Tata: 3,000 jobs at risk despite government pumping £500m into UK’s biggest steelworks September 15, 2023 The Government is to pump up to £500 million into Britain’s biggest steelworks as part of plans to produce “greener” steel which could also hit thousands of jobs, sources have said. Tata, the Indian conglomerate that owns the Port Talbot steelworks in South Wales, will use the funding to help switch the plant’s two coal-fired [...]
Arm maintaining its lofty US valuation will be indicator for London IPO revival September 15, 2023 Shares in Softbank’s Arm have taken flight, surging nearly 25 per cent above their Nasdaq debut price, marking a triumphant return to the public markets after a seven-year hiatus for the chip designer. A loud reception has bolstered market experts’ optimism for beleaguered IPOs, which has faced substantial headaches in recent years, such as rising [...]
Bitcoin’s usual September slump is still catching the odd wave of positivity September 15, 2023 Jason Deane looks back over the crypto week and assesses how Bitcoin is coping in the traditional September slump.
Train drivers announce fresh strike to coincide with Tory conference September 15, 2023 Train drivers are to stage fresh strikes, coinciding with the Conservative party’s annual conference, in their long-running dispute over pay. Aslef announced its members at 16 train operators will walk out on September 30 – the day before the conference – and October 4, the final day of the event. The union said the strikes [...]
EP: 229 Doncaster, Chester & Hong Kong September 15, 2023 The final classic of the season takes place at Doncaster on Saturday as this year’s three-year-old generation line up in the Group 1 St. Leger, the highlight of this weekend’s racing. We also look at a couple of TV races at Chester on the same afternoon. City AM Racing editor Bill Esdaile previews the best [...]
Ex-Kemi Badenoch advisor: Government ‘does not know, nor really care’ about business issues September 15, 2023 A former adviser to Kemi Badenoch has made a string of criticisms of her former boss and government business policy
FTSE 100 live: London rallies as Arm soars on US debut and Warhammer maker’s share price rises September 15, 2023 London’s FTSE 100 enjoyed a strong end to the week, as the global stocks rally continued with a stable showing from Wall Street and an improvement in China. The capital’s premier bluechip index ended the day well at over 7,30 points, more than 0.6 per cent up, having reached a high of 0.89 per cent [...]
H&M’s summer sales flatline after rival Zara owner cheers boost September 15, 2023 Fashion chain H&M has revealed its sales flatlined in the latest quarter after its biggest rival Zara owner Inditex cheered a stronger performance. The Swedish retail giant said its net sales, in local currencies, were flattish over June to September, compared to the same period last year. The weaker-than-expected quarterly update suggests that the chain [...]
Wilko: High street chain collapsed owing £400m to creditors September 15, 2023 Wilko collapsed with a well over £400m gap in its finances, according to documents published on Companies House, including £157.3m owed to trade creditors. The reports, first published by The Grocer, show that the high street chain owed £411m to unsecured creditors, and a further £25.8m was owed to HMRC. Some of the creditors included [...]
Amazon deal boosts Games Workshop ahead of Warhammer TV series September 15, 2023 Warhammer owner Games Workshop has said its trading performance for the three months ending 27 August has shot past expectations set by the board, as the company is spurred by a mega-deal with Amazon. Licensing revenue nearly doubled at £6m compared to last year’s £3m in the same period, while core revenue soared to £121m, [...]
