FTSE 100 close: London markets surge after ECB’s ‘dovish’ 25bps hike September 14, 2023 The ECB is set to announce its latest interest rate decision at 1.15pm London time, and economists are divided about what the result will be.
British high street is not dead, minister insists after Wilko collapse September 14, 2023 The British high street is not dead but merely changing, ministers have insisted, after Labour accused the government of “giving up” on retail following the collapse of Wilko. Business minister Kevin Hollinrake insisted high street shopping is “reshaping itself”, as homeware shop the Range confirmed it will buy Wilko’s brand, website and intellectual property after [...]
Russia admits error after pilot ‘thought he had permission to shoot down RAF spy plane’ September 14, 2023 A Russian pilot tried to shoot down an RAF spy plane believing he had been given permission to fire, according to a report. Russia blamed a “technical malfunction” for causing the incident over the Black Sea on September 29 last year. But intercepted communications suggest the pilot fired after receiving an ambiguous command from a [...]
Govia Thameslink appoints female CEO to run UK’s biggest railway franchise September 14, 2023 Govia Thameslink (GTR) has announced the appointment of a female chief executive, marking only the second mainline railway franchise in the country to be led by a woman. Angie Doll, the rail firm’s chief operating officer, will take the helm at the end of November, replacing current boss Patrick Verwer. Claire Mann of South Western [...]
Bitcoin and Ethereum push on as another asset manager joins ETF race September 14, 2023 Bitcoin is up 1.5% in the last day, trading above the key $26k level this morning while Ethereum (ETH) is up 2.3%.
Tech Nation returns: Start-up network set for comeback under Brent Hoberman September 14, 2023 The start-up quango which controversially had its funding pulled by government this year is set to reopen in Birmingham under new ownership next month.
Lidl swings to loss of £76m as fight to keep prices low offset by surging costs September 14, 2023 Discount supermarket chain Lidl has revealed its British arm swung to an annual loss after battling to keep a lid on prices as its costs rose “across the board”. The group reported pre-tax losses of £76 million for the year to February 28 against profits of £41.1 million the previous year as it also invested [...]
Clearbank ups profit and eyes US expansion – but it has no plans for an IPO September 14, 2023 Clearbank today reported a pretax profit of £5.9m for the first half of the year as it said it was eyeing an expansion into the US. Revenue more than doubled compared to the same period last year, reaching nearly £50m, while deposits increased 80 per cent to hit £5.4bn, the firm said. Clearbank said its [...]
John Lewis pushes turnaround plan back two years as losses narrow September 14, 2023 Losses at John Lewis have shrunk but the struggling retailer warned that its ambitious partnership plans have been pushed back two years.
Trainline shares soar as £2.6bn ticket sales help shrug off rail strike chaos September 14, 2023 Trainline’s shares soared more than 12 per cent this morning after the firm unveiled a £50m share buyback scheme on the back of booming ticket sales. Group net ticket sales at the online retailer grew by nearly a quarter to £2.6bn in the six months to August, taking revenues to £197m, a 20 per cent [...]
