Train derailment on line to London Bridge causes travel chaos on Thameslink June 9, 2023 A derailment within a depot between Dartford and London Bridge has forced all lines to be closed this morning. Major disruption was caused by the incident, with Network rail reporting just before 9am that the train was now clear of the track at Plumstead. However it was being inspected for damage caused so disruption would [...]
Wall Street: Bulls run again as S&P 500 climbs 20 per cent above October low June 9, 2023 Stocks rose just enough for Wall Street to barrel into a new bull market on Thursday as the S&P 500 keeps rallying off its low from last autumn. The index rose 0.6 per cent to carry it 20 per cent above a bottom hit in October. That means Wall Street’s main measure of health has [...]
Mark Carney: Ex BoE chief’s Brookfield set to win Network bidding war as £2.2bn offer backed by board June 9, 2023 FTSE 250 Network International has agreed a £2.2bn takeover offer from Canadian private equity giant Brookfield, becoming the latest in a string of listed firms to be taken private. Brookfield, which is headed by former Bank of England governor Mark Carney, will pay 400 pence per share representing a 64 per cent premium to Network’s [...]
Expensive repairs and second-hand car costs push motor claims to record £2.4bn in first quarter June 9, 2023 A record £2.4 billion was paid out in motor claims in the first quarter of this year as firms find surging costs increasingly challenging to absorb, according to the Association of British Insurers (ABI). More expensive vehicle repairs, rising second-hand car costs and longer repair times are among the challenges faced by insurers, although there [...]
Sunak and Biden announce UK-US partnership on AI, minerals and Ukraine June 9, 2023 Joe Biden and Rishi Sunak announced their countries would partner on AI, clean energy and critical minerals.
Lifeline for Amigo? Shares in subprime lender rocket on potential investment from shareholder June 9, 2023 Shares in Amigo surged after it agreed an exclusivity agreement with shareholder and financier Michael Fleming, raising the possibility of a debt investment in the subprime lender. Exclusivity agreements mean borrowers can not obtain funds from any other source. Fleming’s period of exclusivity expires on 6 September this year. Its shares were trading over 200 [...]
London bias ‘baked into’ system as MPs warn UK can no longer ‘fly blind’ on attracting foreign investment June 9, 2023 The Government is not doing enough to encourage foreign investment into areas of the UK outside London and the South East, MPs have warned. An economic bias remains “baked into” the system, leaving barriers to the levelling up agenda, the Commons Public Accounts Committee said. The group has told the newly formed Department for Business [...]
Government eases windfall tax to protect North Sea oil and gas projects June 9, 2023 The government has softened the windfall tax in a bid to soothe industry concerns over the UK’s investment climate in the North Sea.
Donald Trump: Former President charged over mishandling classified documents June 9, 2023 Former US President Donald Trump said he has been indicted on charges of mishandling classified documents at his Florida estate. The Justice Department did not immediately publicly confirm the indictment which would ignite a federal prosecution and provide arguably the most perilous of legal threats against the former president. US media outlets said the indictment [...]
Online shopping sales slump to lowest levels since before pandemic June 9, 2023 The cost of living crisis has hindered the online shopping sales boom with digital sales falling to their lowest levels since before the pandemic. The number of online sales fell by 3.3 per cent during May as punters, under the cosh, have had to cut down on the number of goods they buy from digital [...]
