Asos’s treatment on the stock market shows up investor short-termism September 27, 2023 Bold leadership takes many forms: one such is at Asos, where boss Jose Antonio Ramos Calamonte has leant in to one of the more eye-catching methods of turning round a business – selling less, to fewer people. The early indications are that the strategy is paying off, with profitability per order higher today than it [...]
North Sea oil and gas industry ripe for M&A activity but constrained by lack of cash September 27, 2023 The North Sea is ripe for takeovers with multiple oil and gas assets up for grabs, but the lack of finances means few players will benefit.
London sees 24 per cent drop in first-time buyers as high mortgage rates bite September 27, 2023 London experienced a 24 per cent decline in the number of first-time buyers entering the market in the last year as high mortgage rates crush home-ownership dreams.
City firms’ regulatory burden rises as UK and EU diverge on financial rules September 27, 2023 City firms face an increasing regulatory burden as the UK and the EU begin to diverge on financial services regulation.
UK signs pact on hydrogen development with Germany September 27, 2023 The UK has partnered with Germany to advance hydrogen development in a bid to boost international trade, jobs and investment. Energy efficiency and green finance minister Lord Martin Callanan visited the European country to sign the agreement with Germany’s state energy secretary Philip Nimmermann. At the UK embassy in Berlin, the two nations agreed to [...]
Amazon sued by US in landmark monopoly case after four-year probe September 26, 2023 The US Federal Trade Commission filed an antitrust lawsuit against Amazon as the government pressed on with its fight to rein in Big Tech.
Ubisoft boss says streaming will revolutionise gaming industry September 26, 2023 Ubisoft's boss has said the gaming industry is on the cusp of a streaming revolution comparable to Netflix's transformation of television.
Pound on track for worst month since mini-budget as traders rein in bets on rate hikes September 26, 2023 The pound is on track for its worst month since Liz Truss' disastrous mini-budget as traders rein in bets on how high interest rates will go in the UK.
Drax suffers share price scare after shorting schemes unveiled September 26, 2023 Drax's share price has endured a wild journey on the London Stock Exchange today, with backers seemingly spooked.
Tower Hamlets bin strike branded ‘health hazard’ brought to an end September 26, 2023 A Tower Hamlets bin strike branded a “health hazard” has been brought to an end after workers reached an agreement with the council. Refuse had piled up for days in the east London borough , with furious residents slamming the state of the streets as “ridiculous”, a “health hazard” and an “ongoing rat buffet”. But [...]
