Google parent firm Alphabet’s profit ahead of expectations thanks to ad rebound July 26, 2023 Google owner Alphabet’s second-quarter profit exceeded expectations as it announced that long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief. Alphabet’s results were helped by steady demand for its cloud services and a rebound in advertising. The shares jumped 8 per cent in after-hours trading. Shares of [...]
Deutsche Bank flags cost cuts as investment bank slump lowers profit July 26, 2023 Deutsche Bank on Wednesday posted a 27 per cent fall in second-quarter profit as investment banking revenue slumped and warned of the need for cost cuts even though higher interest rates fuelled gains at its retail division. The German lender downgraded its outlook for the investment bank, saying it now expected revenues to be slightly lower [...]
HSBC, Nationwide and TSB failed to send transaction histories to some customers July 25, 2023 HSBC, Nationwide Building Society and TSB collectively let down a total of nearly 170,000 customers by failing to provide payment transaction histories, according to the competition watchdog. The Competition and Markets Authority (CMA), which has written to the two banks and building society, said the failures are “not acceptable”. The providers breached part five of [...]
Decision due in appeal by Dyson firms over broadcast reference in libel case July 25, 2023 Two Dyson companies are due to find out if they have won a Court of Appeal bid over a judge’s ruling about whether a broadcast that alleged the exploitation of factory workers referred to the firms. Dyson Technology Limited and Dyson Limited, along with Sir James Dyson himself, sued Channel 4 and Independent Television News [...]
Nigel Farage receives apology from BBC over Coutts account closure reporting July 24, 2023 The BBC has apologised to Nigel Farage for suggesting he lacked the funds needed to hold an account at Coutts after the private bank cut ties with the former Ukip leader. The BBC’s business editor Simon Jack made the apology after a story published by the corporation suggested Mr Farage had his account shut for [...]
Moneysupermarket expects no ‘significant’ energy switching this year July 24, 2023 Moneysupermarket has said that it does not expect customers to start switching energy suppliers in any “significant” numbers this year.
Environment group loses High Court fight with Shell directors July 24, 2023 An environment campaign organisation has lost another round of a High Court fight with directors of oil giant Shell.
G20 fails to reach deal for slashing fossil fuels and ramping up renewables July 23, 2023 The G20 failed on Saturday to reach consensus on phasing down fossil fuels, following objections by some producer nations.
England fans cheer as Lionesses beat Haiti July 22, 2023 England football fans cheered on the Lionesses to victory against Haiti as they made a nervy start to their World Cup campaign. The Lionesses, looking for back-to-back success after winning the Euros last year, edged to a 1-0 win over Haiti in their opening Group D match thanks to a Georgia Stanway penalty. Emily Taylor, [...]
Bulgaria agrees to send heavy military equipment to Ukraine July 22, 2023 Bulgaria has agreed to provide the Ukrainian army with 100 armoured personnel carriers, marking a turnaround in the Nato member’s policy on sending military equipment to Kyiv following the appointment of a new, pro-Western government. Direct arms supplies were rejected by previous interim governments, appointed by President Rumen Radev. Radev is sympathetic to Russia and [...]