 white workers, said the TUC, adding that it was evidence of “structural racism”. The union organisation said night work is routinely [...]
UN General Assembly calls for `humanitarian truce’ in Gaza October 28, 2023 The UN General Assembly has approved a non-binding resolution calling for a “humanitarian truce” in Gaza, leading to a cessation of hostilities between Israel and Gaza’s Hamas rulers. It was the first UN response to Hamas’s surprise October 7 attacks on Israel and the ongoing military response and vow to obliterate Hamas. The 193-member world [...]
Wilko shops to return to high street by Christmas, says new brand owner October 27, 2023 Wilko stores are set to return to the high street, the brand’s new owner has announced.
Mikhail Fridman loses High Court bid over mansion upkeep October 26, 2023 Mikhail Fridman has lost a High Court challenge against UK sanctions after he was refused permission to upkeep a London mansion.
Dividends dry up in London — but can shareholders expect a bounce-back? October 26, 2023 The amount of cash pocketed by shareholders slumped over the summer as frothy one-off dividends dried up and mining giants reined in their payouts.
The Square Mile and Me with BeZero Carbon’s Tommy Ricketts October 26, 2023 If you don't ask, you don't get: Tommy Ricketts talks to us about City life, from carbon credits to brown shoes
When a year or two is considered ‘long term’, you know there’s an investment issue October 26, 2023 The benefits of long-term shareholders are well understood. They can be patient, far-sighted and willing to invest capital for long-term gains. Ask Canary Wharf Group.
Mike Ashley’s Frasers raises Boohoo stake to 16.5 per cent October 25, 2023 Frasers, the British sportswear group controlled by Mike Ashley, has raised its stake in online fashion retailer Boohoo to 16.5 per cent, according to a regulatory filing published on Wednesday. The group previously held 15.12 per cent. Frasers, formerly called Sports Direct, said in June its purchase of Boohoo shares was consistent with its strategy [...]