The Notebook: Charles Tyrwhitt boss on how the ‘tourist tax’ is hurting London September 11, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Nicholas Wheeler, founder of tailored shirts specialist Charles Tyrwhitt.
UK and India can ‘work through’ trade deal obstacles, PM says September 9, 2023 Rishi Sunak has signalled there is optimism the UK can conclude a trade deal with India after saying the two countries can “work through” the final negotiation hurdles. Statements made by the Prime Minister and No 10 following a meeting with Indian prime minister Narendra Modi on the fringes of the G20 summit suggested fresh [...]
UK police arrest escaped terrorism suspect September 9, 2023 A former British soldier suspected of terrorism offences who escaped from prison earlier this week was recaptured in London on Saturday, police said. Daniel Abed Khalife, 21, absconded from London’s Wandsworth prison on Wednesday morning after slipping out of the prison kitchen where he was working and strapping himself to the underside of a food [...]
UK’s Motor Fuel Group in £2bn fuel stations deal talks with Morrisons September 9, 2023 UK’s Motor Fuel Group (MFG) is in talks with supermarket chain Morrisons for 340 fuel retail forecourts in a deal that could be worth about £2bn, the petrol stations giant said. The company, in a statement to Reuters on Friday, said a deal would also include 500 freehold plots of land at the supermarket chain’s [...]
Heatwave a ‘huge relief’ for hospitality sector after miserable summer September 9, 2023 The September heatwave has come as a “huge relief” for the hospitality sector after a miserable July and August, leading industry figures have said. Soaring temperatures over the past week have “brought back the feelgood factor” for business owners across the industry, they added. Thursday was provisionally the hottest day of the year so far, [...]
Industry bodies back London as European clearing hub as concerns raised with EU’s regulations September 7, 2023 Leading users of derivatives markets in the European Union called on the bloc on Thursday to scrap a plan that would force them to shift euro derivatives clearing from London to the EU.
Global watchdog warns over ‘very high leverage’ in hedge funds September 6, 2023 Leverage is now very high in parts of the $7 trillion hedge fund sector, G20 risk watchdog Financial Stability Board (FSB) warned on Wednesday, while noting that significant data gaps make it hard to get a full picture of vulnerabilities among "non-banks".
BP boss Bernard Looney pledges to stick to plans for oil and gas output cuts September 5, 2023 BP boss Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year.
Allwyn sees near-doubling of revenue after buying National Lottery operator September 5, 2023 Allwyn has seen half-year turnover nearly double after snapping up National Lottery operator Camelot and hailing resilient demand despite cost pressures on consumers.
Mozambique president has immunity in London ‘tuna bond’ case, court rules September 4, 2023 Mozambican President Filipe Nyusi cannot be sued in Britain over allegations he accepted unlawful payments in the country's lawsuit against Credit Suisse.