Scottish Mortgage rebuts former director’s barbs as boardroom bust-up continues May 30, 2023 The Scottish Mortgage Investment Trust has rebutted fresh claims from its former director Amar Bhide after he filed a complaint with regulators claiming that the firm misled investors over his exit.
Waitrose and M&S meal deal supplier Greencore reports revenue boost by a fifth May 30, 2023 A sandwich and sushi maker supplying UK supermarket giants from M&S to Waitrose has reported a surge in revenue after upping its prices – and revealed it axed around 250 jobs. Greencore told investors it sunk to a loss this year after battling higher costs. The Dublin-based convenience food manufacturing firm said its revenue jumped [...]
Global travel and weak pound fuels London prime property recovery amid fears of Labour stamp duty plans May 30, 2023 The return to global travel and the weak pound helped the fuel recovery of London’s prime property market in the first third of 2023. Data by estate agents Knight Frank, shows that sales on luxury pads above the five million pound price point are up 40 per cent compared to the same period last year [...]
Private funds expect incoming ESG regulations to boost sector – but UK will trail US and EU May 30, 2023 Private investment firms in the UK think incoming ESG regulations will boost sector but funds worry divergence from global norms could harm progress. According to research from PwC, 59.1 per cent of Limited Partners (LPs) and 58.0 per cent of General Partners (GPs) surveyed believed incoming regulations in the UK targeting ESG would have a [...]
Inflation to top Bank of England target until at least 2026, Goldman Sachs warn May 30, 2023 Inflation in the UK is set to top the Bank of England’s target for at least the next three years, likely forcing governor Andrew Bailey and co to tip the country into recession via yet more interest rate rises, a top Wall Street bank has warned. Researchers at Goldman Sachs late last night hiked their [...]
Rooftop solar installations will rise to record 1.47m as Brits try to beat high energy costs May 30, 2023 More residential and small-scale commercial rooftop solar power installations are expected to be made this year than ever before.
FTSE 100: Ocado set to be chucked from the trolley in London index reshuffle May 30, 2023 Ocado is set to be rubbed off many investors’ shopping lists this week as it faces a relegation from the FTSE 100 following a troubled period of slowing sales and a tumbling share price.
Blur – The Narcissist: A deep-dive into the genesis of (another) hit May 30, 2023 There is a moment in the Beatles’ catalogue of which I’m particularly fond. It comes on the album Sergeant Pepper’s Lonely Hearts Club Band when Paul McCartney, ever the panting optimist, sings: “It’s getting better all the time.” Lennon improvises back: “It couldn’t get much worse.” The essentially dual spirit of the Beatles is encapsulated in that [...]
Oil prices wane as US races to secure deal over debt ceiling May 30, 2023 Both major oil benchmarks dipped this morning as fears over the sustainability of the US debt ceiling made investors more cautious.
The “shy capitalists” want more of their own money, not toxic culture wars May 30, 2023 Forget Mondeo Man or Basildon Barry, there’s a new electoral figure on the scene: the ‘shy capitalist’ millennial. That, at least, is the conclusion of the latest bit of research by Onward, the newly revved-up Tory think-tank. In short, millennials – those between the ages of 25 and 40 – appear to be the first [...]
