Bitcoin anchored in calm waters, but crypto’s fickle waves always loom on the horizon August 11, 2023 Bitcoin maintained its course of flat, sideways movement this morning, tacking between $29,300 and $29,000 as it has for much of the week.
Tesco to swap cheaper product lines into convenience shops August 11, 2023 Tesco is to swap cheaper product lines into its convenience stores as shoppers battle the rising cost of living. It revealed that more than 50 everyday products in its smaller Express shops will be replaced by better priced alternatives, many from its own-brand range. The move comes as German discounter rivals Aldi and Lidl have [...]
EP: 221 Ascot – Shergar Cup Day August 11, 2023 Saturday is Shergar Cup Day at Ascot where 4 teams of jockeys from all over the world compete to become both team and individual champions. Each of the 6 races has a maximum field of ten runners in this unique competition, with leading jockeys from Hong Kong, Japan, & France taking on the British based [...]
Mortgage and rent payments ‘difficult’ for almost 40 per cent of Brits August 11, 2023 Some 38 per cent of Brits have confessed to finding it difficult to afford their rent or mortgage payments over the past month, as the cost of living crisis continues to wreak havoc on the public’s personal finances. This figure was around 29 per cent in early August 2022, new figures from the ONS show, [...]
BusinessLDN launches plan to help London workers get higher paying jobs August 11, 2023 A plan to tackle skill shortages and help Londoners get higher paying jobs has been launched by business advocacy group BusinessLDN, after new figures revealed that the capital has higher unemployment levels than the rest of England. The Local Skills Improvement Plan (LSIP), which has received backing from London Mayor Sadiq Khan, aims to highlight [...]
FTSE 100 close: Stronger growth not enough to keep London markets from dropping August 11, 2023 London’s FTSE 100 closed significantly lower on Friday, despite a better than expected GDP reading, as a stronger pound and concerns over the Chinese economy dampened sentiment. The FTSE 100 index closed 1.26 per cent lower at 7,522.86 while the mid-cap FTSE 250 index fell 0.9 per cent to 18,822.50. The disappointing performance came despite [...]
Versace owner Capri snapped up by Coach’s Tapestry in £6.6bn mega-deal to challenge LVMH August 11, 2023 Tapestry, the American fashion giant behind luxury brands such as Coach and Kate Spade, has agreed to buy Capri the owners of designer Versace in a $8.5bn (£6.6bn) deal. The merger will form a larger fashion conglomerate which will rival the likes of LVMH, the multibillion pound business behind designers such as Louis Vuitton and [...]
UBS cancels £8bn backstop agreed to help soothe merger with Credit Suisse August 11, 2023 UBS has voluntarily ended the CHF9bn (£8bn) loss protection deal agreed with the Swiss government following its emergency acquisition of Credit Suisse. The decision followed “a comprehensive assessment of the designated portfolio of Credit Suisse non-core assets, including severe stress loss scenarios,” the bank said. UBS has also terminated the CHF100bn liquidity backstop from the [...]
Tory MP failed to declare £70,000 shares in Shell while environment sec August 11, 2023 A Conservative MP failed to declare that she held shares valued at more than £70,000 in Shell while she was environment secretary. Theresa Villiers admitted her shareholding in the oil and gas company via her latest update to the register of members’ financial interests. Under the section “other shareholdings, valued at more than £70,000”, Ms [...]
Heathrow Airport: Damp July weather sends 7.6 million Brits jet-setting in search of sun August 11, 2023 Some 7.6 million jet-setters flocked to Heathrow Airport in July as damp weather sent Brits searching for summer sun. New figures from London’s biggest airport shows that while they still remain below pre-pandemic levels, demand for international travel is picking up. Over 73,000 passengers flew to Turkey in July, the busiest month ever for the [...]
