Mike Ashley’s Frasers Group drags Morgan Stanley boss to court seeking £50m in damages September 22, 2023 Mike Ashley’s Frasers Group has dragged the chief executive of Morgan Stanley into a UK legal battle over a $1bn (£814m) margin call regarding Hugo Boss trade. In a New York court filing lodged earlier this week, seen by The Telegraph, the retail group asked the court to make James Gorden hand over documents and [...]
Dott ends London e-bike service due to ‘high fees and varied regulations’ September 22, 2023 E-bike firm Dott has ended its London service because it was not possible to “run a financially sustainable” operation in the capital – just as its renewed e-scooter scheme takes off on Monday. The company, which recently won a new contract as part of Transport for London’s e-scooter trial which starts on Monday, insisted it [...]
FTSE 100 close: London climbs on softer pound after Bank of England holds rates September 22, 2023 London's blue-chip FTSE 100 index rose on Friday as it benefited from the weak pound in the wake of the Bank of England's decision to hold interest rates steady.
‘Recession increasingly likely’ as business output drops sharply under weight of higher interest rates September 22, 2023 A steep downturn in services saw economic activity contract at its fastest pace since the financial crisis – outside of the pandemic – raising the chances of a recession, a closely watched survey suggested. S&P Global’s Purchasing Managers’ Index (PMI) for the UK economy came in at 46.8 – far below the 50 reading which [...]
Connections of Nordic Dragon going for gold September 22, 2023 TRAINER Danny Shum will have all his fingers crossed when his progressive galloper NORDIC DRAGON makes his seasonal reappearance in the HKU Foundation Handicap (10.45am) over six furlongs at Sha Tin in Hong Kong on Sunday. Shum publicly stated that he believed he had a potential superstar on his hands after the four-year-old made a [...]
Jeremy Hunt: Tax cuts ‘virtually impossible’ until economy improves September 22, 2023 Chancellor Jeremy Hunt has shot down suggestions of tax cuts after a string of economic updates this week, saying they’re “virtually impossible” until there’s more improvement. Speaking on LBC this morning, the chancellor responded to suggestions that falling inflation and rates being held yesterday, may give headroom to ease the burden on cash-strapped Brits this [...]
There’s a Big day ahead for Dragon and Red September 22, 2023 RACING is back in Hong Kong at Sha Tin on Sunday for a 10-race programme, including a couple of all-weather contests and featuring the first Group Three contest of the season; the Celebration Cup (7.00am), a seven-furlong handicap. Although only half-a-dozen contenders line up, this has the makings of a puzzle more difficult to solve [...]
Labour: Reeves pledges to beef up OBR so tax and spending plans get more scrutiny September 22, 2023 A new Labour government would strengthen the fiscal watchdog in order to "bring growth and stability back to Britain's economy", the party announced today.
North Korea plots follow-up after Putin meeting with Kim Jong Un September 22, 2023 North Korean leader Kim Jong Un discussed follow-up measures to his recent visit to Russia with his powerful politburo
Consumer confidence continues to rise amid cost-of-living woes September 22, 2023 Consumer confidence is continuing to rise against a backdrop of falling inflation – but many households are continuing to struggle with cost-of-living pressures, according to a survey. GfK’s long-running Consumer Confidence Index increased four points in September, but remains at a subdued minus 21. Expectations for the UK’s wider economy over the next 12 months [...]
