It’s not all doom and gloom, says London fintech chief citing ‘shoots of positivity’ September 27, 2023 London’s fintech sector is showing “shoots of positivity”, an industry chief said today as they sought to challenge the doom and gloom narrative surrounding the business environment in the City. Despite the loss of some major floats, the chief executive of Innovate Finance (IF), the industry body representing the UK’s fintech sector, said she was [...]
Thames Water: Is this the worst company in Britain? September 27, 2023 Thames Water has been ordered by Ofwat to hand back over £100m to customers after failing to meet expected standards.
Rishi Sunak backs Rosebank oil and gas field: We don’t reach net zero by ‘wishing it’ September 27, 2023 Prime Minister Rishi Sunak has backed the approval of Rosebank, the UK's largest undeveloped oil and gas field in the North Sea.
H&M: Sales to drop 10 per cent due to unusually hot September and Russia pull-out September 27, 2023 H&M has warned that its sales are expected to decrease by 10 per cent in September, as unusually hot weather and discontinued operations in Russia have dampened trade. The gloomy forecast puts a damper on the Swedish fashion giant’s latest third quarter update, revealing a six per cent rise in net sales to SEK 60,897m [...]
Everyman posts five-fold drop in losses to £4.3m but Oppenheimer effect offers hope September 27, 2023 British cinema chain Everyman has reported a fivefold increase in losses due to weak ticket sales. Everyman, which has 41 cinemas, posted pre-tax losses of £4.3m for the first six months of the year, five times the £798k lost in the same period last year. Shares dipped over one per cent on Wednesday morning. Admission [...]
Crypto’s engine idling as interest rate narrative controls the gears September 27, 2023 Bitcoin is down marginally by 0.2% over 24 hours, trading for $26,223, while Ethereum remains virtually unchanged at $1,590.
Binance to sever all ties with Russia September 27, 2023 Cryptocurrency exchange Binance has entered into an agreement to sell the entirety of its Russia business to CommEX as it looks to cut all ties with Moscow.
‘Higher for longer rates’ sparked shift to premium London office space September 27, 2023 Property developer Landsec reported strong demand for premium office space in central London, as firms react to the message of interest rates being “higher for longer.” The commercial real estate giant said office occupancy in Victoria, where half of its central London business sits, is now 100 per cent let and with £17m of lettings [...]
FTSE 100 close: London markets dip as Ithaca share price up on Rosebank approval September 27, 2023 London’s FTSE 100 index dipped on Wednesday as the pound continued its losses, and the government approved the UK’s largest untapped oil field, Rosebank. The capital’s premier bluechip index dipped 0.46 per cent to 7,590.96, while the FTSE 250, which is more aligned with the UK domestic market, fell 0.6 per cent to 18,227.33. Markets [...]
We need to get to net zero, but we will fail if we lose public support September 27, 2023 The hysteria over Sunak’s relatively mild changes ignores a much more existential threat to our climate goal: alienating everyday Brits.
