FTSE close: Blue chip index sets a new record high as recession and inflation fears ease February 3, 2023 London’s FTSE 100 Index ended the week on a high having reached its highest ever score, beating the previous record of 7,903.5 set in May 2018. On Friday, the index had briefly pushed as high as 7,906.58 as global inflation and interest rate fears continued to ease. The index of the UK’s largest publicly-listed firms [...]
Something for the weekend: This week’s five most-read stories on Cityam.com February 3, 2023 A Reddit user called fatmummy, interest rates, vaccines, the ECB and an ignominiouss end to government-funded Tech Nation – here’s what City A.M. readers most wanted to click on this week. One: How a saucepan broke the internet. If lockdown had you baking and prepping then this story would have piqued your interest. Houseproud, or [...]
Ladbrokes and Coral owner Entain gambles on men’s World Cup boosting its earnings February 1, 2023 Entain, the gambling giant behind Ladbrokes and Coral, has raised it earnings guidance after a strong final quarter of 2022. The sports betting and gaming group said net gaming revenues increased by 11 per cent in the quarter to December 31, compared with a year earlier, as it witnessed a “record” number of active customers. [...]
Cost of living crisis: Grocery inflation up two per cent in just one month with shoppers forking out £800 more a year January 31, 2023 Grocery price inflation has hit a record 16.7 per cent to add a potential £788 to annual shopping bills, figures have shown. The “staggering” 2.3 percentage point jump in the four weeks to January 22 has exceeded the previous high recorded by analysts Kantar in October and is the highest figure since their records began [...]
Self assessment: Over 2 million people still need to file their tax return with the deadline falling at midnight today January 31, 2023 Taxpayers have until the end of Tuesday (31 January) to submit their self-assessment returns. The deadline for submitting online tax returns and paying any tax owed is midnight. The most recent figures from HM Revenue and Customs (HMRC) show that fewer than 2.7 million customers still needed to file their self-assessment returns, as of January [...]
JD Sports data hack: Around 10m customers caught up in ransomware attack warned to be ‘vigilant’ of scam emails January 30, 2023 Around 10 million people might have had their addresses, phone numbers and email addresses among other things stolen in a hack that hit retailer JD Sports. The business said payment card details were safe, and that it has no reason to think the hackers have accessed users’ passwords. Hackers accessed a system which contained information [...]
How a BBC Radio 1 DJ helped alcohol-free brand Lucky Saint open its first London pub January 30, 2023 Alcohol-free beer brand Lucky Saint is to open its first pub after securing £10m to supercharge its ambitious growth plans. The pub, which will also operate as the group’s headquarters, is due to open in Marylebone in March 2023. Luke Boase, founder of the business, said that for now the opening will be “the only [...]
Ofcom investigating BT for failure to provide customers with ‘clear and simple’ contracts January 23, 2023 The telecoms regulator Ofcom has opened an investigation into BT over its compliance with an obligation to provide customers with clear and simple contract information before they sign up to a new deal, the regulator has announced. Telecoms providers have been required to give customers contract information and a short – usually one-page – summary [...]
Gambling: TonyBet fined nearly £443,000 for failing to implement anti-money laundering rules January 18, 2023 TonyBet has been slapped with a £442,750 fine and warned about its failure to have fair and transparent terms, and for failing to follow social responsibility and anti-money laundering rules, the Gambling Commission said. The operator – which operates tonybet.co.uk – will also have to undergo a third-party audit to assess whether it is effectively [...]
Investors set to be cheered by Bunzl’s climbing profits December 18, 2022 Specialist distribution group Bunzl is set to have waded through cost inflation and supply chain challenges and emerged with strong sales at the end of the year. The FTSE 100 company, which sells global businesses a wide range of products from coffee cups to cafes, food wrap to supermarkets, and cleaning materials to hospitals, will [...]
