CMA blocks tie-up of hearing aid giants citing bid to protect consumers and the NHS June 22, 2023 The competition watchdog said it was protecting customers and the NHS on Thursday as it blocked part of the planned tie-up between two hearing aid companies. The Competition and Markets Authority (CMA) said that it would not allow the merger of Cochlear Limited and Oticon Medical to go ahead. Cochlear agreed to buy Oticon from [...]
FTSE 100 close: Bank of England interest hike piles more pain on markets June 22, 2023 The much scrutinised Bank of England’s interest rate hike by half a point to five percentage points today, piled the pressure on London markets. London opened far lower in anticipation of the rate hike and continued in the red following the announcement, which marked the 13th straight rise from the bank and took interest rates [...]
Musk vs Zuck: Twitter and Facebook bosses agree to a… cage fight June 22, 2023 Twitter CEO Elon Musk and Facebook owner Meta’s boss Mark Zuckerberg appear to have agreed to a cage fight. The social media billionaires will scrap it out after Musk, who also owns Tesla, said he was “up for a cage fight” with his tech giant rival. Zuckerberg posted a story on Instagram this morning, showing [...]
EP: 210 Royal Ascot – Friday June 22, 2023 All eyes will be focussed on the Commonwealth Cup and the Coronation Stakes, the two Group 1 races at Royal Ascot on Friday. City AM Racing editor Bill Esdaile previews all of Friday’s action, with the Tote’s Jamie Hart explaining how to get involved with some unique World Pool betting opportunities. Hosted by Chris Barnett. [...]
The Punter Summary Podcast 23 June June 22, 2023 Here’s your chance to discover all of City AM racing editor Bill Esdaile’s selections for Friday’s racing at Royal Ascot in a short summary episode of ‘The Punter Podcast’ alongside Chris Barnett. The full preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting section [...]
Andrew Bailey under fire from Government and City analysts ahead of rate hike June 22, 2023 Andrew Bailey and the Bank of England have been criticised for moving too slowly to clamp down on inflation
DS Smith: Inflation can’t keep profits boxed up for Amazon cardboard provider June 22, 2023 DS Smith reported soaring profits and trading in line with expectations in its full year results this morning, as the package specialist continued to show strong resistance to high inflation and rising paper costs. The London-listed group – which delivers boxes and paper products to companies including Amazon and Brewdog – saw pre-tax profits up [...]
Whitbread: Premier Inn owner thanks London travel boom for hike in hotel sales June 22, 2023 Tourists flocking to London for the King’s coronation helped bolster Premier Inn owner Whitbread’s trading in the first leg of the year, as the hotel group revealed an 18 per cent hike in sales. As Brits embraced travel and leisure after the pandemic, the chain of affordable hotels said sales across its 800 strong portfolio [...]
Happening today: All you need to know as the Bank of England set to raise rates again June 22, 2023 The Bank of England is poised to raise interest rates for the 13th time in a row after disappointing inflation figures showed price rises have not eased. The UK’s Consumer Prices Index (CPI) was unchanged in May at a rate of 8.7 per cent , according to the Office for National Statistics. It came in [...]
Planned Aslef strike by Avanti train drivers in early July is suspended June 22, 2023 A planned strike by train drivers on Avanti West Coast has been suspended. Members of Aslef were due to walk out on July 2 in a dispute over sick notes. The union said the company has confirmed it will remove the sick note policy which was in dispute. Aslef general secretary Mick Whelan said: “As [...]
