Eurozone edges nearer to recession while UK economy ‘stalls’ July 24, 2023 The European economy has edged closer to recession, while the UK is on the brink of slipping into negative growth, closely watched surveys out today reveal. A snapshot of the eurozone’s respective economies showed high inflation and the European Central Bank’s (ECB) efforts to tame it with interest rate rises is cooling activity. Hamburg Commercial [...]
Thames Water owner Kemble hit with downgrade in debt ratings July 24, 2023 Thames Water owner Kemble has suffered a downgrade in the credit rating of its debts from influential agency Moody’s.
Julius Baer records £6.4bn in new money after Credit Suisse collapse July 24, 2023 Swiss private bank Julius Baer has reaped the rewards of Credit Suisse’s collapse as it reported net inflows in the first half of the year. In the six months to June, the bank attracted CHF7.1bn (£6.4) in new money from wealthy clients, helping to bring assets under management to CHF441bn. This compared to net outflows of [...]
Is the looming dawn of CBDCs leading us blindly into a surveillance state? July 24, 2023 Susie Violet Ward says we must act now over CBDCs to safeguard transparency, autonomy, and a future where individual freedom thrives.
Bitcoin picks up where it left off with eyes on $30,000 July 24, 2023 Bitcoin and other cryptocurrencies continue to idle as investors wait for significant signals for their next move
Elon Musk bids adieu to the Twitter bird as social media giant rebrands to ‘X’ July 24, 2023 Twitter owner Elon Musk revealed the social media giant will bid farewell to its famous blue bird, as a new “X” logo was unveiled this week, in a bid to transform it into an “everything app”. The billionaire Tesla boss announced the revamp, tweeting his desire to “bid adieu” to the Twitter brand and, gradually, [...]
More London rail disruption on horizon as ASLEF to stage fresh overtime ban July 24, 2023 Train drivers will stage a fresh overtime ban in August, the ASLEF Union has announced, continuing a long running dispute and causing disruption for many London hubs. ASLEF workers will refuse to work overtime from Monday 7 to Saturday 12 August, in action that the union said will “seriously disrupt services,” as “none of the [...]
Atom Bank swings to first profit as juicy rates tempt in savers July 24, 2023 Atom Bank has notched its first full year of operating profit today after jacking up its savings rates and nearly doubling its customer base over the past year.
Matalan: Rainy weather and shift back to stores leads to revenue slump July 24, 2023 Matalan reported a challenging first quarter as poor summer weather impacted sales against the backdrop of cost of living pressures and a shift away from digital. The bargain homeware and clothing retailer said revenues in the thirteen weeks to 27th of May declined eight per cent to £263m. However, in the five weeks to the [...]
Oil markets consolidate July’s gains as China prepares stimulus measures July 24, 2023 Oil prices remain above $80 per barrel, with predictions of stimulus measures in China underpinning both major benchmarks.
